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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Hazard KY</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Jacksonville FL</name>
        <lei>549300XQE0JVN9WV0J40</lei>
        <title>City of Jacksonville, Series 2020</title>
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          <isin value="US469400EM37"/>
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        <curCd>USD</curCd>
        <valUSD>15196200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2019 B</title>
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          <isin value="US71883MQA52"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5157977.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority, Series 2020 B-1</title>
        <cusip>04084RBZ3</cusip>
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          <isin value="US04084RBZ38"/>
          <other otherDesc="Inhouse Asset ID" value="1073707"/>
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        <balance>6100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6150474.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Community Independent School District/TX</name>
        <lei>N/A</lei>
        <title>Community Independent School District, Series 2022 B</title>
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          <isin value="US203714SN18"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2694244.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <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 2015 AA</title>
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          <isin value="US646136Y546"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15171937.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Orange County Health Facilities Authority, Series 2016 A</title>
        <cusip>68450LEN1</cusip>
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          <isin value="US68450LEN10"/>
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        <balance>6000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <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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          <isCashCollateral>N</isCashCollateral>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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          <isin value="US6446148D47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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        <name>Tri-County River Valley Development Authority</name>
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          <isin value="US89578CAB46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>North Sumter County Utility Dependent District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US64578EKU00"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Series 2022 A</title>
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          <isin value="US34061QBU04"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2020 A, Class 1</title>
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          <isin value="US59447TL687"/>
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        <balance>2250000.00000000</balance>
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        <valUSD>2174866.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Sarasota County Health Facilities Authority, Series 2018</title>
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          <isin value="US80329UBJ79"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
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        <valUSD>602487.96000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Municipal Power Agency</name>
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        <curCd>USD</curCd>
        <valUSD>10372048.00000000</valUSD>
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        <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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      <invstOrSec>
        <name>City of Germantown TN</name>
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        <curCd>USD</curCd>
        <valUSD>2322802.40000000</valUSD>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Franklin OH</name>
        <lei>549300VCBUC1RZE7KL42</lei>
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        <cusip>353202FM1</cusip>
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          <isin value="US353202FM16"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10276375.00000000</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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
        <lei>N/A</lei>
        <title>Texas Transportation Commission, Series 2019 A</title>
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          <isin value="US88283NAU63"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>1364969.00000000</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
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          <isin value="US65830RAR03"/>
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        <curCd>USD</curCd>
        <valUSD>9716194.02000000</valUSD>
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        <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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        <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"/>
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        <balance>3150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3103373.07000000</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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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US4521527B18"/>
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        <balance>3685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3650838.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <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, Series 2016 A</title>
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          <isin value="US956725FC40"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5221572.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WHD11"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3707754.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GMJ03"/>
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        <balance>29100000.00000000</balance>
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        <valUSD>29100000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000105</annualizedRt>
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      <invstOrSec>
        <name>City of Grand Forks ND</name>
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          <isin value="US38546WDG24"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GSJ49"/>
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        <balance>12000000.00000000</balance>
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          <maturityDt>2049-06-15</maturityDt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tohopekaliga Water Authority</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., Series 2020</title>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2040-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Edmond Public Works Authority</name>
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          <isin value="US28112NHY40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Southwestern Illinois Development Authority</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
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          <isin value="US84552YGV74"/>
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        <balance>3850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3653877.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
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          <isin value="US57563RPF00"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1865008.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
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          <isin value="US4521525Y39"/>
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        <balance>4190000.00000000</balance>
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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>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public Health Care Authority (The)</name>
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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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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Texas Water Development Board</name>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Haven Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>New York State Dormitory Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>University of Michigan</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>County of Miami-Dade FL Transit System</name>
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        <name>New York State Thruway Authority</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>San Jose Unified School District</name>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>Chicago Park District</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Tennessee Housing Development Agency</name>
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        <name>City of Dallas Housing Finance Corp.</name>
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        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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        <name>Chicago Park District</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2021 A</title>
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          <maturityDt>2051-06-15</maturityDt>
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      <invstOrSec>
        <name>Montgomery County Industrial Development Authority</name>
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        <name>Tarrant County Health Facilities Development Corp.</name>
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        <name>Lee County Industrial Development Authority</name>
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        <name>Mississippi Development Bank</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Public Power Generation Agency</name>
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          <isin value="US744434EL18"/>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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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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        <name>North Harris County Regional Water Authority</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Eagle River Water &amp; Sanitation District</name>
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        <name>Lafayette Consolidated Government</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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      <invstOrSec>
        <name>HTA HRRB Custodial Trust</name>
        <lei>N/A</lei>
        <title>HTA HRRB Custodial Trust, Series 2007 CC</title>
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          <isin value="US30260SAA87"/>
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        <curCd>USD</curCd>
        <valUSD>2568997.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
        <title>Tennessee Housing Development Agency, Series 2018-2</title>
        <cusip>880461US5</cusip>
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          <isin value="US880461US50"/>
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        <balance>1005000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>Knox County Health Educational &amp; Housing Facility Board, Series 2017</title>
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          <isin value="US49952MEG78"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
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          <isin value="US05922KXD61"/>
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        <valUSD>10136274.00000000</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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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
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          <isin value="US45528UZJ32"/>
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        <balance>41970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44092746.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency, Series 2021</title>
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          <isin value="US917467BT80"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343407.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2015 A</title>
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          <isin value="US45506DTQ87"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10308997.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
        <title>Louisville/Jefferson County Metropolitan Government, Series 2003 A</title>
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          <isin value="US546749AT96"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3226851.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
        <title>Metropolitan Nashville Airport Authority (The), Series 2019 B</title>
        <cusip>592190PG1</cusip>
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          <isin value="US592190PG19"/>
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        <balance>17475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18139039.52000000</valUSD>
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        <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>5.00000000</annualizedRt>
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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, Series 2020 D</title>
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          <isin value="US167615B850"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986466.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59259Y3P27"/>
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        <balance>7000000.00000000</balance>
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        <valUSD>7066133.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port New Orleans Board of Commissioners</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204EBX58"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Miami-Dade County Expressway Authority</name>
        <lei>549300NSQPQSO55VM780</lei>
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          <isin value="US59334KFW36"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>Port of Portland OR Airport Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Tampa FL</name>
        <lei>N/A</lei>
        <title>City of Tampa, Series 2020 A</title>
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          <isin value="US875146AV45"/>
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        <balance>800000.00000000</balance>
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        <valUSD>418350.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Detroit MI Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>City of Detroit, Series 2006 B</title>
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          <isin value="US2512377S60"/>
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        <valUSD>10013.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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        <name>Shelby County School District Finance Corp.</name>
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        <name>Chandler Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>ARC70 II TRUST</name>
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        <name>Fayette County Hospital Authority</name>
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        <name>Philadelphia Gas Works Co.</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>Harris-Waller Counties Municipal Utility District No. 4</name>
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        <name>Centre Lake Community Development District</name>
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        <name>District of Columbia</name>
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        <name>Tri-County River Valley Development Authority</name>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>City of Memphis TN Electric System Revenue</name>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Fayette County School District Finance Corp.</name>
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        <name>New Mexico Hospital Equipment Loan Council</name>
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        <name>White House Utility District</name>
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        <name>Westside 211 Special Improvement District</name>
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        <name>City of Grand Forks ND</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Sarasota County Health Facilities Authority, Series 2018</title>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>North Sumter County Utility Dependent District</name>
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        <name>Public Finance Authority</name>
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        <name>Atlanta Development Authority (The)</name>
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        <name>Port of Seattle WA</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
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        <name>Sarasota County Health Facilities Authority</name>
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        <name>State of Illinois</name>
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        <name>Chicago O'Hare International Airport</name>
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      <invstOrSec>
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        <name>Idaho Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>North Carolina Medical Care Commission</name>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <isin value="US917467CD20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Paducah Electric Plant Board</name>
        <lei>549300XTPDPORT8VIQ62</lei>
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          <isin value="US695317DY02"/>
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        <balance>5700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2010 B</title>
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          <isin value="US45505VAE65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888808HT28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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        <name>City &amp; County of Denver CO</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542PEV31"/>
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        <name>Energy Southeast A Cooperative District</name>
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        <name>City of Miami Beach FL</name>
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        <name>Miami Beach Redevelopment Agency</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <title>Pennsylvania Economic Development Financing Authority, Series 2022 A</title>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>HTA HRRB Custodial Trust</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>West Virginia Economic Development Authority</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Indiana Finance Authority</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>County of Coffee TN</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Development Authority of Monroe County (The)</name>
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        <name>Public Finance Authority</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Westside 211 Special Improvement District</name>
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        <name>HTA HRRB Custodial Trust</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Central Utah Water Conservancy District</name>
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        <name>Pine Ridge Plantation Community Development District</name>
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        <name>Port of Portland</name>
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        <name>City of Carson NV</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>HTA TRRB Custodial Trust</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Coweta County Development Authority</name>
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        <name>Harris-Waller Counties Municipal Utility District No. 4</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Municipal Property Corp.</name>
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          <isin value="US378294FC14"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hunters Overlook Metropolitan District No. 5</name>
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          <isin value="US445788AB85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <isin value="US79766DMB28"/>
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        <curCd>USD</curCd>
        <valUSD>41050653.69000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HTA TRRB Custodial Trust</name>
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          <isin value="US30312SAA69"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1437452.36000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
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          <isin value="US780870AL58"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567087.11000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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          <isin value="US65830RAP47"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17378772.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Arizona State University</name>
        <lei>254900BLZ1MCZ5JLK411</lei>
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          <isin value="US04048RRM06"/>
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        <valUSD>9247041.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Parish of St John the Baptist LA</name>
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          <isin value="US79020FBA30"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7116281.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Harris-Waller Counties Municipal Utility District No. 4</name>
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          <isin value="US41464CAW64"/>
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        <balance>2010000.00000000</balance>
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        <valUSD>2037382.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>CMFA Special Finance Agency</name>
        <lei>N/A</lei>
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          <isin value="US12574WAA80"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange County Health Facilities Authority</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>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74442EKP42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-06-15</maturityDt>
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        <name>Lamar Consolidated Independent School District</name>
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          <isin value="US513174XP22"/>
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        <name>County of Hillsborough FL Wastewater Impact Fee</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13080SM681"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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        <name>City of Cape Coral FL Water &amp; Sewer Revenue</name>
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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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      <invstOrSec>
        <name>New York City Industrial Development Agency</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency, Series 2020 A</title>
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          <isin value="US64971PKJ39"/>
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        <curCd>USD</curCd>
        <valUSD>5769161.40000000</valUSD>
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        <name>Public Power Generation Agency</name>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Corona-Norco Unified School District</name>
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        <name>State of Hawaii Airports System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>Sarasota County Health Facilities Authority</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Public Finance Authority</name>
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        <name>Williamson County HB &amp; TS Utility District</name>
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        <name>Tohoqua Community Development District</name>
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        <name>Timber Creek Southwest Community Development District</name>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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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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        <name>Northern Tobacco Securitization Corp.</name>
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        <name>Oro Grande Elementary School District</name>
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        <name>City of Farmington NM</name>
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        <name>Michigan Finance Authority</name>
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        <name>North Harris County Regional Water Authority</name>
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        <name>Idaho Health Facilities Authority</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
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        <name>Kentucky Bond Development Corp.</name>
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        <name>Southern California Public Power Authority</name>
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        <name>County of Monroe FL Airport Revenue</name>
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      <invstOrSec>
        <name>Hopkins County School District Finance Corp.</name>
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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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        <name>Hillsborough County Aviation Authority</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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        <name>Washington Higher Education Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Montana Facility Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palm Beach County Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HTA TRRB Custodial Trust</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Village Community Development District No. 15</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Charlotte-Mecklenburg Hospital Authority (The)</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>County of Butler OH</name>
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        <name>West Virginia Water Development Authority</name>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>South Fork East Community Development District</name>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>Mississippi Home Corp.</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>City of Laredo TX Waterworks &amp; Sewer System Revenue</name>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <name>Hollywood Beach Community Development District I</name>
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        <name>Lakeside Place PFC</name>
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        <name>Leon County Housing Finance Authority</name>
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        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Macon County School District No. 61 Decatur</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Development Authority for Fulton County</name>
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        <name>Tennergy Corp.</name>
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        <name>City of Miami Beach FL Stormwater Revenue</name>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</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>City of Baltimore MD</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2041-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centennial Gardens LP, Term Loan</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Asset ID" value="1186682"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2024-01-08</maturityDt>
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      <invstOrSec>
        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
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          <isin value="US56682HDA41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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          <isin value="US66285WXZ49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
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          <isin value="US02765UGJ79"/>
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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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      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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          <isin value="US452153EB19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <title>Knox County Health Educational &amp; Housing Facility Board, Series 2016</title>
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        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14054CDJ53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RLJ31"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Mississippi Business Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>South Dakota Health &amp; Educational Facilities Authority</name>
        <lei>549300ZW6LKR8UI2C378</lei>
        <title>South Dakota Health &amp; Educational Facilities Authority, Series 2017</title>
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        <name>Memphis-Shelby County Airport Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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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>Virginia Small Business Financing Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>Public Finance Authority</name>
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        <name>Mississippi Home Corp.</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Abilene Convention Center Hotel Development Corp.</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>University of North Florida Financing Corp. (The)</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Gainesville FL Utilities System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Main Street Natural Gas, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-15</maturityDt>
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        <name>Align Affordable Housing Bond Fund LP</name>
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          <isin value="US01631EAA29"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000120</annualizedRt>
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      <invstOrSec>
        <name>City of Chattanooga TN Electric Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Akron Bath Copley Joint Township Hospital District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>State of Hawaii Airports System Revenue</name>
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        <name>Main Street Natural Gas, Inc.</name>
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      <invstOrSec>
        <name>Kentucky Rural Water Finance Corp.</name>
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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>Mississippi Home Corp.</name>
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        <name>Downtown Doral South Community Development District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Lewis County School District Finance Corp.</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Lake Havasu City AZ Wastewater System Revenue</name>
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        <name>Santa Ana Unified School District</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Amelia County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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        <name>Mississippi Home Corp.</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Utah Infrastructure Agency</name>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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        <name>State of Arizona Distribution</name>
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          <isin value="US71884WAW10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Epperson North Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Knoxville TN Wastewater System Revenue</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Upper Illinois River Valley Development Authority</name>
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          <isin value="US91588LAM46"/>
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        <name>District of Columbia</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>City of Germantown TN</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
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        <name>California Statewide Communities Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>City of Salt Lake City UT Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PR Custodial Trust</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Gretna Public Schools</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</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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        <name>St Johns County Industrial Development Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <invCountry>US</invCountry>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
        <lei>N/A</lei>
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          <isin value="US20841CAG96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Leander TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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        <name>Maricopa County Pollution Control Corp.</name>
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        <valUSD>4017395.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.40000000</annualizedRt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Municipal Power Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Village Community Development District No. 15</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Carroll KY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Brevard County Health Facilities Authority</name>
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        <name>Oro Grande Elementary School District</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2018 A</title>
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        <name>Indiana Finance Authority</name>
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        <name>Chicago Park District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Public Authority for Colorado Energy</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Lee FL Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Mesquite TX</name>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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        <name>Town of Chestertown MD</name>
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        <debtSec>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712D8U39"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
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        <debtSec>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709225AX48"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Kent DE</name>
        <lei>N/A</lei>
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        <name>Corona-Norco Unified School District</name>
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        <name>Florida Housing Finance Corp.</name>
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        <name>County of Kent DE</name>
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        <name>Fiddlers Business Improvement District</name>
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        <name>Washington Health Care Facilities Authority</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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        <name>North Texas Tollway Authority</name>
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        <name>Reunion West Community Development District</name>
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        <name>City of Gainesville FL Utilities System Revenue</name>
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        <name>Lancaster Industrial Development Authority</name>
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        <name>Town of Palm Beach FL</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
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      <invstOrSec>
        <name>Scott County School District Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>West Wilson Utility District of Wilson County Tennessee</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542UFM18"/>
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      <invstOrSec>
        <name>South Dakota State Building Authority</name>
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        <name>California Community Housing Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <name>South Fork East Community Development District</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Fayette County School District Finance Corp.</name>
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        <name>City of Fort Myers FL Utility System Revenue</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <debtSec>
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        <name>Cobb County Kennestone Hospital Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San Mateo Union High School District</name>
        <lei>N/A</lei>
        <title>San Mateo Union High School District, Series 2011 A</title>
        <cusip>799017GU6</cusip>
        <identifiers>
          <isin value="US799017GU63"/>
          <other otherDesc="Inhouse Asset ID" value="496213"/>
        </identifiers>
        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19370042.00000000</valUSD>
        <pctVal>0.210247106974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>Kentucky State Property &amp; Building Commission</title>
        <cusip>49151FTN0</cusip>
        <identifiers>
          <isin value="US49151FTN05"/>
          <other otherDesc="Inhouse Asset ID" value="658769"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2619433.75000000</valUSD>
        <pctVal>0.028431965601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</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>Kaufman County Fresh Water Supply District No. 1-D</name>
        <lei>N/A</lei>
        <title>Kaufman County Fresh Water Supply District No. 1-D, Series 2021</title>
        <cusip>48618TAZ2</cusip>
        <identifiers>
          <isin value="US48618TAZ21"/>
          <other otherDesc="Inhouse Asset ID" value="1158840"/>
        </identifiers>
        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>146070.22000000</valUSD>
        <pctVal>0.001585481392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>Ohio Turnpike &amp; Infrastructure Commission, Series 2013 A-4</title>
        <cusip>67760HKS9</cusip>
        <identifiers>
          <isin value="US67760HKS93"/>
          <other otherDesc="Inhouse Asset ID" value="556194"/>
        </identifiers>
        <balance>35000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>41647098.50000000</valUSD>
        <pctVal>0.452047650360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74999920</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 Boyle KY</name>
        <lei>N/A</lei>
        <title>County of Boyle, Series 2017</title>
        <cusip>10346PAR7</cusip>
        <identifiers>
          <isin value="US10346PAR73"/>
          <other otherDesc="Inhouse Asset ID" value="661162"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2077502.20000000</valUSD>
        <pctVal>0.022549709870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</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>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
        <title>Puerto Rico Highway &amp; Transportation Authority, Series 2022 A</title>
        <cusip>745197AA1</cusip>
        <identifiers>
          <isin value="US745197AA19"/>
          <other otherDesc="Inhouse Asset ID" value="1227843"/>
        </identifiers>
        <balance>698767.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>688285.50000000</valUSD>
        <pctVal>0.007470816797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-07-01</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>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Illinois, Series 2016 C</title>
        <cusip>452227KM2</cusip>
        <identifiers>
          <isin value="US452227KM28"/>
          <other otherDesc="Inhouse Asset ID" value="1207748"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5074355.00000000</valUSD>
        <pctVal>0.055078272856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</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>
      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2020 D</title>
        <cusip>59261AH91</cusip>
        <identifiers>
          <isin value="US59261AH912"/>
          <other otherDesc="Inhouse Asset ID" value="1109842"/>
        </identifiers>
        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18526036.00000000</valUSD>
        <pctVal>0.201086062317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</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>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>Kentucky State Property &amp; Building Commission, Series A</title>
        <cusip>49151FGP9</cusip>
        <identifiers>
          <isin value="US49151FGP99"/>
          <other otherDesc="Inhouse Asset ID" value="596591"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3569776.00000000</valUSD>
        <pctVal>0.038747209559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</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>New Haven Unified School District</name>
        <lei>N/A</lei>
        <title>New Haven Unified School District, Series 2009</title>
        <cusip>645002XJ0</cusip>
        <identifiers>
          <isin value="US645002XJ02"/>
          <other otherDesc="Inhouse Asset ID" value="450026"/>
        </identifiers>
        <balance>2055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1553387.65000000</valUSD>
        <pctVal>0.016860844154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Terrebonne Levee &amp; Conservation District</name>
        <lei>N/A</lei>
        <title>Terrebonne Levee &amp; Conservation District, Series 2020 B</title>
        <cusip>881182BV0</cusip>
        <identifiers>
          <isin value="US881182BV05"/>
          <other otherDesc="Inhouse Asset ID" value="1104546"/>
        </identifiers>
        <balance>5165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5054508.25000000</valUSD>
        <pctVal>0.054862851445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</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>
      <invstOrSec>
        <name>Lehigh County General Purpose Authority</name>
        <lei>N/A</lei>
        <title>Lehigh County General Purpose Authority, Series 2022</title>
        <cusip>52480EAL3</cusip>
        <identifiers>
          <isin value="US52480EAL39"/>
          <other otherDesc="Inhouse Asset ID" value="1189002"/>
        </identifiers>
        <balance>13785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11439249.28000000</valUSD>
        <pctVal>0.124164370272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</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>
      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2021 A</title>
        <cusip>74442CDQ4</cusip>
        <identifiers>
          <isin value="US74442CDQ42"/>
          <other otherDesc="Inhouse Asset ID" value="1165369"/>
        </identifiers>
        <balance>5145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4476780.78000000</valUSD>
        <pctVal>0.048592058166</pctVal>
        <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>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>
      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority, Series 2018 A</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>10175558.00000000</valUSD>
        <pctVal>0.110447960378</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, Series 2021</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>776934.60000000</valUSD>
        <pctVal>0.008433035506</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, Series 2017</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>8492446.92000000</valUSD>
        <pctVal>0.092179066832</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>2023-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Federal Tax Free Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Ryan Wheeler</ncom:signature>
      <ncom:signerName>Ryan Wheeler</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
