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        <name>New Orleans Aviation Board</name>
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        <name>New Mexico Hospital Equipment Loan Council</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of Hazard KY</name>
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        <name>St Louis Municipal Finance Corp.</name>
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        <name>City of Jacksonville FL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Community Independent School District/TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Tri-County River Valley Development Authority</name>
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        <name>Norman Y Mineta San Jose International Airport SJC</name>
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        <name>Michigan Finance Authority</name>
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        <name>Sarasota County Health Facilities Authority</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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="US80329UBH14"/>
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        <curCd>USD</curCd>
        <valUSD>606750.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
        <lei>N/A</lei>
        <title>Texas Transportation Commission, Series 2019 A</title>
        <cusip>88283NAU6</cusip>
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          <isin value="US88283NAU63"/>
          <other otherDesc="Inhouse Asset ID" value="964212"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1417259.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Series 2009 B</title>
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          <isin value="US65830RAR03"/>
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        <balance>15215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10304303.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Grand Forks ND</name>
        <lei>N/A</lei>
        <title>City of Grand Forks, Series 2023 A</title>
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          <isin value="US38546WEQ96"/>
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        <balance>2440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2455554.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2017 A</title>
        <cusip>452152U33</cusip>
        <identifiers>
          <isin value="US452152U338"/>
          <other otherDesc="Inhouse Asset ID" value="1112265"/>
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        <balance>3150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2966226.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>South Maryland Creek Ranch Metropolitan District</name>
        <lei>N/A</lei>
        <title>South Maryland Creek Ranch Metropolitan District, Series 2023</title>
        <cusip>838797AU2</cusip>
        <identifiers>
          <isin value="US838797AU20"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>811414.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Water Development Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Water Development Authority, 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>5060664.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2011 B</title>
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          <isin value="US66285WHD11"/>
          <other otherDesc="Inhouse Asset ID" value="492250"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3818555.25000000</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>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlanta GA Airport Passenger Facility Charge</name>
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        <title>City of Atlanta, Series 2023 E</title>
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          <isin value="US04780TEY64"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4447234.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <title>City &amp; County of Denver, Series 2022 D</title>
        <cusip>249182TN6</cusip>
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          <isin value="US249182TN62"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10070023.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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          <isin value="US56035DDX75"/>
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        <balance>14500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14381337.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>Central Puget Sound Regional Transit Authority, Series 2021 S-1</title>
        <cusip>155048EG2</cusip>
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          <isin value="US155048EG20"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18300030.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bannon Lakes Community Development District</name>
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          <isin value="US066697AF02"/>
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        <balance>700000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <title>New York Transportation Development Corp., Series 2020</title>
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          <isin value="US650116CZ75"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2023 A</title>
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          <isin value="US45506EEQ26"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>4606372.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Series 2009 B</title>
        <cusip>65830RAQ2</cusip>
        <identifiers>
          <isin value="US65830RAQ20"/>
          <other otherDesc="Inhouse Asset ID" value="449550"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10657608.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
        <title>Lakewood Ranch Stewardship District, Series 2024</title>
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          <isin value="US51265KFT07"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524203.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>Southeast Regional Management District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Texas Water Development Board</name>
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          <isin value="US88285ABH05"/>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>City of Chicago IL</name>
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        <name>State of Ohio</name>
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        <name>New Haven Unified School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City of Melbourne FL Water &amp; Sewer Revenue</name>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <name>Heritage Harbour North Community Development District</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>Capital Projects Finance Authority/FL</name>
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        <name>Washington Health Care Facilities Authority</name>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Terrebonne Levee &amp; Conservation District</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>Capital Projects Finance Authority/FL</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>State of Illinois</name>
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        <name>County of Miami-Dade FL Transit System</name>
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        <name>Corona-Norco Unified School District</name>
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        <name>Greater Asheville Regional Airport Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
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        <name>Upper Illinois River Valley Development Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Macon County School District No. 61 Decatur</name>
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        <name>Public Finance Authority</name>
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        <name>City of Royse City TX</name>
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        <name>Shelby County School District Finance Corp.</name>
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        <name>Florida Development Finance Corp.</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sarasota County Public Hospital District</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US187145QY60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990AGR05"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>10069801.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US956622S475"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii Department of Budget &amp; Finance</name>
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          <isin value="US419800LY19"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8254879.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74442CDR25"/>
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        <balance>11980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9065600.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookhaven Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US113073AY60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <balance>39000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority, Series 2021</title>
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          <isin value="US93978HYB58"/>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>ARC70 II TRUST</name>
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          <isin value="US03880NAA63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2002</title>
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          <isin value="US13062N4C84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Gas Works Co.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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          <maturityDt>2041-08-15</maturityDt>
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        <name>Harris-Waller Counties Municipal Utility District No. 4</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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        <name>City of Jackson TN</name>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centre Lake Community Development District</name>
        <lei>N/A</lei>
        <title>Centre Lake Community Development District, Series 2021</title>
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          <isin value="US156309AQ99"/>
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        <balance>1140000.00000000</balance>
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        <name>New York Liberty Development Corp.</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Sarasota County Health Facilities Authority</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>Haven at Elgin LLC</name>
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        <name>Leomas Landing Community Development District</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>University of North Dakota</name>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Texas Water Development Board</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Metropolitan Washington Airports Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Indiana Municipal Power Agency</name>
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        <invCountry>US</invCountry>
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        <name>City of Carmel IN Waterworks Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CMFA Special Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-12-01</maturityDt>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maryland Stadium Authority</name>
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        <name>North Sumter County Utility Dependent District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>District of Columbia</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <invCountry>US</invCountry>
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        <name>Ave Maria Stewardship Community District</name>
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        <name>Gulf Coast Authority</name>
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        <name>West Contra Costa Unified School District</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>AES Guayama Holdings BV</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>State of Illinois</name>
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      <invstOrSec>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>Columbus Regional Airport Authority</name>
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        <name>Sarasota County Health Facilities Authority</name>
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        <name>Everlands Community Development District</name>
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        <name>State of Illinois</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Northern Illinois University</name>
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        <name>Alabama Special Care Facilities Financing Authority-Birmingham AL</name>
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        <name>Centre Lake Community Development District</name>
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        <name>Chicago O'Hare International Airport</name>
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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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        <name>Utah Infrastructure Agency</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
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        <name>Aldine Independent School District</name>
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          <maturityDt>2042-02-15</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542PEV31"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Southeast A Cooperative District</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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          <isin value="US70870JEC80"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-15</maturityDt>
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        <name>Port of Portland OR Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Projects Finance Authority</name>
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          <isin value="US140427BM69"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Bond Development Corp.</name>
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          <isin value="US49120ABP30"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hampshire Business Finance Authority</name>
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          <isin value="US63607YBJ82"/>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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          <isin value="US48618TBA60"/>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <name>Los Cayos Community Development District</name>
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          <maturityDt>2054-06-15</maturityDt>
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        <name>Park Creek Metropolitan District</name>
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          <maturityDt>2046-12-01</maturityDt>
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        <name>West Virginia Economic Development Authority</name>
        <lei>549300WW88TKKF5H1220</lei>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>City of Portland TN Water &amp; Sewer Revenue</name>
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        <name>Pine Ridge Plantation Community Development District</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
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      <invstOrSec>
        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <name>Virginia Housing Development Authority</name>
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        <name>San Antonio Public Facilities Corp.</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Bay Transportation Authority</name>
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        <name>Utah State University</name>
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        <name>Development Authority of Burke County (The)</name>
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        <name>New York State Thruway Authority</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Phoenix Civic Improvement Corp.</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>County of Miami-Dade FL Aviation Revenue</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Atlanta Development Authority (The)</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>County of Franklin OH</name>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <name>Southwestern Illinois Development Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Sarasota County Health Facilities Authority</name>
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        <name>Kentucky Bond Development Corp.</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>Allentown Commercial and Industrial Development Authority</name>
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        <name>Tohoqua Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2016 D</title>
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          <isin value="US167593WQ12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
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          <annualizedRt>3.60000000</annualizedRt>
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      <invstOrSec>
        <name>County of Richland SC</name>
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          <isin value="US76363RAD35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BQP21"/>
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        <balance>205000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Knightsbridge Community Development District</name>
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          <isin value="US49907FAB31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
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      <invstOrSec>
        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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        <name>Comal Independent School District</name>
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          <isin value="US1998207G05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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          <isin value="US09182TCR68"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4184665.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <title>Chicago Transit Authority Sales Tax Receipts Fund, Series 2022 A</title>
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          <isin value="US16772PDN33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-12-01</maturityDt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45471FAF80"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
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        <name>Jacksonville Public Educational Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Park District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York NY</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-01</maturityDt>
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      <invstOrSec>
        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Lancaster Industrial Development Authority, Series 2021</title>
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        <balance>3300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Envirml Ctl Facs Fing Auth</name>
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        <name>Michigan Finance Authority</name>
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        <name>Grant County Public Hospital District No. 1</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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        <fairValLevel>2</fairValLevel>
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        <name>Hopkins County School District Finance Corp.</name>
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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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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Higher Education Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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        <name>Montana Facility Finance Authority</name>
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          <isin value="US61204KLQ21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County Educational Facilities Authority</name>
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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>Arlington Higher Education Finance Corp.</name>
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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>Escambia County Health Facilities Authority</name>
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        <name>Iowa Finance 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>Halifax Hospital Medical Center</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>City of Corpus Christi TX Utility System Revenue</name>
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        <name>Medina Valley Independent School District</name>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Michigan Strategic Fund</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Energy Southeast A Cooperative District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Memphis-Shelby County Airport Authority</name>
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        <name>City &amp; County of Denver CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>Black Belt Energy Gas District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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        <name>Westminster Public Schools</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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      <invstOrSec>
        <name>South Blount County Utility District</name>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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        <name>New Haven Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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        <name>Herons Glen Recreation District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Turnpike Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Washington State Convention Center Public Facilities District</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>Huntingdon County General Authority</name>
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        <name>Central Plains Energy Project</name>
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        <name>County of Spokane WA Airport Revenue</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Fayette County Hospital Authority/GA</name>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
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        <name>Arizona Industrial Development Authority</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Tennergy Corp.</name>
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        <name>Delaware State Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Home Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204FNC58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Miami Beach FL Stormwater Revenue</name>
        <lei>N/A</lei>
        <title>City of Miami Beach, Series 2015</title>
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          <isin value="US59324PDD87"/>
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        <curCd>USD</curCd>
        <valUSD>10031504.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Contra Costa Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US952347UZ33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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          <isin value="US594698QV79"/>
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        <balance>13345000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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          <isin value="US48618TAX72"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139237.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>City of Jacksonville FL</name>
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          <isin value="US469400EL53"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4414926.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <title>Kaufman County Fresh Water Supply District No. 1-D, Series 2021</title>
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          <isin value="US48618TAY55"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135460.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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          <isin value="US83703FLP52"/>
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        <balance>25000000.00000000</balance>
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        <valUSD>24748090.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116GZ30"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2010119.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viridian Municipal Management District</name>
        <lei>N/A</lei>
        <title>Viridian Municipal Management District, Series 2023</title>
        <cusip>92823PRJ7</cusip>
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          <isin value="US92823PRJ74"/>
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        <curCd>USD</curCd>
        <valUSD>1000079.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Department of Housing &amp; Community Affairs</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Series 2021</title>
        <cusip>45204FLF0</cusip>
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          <isin value="US45204FLF08"/>
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        <balance>750000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <invCountry>US</invCountry>
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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>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WXZ49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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      <invstOrSec>
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        <name>Louisiana Public Facilities 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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Tollway Authority</name>
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        <name>Massachusetts Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Florida Expressway Authority</name>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CMFA Special Finance Agency</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Highland Park Independent School District/Potter County</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago Park District</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Erie County Industrial Development Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Santa Ana Unified School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2136728.88000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 2024</title>
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          <isin value="US917467DB54"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>677685.19000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Timber Creek Southwest Community Development District</name>
        <lei>N/A</lei>
        <title>Timber Creek Southwest Community Development District, Series 2020</title>
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          <isin value="US88707RAC51"/>
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        <valUSD>889283.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506EEE95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-15</maturityDt>
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      <invstOrSec>
        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Omaha Public Power District Nebraska City Station Unit 2</name>
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          <isin value="US682004FJ05"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Touchstone Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Medical Center Educational Building Corp.</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Tampa FL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission, Series 2020 A</title>
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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>Prairie Center Metropolitan District No. 3</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>City of Melbourne FL Water &amp; Sewer Revenue</name>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Del Valle Independent School District TX</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>West Contra Costa Unified School District</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <name>City of Austin TX Electric Utility Revenue</name>
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        <name>Columbia County Hospital Authority/GA</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Commonwealth of Massachusetts Transportation Fund Revenue</name>
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        <name>Public Finance Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Pennsylvania Turnpike Commission</name>
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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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        <name>Align Capital Trust</name>
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          <isin value="US01631EAA29"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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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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          <maturityDt>2045-11-01</maturityDt>
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        <name>Baseline Metropolitan District No. 1</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>West Virginia Hospital Finance Authority</name>
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        <name>State of Hawaii Airports System Revenue</name>
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        <name>Greater Orlando Aviation Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>State of Hawaii Airports System Revenue</name>
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        <name>Kentucky Rural Water Finance Corp.</name>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>Skagit County Public Hospital District No. 1</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US917467CE03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <isin value="US917467CJ99"/>
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        <valUSD>3610232.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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        <title>Utah Infrastructure Agency, Series 2022</title>
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          <isin value="US917467CH34"/>
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        <valUSD>1233547.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <title>City of Phoenix Civic Improvement Corp., Series 2005 B</title>
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          <isin value="US71884WAW10"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6806632.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000080</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Epperson North Community Development District</name>
        <lei>N/A</lei>
        <title>Epperson North Community Development District, Series 2018 A-1</title>
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          <isin value="US29429VAC72"/>
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        <balance>1490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1515886.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2009 A</title>
        <cusip>6461362S9</cusip>
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          <isin value="US6461362S97"/>
          <other otherDesc="Inhouse Asset ID" value="1222023"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13032512.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Student Loan Authority</name>
        <lei>N/A</lei>
        <title>Rhode Island Student Loan Authority, Series 2024 A</title>
        <cusip>762323DD2</cusip>
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          <isin value="US762323DD23"/>
          <other otherDesc="Inhouse Asset ID" value="1343495"/>
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        <balance>2590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2283338.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Authority, Series 2021</title>
        <cusip>54628CUF7</cusip>
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          <isin value="US54628CUF75"/>
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        <balance>8900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7730005.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Knoxville TN Wastewater System Revenue</name>
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          <isin value="US499815RC48"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4806931.50000000</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>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WUY01"/>
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        <valUSD>10143073.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Germantown TN</name>
        <lei>N/A</lei>
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          <isin value="US374090VY13"/>
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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>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority, Series 2016 B</title>
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          <isin value="US646066F544"/>
          <other otherDesc="Inhouse Asset ID" value="655258"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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="US59447TL760"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>3388730.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Los Cayos Community Development District</name>
        <lei>N/A</lei>
        <title>Los Cayos Community Development District, Series 2024</title>
        <cusip>54546CAB7</cusip>
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          <isin value="US54546CAB72"/>
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        <balance>850000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Escambia County Health Facilities Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-08-15</maturityDt>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2018 E</title>
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          <isin value="US57582RUM68"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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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>San Mateo Union High School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Authority</name>
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          <isin value="US14054XAA19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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        <name>Mississippi Development Bank</name>
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          <isin value="US60534TQH13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kentucky Bond Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Evan's Place Metropolitan District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <name>Gretna Public Schools</name>
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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>Humble Independent School District</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Village Community Development District No. 15</name>
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        <name>Indiana Finance Authority</name>
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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>FW Texas Street Public Facility Corp.</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Northern Tobacco Securitization Corp.</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Colorado Health Facilities Authority</name>
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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>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>Oro Grande Elementary School District</name>
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      <invstOrSec>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Montgomery County Industrial Development Authority</name>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Broadway Park North Metropolitan District No. 2</name>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
        <lei>549300JJ16DDBSZWSN94</lei>
        <title>Maryland Economic Development Corp., Series 2024</title>
        <cusip>57420VTH6</cusip>
        <identifiers>
          <isin value="US57420VTH68"/>
          <other otherDesc="Inhouse Asset ID" value="1375847"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10091098.00000000</valUSD>
        <pctVal>0.125656754052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</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>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>17393908.00000000</valUSD>
        <pctVal>0.216593082295</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>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>1667266.92000000</valUSD>
        <pctVal>0.020761204509</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>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>10976048.47000000</valUSD>
        <pctVal>0.136676367929</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>Crowley Independent School District</name>
        <lei>N/A</lei>
        <title>Crowley Independent School District, Series 2023</title>
        <cusip>228130KJ8</cusip>
        <identifiers>
          <isin value="US228130KJ80"/>
          <other otherDesc="Inhouse Asset ID" value="1283988"/>
        </identifiers>
        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7876588.50000000</valUSD>
        <pctVal>0.098081154688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>720086.60000000</valUSD>
        <pctVal>0.008966689729</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>8427284.19000000</valUSD>
        <pctVal>0.104938548490</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>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Federal Tax Free Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
