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      <regFileNumber>811-04096</regFileNumber>
      <regCik>0000751656</regCik>
      <regLei>5493001Q9KE7H84Z5340</regLei>
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      <regZipOrPostalCode>02199</regZipOrPostalCode>
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      <seriesName>MFS Municipal Income Fund</seriesName>
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      <repPdEnd>2020-03-31</repPdEnd>
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      <isFinalFiling>N</isFinalFiling>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Downriver Utility Wastewater Authority</name>
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        <name>Rhode Island Student Loan Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of Illinois</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88034NTZ77"/>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204EVQ87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US928106AQ62"/>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Travis County Health Facilities Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US89438LCL09"/>
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        <curCd>USD</curCd>
        <valUSD>41499.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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          <isin value="US79770GAW69"/>
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        <valUSD>383244.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
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          <isin value="US837151HV40"/>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Merced Union High School District</name>
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          <isin value="US587635DN09"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Air Quality Development Authority</name>
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          <isin value="US677525WH63"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>2.59999900</annualizedRt>
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        <name>Selma Industrial Development Board</name>
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          <isin value="US81647PAC77"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Wayne County Airport Authority</name>
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        <name>Illinois Housing Development Authority</name>
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        <name>Sedgwick County Unified School District No. 266 Maize</name>
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        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
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          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
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          <isin value="US44420PDK75"/>
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        <curCd>USD</curCd>
        <valUSD>2578870.00000000</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>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Spring Independent School District</name>
        <lei>N/A</lei>
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        <cusip>8500005Y2</cusip>
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          <isin value="US8500005Y20"/>
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        <curCd>USD</curCd>
        <valUSD>11832400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13059TBQ1</cusip>
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          <isin value="US13059TBQ13"/>
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        <curCd>USD</curCd>
        <valUSD>611900.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Housing Finance Agency</name>
        <lei>N/A</lei>
        <title>Oklahoma Housing Finance Agency</title>
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          <isin value="US67886MQW28"/>
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        <balance>2825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3157163.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
        <cusip>718846AZ1</cusip>
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          <isin value="US718846AZ12"/>
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        <balance>8420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10319046.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
        <title>Massachusetts Educational Financing Authority</title>
        <cusip>57563RKY4</cusip>
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          <isin value="US57563RKY44"/>
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        <balance>2095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2226880.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State Public School Building Authority</name>
        <lei>5493006JN0UR7OGWTO86</lei>
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        <cusip>85732GPL8</cusip>
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          <isin value="US85732GPL85"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2031212.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Board of Governors of Colorado State University System</name>
        <lei>N/A</lei>
        <title>Board of Governors of Colorado State University System</title>
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          <isin value="US196707KV45"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3568140.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Stadium &amp; Exposition District</name>
        <lei>5493000QEHWDGVGH7J62</lei>
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          <isin value="US546410BG56"/>
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        <balance>1270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1428369.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1691831.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <balance>9760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7393200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Municipal Finance Agency</name>
        <lei>N/A</lei>
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          <isin value="US745277PD95"/>
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        <balance>190000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Montgomery OH</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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        <name>County of Osceola FL Transportation Revenue</name>
        <lei>N/A</lei>
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        <balance>1755000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>West Contra Costa Unified School District</name>
        <lei>N/A</lei>
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        <balance>3440000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
        <lei>5493006JSGNPGVJS7691</lei>
        <title>Texas Transportation Commission</title>
        <cusip>88283NAZ5</cusip>
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        <balance>4100000.00000000</balance>
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      <invstOrSec>
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        <name>Bellalago Educational Facilities Benefit District</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Harris County-Houston Sports Authority</name>
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          <maturityDt>2041-11-15</maturityDt>
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      <invstOrSec>
        <name>Chicago Transit Authority</name>
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        <name>Cook County Community College District No. 508</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>West Virginia Housing Development Fund</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Louisiana Stadium &amp; Exposition District</name>
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        <name>Connecticut Housing Finance Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Brookhaven Development Authority</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>Chicago Board of Education</name>
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        <name>Louisiana Public Facilities Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Rhode Island Student Loan Authority</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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          <maturityDt>2022-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>St Louis County Industrial Development Authority</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Mississippi State University Educational Building Corp.</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Newark Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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      <invstOrSec>
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        <name>Syracuse Industrial Development Agency</name>
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          <isin value="US87172NAW83"/>
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        <name>Massachusetts Port Authority</name>
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          <isin value="US575898CU32"/>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04109HBG83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>Maricopa County Industrial Development Authority</name>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Brooklyn Arena Local Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Mohegan Tribal Finance Authority</name>
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          <maturityDt>2045-02-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Massachusetts Port Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Reading School District</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>Massachusetts Port Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Chicago Midway International Airport</name>
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      <invstOrSec>
        <name>Development Authority of Burke County (The)</name>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Chicago IL</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>City of Atlanta GA Department of Aviation</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>Dallas-Fort Worth International Airport</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>County of Luzerne PA</name>
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        <name>State Public School Building Authority</name>
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        <name>Capital Region Community Development District</name>
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        <name>City of New York NY</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <maturityDt>2030-04-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US04109KFX00"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2046-04-01</maturityDt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Chester County Industrial Development Authority</name>
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          <maturityDt>2051-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US74442EBB56"/>
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          <maturityDt>2045-03-01</maturityDt>
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        <name>City of Chicago IL</name>
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        <name>Public Finance Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Texas Transportation Commission</name>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>Collier County Industrial Development Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BAM63"/>
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        <name>South Carolina Public Service Authority</name>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority</title>
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          <isin value="US34073TKV88"/>
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        <valUSD>604461.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Pittsburgh Water &amp; Sewer Authority</name>
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          <isin value="US725304VE61"/>
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        <curCd>USD</curCd>
        <valUSD>759388.25000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County Industrial Development Authority</title>
        <cusip>08451PAK7</cusip>
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          <isin value="US08451PAK75"/>
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        <curCd>USD</curCd>
        <valUSD>1216193.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Ports Authority</name>
        <lei>5493001YXW15H9J1M026</lei>
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          <isin value="US837123KB36"/>
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        <balance>3405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3835426.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northeastern Pennsylvania Hospital &amp; Education Authority</name>
        <lei>N/A</lei>
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        <cusip>664551CS5</cusip>
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          <isin value="US664551CS51"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>721806.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</title>
        <cusip>745272EL4</cusip>
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          <isin value="US745272EL44"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29995.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority</title>
        <cusip>91754TYA5</cusip>
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          <isin value="US91754TYA59"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353077.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp.</title>
        <cusip>12008ELT1</cusip>
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          <isin value="US12008ELT19"/>
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        <balance>5830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6628884.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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          <isin value="US65830UAC62"/>
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        <balance>1195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1351389.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana State Citizens Property Insurance Corp.</name>
        <lei>N/A</lei>
        <title>Louisiana State Citizens Property Insurance Corp.</title>
        <cusip>546456DW1</cusip>
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          <isin value="US546456DW18"/>
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        <balance>1470000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Grays Harbor County Public Hospital District No. 2</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Miami Beach Health Facilities Authority</name>
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        <title>Miami Beach Health Facilities Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Park Creek Metropolitan District</name>
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          <isin value="US700387EH21"/>
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        <name>California School Finance Authority</name>
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          <isin value="US13059QAC96"/>
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          <maturityDt>2020-07-15</maturityDt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45203KAQ85"/>
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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 Authority</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Chicago Board of Education</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>West Shore Area Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>University of South Carolina</name>
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        <name>Montgomery County Industrial Development Authority PA</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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      <invstOrSec>
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          <isin value="US130178F508"/>
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      <invstOrSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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          <isin value="US207758MC49"/>
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        <curCd>USD</curCd>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sedgwick County Unified School District No. 266 Maize</name>
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          <isin value="US815670NC43"/>
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        <valUSD>1326047.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Convention Center District Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Lowndes MS</name>
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          <maturityDt>2022-04-01</maturityDt>
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        <name>Del Webb Bexley Community Development District</name>
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          <annualizedRt>5.30000000</annualizedRt>
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        <name>Reading School District</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>FHLMC</name>
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        <name>MFS Institutional Money Market Portfolio</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <name>Overland Park Development Corp.</name>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>City of Atlantic City NJ</name>
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        <name>West Rankin Utility Authority</name>
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          <maturityDt>2035-07-15</maturityDt>
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          <isin value="US958365BA54"/>
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          <maturityDt>2032-12-01</maturityDt>
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        <name>University of North Carolina at Chapel Hill</name>
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          <maturityDt>2049-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of San Antonio TX Airport System</name>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Homestead 50 Community Development District</name>
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        <name>California Municipal Finance Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Public Finance Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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          <maturityDt>2043-11-15</maturityDt>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
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          <maturityDt>2020-07-01</maturityDt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BCQ59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vauxmont Metropolitan District</name>
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          <isin value="US92242SAJ24"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74443UAD54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
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        <name>Louisiana Housing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>Chicago Board of Education</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Vauxmont Metropolitan District</name>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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          <maturityDt>2027-05-01</maturityDt>
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        <name>Riverside County Transportation Commission</name>
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        <name>East Hempfield Township Industrial Development Authority</name>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>Montgomery County Higher Education &amp; Health Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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      <invstOrSec>
        <name>Educational Enhancement Funding Corp.</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Midtown Miami Community Development District</name>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>Rhode Island Student Loan Authority</name>
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          <maturityDt>2022-12-01</maturityDt>
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        <name>Massachusetts Bay Transportation Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Park Creek Metropolitan District</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Wayne County Airport Authority</name>
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        <name>Wayne County Airport Authority</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>Public Finance Authority</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>West Virginia Housing Development Fund</name>
        <lei>N/A</lei>
        <title>West Virginia Housing Development Fund</title>
        <cusip>95662M5H9</cusip>
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          <isin value="US95662M5H96"/>
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        <curCd>USD</curCd>
        <valUSD>644930.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
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          <isin value="US45528UD991"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6238350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Embrey Mill Community Development Authority</name>
        <lei>N/A</lei>
        <title>Embrey Mill Community Development Authority</title>
        <cusip>29081TAC1</cusip>
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          <isin value="US29081TAC18"/>
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        <balance>2120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2283346.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
        <title>Tennessee Housing Development Agency</title>
        <cusip>880461VZ8</cusip>
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          <isin value="US880461VZ84"/>
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        <balance>2920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3199239.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
        <lei>N/A</lei>
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        <cusip>592643DH0</cusip>
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          <isin value="US592643DH07"/>
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        <balance>5770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6331132.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QU75</cusip>
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          <isin value="US74526QU751"/>
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        <balance>5215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3950362.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
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        <cusip>745220FP3</cusip>
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          <isin value="US745220FP34"/>
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        <balance>7335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7994269.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
        <cusip>49126KKC4</cusip>
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          <isin value="US49126KKC44"/>
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        <balance>2530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2895129.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</title>
        <cusip>745272EX8</cusip>
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          <isin value="US745272EX81"/>
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        <curCd>USD</curCd>
        <valUSD>534164.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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          <isin value="US725304VD88"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>995010.00000000</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>5.00000000</annualizedRt>
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        <name>State of Nevada Department of Business &amp; Industry</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57583U7C62"/>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California School Finance Authority</name>
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        <name>Oxnard Financing Authority</name>
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          <isin value="US691878BT84"/>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-02-01</maturityDt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
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          <isin value="US64542PAU93"/>
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        <balance>955000.00000000</balance>
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        <name>Massachusetts Port Authority</name>
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        <name>Toll Road Investors Partnership II LP</name>
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          <maturityDt>2026-02-15</maturityDt>
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        <name>Collier County Educational Facilities Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
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          <maturityDt>2034-01-01</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Offshore Terminal Authority</name>
        <lei>N/A</lei>
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        <name>City of Wichita KS</name>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>Massachusetts Educational Financing Authority</name>
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        <balance>830000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.70000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Wayne County Airport Authority</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Housing &amp; Redevelopment Authority of The City of St Paul Minnesota</name>
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        <name>TSASC, Inc. NY</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-09-21</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Colorado Housing &amp; Finance Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
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          <isin value="US7451903P13"/>
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        <curCd>USD</curCd>
        <valUSD>374573.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Fulton GA Water &amp; Sewerage Revenue</name>
        <lei>N/A</lei>
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          <isin value="US360066MY70"/>
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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>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority</title>
        <cusip>9277817N8</cusip>
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          <isin value="US9277817N82"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>887984.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Housing Development Fund</name>
        <lei>N/A</lei>
        <title>West Virginia Housing Development Fund</title>
        <cusip>95662M5G1</cusip>
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          <isin value="US95662M5G14"/>
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        <balance>640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>683283.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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          <isin value="US167486ZY84"/>
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        <balance>3755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4507577.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Marshall Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Marshall Creek Community Development District</title>
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          <isin value="US57231NAF78"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520780.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>City of Atlantic City NJ</name>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cuyahoga OH</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-02-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Oklahoma Development Finance Authority</name>
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          <maturityDt>2033-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CL89"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <title>Harris County Cultural Education Facilities Finance Corp.</title>
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        <name>School District of Philadelphia (The)</name>
        <lei>254900HSKDHZKBZCUL90</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Regional Transportation District Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>Regional Transportation District Sales Tax Revenue</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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      <invstOrSec>
        <name>Halifax Hospital Medical Center</name>
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        <name>Oklahoma Development Finance Authority</name>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Armstrong School District</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>Illinois Sports Facilities Authority (The)</name>
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          <maturityDt>2042-08-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>County of Luzerne PA</name>
        <lei>5493001Z1Y4QDISEER29</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Irving TX</name>
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          <isin value="US463805DK42"/>
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        <curCd>USD</curCd>
        <valUSD>514209.15000000</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>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <isin value="US71885FDU84"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>908149.20000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063C4R88"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6147650.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Nevada Department of Business &amp; Industry</name>
        <lei>N/A</lei>
        <title>State of Nevada Department of Business &amp; Industry</title>
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          <isin value="US25459JAF84"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1799910.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.47000100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
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          <isin value="US64542RDA68"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>963557.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PAV7</cusip>
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          <isin value="US74442PAV76"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235732.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Public Buildings Authority</title>
        <cusip>745235B75</cusip>
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          <isin value="US745235B759"/>
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        <balance>4660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4921845.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>Oklahoma Development Finance Authority</title>
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          <isin value="US67884XCH89"/>
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        <balance>1140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1347274.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <balance>850000.00000000</balance>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>County of Luzerne PA</name>
        <lei>5493001Z1Y4QDISEER29</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-12-15</maturityDt>
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      <invstOrSec>
        <name>Hammond Multi-School Building Corp.</name>
        <lei>N/A</lei>
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        <name>Lexington County Health Services District, Inc.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia (The)</name>
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        <invCountry>US</invCountry>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
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        <balance>16340000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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          <isin value="US462466EY54"/>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>Madison County Community Unit School District No. 7 Edwardsville</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US65857PAC59"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Point Industrial Development Authority</name>
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          <maturityDt>2020-03-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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        <name>Chicago Transit Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>North Carolina Turnpike Authority</name>
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          <maturityDt>2035-12-15</maturityDt>
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        <name>Massachusetts State College Building Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>City of Hutchinson KS</name>
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        <name>State of Hawaii</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Peninsula Town Center Community Development Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>Maryland Community Development Administration</name>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>University of South Carolina</name>
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        <name>Maricopa County Industrial Development Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Railsplitter Tobacco Settlement Authority</name>
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          <isin value="US75076PAT21"/>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Mortgage Finance Authority</name>
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          <isin value="US647201CH38"/>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Indiana Housing &amp; Community Development Authority</name>
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          <maturityDt>2048-07-01</maturityDt>
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        <name>West Virginia Hospital Finance Authority</name>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Regional Transportation District</name>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Oceanside Unified School District CA</name>
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          <maturityDt>2027-08-01</maturityDt>
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        <name>Gainesville &amp; Hall County Hospital Authority</name>
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          <maturityDt>2045-02-15</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Kansas City Land Clearance Redevelopment Authority</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Doylestown Hospital Authority</name>
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        <name>Michigan Finance Authority</name>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Bucks County Industrial Development 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>Americus &amp; Sumter County Hospital Authority</name>
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        <name>City of Atlantic City NJ</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>North Carolina Medical Care Commission</name>
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      <invstOrSec>
        <name>City of Rock Hill SC Combined Utility System Revenue</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tulsa Airports Improvement Trust</name>
        <lei>N/A</lei>
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          <isin value="US899661EK49"/>
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        <curCd>USD</curCd>
        <valUSD>1578729.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Orleans Aviation Board</name>
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          <isin value="US64763KAJ79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49126KGV70"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <isin value="US882667AG31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QZC94"/>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>School District of Philadelphia (The)</name>
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        <valUSD>462134.75000000</valUSD>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49127KBV17"/>
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          <maturityDt>2045-12-01</maturityDt>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Howard MD</name>
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        <name>City of Chicago IL</name>
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        <name>Public Finance Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Indianapolis Department of Public Utilities Water System Revenue</name>
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        <name>City of Rockville MD</name>
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      <invstOrSec>
        <name>La Paz County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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          <isin value="US57422KBL89"/>
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        <name>Main Street Natural Gas, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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      <invstOrSec>
        <name>City of Long Beach CA Marina System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Jersey Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>Texas Transportation Commission</name>
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          <isin value="US88283NAJ19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Inland Valley Development Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Lyon County Unified School District No. 253 Emporia</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>State of Illinois</name>
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        <name>Northeast Ohio Regional Sewer District</name>
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      <invstOrSec>
        <name>County of Columbia GA Water &amp; Sewerage Revenue</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>City of Oroville CA</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>State of California</name>
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          <maturityDt>2045-04-01</maturityDt>
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        <name>Capital Region Community Development District</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>Kansas City Land Clearance Redevelopment Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Northeastern Pennsylvania Hospital &amp; Education Authority</name>
        <lei>N/A</lei>
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          <isin value="US664556CD79"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204EFB92"/>
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        <curCd>USD</curCd>
        <valUSD>1227064.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>452017AS5</cusip>
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          <isin value="US452017AS51"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>627884.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
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          <isin value="US14760RAT86"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617615.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Detroit MI Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>City of Detroit MI Sewage Disposal System Revenue</title>
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          <isin value="US251250AG16"/>
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        <balance>1725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1756878.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712D2D7</cusip>
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          <isin value="US97712D2D77"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450989.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
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          <isin value="US97712DX844"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186562.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45202QCC5</cusip>
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          <isin value="US45202QCC50"/>
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        <balance>4210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4445844.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45203KAP03"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1096845.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BEU4</cusip>
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          <isin value="US04052BEU44"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2134567.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
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        <cusip>3494603X1</cusip>
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          <isin value="US3494603X10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
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          <isin value="US745235J935"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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          <isin value="US162410CY83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
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        <name>Park Creek Metropolitan District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QK844"/>
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        <invCountry>PR</invCountry>

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          <maturityDt>2021-07-01</maturityDt>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US70917S4F77"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Columbia GA Water &amp; Sewerage Revenue</name>
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          <isin value="US197493TJ89"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lehigh County Authority</name>
        <lei>N/A</lei>
        <title>Lehigh County Authority</title>
        <cusip>524803AW3</cusip>
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        <name>Golden State Tobacco Securitization Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578CBW01"/>
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        <curCd>USD</curCd>
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          <maturityDt>2030-11-15</maturityDt>
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      <invstOrSec>
        <name>Alachua County Health Facilities Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mobile AL</name>
        <lei>N/A</lei>
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          <isin value="US6071142L80"/>
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        <balance>3130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3814405.80000000</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>2030-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Maine State Housing Authority</name>
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          <isin value="US56052E8G68"/>
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        <curCd>USD</curCd>
        <valUSD>2372744.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <isin value="US71885DEE85"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BAL9</cusip>
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          <isin value="US79467BAL99"/>
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        <balance>155000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Development Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Transportation Commission</name>
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          <couponKind>None</couponKind>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Iowa Finance Authority</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Regional Transportation District Sales Tax Revenue</name>
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        <name>Illinois Finance Authority</name>
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        <name>Toll Road Investors Partnership II LP</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>West Rankin Utility Authority</name>
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      <invstOrSec>
        <name>University of Kansas Hospital Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
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      <invstOrSec>
        <name>County of Harrison WV</name>
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        <name>Tulsa Airports Improvement Trust</name>
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        <name>Massachusetts Development Finance Agency</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Massachusetts Port Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <invCountry>PR</invCountry>

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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>TSASC, Inc. NY</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Railsplitter Tobacco Settlement Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Fairfax County Redevelopment &amp; Housing Authority</name>
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        <name>California School Finance Authority</name>
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          <isin value="US13059TBU25"/>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Illinois Sports Facilities Authority (The)</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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          <maturityDt>2041-10-01</maturityDt>
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        <name>Dallas Area Municipal Authority</name>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago O'Hare International Airport</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>City of Coffeyville KS Electric System Revenue</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Illinois Finance Authority</name>
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        <name>Downriver Utility Wastewater Authority</name>
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        <name>Alabama Special Care Facilities Financing Authority-Birmingham AL</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of Irving TX</name>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Howard MD</name>
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        <valUSD>158245.50000000</valUSD>
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          <maturityDt>2034-02-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>King George County Economic Development Authority</name>
        <lei>N/A</lei>
        <title>King George County Economic Development Authority</title>
        <cusip>49548YAC5</cusip>
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          <isin value="US49548YAC57"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204ERK63"/>
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        <curCd>USD</curCd>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Halifax Hospital Medical Center</name>
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          <isin value="US405815LG47"/>
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        <balance>585000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maryland Community Development Administration</name>
        <lei>N/A</lei>
        <title>Maryland Community Development Administration</title>
        <cusip>57419TDA6</cusip>
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          <isin value="US57419TDA60"/>
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        <balance>355000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Salt Lake City Corp. Airport Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <maturityDt>2044-10-01</maturityDt>
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        <name>Sumter County Industrial Development Authority FL</name>
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        <title>Sumter County Industrial Development Authority</title>
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        <name>Tennessee Energy Acquisition Corp.</name>
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          <maturityDt>2022-09-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Tobacco Settlement Financing Corp.</name>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>St Johns County Industrial Development Authority</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Indiana Finance Authority</name>
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        <name>San Mateo County Community College District</name>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Montgomery County Higher Education &amp; Health Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204EFC75"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
        <lei>549300YXWQEI0S47WI02</lei>
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          <isin value="US91743PCX15"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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          <isin value="US3735414E83"/>
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        <balance>3065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3376710.50000000</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>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</title>
        <cusip>592029AD4</cusip>
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          <isin value="US592029AD40"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>269014.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <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</title>
        <cusip>59447TFE8</cusip>
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          <isin value="US59447TFE82"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>926264.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US646136E316"/>
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        <balance>2360000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Miami-Dade County Health Facilities Authority</title>
        <cusip>59334NED0</cusip>
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          <isin value="US59334NED03"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609857.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>Missouri Housing Development Commission</title>
        <cusip>60637BGC8</cusip>
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          <isin value="US60637BGC81"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>795560.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Detroit MI Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>City of Detroit MI Sewage Disposal System Revenue</title>
        <cusip>251250AR7</cusip>
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          <isin value="US251250AR70"/>
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        <balance>5920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6393067.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Detroit MI Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>City of Detroit MI Water Supply System Revenue</title>
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        <balance>295000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US165588DP66"/>
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        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
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        <name>California Educational Facilities Authority</name>
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          <isin value="US130179NJ95"/>
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        <name>Vauxmont Metropolitan District</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Commonwealth of Puerto Rico</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Vauxmont Metropolitan District</name>
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          <isin value="US92242SAY90"/>
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          <maturityDt>2030-12-01</maturityDt>
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      <invstOrSec>
        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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          <isin value="US605360RX69"/>
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          <maturityDt>2022-09-01</maturityDt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136WJ67"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lancaster Port Authority</name>
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          <maturityDt>2049-08-01</maturityDt>
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        <name>County of Jefferson AL Sewer Revenue</name>
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          <maturityDt>2021-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>North Carolina Medical Care Commission</name>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Charles City County Economic Development Authority</name>
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        <name>Bellalago Educational Facilities Benefit District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <name>City of Wichita KS</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>University of Texas System (The)</name>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US5463988B71"/>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US452017AR78"/>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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          <maturityDt>2054-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Public Finance Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Northeastern Pennsylvania Hospital &amp; Education Authority</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Chicago O'Hare International Airport</name>
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        <name>Public Finance Authority</name>
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        <name>Overland Park Development Corp.</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Hammond Multi-School Building Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grays Harbor County Public Hospital District No. 2</name>
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        <name>San Juan Higher Education Finance Authority</name>
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      <invstOrSec>
        <name>Overland Park Development Corp.</name>
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      <invstOrSec>
        <name>City of Austin TX Water &amp; Wastewater System Revenue</name>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Vermont Housing Finance Agency</name>
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        <name>Indiana Development Finance Authority</name>
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        <name>City of Valparaiso IN</name>
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        <name>St Johns County Industrial Development Authority</name>
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        <name>City of Reno NV</name>
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        <name>Duluth Economic Development Authority</name>
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          <maturityDt>2048-02-15</maturityDt>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>City of Austin TX Airport System Revenue</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>State of Nevada Department of Business &amp; Industry</name>
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        <name>Redevelopment Authority of The County of Washington</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>City of Baltimore MD</name>
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      <invstOrSec>
        <name>California Community College Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US13012EW469"/>
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        <issuerCat>MUN</issuerCat>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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          <isin value="US544445EL92"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cumberland County Municipal Authority</name>
        <lei>N/A</lei>
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          <isin value="US230614HB84"/>
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        <debtSec>
          <maturityDt>2022-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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          <isin value="US499527CG24"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712D4D59"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Hempfield Township Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>East Hempfield Township Industrial Development Authority</title>
        <cusip>273007BE3</cusip>
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          <isin value="US273007BE33"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284949.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Public Buildings Authority</title>
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          <isin value="US745235K677"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>355946.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Sports Facilities Authority (The)</name>
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          <isin value="US452143FP07"/>
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        <balance>610000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chester County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-15</maturityDt>
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        <name>Allegheny County Hospital Development Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kansas City Land Clearance Redevelopment Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Health Facilities Authority</name>
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          <maturityDt>2043-11-15</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>Chicago Board of Education</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Bellalago Educational Facilities Benefit District</name>
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        <name>Oklahoma County Home Finance Authority</name>
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        <name>Metropolitan District (The)</name>
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          <isin value="US645918Z974"/>
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          <maturityDt>2031-01-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Southeastern Ohio Port Authority</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>Oceanside Unified School District CA</name>
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        <name>Indiana Finance Authority</name>
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        <name>San Diego County Regional Airport Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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      <invstOrSec>
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        <name>Southeastern Ohio Port Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Michigan Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>Delaware State Economic Development Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>State Public School Building Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>Virginia Commonwealth University Health System Authority</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Northern Hospital District of Surry County</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
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        <name>West Virginia Water Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Glendale Industrial Development Authority</name>
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        <name>Alachua County Health Facilities Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Chicago Board of Education</name>
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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>University of Colorado</name>
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          <maturityDt>2032-11-01</maturityDt>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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          <maturityDt>2036-08-01</maturityDt>
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        <name>Texas Public Finance Authority</name>
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          <isin value="US8827566Z76"/>
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        <name>City of Chicago IL</name>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>Bibb County Development Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Texas State University System</name>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Nevada Department of Business &amp; Industry</name>
        <lei>N/A</lei>
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          <isin value="US25490LAG23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-15</maturityDt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JQC26"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MTA Hudson Rail Yards Trust Obligations</name>
        <lei>N/A</lei>
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          <isin value="US62476RAA32"/>
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        <balance>7005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7017258.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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          <isin value="US745272EN00"/>
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        <curCd>USD</curCd>
        <valUSD>818401.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
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          <isin value="US64966TFJ88"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
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          <isin value="US05921PCG28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Henrico County Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US426063JW46"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4598228.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.51800100</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SWD25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <balance>1310000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Main Street Natural Gas, Inc.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-03-15</maturityDt>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Escondido Union High School District</name>
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        <title>Escondido Union High School District</title>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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          <maturityDt>2020-04-15</maturityDt>
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        <name>Duluth Independent School District No. 709</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>DeKalb County Hospital Authority GA</name>
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      <invstOrSec>
        <name>State of Washington</name>
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          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
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          <isin value="US130536LT02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.49999800</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116CQ76"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Howard MD</name>
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          <isin value="US442599AG11"/>
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        <curCd>USD</curCd>
        <valUSD>1167200.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74443UAZ66"/>
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        <curCd>USD</curCd>
        <valUSD>1114220.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Village of Bridgeview IL</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.14000000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii State Highway Fund</name>
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          <isin value="US41981CKD10"/>
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        <balance>1380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1478463.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Romeoville IL</name>
        <lei>N/A</lei>
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          <isin value="US77615NAY04"/>
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        <balance>1390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1515405.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QPM86"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645RWC14"/>
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        <valUSD>808583.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JQD09"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Kansas City Industrial Development Authority</name>
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          <isin value="US48504NBD03"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Peninsula Town Center Community Development Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Overland Park Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US690278CE47"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-03-01</maturityDt>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sumter County Industrial Development Authority FL</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>St Louis County Industrial Development Authority</name>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Madison County Community Unit School District No. 7 Edwardsville</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>University of South Carolina</name>
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          <isin value="US914849HJ66"/>
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        <name>Newark Higher Education Finance Corp.</name>
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          <isin value="US650346CW70"/>
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        <name>Travis County Health Facilities Development Corp.</name>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>Massachusetts Port Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Oregon Health &amp; Science University</name>
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        <name>Florida Housing Finance Corp.</name>
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        <name>California Housing Finance</name>
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        <name>University of North Alabama</name>
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          <isin value="US13048T7N76"/>
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        <name>Philadelphia Authority for Industrial Development</name>
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      <invstOrSec>
        <name>Maryland Community Development Administration</name>
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          <maturityDt>2026-09-01</maturityDt>
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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</title>
        <cusip>455057R68</cusip>
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          <isin value="US455057R688"/>
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        <curCd>USD</curCd>
        <valUSD>4319560.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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        <cusip>167510AF3</cusip>
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          <isin value="US167510AF37"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>308696.40000000</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>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority</title>
        <cusip>91754TYB3</cusip>
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          <isin value="US91754TYB33"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312101.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <cusip>79766DRV3</cusip>
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          <isin value="US79766DRV37"/>
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        <curCd>USD</curCd>
        <valUSD>5468961.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Ports Authority</name>
        <lei>5493001YXW15H9J1M026</lei>
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        <cusip>837123KG2</cusip>
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          <isin value="US837123KG23"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9610160.00000000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</title>
        <cusip>546282H72</cusip>
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          <isin value="US546282H726"/>
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        <balance>2240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2508553.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US20282EAP16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Central University</name>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Houston Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Houston Industrial Development Corp.</title>
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          <isin value="US442406AD66"/>
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          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Summit County Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Summit County Development Finance Authority</title>
        <cusip>86606KAU6</cusip>
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          <isin value="US86606KAU60"/>
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          <maturityDt>2040-05-15</maturityDt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BCR3</cusip>
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          <isin value="US04052BCR33"/>
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        <name>California Public Finance Authority</name>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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        <valUSD>245578.20000000</valUSD>
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          <maturityDt>2030-01-01</maturityDt>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461362B62"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US452017AT35"/>
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        <curCd>USD</curCd>
        <valUSD>500299.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2051-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
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          <isin value="US575896KA20"/>
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        <curCd>USD</curCd>
        <valUSD>507581.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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          <isin value="US167593LQ31"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>State of Hawaii State Highway Fund</name>
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          <maturityDt>2032-01-01</maturityDt>
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        <name>Vermont Student Assistance Corp.</name>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>University of Massachusetts Building Authority</name>
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          <maturityDt>2036-11-01</maturityDt>
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        <name>Puerto Rico Convention Center District Authority</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <invCountry>US</invCountry>
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        <name>City of Chicago IL</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Salt Verde Financial Corp.</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Arborwood Community Development District</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>New York City Water &amp; Sewer System</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Los Angeles County Regional Financing Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Martin County Health Facilities Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
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          <isin value="US462466EZ20"/>
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        <balance>1085000.00000000</balance>
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        <valUSD>1212020.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority</title>
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          <isin value="US45204E3H97"/>
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        <curCd>USD</curCd>
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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>2035-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US649519BP99"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2456377.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45506DKC8</cusip>
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          <isin value="US45506DKC82"/>
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        <balance>2840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3203491.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nebraska Investment Finance Authority</name>
        <lei>549300OIIXIM3SRZWK33</lei>
        <title>Nebraska Investment Finance Authority</title>
        <cusip>63968MJN0</cusip>
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          <isin value="US63968MJN02"/>
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        <balance>1335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1404219.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645R8C87"/>
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        <curCd>USD</curCd>
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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>2048-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
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        <cusip>20775B3U8</cusip>
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          <isin value="US20775B3U86"/>
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        <balance>1080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1116428.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Claiborne County Industrial Development Board</name>
        <lei>N/A</lei>
        <title>Claiborne County Industrial Development Board</title>
        <cusip>179475BD9</cusip>
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          <isin value="US179475BD93"/>
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        <curCd>USD</curCd>
        <valUSD>3077100.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <curCd>USD</curCd>
        <valUSD>5867676.60000000</valUSD>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Syracuse Industrial Development Agency</name>
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        <curCd>USD</curCd>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <lei>N/A</lei>
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        <balance>545000.00000000</balance>
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        <valUSD>573258.25000000</valUSD>
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        <invCountry>GU</invCountry>

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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
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        <name>City of Atlantic City NJ</name>
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          <isin value="US048339VH56"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <cusip>59447TPP2</cusip>
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        <balance>2000000.00000000</balance>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Irving Hospital Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758MD22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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          <isin value="US13033LVV60"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990CQA26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Detroit Downtown Development Authority</name>
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          <isin value="US251135GR42"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QM337"/>
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        <balance>2730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2074800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
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          <isin value="US14760RAR21"/>
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        <curCd>USD</curCd>
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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>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645RWF45"/>
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        <balance>195000.00000000</balance>
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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>2029-01-15</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506DQZ14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>California Municipal Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Toll Road Investors Partnership II LP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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        <name>City of Irving TX</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Central Plains Energy Project</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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        <name>Monongalia County Board of Education</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204E4Y12"/>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QLR10"/>
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        <name>California Public Finance Authority</name>
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          <isin value="US13057EAL83"/>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>City of Arlington TX Special Tax Revenue</name>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <name>City of Providence RI</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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          <maturityDt>2051-07-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>City of Wichita KS</name>
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        <name>Kentucky Public Energy Authority</name>
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        <name>City of Chicago IL</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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        <name>City of Chicago IL</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>TSASC, Inc. NY</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Michigan Finance Authority</name>
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          <isin value="US74443UAE38"/>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Southeastern Ohio Port Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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        <name>Chicago Board of Education</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2038-03-15</maturityDt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DDY58"/>
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        <curCd>USD</curCd>
        <valUSD>1563668.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Puerto Rico</name>
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          <isin value="US74514LGL53"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252HP77"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5549250.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</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>
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          <isin value="US59447PZA29"/>
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        <curCd>USD</curCd>
        <valUSD>481954.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>49126KGW5</cusip>
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          <isin value="US49126KGW53"/>
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        <curCd>USD</curCd>
        <valUSD>5616765.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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          <isin value="US64461XAF24"/>
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        <curCd>USD</curCd>
        <valUSD>1876549.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Hospital Finance Authority</title>
        <cusip>956622XQ2</cusip>
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          <isin value="US956622XQ20"/>
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        <balance>2110000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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</title>
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        <curCd>USD</curCd>
        <valUSD>15436980.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cumberland County Municipal Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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        <cusip>649519DA0</cusip>
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          <isin value="US649519DA03"/>
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        <valUSD>17688085.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>City of Houston TX Airport System Revenue</name>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>County of Broward FL Airport System Revenue</name>
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        <name>Port of Seattle WA</name>
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        <name>State of Illinois</name>
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        <name>Chicago Board of Education</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Mississippi Home Corp.</name>
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        <name>Halifax Hospital Medical Center</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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          <isin value="US041806WN64"/>
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        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FLM40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
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        <cusip>88034NTW4</cusip>
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          <isin value="US88034NTW47"/>
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          <maturityDt>2048-09-01</maturityDt>
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          <maturityDt>2049-02-15</maturityDt>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Kentucky Higher Education Student Loan Corp.</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Chicago Board of Education</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <name>Utah Housing Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>City of Chicago IL</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JRK33"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>4.53600000</annualizedRt>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
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          <maturityDt>2043-02-15</maturityDt>
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      <invstOrSec>
        <name>Parish of St Charles LA</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999900</annualizedRt>
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      <invstOrSec>
        <name>St Louis County Industrial Development Authority</name>
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          <isin value="US79130GHJ31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BCS16"/>
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        <curCd>USD</curCd>
        <valUSD>460585.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
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          <isin value="US745220EQ26"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04109FAP36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
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        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49126KLA78"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>County of Luzerne PA</name>
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        <name>Public Finance Authority</name>
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        <name>City of Dallas TX Waterworks &amp; Sewer System Revenue</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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      <invstOrSec>
        <name>State of Nevada Department of Business &amp; Industry</name>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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          <maturityDt>2033-06-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2022-12-01</maturityDt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
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        <name>County of Prince George's MD</name>
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        <name>Village of Romeoville IL</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>West Shore Area Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>University of South Alabama</name>
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        <name>Arizona Industrial Development Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US26444CHB19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Philadelphia Authority for Industrial Development</name>
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          <isin value="US71781XAJ28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority</title>
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          <isin value="US45203KAN54"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>558727.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philadelphia Authority for Industrial Development</name>
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          <isin value="US717824AP12"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>629901.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cumberland County Municipal Authority</name>
        <lei>N/A</lei>
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          <isin value="US230614FH72"/>
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        <curCd>USD</curCd>
        <valUSD>715000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SSG02"/>
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        <balance>3930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4240548.60000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Red River Education Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US756870BE07"/>
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        <balance>4380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4970905.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
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          <isin value="US452152JN29"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>446730.25000000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712DL799"/>
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        <curCd>USD</curCd>
        <valUSD>2676659.20000000</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>2050-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204EVP05"/>
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          <maturityDt>2046-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Luzerne PA</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Gas Works Co.</name>
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          <maturityDt>2033-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Southern Mississippi (The)</name>
        <lei>N/A</lei>
        <title>University of Southern Mississippi (The)</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052TAV7</cusip>
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          <isin value="US04052TAV70"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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        <balance>765000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Georgia Housing &amp; Finance Authority</name>
        <lei>549300I628IMF9PWV724</lei>
        <title>Georgia Housing &amp; Finance Authority</title>
        <cusip>3735396T7</cusip>
        <identifiers>
          <isin value="US3735396T70"/>
        </identifiers>
        <balance>2995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3199109.25000000</valUSD>
        <pctVal>0.068076255928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</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>Ohio Air Quality Development Authority</name>
        <lei>549300DZUU80AYOR6M80</lei>
        <title>Ohio Air Quality Development Authority</title>
        <cusip>677525WN3</cusip>
        <identifiers>
          <isin value="US677525WN32"/>
        </identifiers>
        <balance>8400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8439732.00000000</valUSD>
        <pctVal>0.179595415692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.09999900</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>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp.</title>
        <cusip>87638TEV1</cusip>
        <identifiers>
          <isin value="US87638TEV17"/>
        </identifiers>
        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>848514.35000000</valUSD>
        <pctVal>0.018056176121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi</title>
        <cusip>605581HW0</cusip>
        <identifiers>
          <isin value="US605581HW08"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3035975.00000000</valUSD>
        <pctVal>0.064604799317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>School District of Philadelphia (The)</name>
        <lei>254900HSKDHZKBZCUL90</lei>
        <title>School District of Philadelphia (The)</title>
        <cusip>717883VF6</cusip>
        <identifiers>
          <isin value="US717883VF66"/>
        </identifiers>
        <balance>385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>460744.90000000</valUSD>
        <pctVal>0.009804537850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</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>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority</title>
        <cusip>5946536J1</cusip>
        <identifiers>
          <isin value="US5946536J17"/>
        </identifiers>
        <balance>1105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1166371.70000000</valUSD>
        <pctVal>0.024820102144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</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>Industrial Development Authority of the City of Phoenix (The)</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Industrial Development Authority of the City of Phoenix (The)</title>
        <cusip>71885FFG7</cusip>
        <identifiers>
          <isin value="US71885FFG72"/>
        </identifiers>
        <balance>610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>656866.30000000</valUSD>
        <pctVal>0.013977952878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</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>County of Columbia GA Water &amp; Sewerage Revenue</name>
        <lei>N/A</lei>
        <title>County of Columbia GA Water &amp; Sewerage Revenue</title>
        <cusip>197493TH2</cusip>
        <identifiers>
          <isin value="US197493TH24"/>
        </identifiers>
        <balance>1380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1780296.60000000</valUSD>
        <pctVal>0.037884272620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Reno NV</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno</title>
        <cusip>759861EF0</cusip>
        <identifiers>
          <isin value="US759861EF08"/>
        </identifiers>
        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>137588.30000000</valUSD>
        <pctVal>0.002927845094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SML5</cusip>
        <identifiers>
          <isin value="US13080SML50"/>
        </identifiers>
        <balance>990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1112185.80000000</valUSD>
        <pctVal>0.023667039555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</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>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DLJ5</cusip>
        <identifiers>
          <isin value="US13063DLJ53"/>
        </identifiers>
        <balance>3180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4266733.20000000</valUSD>
        <pctVal>0.090795030304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="All applicable monthly total returns are reported excluding any sales loads or redemption fees for Item B.5." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Municipal Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Kasey Phillips</ncom:signature>
      <ncom:signerName>Kasey Phillips</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
