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      <invstOrSec>
        <name>County of Washoe NV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.04999800</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151FZC75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>State of Hawaii</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-12-01</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="US74526QQ544"/>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
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          <isin value="US60637BSQ40"/>
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          <maturityDt>2049-05-01</maturityDt>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Northern Hospital District of Surry County</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Overland Park Development Corp.</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
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          <isin value="US79467BCR42"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Brunswick MD</name>
        <lei>N/A</lei>
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          <isin value="US117250AD20"/>
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        <curCd>USD</curCd>
        <valUSD>380220.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592250CH51"/>
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        <balance>4550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4692415.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority</title>
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          <isin value="US118217CR71"/>
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        <curCd>USD</curCd>
        <valUSD>575505.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13059QAB14"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461363Q23"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
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      <invstOrSec>
        <name>California Housing Finance</name>
        <lei>549300BOPCVLBA552Z14</lei>
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          <isin value="US13033DAC92"/>
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        <curCd>USD</curCd>
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          <maturityDt>2033-03-20</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Collier County Industrial Development Authority</name>
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          <isin value="US194638AK80"/>
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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>2049-05-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dallas TX Waterworks &amp; Sewer System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Air Quality Development Authority</name>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Harrison WV</name>
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          <maturityDt>2037-10-15</maturityDt>
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        <name>Albuquerque Bernalillo County Water Utility Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US646136EU15"/>
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          <maturityDt>2031-12-15</maturityDt>
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        <name>County of Osceola FL Transportation Revenue</name>
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          <maturityDt>2036-10-01</maturityDt>
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        <name>Summit County Development Finance Authority</name>
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          <isin value="US86606KAU60"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-05-15</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
        <lei>549300BJRX2FHSSZP042</lei>
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          <isin value="US19645R7A31"/>
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        <balance>305000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Port of Seattle WA</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>City of Tampa FL</name>
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        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CMH42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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          <isin value="US825485XQ31"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Irving TX</name>
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          <maturityDt>2043-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04084RCA77"/>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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          <maturityDt>2048-05-01</maturityDt>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>Lakewood Ranch Stewardship District</name>
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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>2025-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Pinellas FL Sewer Revenue</name>
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        <name>Massachusetts Port Authority</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts Transportation Fund Revenue</name>
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      <invstOrSec>
        <name>Norman Regional Hospital Authority</name>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade County Housing Finance Authority</name>
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          <isin value="US593344AX26"/>
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          <maturityDt>2023-04-01</maturityDt>
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        <name>Ohio Air Quality Development Authority</name>
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          <isin value="US67754AAE47"/>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>Embrey Mill Community Development Authority</name>
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      <invstOrSec>
        <name>Railsplitter Tobacco Settlement Authority</name>
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          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>New Jersey Economic Development 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>2020-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Detroit City School District</name>
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          <maturityDt>2030-05-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>Georgia Housing &amp; Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Collier County Industrial Development Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JQE81"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NEX84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506DGX75"/>
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        <curCd>USD</curCd>
        <valUSD>2345030.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
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        <title>State of Mississippi</title>
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          <isin value="US605581HV25"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3097150.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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          <isin value="US57422KBM62"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454041.50000000</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>2048-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <isin value="US71885FDN42"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493923.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
        <lei>N/A</lei>
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          <isin value="US59333PZE14"/>
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        <balance>5885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5944673.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QPS5</cusip>
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          <isin value="US74526QPS56"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>474690.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northern Hospital District of Surry County</name>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1411625.00000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Overland Park Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US690278CB08"/>
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        <curCd>USD</curCd>
        <valUSD>1318442.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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        <title>Glynn-Brunswick Memorial Hospital Authority</title>
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          <isin value="US380037GY15"/>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QK505"/>
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        <balance>360000.00000000</balance>
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        <valUSD>251550.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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          <isin value="US118217CQ98"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <balance>845000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-05-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>Hammond Multi-School Building Corp.</name>
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        <title>Hammond Multi-School Building Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Village of Romeoville IL</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-10-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>East Hempfield Township Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>Connecticut Housing Finance Authority</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Massachusetts State College Building Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Delaware State Economic Development Authority</name>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Allegheny County Hospital Development Authority</name>
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        <name>Lyon County Unified School District No. 253 Emporia</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2021-07-01</maturityDt>
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        <name>Mid-Bay Bridge Authority</name>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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      <invstOrSec>
        <name>City of Philadelphia PA</name>
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        <curCd>USD</curCd>
        <valUSD>4867516.50000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
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      <invstOrSec>
        <name>Cumberland County Municipal Authority</name>
        <lei>N/A</lei>
        <title>Cumberland County Municipal Authority</title>
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          <isin value="US230614HM40"/>
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        <curCd>USD</curCd>
        <valUSD>2163339.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Housing Development Authority</name>
        <lei>54930053Z6M9JVHBQZ16</lei>
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          <isin value="US45203LCV36"/>
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        <curCd>USD</curCd>
        <valUSD>2262803.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90000100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QL917"/>
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        <balance>6450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4482750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>877321.20000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp. Sales Tax</title>
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          <isin value="US74529JQD09"/>
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        <balance>293000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223667.41000000</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority</title>
        <cusip>79739GEG7</cusip>
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          <isin value="US79739GEG73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557905.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <cusip>452152YT2</cusip>
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          <isin value="US452152YT24"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5360200.00000000</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>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gainesville &amp; Hall County Hospital Authority</name>
        <lei>N/A</lei>
        <title>Gainesville &amp; Hall County Hospital Authority</title>
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          <isin value="US362762LT14"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5811200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Offshore Terminal Authority</name>
        <lei>N/A</lei>
        <title>Louisiana Offshore Terminal Authority</title>
        <cusip>546510FP8</cusip>
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          <isin value="US546510FP84"/>
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        <balance>5020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4951075.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.65000100</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
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          <isin value="US462467VD08"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1190286.90000000</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>4.00000000</annualizedRt>
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        <name>City of Irving TX</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
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          <isin value="US04109KFY82"/>
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        <balance>435000.00000000</balance>
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        <valUSD>440106.90000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
        <lei>549300DW2GVUIGE04396</lei>
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          <isin value="US605360TV85"/>
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        <invCountry>US</invCountry>
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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>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="US64542YAJ55"/>
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        <balance>490000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of DeKalb GA Water &amp; Sewerage Revenue</name>
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          <isin value="US240523WN64"/>
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        <balance>3910000.00000000</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>2041-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta GA Airport Passenger Facility Charge</name>
        <lei>N/A</lei>
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          <isin value="US04780TDL52"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4504080.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority</title>
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        <balance>500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Louisiana Stadium &amp; Exposition District</name>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <name>Salt Verde Financial Corp.</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>Golden State Tobacco Securitization Corp.</name>
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        <name>Washington Higher Education Facilities Authority</name>
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        <name>Wayne County Airport Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>California County Tobacco Securitization Agency</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>Guam Government Waterworks Authority</name>
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        <fairValLevel>2</fairValLevel>
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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>State Public School Building Authority</name>
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        <name>City of Indianapolis Department of Public Utilities Water System Revenue</name>
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        <name>Massachusetts Educational Financing Authority</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
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        <name>City of Chicago IL</name>
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        <name>State of Illinois</name>
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          <maturityDt>2020-12-01</maturityDt>
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        <name>Chicago Transit Authority</name>
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        <name>Louisiana Stadium &amp; Exposition District</name>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>City of Lakeland FL</name>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
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        <name>City of Chicago IL</name>
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        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>County of Columbia GA Water &amp; Sewerage Revenue</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Cumberland County Municipal Authority</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>City of Long Beach CA Marina System Revenue</name>
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        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State Public School Building Authority</name>
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          <isin value="US85732GPL85"/>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US74439YDQ17"/>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Charles City County Economic Development Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>University of North Carolina at Chapel Hill</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Alameda Corridor Transportation Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Bucks County Industrial Development Authority</name>
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        <name>Raleigh Durham Airport Authority</name>
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        <name>Lehigh County Authority</name>
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          <maturityDt>2036-12-01</maturityDt>
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        <name>Virginia Commonwealth University Health System Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>King County Public Hospital District No. 2</name>
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        <name>Canon Mcmillan School District</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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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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      <invstOrSec>
        <name>City of Rockville MD</name>
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          <maturityDt>2047-11-01</maturityDt>
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        <name>Kansas City Land Clearance Redevelopment Authority</name>
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          <isin value="US48504MAC55"/>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88034WGT53"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
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          <isin value="US888808HK19"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Cambria PA</name>
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      <invstOrSec>
        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <name>Norman Y Mineta San Jose International Airport SJC</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>St Louis County Industrial Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Peninsula Town Center Community Development Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>School District of Philadelphia (The)</name>
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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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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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          <isin value="US649519DA03"/>
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        <name>Akron Bath Copley Joint Township Hospital District</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <isin value="US79766DDG16"/>
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      <invstOrSec>
        <name>City of Austin TX Airport System Revenue</name>
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        <name>Riverside County Transportation Commission</name>
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      <invstOrSec>
        <name>Brazos Higher Education Authority, Inc.</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VJE92"/>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Toll Road Investors Partnership II LP</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>University of Southern Mississippi (The)</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <name>Puerto Rico Electric Power Authority</name>
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      <invstOrSec>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glen Cove Local Economic Assistance Corp.</name>
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          <isin value="US377450AF83"/>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Missouri Housing Development Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04109KFX00"/>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Coweta County Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cumberland County Municipal Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>City of La Verne CA</name>
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        <curCd>USD</curCd>
        <valUSD>649625.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
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          <isin value="US91743PDD42"/>
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        <curCd>USD</curCd>
        <valUSD>4174720.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-21</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584XD654"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278655.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74446EAA47"/>
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        <curCd>USD</curCd>
        <valUSD>4507890.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC Multifamily VRD Certificates</name>
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        <title>FHLMC Multifamily VRD Certificates</title>
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          <isin value="US31350ACE64"/>
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        <curCd>USD</curCd>
        <valUSD>19360549.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
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          <isin value="US592190PJ57"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12079300.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority</title>
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          <isin value="US56681NEN30"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>480322.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oceanside Unified School District CA</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Montgomery County Industrial Development Authority</name>
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          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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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>Illinois Finance Authority</name>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74439YBX85"/>
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      <invstOrSec>
        <name>Maryland Community Development Administration</name>
        <lei>N/A</lei>
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          <isin value="US57419TCW99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052TAV70"/>
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        <curCd>USD</curCd>
        <valUSD>1743412.50000000</valUSD>
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          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority</name>
        <lei>N/A</lei>
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          <isin value="US179027YP61"/>
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        <curCd>USD</curCd>
        <valUSD>951510.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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          <isin value="US283822EE08"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489052.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167505UL81"/>
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        <valUSD>147590.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>New York Liberty Development Corp.</name>
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          <isin value="US649519BP99"/>
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        <balance>2300000.00000000</balance>
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        <valUSD>2399544.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
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          <isin value="US575898DL24"/>
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        <curCd>USD</curCd>
        <valUSD>605435.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
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        <cusip>88034NTZ7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2044-10-01</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BEZ31"/>
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        <name>California Statewide Communities Development Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port of Seattle WA</name>
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        <name>Maryland Economic Development Corp.</name>
        <lei>549300JJ16DDBSZWSN94</lei>
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          <isin value="US57420NBZ33"/>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Berks County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <maturityDt>2044-01-01</maturityDt>
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        <name>Black Belt Energy Gas District</name>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>Detroit City School District</name>
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        <name>Chicago Board of Education</name>
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        <name>Harlingen Economic Development Corp.</name>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>State Board of Higher Education of the State of North Dakota</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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        <invCountry>US</invCountry>
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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>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>2024-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Harris County-Houston Sports Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <invCountry>PR</invCountry>

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          <maturityDt>2027-07-01</maturityDt>
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        <name>County of DeKalb GA Water &amp; Sewerage Revenue</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>Public Finance Authority</name>
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        <name>Montebello Public Financing Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Reading School District</name>
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        <name>County of Sacramento CA Airport System Revenue</name>
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        <name>Kane County School District No. 131 Aurora East Side</name>
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        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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        <name>State of Illinois</name>
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          <maturityDt>2024-12-01</maturityDt>
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        <name>Lyon County Unified School District No. 253 Emporia</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Montgomery County Higher Education and Health Authority</name>
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        <name>Educational Enhancement Funding Corp.</name>
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      <invstOrSec>
        <name>Indiana Development Finance Authority</name>
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          <isin value="US454906AC26"/>
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      <invstOrSec>
        <name>Louisiana Offshore Terminal Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Raleigh Durham Airport Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Birmingham Airport Authority</name>
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          <isin value="US090888GX03"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
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          <isin value="US4521526L09"/>
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        <curCd>USD</curCd>
        <valUSD>1867848.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584XFP15"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Houston Industrial Development Corp.</name>
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          <isin value="US442406AD66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tuscaloosa County Industrial Development Authority</name>
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          <isin value="US90068FAZ99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wichita KS</name>
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          <isin value="US967249QF30"/>
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        <curCd>USD</curCd>
        <valUSD>651060.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>College of the Mainland</name>
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          <isin value="US19427PDE60"/>
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          <maturityDt>2049-08-15</maturityDt>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>Nevada Housing Division</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Massachusetts Port Authority</name>
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        <name>Raleigh Durham Airport Authority</name>
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        <name>West Rankin Utility Authority</name>
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        <name>Texas Transportation Commission</name>
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          <maturityDt>2041-08-01</maturityDt>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of North Alabama</name>
        <lei>N/A</lei>
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          <isin value="US914703HE66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>498214.10000000</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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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <isin value="US59447TPP20"/>
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        <curCd>USD</curCd>
        <valUSD>2442300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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="US71885FEK93"/>
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        <curCd>USD</curCd>
        <valUSD>602924.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
        <cusip>04084RBG5</cusip>
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          <isin value="US04084RBG56"/>
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        <curCd>USD</curCd>
        <valUSD>1074732.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FJC95"/>
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        <balance>3200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3637216.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</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>74526QL59</cusip>
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          <isin value="US74526QL594"/>
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        <curCd>USD</curCd>
        <valUSD>1184975.00000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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="US34073TNA15"/>
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        <balance>1880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1894382.00000000</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>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13080SWE08"/>
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        <curCd>USD</curCd>
        <valUSD>1786446.25000000</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>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Detroit City School District</name>
        <lei>N/A</lei>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2021-06-15</maturityDt>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Tampa FL</name>
        <lei>N/A</lei>
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          <isin value="US875146BD38"/>
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        <curCd>USD</curCd>
        <valUSD>2097946.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta GA Department of Aviation</name>
        <lei>N/A</lei>
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          <isin value="US04780MRH42"/>
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        <curCd>USD</curCd>
        <valUSD>1504442.15000000</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>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chula Vista CA</name>
        <lei>N/A</lei>
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          <isin value="US17131HCP10"/>
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        <curCd>USD</curCd>
        <valUSD>1846476.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
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          <isin value="US05923TBY47"/>
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        <curCd>USD</curCd>
        <valUSD>1613342.85000000</valUSD>
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        <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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
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          <isin value="US70917S4F77"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>290665.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Antonio TX Airport System</name>
        <lei>N/A</lei>
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          <isin value="US796242TN52"/>
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        <curCd>USD</curCd>
        <valUSD>517314.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Prince George's MD</name>
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        <valUSD>573936.60000000</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>2039-07-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712D4C76"/>
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        <balance>875000.00000000</balance>
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        <valUSD>842703.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lehigh County Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp.</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>
          <couponKind>None</couponKind>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>Cumberland County Municipal Authority</name>
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          <maturityDt>2021-01-01</maturityDt>
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        <name>City of Santa Fe NM</name>
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        <name>New York City Water &amp; Sewer System</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74439YBV20"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-07-01</maturityDt>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
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          <maturityDt>2045-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US414009LY43"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
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          <isin value="US20775BN855"/>
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        <curCd>USD</curCd>
        <valUSD>745387.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712DA636"/>
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        <curCd>USD</curCd>
        <valUSD>915099.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
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          <isin value="US575896TK11"/>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048TP234"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645UCE29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Health Facilities Financing Authority</name>
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          <maturityDt>2031-08-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California Pollution Control Financing Authority</name>
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        <title>California Pollution Control Financing Authority</title>
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          <maturityDt>2038-11-01</maturityDt>
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        <name>Washington Higher Education Facilities Authority</name>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Collier County Industrial Development Authority</name>
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          <maturityDt>2035-05-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2032-12-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-08-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <invCountry>US</invCountry>
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        <name>South Carolina Public Service Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Detroit City School District</name>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>North Carolina Medical Care Commission</name>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Travis County Health Facilities Development Corp.</name>
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          <isin value="US89438LCB27"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-11-01</maturityDt>
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        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CLZ58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Minnesota Housing Finance Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Chicago IL</name>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293495.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Virginia Water Development Authority</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Park Creek Metropolitan District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>South Jersey Transportation Authority</name>
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        <name>Guam Government Waterworks Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Tampa FL</name>
        <lei>N/A</lei>
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          <isin value="US875146AW28"/>
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        <curCd>USD</curCd>
        <valUSD>416615.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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          <isin value="US57422KBN46"/>
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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>2058-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Redevelopment Authority of the City of Philadelphia</name>
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          <isin value="US717868EV17"/>
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        <curCd>USD</curCd>
        <valUSD>2048276.00000000</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>2024-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US64580ABW09"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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          <isin value="US605360SD96"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204E4U99"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>308506.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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          <isin value="US745220FT55"/>
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        <balance>755000.00000000</balance>
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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>2028-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
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        <valUSD>12918622.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
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        <name>Texas Transportation Commission</name>
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          <maturityDt>2038-08-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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          <maturityDt>2021-07-01</maturityDt>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Chicago Midway International Airport</name>
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        <name>State Public School Building Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
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      <invstOrSec>
        <name>City of San Antonio TX Airport System</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US442349DG86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Wichita KS</name>
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          <isin value="US967249QD81"/>
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        <curCd>USD</curCd>
        <valUSD>167221.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Irving TX</name>
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          <isin value="US463805DH13"/>
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        <curCd>USD</curCd>
        <valUSD>243033.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
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          <isin value="US4423487T98"/>
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        <valUSD>3220272.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</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>
        <cusip>49126KLC3</cusip>
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          <isin value="US49126KLC35"/>
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        <balance>4235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4686620.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NYW8</cusip>
        <identifiers>
          <isin value="US88034NYW81"/>
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        <curCd>USD</curCd>
        <valUSD>3444744.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.25100200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Colorado</name>
        <lei>N/A</lei>
        <title>University of Colorado</title>
        <cusip>91417KSC6</cusip>
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          <isin value="US91417KSC61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Carolina Turnpike Authority</name>
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          <isin value="US65830UAD46"/>
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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>Sumter County Industrial Development Authority FL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Ohio Air Quality Development Authority</name>
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          <maturityDt>2041-06-01</maturityDt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>North Broward Hospital District</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2029-09-15</maturityDt>
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        <name>Louisiana Public Facilities Authority</name>
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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>0.00000000</annualizedRt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>City of Oroville CA</name>
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      <invstOrSec>
        <name>Downriver Utility Wastewater Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2036-04-01</maturityDt>
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      <invstOrSec>
        <name>Gainesville &amp; Hall County Hospital Authority</name>
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          <maturityDt>2042-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-15</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712DX505"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
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        <cusip>13059TBS7</cusip>
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          <isin value="US13059TBS78"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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          <isin value="US56036YDH53"/>
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        <valUSD>1026269.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grays Harbor County Public Hospital District No. 2</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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          <maturityDt>2036-10-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>University of Minnesota</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Illinois Finance Authority</name>
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        <name>Chesterfield County School District</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>City of Chicago IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Illinois Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Western Illinois Economic Development Authority</title>
        <cusip>958365AY4</cusip>
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          <isin value="US958365AY40"/>
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        <curCd>USD</curCd>
        <valUSD>983798.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority</title>
        <cusip>5946536J1</cusip>
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          <isin value="US5946536J17"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026774.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>Austin Convention Enterprises, Inc.</title>
        <cusip>052409EC9</cusip>
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          <isin value="US052409EC91"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300150.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Alachua County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Alachua County Health Facilities Authority</title>
        <cusip>010685LB9</cusip>
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          <isin value="US010685LB96"/>
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        <balance>1705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2085061.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>71885FEH6</cusip>
        <identifiers>
          <isin value="US71885FEH64"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>760501.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Halifax Hospital Medical Center</name>
        <lei>N/A</lei>
        <title>Halifax Hospital Medical Center</title>
        <cusip>405815HV6</cusip>
        <identifiers>
          <isin value="US405815HV69"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1551730.50000000</valUSD>
        <pctVal>0.031381556480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Henrico County Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Henrico County Economic Development Authority</title>
        <cusip>426063JW4</cusip>
        <identifiers>
          <isin value="US426063JW46"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4676836.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>11.24700100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QX80</cusip>
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          <isin value="US74526QX805"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592875.00000000</valUSD>
        <pctVal>0.011990059033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Public Buildings Authority</title>
        <cusip>745235J93</cusip>
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          <isin value="US745235J935"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1143604.00000000</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>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RCT41"/>
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        <balance>1780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2129770.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584X4L2</cusip>
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          <isin value="US57584X4L25"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114744.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
        <title>Puerto Rico Highway &amp; Transportation Authority</title>
        <cusip>745190UR7</cusip>
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          <isin value="US745190UR70"/>
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        <balance>3255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3526629.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Overland Park Development Corp.</name>
        <lei>N/A</lei>
        <title>Overland Park Development Corp.</title>
        <cusip>690278BV7</cusip>
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          <isin value="US690278BV70"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031946.70000000</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>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>Central Puget Sound Regional Transit Authority</title>
        <cusip>155048DK4</cusip>
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          <isin value="US155048DK41"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15785120.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NG57</cusip>
        <identifiers>
          <isin value="US88034NG574"/>
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        <balance>3980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4928195.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>8.95300100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
        <lei>5493007OOYUHTF8GSL63</lei>
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          <isin value="US646080TA91"/>
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        <balance>6160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6141581.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</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>
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          <isin value="US745272CU60"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249540.00000000</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>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>University of Delaware</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <name>Clark County School District</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2020-07-01</maturityDt>
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        <name>Fairfax County Redevelopment &amp; Housing Authority</name>
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        <name>Oceanside Unified School District CA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QX490"/>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Gas Works Co.</name>
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        <fairValLevel>2</fairValLevel>
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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>2054-07-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
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        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-15</maturityDt>
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        <name>Doylestown Hospital Authority</name>
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        <name>Martin County Health Facilities Authority</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Alabama Special Care Facilities Financing Authority-Birmingham AL</name>
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        <name>Illinois Sports Facilities Authority (The)</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>West Virginia Housing Development Fund</name>
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        <name>County of Miami OH</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Main Street Natural Gas, Inc.</name>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
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          <isin value="US60637BRC62"/>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VBY39"/>
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          <maturityDt>2043-12-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136EQ0</cusip>
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          <isin value="US646136EQ03"/>
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        <balance>6900000.00000000</balance>
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        <valUSD>5457555.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Valparaiso IN</name>
        <lei>N/A</lei>
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          <isin value="US92028RAC97"/>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>807132.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Redevelopment Authority of The County of Washington</name>
        <lei>N/A</lei>
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          <isin value="US938618AB10"/>
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        <curCd>USD</curCd>
        <valUSD>90093.60000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Sales Tax Securitization Corp.</name>
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        <title>Sales Tax Securitization Corp.</title>
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          <isin value="US79467BAK17"/>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Dakota Housing Finance Agency</name>
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          <isin value="US658909FV39"/>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>Sales Tax Securitization Corp.</name>
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          <isin value="US79467BDA08"/>
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          <maturityDt>2040-01-01</maturityDt>
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        <name>School District of Philadelphia (The)</name>
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        <name>City of Los Angeles Department of Airports</name>
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          <maturityDt>2034-05-15</maturityDt>
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        <name>District of Columbia</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Illinois Sports Facilities Authority (The)</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Grays Harbor County Public Hospital District No. 2</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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          <maturityDt>2037-08-15</maturityDt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <maturityDt>2050-12-01</maturityDt>
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        <name>E-470 Public Highway Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Southeast Alabama Gas Supply District (The)</name>
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      <invstOrSec>
        <name>Overland Park Development Corp.</name>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13081CAC29"/>
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        <name>Texas Transportation Commission</name>
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          <maturityDt>2057-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northern Illinois University</name>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447TYH03"/>
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        <name>Wayne County Airport Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <name>University of North Carolina at Chapel Hill</name>
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        <name>Rhode Island Student Loan 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>
          <couponKind>None</couponKind>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>City of Dallas TX Waterworks &amp; Sewer System Revenue</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Midtown Miami Community Development District</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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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>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US64542RCY53"/>
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        <curCd>USD</curCd>
        <valUSD>372537.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DTG69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Columbia GA Water &amp; Sewerage Revenue</name>
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          <isin value="US197493TJ89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64577B4K76"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <cusip>154871CK1</cusip>
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          <isin value="US154871CK13"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1101719.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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          <isin value="US59334DGZ15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Montebello Public Financing Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Duluth Independent School District No. 709</name>
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        <name>Inland Valley Development Agency</name>
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      <invstOrSec>
        <name>Harris County-Houston Sports Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>City of Hutchinson KS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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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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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Birmingham Airport Authority</name>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <name>Philadelphia Authority for Industrial Development</name>
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      <invstOrSec>
        <name>California Community College Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US13012EW386"/>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
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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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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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          <isin value="US041806WQ95"/>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Mississippi Home Corp.</name>
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        <name>University of Texas System (The)</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Overland Park Development Corp.</name>
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        <name>Duluth Independent School District No. 709</name>
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          <maturityDt>2028-02-01</maturityDt>
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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>2029-07-01</maturityDt>
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        <name>Berks County Industrial Development Authority</name>
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          <isin value="US08451PAS02"/>
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          <maturityDt>2037-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2046-09-01</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <maturityDt>2044-01-15</maturityDt>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <cusip>59447TFG3</cusip>
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          <isin value="US59447TFG31"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp.</title>
        <cusip>041806WP1</cusip>
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          <isin value="US041806WP13"/>
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        <valUSD>790110.00000000</valUSD>
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          <maturityDt>2029-08-15</maturityDt>
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      <invstOrSec>
        <name>North Carolina Central University</name>
        <lei>N/A</lei>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45471CAZ14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission</title>
        <cusip>67756DLX2</cusip>
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          <isin value="US67756DLX20"/>
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        <valUSD>3419130.00000000</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>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
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          <isin value="US167501XF72"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152JN2</cusip>
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          <isin value="US452152JN29"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433636.00000000</valUSD>
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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>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <maturityDt>2036-08-01</maturityDt>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Allentown City School District</name>
        <lei>N/A</lei>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>County of Luzerne PA</name>
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        <name>City of Chicago IL</name>
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        <name>Texas State University System</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Public Finance Authority</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Utah Charter School Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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          <isin value="US594698JA16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
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          <isin value="US64985HFP73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New Orleans LA Water System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
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          <isin value="US882667AH14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-30</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Public Energy Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>DCH Healthcare Authority</name>
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          <isin value="US233091FU63"/>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Eagle County School District No. Re50J</name>
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        <name>Mississippi Development Bank</name>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California Pollution Control Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
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          <annualizedRt>1.95000000</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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        <name>Puerto Rico Convention Center District Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Puerto Rico Electric Power Authority</name>
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      <invstOrSec>
        <name>State of Maryland</name>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Area Municipal Authority</name>
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          <isin value="US235171AR61"/>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167501WX97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Regional Transportation District</name>
        <lei>N/A</lei>
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          <isin value="US759151AN35"/>
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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>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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          <isin value="US745190UP15"/>
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        <balance>8390000.00000000</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>2035-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Granite City IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.45000200</annualizedRt>
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        <name>Kansas City Land Clearance Redevelopment Authority</name>
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          <maturityDt>2050-02-01</maturityDt>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Educational Financing Authority</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <name>Rhode Island Student Loan Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii State Highway Fund</name>
        <lei>N/A</lei>
        <title>State of Hawaii State Highway Fund</title>
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          <isin value="US41981CKY56"/>
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        <curCd>USD</curCd>
        <valUSD>977868.00000000</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>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204E4Z8</cusip>
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          <isin value="US45204E4Z86"/>
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        <curCd>USD</curCd>
        <valUSD>1311480.30000000</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>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Hempstead Town Local Development Corp.</title>
        <cusip>424682DA7</cusip>
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          <isin value="US424682DA77"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1498676.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</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>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi</title>
        <cusip>605581HN0</cusip>
        <identifiers>
          <isin value="US605581HN09"/>
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        <balance>585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>718210.35000000</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>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
        <cusip>442349DH6</cusip>
        <identifiers>
          <isin value="US442349DH69"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>941426.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
        <lei>549300DW2GVUIGE04396</lei>
        <title>Mississippi Hospital Equipment &amp; Facilities Authority</title>
        <cusip>605360SS6</cusip>
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          <isin value="US605360SS65"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>861999.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</title>
        <cusip>745160PZ8</cusip>
        <identifiers>
          <isin value="US745160PZ81"/>
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        <balance>3235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3256480.40000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Ward ND</name>
        <lei>N/A</lei>
        <title>County of Ward</title>
        <cusip>934023EV0</cusip>
        <identifiers>
          <isin value="US934023EV02"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>211414.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</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>Cleveland Department of Public Utilities Division of Public Power</name>
        <lei>N/A</lei>
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          <isin value="US186398MD24"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1148400.00000000</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>74443QAC6</cusip>
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          <isin value="US74443QAC69"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>702720.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montana Board of Housing</name>
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        <title>Montana Board of Housing</title>
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          <isin value="US61212WKN47"/>
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        <curCd>USD</curCd>
        <valUSD>5402552.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
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          <isin value="US882667AF57"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231357.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443CAA1</cusip>
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          <isin value="US74443CAA18"/>
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        <balance>385000.00000000</balance>
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        <valUSD>392365.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp.</title>
        <cusip>64966TFJ8</cusip>
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          <isin value="US64966TFJ88"/>
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        <balance>5574420.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5800574.22000000</valUSD>
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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>Hammond Multi-School Building Corp.</name>
        <lei>N/A</lei>
        <title>Hammond Multi-School Building Corp.</title>
        <cusip>408395SC6</cusip>
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          <isin value="US408395SC61"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>672813.30000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sumter County Industrial Development Authority FL</name>
        <lei>N/A</lei>
        <title>Sumter County Industrial Development Authority</title>
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          <isin value="US86652QAT94"/>
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        <balance>1455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1597197.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443UBA0</cusip>
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          <isin value="US74443UBA07"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>Puerto Rico Highway &amp; Transportation 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>State of Nevada Department of Business &amp; Industry</name>
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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>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Western Illinois Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US958365BC11"/>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CMA98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DTH43"/>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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          <isin value="US700387EH21"/>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Ports Authority</name>
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          <isin value="US837123KG23"/>
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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>2044-07-01</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>Virginia College Building Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Dallas-Fort Worth International Airport</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
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          <isin value="US88034WNM28"/>
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          <maturityDt>2049-01-01</maturityDt>
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        <name>University of North Carolina at Chapel Hill</name>
        <lei>N/A</lei>
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          <isin value="US914714CZ14"/>
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          <maturityDt>2049-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Harris County-Houston Sports Authority</name>
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          <maturityDt>2032-11-15</maturityDt>
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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>2030-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <maturityDt>2039-05-01</maturityDt>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>Illinois Finance Authority</name>
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        <name>California School Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Del Webb Bexley Community Development District</name>
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      <invstOrSec>
        <name>County of Jefferson AL Sewer Revenue</name>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
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          <maturityDt>2038-06-15</maturityDt>
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        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>Gulf Coast Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>California School Finance Authority</name>
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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>2032-07-01</maturityDt>
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        <name>City of Hutchinson KS</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Birmingham Airport Authority</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <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>2026-07-01</maturityDt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BFU35"/>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
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          <isin value="US02765UFD19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <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>2043-06-01</maturityDt>
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        <name>Chicago Board of Education</name>
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          <isin value="US167510AM87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990GUU48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Reno NV</name>
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          <isin value="US759861EF08"/>
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        <balance>115000.00000000</balance>
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        <valUSD>135559.70000000</valUSD>
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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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Illinois Sports Facilities Authority (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>City of Coffeyville KS Electric System Revenue</name>
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          <maturityDt>2042-06-01</maturityDt>
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        <name>Park Creek Metropolitan District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <invCountry>PR</invCountry>

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        <name>North Carolina Turnpike Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116CK0</cusip>
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          <isin value="US650116CK07"/>
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        <balance>8135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8713154.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990GSK9</cusip>
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          <isin value="US64990GSK93"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>873176.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Beaumont Navigation District</name>
        <lei>549300G8PKBXALUKJY33</lei>
        <title>Port Beaumont Navigation District</title>
        <cusip>73360DAA0</cusip>
        <identifiers>
          <isin value="US73360DAA00"/>
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        <balance>7145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7103987.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Transbay Joint Powers Authority</name>
        <lei>549300WC0UP8WU8GYU95</lei>
        <title>Transbay Joint Powers Authority</title>
        <cusip>89356CAT3</cusip>
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          <isin value="US89356CAT36"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1160529.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp. Sales Tax</title>
        <cusip>74529JPX7</cusip>
        <identifiers>
          <isin value="US74529JPX71"/>
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        <balance>33541000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35068792.55000000</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>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Wilkes-Barre Area School District PA</name>
        <lei>N/A</lei>
        <title>Wilkes-Barre Area School District</title>
        <cusip>968261NS2</cusip>
        <identifiers>
          <isin value="US968261NS21"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1136497.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Industrial Development Authority PA</name>
        <lei>N/A</lei>
        <title>Montgomery County Industrial Development Authority</title>
        <cusip>613609K88</cusip>
        <identifiers>
          <isin value="US613609K888"/>
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        <balance>8700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9538854.00000000</valUSD>
        <pctVal>0.192909841988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial Development Authority of the County of Pima (The)</name>
        <lei>549300QDTQ25545R4K19</lei>
        <title>Industrial Development Authority of the County of Pima (The)</title>
        <cusip>72177MRS8</cusip>
        <identifiers>
          <isin value="US72177MRS88"/>
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        <balance>1020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002190.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
        <cusip>65830UAB8</cusip>
        <identifiers>
          <isin value="US65830UAB89"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>662155.00000000</valUSD>
        <pctVal>0.013391149127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp.</title>
        <cusip>187145AU1</cusip>
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          <isin value="US187145AU13"/>
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        <balance>2355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2409989.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TDY6</cusip>
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          <isin value="US59447TDY64"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>898872.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
        <lei>0UDITKOYW0YKG3BBP242</lei>
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        <cusip>88256HAN8</cusip>
        <identifiers>
          <isin value="US88256HAN89"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>864400.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>Vermont Student Assistance Corp.</title>
        <cusip>92428CLL6</cusip>
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          <isin value="US92428CLL62"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>513605.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</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>
        <title>Travis County Health Facilities Development Corp.</title>
        <cusip>89438LCK2</cusip>
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          <isin value="US89438LCK26"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602744.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oceanside Unified School District CA</name>
        <lei>N/A</lei>
        <title>Oceanside Unified School District</title>
        <cusip>675383JH7</cusip>
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          <isin value="US675383JH73"/>
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        <balance>1930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1755373.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Shore Area Authority</name>
        <lei>N/A</lei>
        <title>West Shore Area Authority</title>
        <cusip>95581QAH2</cusip>
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          <isin value="US95581QAH20"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455057.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TSASC, Inc. NY</name>
        <lei>N/A</lei>
        <title>TSASC, Inc.</title>
        <cusip>898526FF0</cusip>
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          <isin value="US898526FF00"/>
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        <balance>2710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2984387.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
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        <name>Peninsula Town Center Community Development Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Escondido Union High School District</name>
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          <maturityDt>2030-08-01</maturityDt>
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        <name>Sacramento Municipal Utility District</name>
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          <isin value="US786005YJ18"/>
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          <maturityDt>2028-08-15</maturityDt>
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        <name>City of Upland CA</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <name>West Virginia Housing Development Fund</name>
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        <name>New Mexico Mortgage Finance Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Commonwealth Financing Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>Puerto Rico Municipal Finance Agency</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>Chicago Transit Authority</name>
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        <name>Educational Enhancement Funding Corp.</name>
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        <name>Transbay Joint Powers Authority</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>San Juan Higher Education Finance Authority</name>
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        <name>Berks County Industrial Development 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>Public Finance Authority</name>
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        <name>New Orleans Aviation Board</name>
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        <name>Sales Tax Securitization 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>California Statewide Communities Development Authority</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Louisiana Housing Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <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>2027-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Vermont Economic Development Authority</name>
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          <isin value="US924157AA83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.62499900</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167501UQ64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Philadelphia PA Airport Revenue</name>
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        <balance>11175000.00000000</balance>
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        <invCountry>US</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QPQ90"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
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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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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Lakewood Ranch Stewardship District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Detroit MI Water Supply System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>Utah Charter School Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Decatur Hospital Authority</name>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Montgomery County Higher Education and Health Authority</name>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>County of Osceola FL Transportation Revenue</name>
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          <maturityDt>2054-10-01</maturityDt>
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        <name>University of Puerto Rico</name>
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        <name>Massachusetts Educational Financing Authority</name>
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          <maturityDt>2022-01-01</maturityDt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Raleigh Durham Airport Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>California Public Finance Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Massachusetts Port Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Chicago Board of Education</name>
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      <invstOrSec>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <curCd>USD</curCd>
        <valUSD>3776192.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BET70"/>
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        <valUSD>2694134.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Johns County Industrial Development Authority</name>
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          <isin value="US79039NAX66"/>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74443UAE38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <curCd>USD</curCd>
        <valUSD>9781600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Johns County Industrial Development Authority</name>
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        <title>St Johns County Industrial Development Authority</title>
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          <isin value="US790417AN97"/>
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          <maturityDt>2042-09-01</maturityDt>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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      <invstOrSec>
        <name>Louisiana State Citizens Property Insurance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US546456DW18"/>
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      <invstOrSec>
        <name>City of Tampa FL</name>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>Reading School District</name>
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          <isin value="US755638A456"/>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DWK35"/>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Vermont Housing Finance Agency</name>
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          <isin value="US924190FR70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Tampa FL</name>
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          <isin value="US875146BB71"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>St Louis County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>79130GHJ3</cusip>
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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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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <isin value="US71885DDC39"/>
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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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        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>California School Finance Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Regional Transportation District</name>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>Toll Road Investors Partnership II LP</name>
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        <name>Texas Transportation Commission</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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      <invstOrSec>
        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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          <isin value="US745190N207"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California Statewide Communities Development Authority</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Vermont Student Assistance Corp.</name>
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          <maturityDt>2034-06-15</maturityDt>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
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          <maturityDt>2034-03-01</maturityDt>
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      <invstOrSec>
        <name>Northeastern Pennsylvania Hospital and Education Authority</name>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Brazos Higher Education Authority, Inc.</name>
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          <maturityDt>2040-04-01</maturityDt>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
        <lei>N/A</lei>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US64542YAL02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Geisinger Authority</name>
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        <name>City of Chicago IL</name>
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        <name>Canon Mcmillan School District</name>
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        <name>Oklahoma Housing Finance Agency</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Escambia County Health Facilities Authority</name>
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          <maturityDt>2028-07-01</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>Puerto Rico Public Buildings Authority</name>
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        <invCountry>PR</invCountry>

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          <maturityDt>2027-07-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Northern Illinois University</name>
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        <name>Iowa Finance Authority</name>
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        <name>Kane County School District No. 131 Aurora East Side</name>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JQG30"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578JBH86"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Virginia Housing Development Fund</name>
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          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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          <maturityDt>2052-04-01</maturityDt>
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        <name>District of Columbia</name>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bucks County Industrial Development Authority</name>
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          <maturityDt>2044-08-15</maturityDt>
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        <name>Puerto Rico Convention Center District Authority</name>
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          <maturityDt>2020-07-01</maturityDt>
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        <name>Michigan Finance Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>Armstrong School District</name>
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        <name>Mississippi State University Educational Building Corp.</name>
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        <name>Chicago Board of Education</name>
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        <name>California Public Finance Authority</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>West Contra Costa Unified School District</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US04109FBW77"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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          <isin value="US605360SV94"/>
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        <curCd>USD</curCd>
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          <maturityDt>2040-01-01</maturityDt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204E7K80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>165588DQ4</cusip>
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          <isin value="US165588DQ40"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567804.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>La Paz County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>La Paz County Industrial Development Authority</title>
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          <isin value="US50376FAR82"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750910.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JRH04"/>
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        <curCd>USD</curCd>
        <valUSD>9866471.23000000</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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.32900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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        <cusip>57584X4N8</cusip>
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          <isin value="US57584X4N80"/>
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        <balance>1530000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Puerto Rico</name>
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        <curCd>USD</curCd>
        <valUSD>30066000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Redevelopment Authority of The County of Washington</name>
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        <curCd>USD</curCd>
        <valUSD>80198.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>City of Chicago IL</name>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US74439YBG52"/>
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          <maturityDt>2058-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Mortgage Finance Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Vauxmont Metropolitan District</name>
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        <name>City of Detroit MI Sewage Disposal System Revenue</name>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority</title>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Oregon State Facilities Authority</name>
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        <name>Cumberland County Municipal Authority</name>
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        <invCountry>US</invCountry>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Allentown City School District</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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          <maturityDt>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>Coconino County Pollution Control Corp.</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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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>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>California School Finance Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Georgia Housing &amp; Finance Authority</name>
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          <maturityDt>2050-11-15</maturityDt>
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        <name>Massachusetts Port Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>West Virginia Hospital Finance Authority</name>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Kentucky Public Energy 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>Red River Education Finance Corp.</name>
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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>County of Jefferson AL Sewer Revenue</name>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990ECG08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57583U7G76"/>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mohegan Tribal Finance Authority</name>
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          <isin value="US608327AA04"/>
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          <maturityDt>2045-02-01</maturityDt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
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          <isin value="US708692BF45"/>
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          <maturityDt>2041-07-01</maturityDt>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
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          <isin value="US57563RJH30"/>
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          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Broward FL Airport System Revenue</name>
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        <name>City of Atlantic City NJ</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Hammond Multi-School Building Corp.</name>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Vauxmont Metropolitan District</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>City of Atlanta GA Airport Passenger Facility Charge</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <pctVal>0.002511769482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</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>
    </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>2020-07-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
