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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport</title>
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          <isin value="US167562QD20"/>
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        <invCountry>US</invCountry>
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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>North Carolina Housing Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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        <valUSD>1066141.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westmoreland County Industrial Development Authority PA</name>
        <lei>N/A</lei>
        <title>Westmoreland County Industrial Development Authority</title>
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          <isin value="US961008RR21"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>488140.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Temple TX</name>
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          <isin value="US880157BP63"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
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          <isin value="US592190QN50"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1278551.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Education</name>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190158.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Pollution Control Corp.</name>
        <lei>N/A</lei>
        <title>Maricopa County Pollution Control Corp.</title>
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        <balance>15000.00000000</balance>
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        <valUSD>13301.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.87500160</annualizedRt>
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        <name>City of Horace ND</name>
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        <curCd>USD</curCd>
        <valUSD>587143.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Territory of Guam</name>
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        <valUSD>175177.78000000</valUSD>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204FSD86"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Build NYC Resource Corp.</name>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Terre Haute Sanitary District</name>
        <lei>N/A</lei>
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        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US864809CG10"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-06-01</maturityDt>
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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>2030-05-15</maturityDt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <name>Birmingham-Jefferson Civic Center Authority</name>
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        <name>Pennsylvania Housing Finance Agency</name>
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        <name>Horizon Regional Municipal Utility District</name>
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          <isin value="US44044TLK69"/>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Chicago Transit Authority Capital Grant Receipts Revenue</name>
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        <name>Fort Bend County Municipal Utility District No. 23</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Houston Independent School District</name>
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          <isin value="US442403PS40"/>
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          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>3.49999920</annualizedRt>
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        <name>Village of Franklin Park IL</name>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584YN479"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>0.45000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>California Municipal Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>East Bethlehem Township Municipal Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Indiana Finance Authority</name>
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          <maturityDt>2025-11-15</maturityDt>
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          <maturityDt>2032-01-01</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland Stadium Authority</name>
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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Educational Financing Authority</name>
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          <annualizedRt>3.62500000</annualizedRt>
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        <name>South Carolina Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>Chandler Industrial Development Authority</name>
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        <name>Chandler Industrial Development Authority</name>
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        <name>Washington Economic Development Finance Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>Rogers County Educational Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US77514RBR75"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74442CDV37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-01</maturityDt>
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      <invstOrSec>
        <name>City of Lewisville TX</name>
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          <isin value="US528815MG52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Higher Education Student Loan Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Higher Education Student Loan Corp.</title>
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          <isin value="US49130NFM65"/>
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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>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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          <isin value="US01179RH711"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US69651ABT07"/>
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        <curCd>USD</curCd>
        <valUSD>369972.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</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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          <isin value="US74514L3H80"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Development Authority of Cobb County (The)</name>
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          <maturityDt>2025-07-15</maturityDt>
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      <invstOrSec>
        <name>Iowa Student Loan Liquidity Corp.</name>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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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>2026-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Indio Finance Authority</name>
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        <name>Territory of Guam</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SJN53"/>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447PD328"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>Pennsylvania Higher Education Assistance Agency</name>
        <lei>N/A</lei>
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          <isin value="US70878CAN56"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
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          <annualizedRt>2.62500000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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        <cusip>13080SEW0</cusip>
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          <isin value="US13080SEW08"/>
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        <curCd>USD</curCd>
        <valUSD>130046.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corp.</name>
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          <isin value="US57665NAA37"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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      <invstOrSec>
        <name>Moorestown Township School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Village of Bridgeview IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>Arizona Board of Regents</name>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FSS55"/>
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          <maturityDt>2027-11-15</maturityDt>
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        <name>Regents of the University of California Medical Center Pooled Revenue</name>
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        <name>Chester County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
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          <isin value="US880461XD54"/>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US155498MV75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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          <isin value="US249182QG49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Indiana Housing &amp; Community Development Authority</name>
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          <isin value="US45505TUN98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Tennessee Energy Acquisition Corp.</name>
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          <isin value="US880443EE26"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp. Virgin Islands</name>
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        <invCountry>VI</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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        <name>Louisiana Stadium &amp; Exposition District</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-03</maturityDt>
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      <invstOrSec>
        <name>Akron Bath Copley Joint Township Hospital District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Housing Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-05-01</maturityDt>
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        <name>State of Illinois</name>
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        <name>City of Parkersburg WV Combined Waterworks &amp; Sewerage System Revenue</name>
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        <name>Moorestown Township School District</name>
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        <name>HTA CL 6 Trust</name>
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        <invCountry>PR</invCountry>

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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>City of Memphis TN</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>Virginia Small Business Financing Authority</name>
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      <invstOrSec>
        <name>Nevada Housing Division</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000040</annualizedRt>
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      <invstOrSec>
        <name>Everett Housing Authority/WA</name>
        <lei>N/A</lei>
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          <isin value="US30002GAG47"/>
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        <curCd>USD</curCd>
        <valUSD>200604.89000000</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>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QUY69"/>
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        <curCd>USD</curCd>
        <valUSD>7262.50000000</valUSD>
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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>2022-07-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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          <isin value="US84136FAV94"/>
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        <curCd>USD</curCd>
        <valUSD>723370.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>St Johns County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>St Johns County Industrial Development Authority</title>
        <cusip>79041LAF5</cusip>
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          <isin value="US79041LAF58"/>
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        <curCd>USD</curCd>
        <valUSD>181757.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712JGK34"/>
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        <curCd>USD</curCd>
        <valUSD>214001.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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          <isin value="US646080WP24"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US74442PTT20"/>
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        <curCd>USD</curCd>
        <valUSD>26782.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <curCd>USD</curCd>
        <valUSD>500113.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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        <name>Memphis-Shelby County Industrial Development Board</name>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>

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          <maturityDt>2024-07-01</maturityDt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>City of Austin TX Airport System Revenue</name>
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        <name>Warrensville Heights City School District</name>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>644684EN8</cusip>
        <identifiers>
          <isin value="US644684EN80"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110148.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority</title>
        <cusip>838536MG2</cusip>
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          <isin value="US838536MG20"/>
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        <balance>410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>436488.13000000</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>2036-11-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alaska Housing Finance Corp.</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
        <title>Alaska Housing Finance Corp.</title>
        <cusip>01170RNT5</cusip>
        <identifiers>
          <isin value="US01170RNT58"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>388750.10000000</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>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <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>State of Oregon Housing &amp; Community Services Department</name>
        <lei>549300N3PYWYJ0Z8N757</lei>
        <title>State of Oregon Housing &amp; Community Services Department</title>
        <cusip>68608ENB4</cusip>
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          <isin value="US68608ENB47"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122027.31000000</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>2026-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.99999880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>Central Texas Regional Mobility Authority</title>
        <cusip>155498MU9</cusip>
        <identifiers>
          <isin value="US155498MU92"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103499.03000000</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>2025-01-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
        <title>Territory of Guam</title>
        <cusip>40065NCL9</cusip>
        <identifiers>
          <isin value="US40065NCL91"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104933.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</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>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>Pennsylvania Housing Finance Agency</title>
        <cusip>70879QMK6</cusip>
        <identifiers>
          <isin value="US70879QMK66"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212444.56000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048RAL1</cusip>
        <identifiers>
          <isin value="US13048RAL15"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49862.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.12500005</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>Minnesota Housing Finance Agency</title>
        <cusip>60416TFM5</cusip>
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          <isin value="US60416TFM53"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223003.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Tacoma WA</name>
        <lei>549300MLYO8L64QKXV81</lei>
        <title>Port of Tacoma</title>
        <cusip>735439QE4</cusip>
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          <isin value="US735439QE40"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136349.74000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dowdell Public Utility District/TX</name>
        <lei>N/A</lei>
        <title>Dowdell Public Utility District</title>
        <cusip>260655RL1</cusip>
        <identifiers>
          <isin value="US260655RL12"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189005.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Topeka KS</name>
        <lei>549300NFEU1XBKVICM54</lei>
        <title>City of Topeka</title>
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          <isin value="US890585BR21"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>746953.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky State University</name>
        <lei>N/A</lei>
        <title>Kentucky State University</title>
        <cusip>491588AA7</cusip>
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          <isin value="US491588AA74"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10350.31000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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          <isin value="US34061WBF05"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>461550.40000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712JBX0</cusip>
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          <isin value="US97712JBX00"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203299.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712DK54</cusip>
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          <isin value="US97712DK544"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150996.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lancaster County Hospital Authority PA</name>
        <lei>N/A</lei>
        <title>Lancaster County Hospital Authority/PA</title>
        <cusip>514045N58</cusip>
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          <isin value="US514045N582"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126365.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</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>74526QZL9</cusip>
        <identifiers>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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      <invstOrSec>
        <name>Beech Grove Central School Building Corp.</name>
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        <name>Sedgwick County Unified School District No. 268 Cheney</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <name>Indiana Secondary Market for Education Loans, Inc.</name>
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      <invstOrSec>
        <name>City of Yonkers NY</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Development Authority of Cobb County (The)</name>
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        <name>Missouri Development Finance Board</name>
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          <maturityDt>2026-03-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nashville Metropolitan Development &amp; Housing Agency</name>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447PD245"/>
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        <valUSD>20462.75000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <curCd>USD</curCd>
        <valUSD>228141.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Beech Grove Central School Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Texas Public Finance Authority</name>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>4.00000000</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>State of Illinois</name>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Kentucky State University</name>
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        <name>Indiana Housing &amp; Community Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>City of Sacramento CA Transient Occupancy Tax Revenue</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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        <name>Great Pond Improvement District</name>
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      <invstOrSec>
        <name>Tennergy Corp.</name>
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          <isin value="US880397CF98"/>
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        <name>State of New York Mortgage Agency</name>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maryland Stadium Authority</name>
        <lei>549300VA283TTQRDNF71</lei>
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          <isin value="US574296DQ95"/>
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          <maturityDt>2047-05-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FNC58"/>
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      <invstOrSec>
        <name>Brazoria County Municipal Utility District No. 28</name>
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        <name>Territory of Guam</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Utah Housing Corp.</name>
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        <name>Port Authority of Houston of Harris County Texas</name>
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        <name>Indiana County Industrial Development Authority</name>
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        <name>Utah Housing Corp.</name>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US708692BL13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.87500060</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
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          <isin value="US71780CBN92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US74529JRL16"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.78400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Allen OH Hospital Facilities Revenue</name>
        <lei>N/A</lei>
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          <isin value="US01757LHA70"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Glendale Industrial Development Authority</title>
        <cusip>378286KU1</cusip>
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          <isin value="US378286KU15"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4131.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX Hotel Occupancy Tax &amp; Special Revenue</name>
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          <isin value="US44237NLK62"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62436.68000000</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>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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          <isin value="US82169JAP84"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520452.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Jackson TN</name>
        <lei>N/A</lei>
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        <cusip>46874THA3</cusip>
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          <isin value="US46874THA34"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377897.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <isin value="US917466DB71"/>
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        <curCd>USD</curCd>
        <valUSD>119823.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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          <isin value="US546399LA22"/>
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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>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Seattle Housing Authority</name>
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          <isin value="US812636MQ89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US928104LZ94"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637AKT87"/>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>Arlington Higher Education Finance Corp.</name>
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          <isin value="US041806MH07"/>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US70869PLQ80"/>
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          <maturityDt>2034-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Texas Public Finance Authority</name>
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          <maturityDt>2026-05-01</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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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority</title>
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        <name>West Virginia Economic Development Authority</name>
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        <name>Ball State University</name>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Territory of Guam</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut Housing Finance Authority</name>
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          <isin value="US20775HXT57"/>
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          <maturityDt>2052-11-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Wildwood Utility Dependent District</name>
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        <name>North Carolina Housing Finance Agency</name>
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          <isin value="US658207N923"/>
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          <maturityDt>2024-03-01</maturityDt>
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          <annualizedRt>1.78000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SGT50"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Newark Board of Education</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>Virginia Beach Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US92774NAL47"/>
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        <valUSD>94993.64000000</valUSD>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25483VUW26"/>
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        <curCd>USD</curCd>
        <valUSD>227829.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204FKF17"/>
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        <curCd>USD</curCd>
        <valUSD>4206.87000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Terre Haute Sanitary District</name>
        <lei>N/A</lei>
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          <isin value="US881100DM03"/>
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        <curCd>USD</curCd>
        <valUSD>104833.19000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dutchess County Local Development Corp.</title>
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          <isin value="US267045LW01"/>
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        <curCd>USD</curCd>
        <valUSD>351915.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</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>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QKX9</cusip>
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          <isin value="US74526QKX96"/>
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        <curCd>USD</curCd>
        <valUSD>94900.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
        <cusip>04108VBS2</cusip>
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          <isin value="US04108VBS25"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123737.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moorestown Township School District</name>
        <lei>N/A</lei>
        <title>Moorestown Township School District</title>
        <cusip>616021NZ0</cusip>
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          <isin value="US616021NZ02"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264315.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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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          <isin value="US4521522L45"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103367.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Plaza at Noah's Ark Community Improvement District</name>
        <lei>N/A</lei>
        <title>Plaza at Noah's Ark Community Improvement District</title>
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          <isin value="US72813LAL36"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>3.00000000</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="US74526QYY24"/>
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        <invCountry>PR</invCountry>

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        <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>Orangeburg County Facilities Corp.</name>
        <lei>N/A</lei>
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          <isin value="US685357AV75"/>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Tennessee Energy Acquisition Corp.</name>
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          <isin value="US880443BQ82"/>
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          <maturityDt>2023-09-01</maturityDt>
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        <name>Ohio Air Quality Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>4.25000160</annualizedRt>
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        <name>University of South Carolina</name>
        <lei>N/A</lei>
        <title>University of South Carolina</title>
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          <isin value="US913367GD42"/>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>

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          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>Florida Atlantic University Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US31200CCT18"/>
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        <name>Public Finance Authority</name>
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        <invCountry>US</invCountry>
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        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>City of Chicago IL</name>
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        <name>Kansas Development Finance Authority</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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      <invstOrSec>
        <name>Southern Illinois University</name>
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        <name>City of Cabot AR Sales &amp; Use Tax Revenue</name>
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        <name>Bleckley County &amp; Dodge County Joint Development Authority</name>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>City of Dallas Housing Finance Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Waco Independent School District</name>
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        <name>Mississippi Development Bank</name>
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        <name>Genesee County Funding Corp. (The)</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>Troy Capital Resource Corp.</name>
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      <invstOrSec>
        <name>Waco Independent School District</name>
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      <invstOrSec>
        <name>Development Authority of Cobb County (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <isin value="US71884RAA05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.10000120</annualizedRt>
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        <name>Michigan State Housing Development Authority</name>
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          <isin value="US59465PAD06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-01</maturityDt>
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          <annualizedRt>0.55000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QA282"/>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>El Paso County Hospital District</name>
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          <isin value="US283590FX04"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Home Corp.</name>
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          <isin value="US60535QYQ71"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87240.09000000</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>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Ohio Air Quality Development Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>Magnolia Pointe Municipal Utility District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Michigan Strategic Fund</name>
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          <maturityDt>2035-06-30</maturityDt>
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        <name>District of Columbia</name>
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        <name>Travis County Housing Finance Corp.</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>

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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <invCountry>PR</invCountry>

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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116FE10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State Public School Building Authority</name>
        <lei>5493006JN0UR7OGWTO86</lei>
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          <isin value="US85732GUH19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Housing Finance Agency</name>
        <lei>549300K10X7VPG6JVX38</lei>
        <title>Ohio Housing Finance Agency</title>
        <cusip>67756Q2H9</cusip>
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          <isin value="US67756Q2H94"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>663801.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US74529JPW98"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17678.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Perth Amboy NJ</name>
        <lei>N/A</lei>
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          <isin value="US715382R744"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200815.70000000</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>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of New Jersey</name>
        <lei>N/A</lei>
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          <isin value="US646039WZ65"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147053.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712JCC53"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294385.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
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          <isin value="US74514L3K10"/>
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        <balance>38698.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33553.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut State Higher Education Supplement Loan Authority</name>
        <lei>N/A</lei>
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          <isin value="US207743WB79"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257184.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oregon Health &amp; Science University</name>
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        <valUSD>102216.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority</title>
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          <isin value="US45204FST39"/>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Clear Brook City Municipal Utility District</name>
        <lei>N/A</lei>
        <title>Clear Brook City Municipal Utility District</title>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
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          <isin value="US74514L3P07"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Indiana Housing &amp; Community Development Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Chestertown MD</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-03-01</maturityDt>
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          <annualizedRt>1.47000000</annualizedRt>
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        <name>Chattanooga-Hamilton County Hospital Authority</name>
        <lei>549300BFNMBLLM3M6C70</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Victorville CA Electric Revenue</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2033-05-01</maturityDt>
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      <invstOrSec>
        <name>Educational Enhancement Funding Corp.</name>
        <lei>N/A</lei>
        <title>Educational Enhancement Funding Corp.</title>
        <cusip>83754LAV9</cusip>
        <identifiers>
          <isin value="US83754LAV99"/>
        </identifiers>
        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>61493.36000000</valUSD>
        <pctVal>0.047915528164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.96100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116DM5</cusip>
        <identifiers>
          <isin value="US650116DM53"/>
        </identifiers>
        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285626.76000000</valUSD>
        <pctVal>0.222559916439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3Q8</cusip>
        <identifiers>
          <isin value="US74514L3Q89"/>
        </identifiers>
        <balance>12922.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11976.39000000</valUSD>
        <pctVal>0.009331984011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3J4</cusip>
        <identifiers>
          <isin value="US74514L3J47"/>
        </identifiers>
        <balance>40810.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42196.24000000</valUSD>
        <pctVal>0.032879242996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Elgin TX</name>
        <lei>N/A</lei>
        <title>City of Elgin</title>
        <cusip>286525TF7</cusip>
        <identifiers>
          <isin value="US286525TF78"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263700.38000000</valUSD>
        <pctVal>0.205474916068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2023-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Municipal Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Kasey Phillips</ncom:signature>
      <ncom:signerName>Kasey Phillips</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
