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        <name>Pennsylvania Economic Development Financing Authority</name>
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          <maturityDt>2033-12-31</maturityDt>
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        <name>Westmoreland County Industrial Development Authority PA</name>
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          <isin value="US961008RR21"/>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Ohio Air Quality Development Authority</name>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>2.10000000</annualizedRt>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>Doylestown Hospital Authority</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Maricopa County Pollution Control Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
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        <name>City of Horace ND</name>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Build NYC Resource Corp.</name>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CZ75"/>
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        <curCd>USD</curCd>
        <valUSD>252763.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Housing Finance Agency</name>
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          <isin value="US70879QLX96"/>
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          <maturityDt>2051-10-01</maturityDt>
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        <name>Horizon Regional Municipal Utility District</name>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
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        <name>Connecticut State Higher Education Supplement Loan Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Indiana Housing &amp; Community Development Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>MFS Institutional Money Market Portfolio</name>
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        <name>Main Street Natural Gas, Inc.</name>
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      <invstOrSec>
        <name>Greater Asheville Regional Airport Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>Austin Convention Enterprises, Inc.</title>
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          <isin value="US052409EA36"/>
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      <invstOrSec>
        <name>Iowa Student Loan Liquidity Corp.</name>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Beach Development Authority</name>
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          <isin value="US92774NBF69"/>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>Public Finance Authority</name>
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          <isin value="US74442PTU92"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
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          <isin value="US05922KK578"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
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          <isin value="US49952MEG78"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584YN479"/>
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        <invCountry>US</invCountry>
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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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        <name>Industrial Development Authority of the County of Pima (The)</name>
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          <isin value="US72178AAM45"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>Illinois Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Minnesota Housing Finance Agency</name>
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        <name>Salem County Pollution Control Financing Authority</name>
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          <annualizedRt>4.45000000</annualizedRt>
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        <name>East Bethlehem Township Municipal Authority</name>
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        <name>New Mexico Mortgage Finance Authority</name>
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        <invCountry>US</invCountry>
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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>2022-07-01</maturityDt>
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        <name>Black Belt Energy Gas District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp.</title>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp.</title>
        <cusip>64972E3D9</cusip>
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          <isin value="US64972E3D99"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>561351.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toll Road Investors Partnership II LP</name>
        <lei>N/A</lei>
        <title>Toll Road Investors Partnership II LP</title>
        <cusip>88948ABA4</cusip>
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          <isin value="US88948ABA43"/>
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        <balance>149000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137872.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45506EBY8</cusip>
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          <isin value="US45506EBY86"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28375.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority</title>
        <cusip>594650UD3</cusip>
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          <isin value="US594650UD30"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522558.29000000</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>2042-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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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>13048VJJ8</cusip>
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          <isin value="US13048VJJ89"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500465.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
        <title>Massachusetts Educational Financing Authority</title>
        <cusip>57563RTD1</cusip>
        <identifiers>
          <isin value="US57563RTD16"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261684.36000000</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>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Ports Authority</name>
        <lei>5493001YXW15H9J1M026</lei>
        <title>South Carolina Ports Authority</title>
        <cusip>837123GW2</cusip>
        <identifiers>
          <isin value="US837123GW29"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138121.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oregon State Facilities Authority</name>
        <lei>N/A</lei>
        <title>Oregon State Facilities Authority, Series A</title>
        <cusip>68607MAA3</cusip>
        <identifiers>
          <isin value="US68607MAA36"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470972.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina State Education Assistance Authority</name>
        <lei>N/A</lei>
        <title>North Carolina State Education Assistance Authority, Series 2023A</title>
        <cusip>658262GW4</cusip>
        <identifiers>
          <isin value="US658262GW46"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62113.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Patriots Energy Group Financing Agency</name>
        <lei>5493008X0DFBVFH4HL19</lei>
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        <cusip>70342PAR5</cusip>
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          <isin value="US70342PAR55"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>707837.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
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        <cusip>795576LU9</cusip>
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          <isin value="US795576LU91"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1142923.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chandler Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Chandler Industrial Development Authority</title>
        <cusip>158862CB6</cusip>
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          <isin value="US158862CB65"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1305269.40000000</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>2052-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Clark Department of Aviation</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark Department of Aviation</title>
        <cusip>18085PSZ8</cusip>
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          <isin value="US18085PSZ89"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473427.73000000</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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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        <curCd>USD</curCd>
        <valUSD>966095.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Trimble KY</name>
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        <balance>345000.00000000</balance>
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        <valUSD>350308.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority, Series 2023 F</title>
        <cusip>13013JDD5</cusip>
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          <isin value="US13013JDD54"/>
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        <balance>395000.00000000</balance>
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        <valUSD>438179.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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          <isin value="US40065NCN57"/>
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        <curCd>USD</curCd>
        <valUSD>5384.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
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          <isin value="US40065FDE16"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>390806.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rogers County Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Rogers County Educational Facilities Authority</title>
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          <isin value="US77514RBR75"/>
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        <curCd>USD</curCd>
        <valUSD>578372.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442CDV3</cusip>
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          <isin value="US74442CDV37"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123816.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.14300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky Higher Education Student Loan Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Higher Education Student Loan Corp.</title>
        <cusip>49130NFM6</cusip>
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          <isin value="US49130NFM65"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542744.65000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Facilities Authority</title>
        <cusip>69651ABT0</cusip>
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          <isin value="US69651ABT07"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383677.35000000</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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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="US74514L3H80"/>
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        <balance>292016.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316712.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Detroit Downtown Development Authority</name>
        <lei>549300WO3NSMP6FECO66</lei>
        <title>Detroit Downtown Development Authority, Series 2018 A</title>
        <cusip>251135GK9</cusip>
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          <isin value="US251135GK98"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100673.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Duluth Economic Development Authority</title>
        <cusip>26444VAE0</cusip>
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          <isin value="US26444VAE02"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118447.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Student Loan Liquidity Corp.</name>
        <lei>549300FO1LWVSZKGJK70</lei>
        <title>Iowa Student Loan Liquidity Corp.</title>
        <cusip>462590MS6</cusip>
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          <isin value="US462590MS69"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4824.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QXU11"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74444UAT9</cusip>
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          <isin value="US74444UAT97"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>770906.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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        <cusip>155498MT2</cusip>
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          <isin value="US155498MT20"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167501WF81"/>
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        <valUSD>72851.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital Area Finance Authority</name>
        <lei>N/A</lei>
        <title>Capital Area Finance Authority, Series 2023</title>
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          <isin value="US13973GBJ85"/>
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        <balance>255000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Territory of Guam</name>
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        <balance>5000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <balance>90000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>Missouri Housing Development Commission, Series 2023 E</title>
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        <balance>310000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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          <isin value="US59447PD328"/>
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        <curCd>USD</curCd>
        <valUSD>45173.47000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Higher Education Assistance Agency</name>
        <lei>N/A</lei>
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        <cusip>70878CAN5</cusip>
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          <isin value="US70878CAN56"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8907.41000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SEW0</cusip>
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          <isin value="US13080SEW08"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130323.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corp.</name>
        <lei>N/A</lei>
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        <cusip>57665NAA3</cusip>
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          <isin value="US57665NAA37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100796.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Bridgeview IL</name>
        <lei>N/A</lei>
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          <isin value="US108555GG22"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219451.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.14000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency</title>
        <cusip>57587GSH9</cusip>
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          <isin value="US57587GSH91"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522299.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <cusip>74526QXR8</cusip>
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          <isin value="US74526QXR81"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Student Loan Authority</name>
        <lei>N/A</lei>
        <title>Rhode Island Student Loan Authority</title>
        <cusip>762323CP6</cusip>
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          <isin value="US762323CP61"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001895.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FSS5</cusip>
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          <isin value="US45204FSS55"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59809.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Office of Higher Education</name>
        <lei>N/A</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>999815.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Delaware Valley Regional Finance Authority</name>
        <lei>549300HGYP3NW885TT18</lei>
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        <cusip>246579JK3</cusip>
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          <isin value="US246579JK31"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.52790165</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Jackson TN</name>
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          <isin value="US46874TGH95"/>
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        <balance>10000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
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          <isin value="US165588DP66"/>
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        <balance>80000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
        <title>Tennessee Housing Development Agency</title>
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          <isin value="US880461XD54"/>
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        <balance>645000.00000000</balance>
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          <maturityDt>2043-07-01</maturityDt>
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        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-12-15</maturityDt>
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          <annualizedRt>9.58000000</annualizedRt>
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        <name>City of Galveston TX Wharves &amp; Terminal Revenue</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee Energy Acquisition Corp.</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>Tennessee Energy Acquisition Corp.</title>
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          <isin value="US880443EE26"/>
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        <balance>80000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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          <isin value="US64987JYU95"/>
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          <maturityDt>2062-05-01</maturityDt>
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          <annualizedRt>3.44999880</annualizedRt>
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          <maturityDt>2035-06-15</maturityDt>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chesapeake Economic Development Authority</name>
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          <isin value="US16532YAD04"/>
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        <curCd>USD</curCd>
        <valUSD>306805.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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          <annualizedRt>3.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>York County Economic Development Authority</name>
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          <isin value="US98659AAC99"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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          <annualizedRt>3.65000000</annualizedRt>
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        <name>Southeast Energy Authority A Cooperative District</name>
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          <isin value="US84136FBL04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
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          <annualizedRt>5.50000080</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Pennsylvania Housing Finance Agency</name>
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          <isin value="US70879QSZ71"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Gloucester County Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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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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        <invCountry>GU</invCountry>

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          <maturityDt>2026-10-01</maturityDt>
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        <name>Alabama Housing Finance Authority</name>
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      <invstOrSec>
        <name>City of Grand Forks ND</name>
        <lei>N/A</lei>
        <title>City of Grand Forks</title>
        <cusip>38546WDL1</cusip>
        <identifiers>
          <isin value="US38546WDL19"/>
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        <balance>985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>820598.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp., Series 2023</title>
        <cusip>882667CG1</cusip>
        <identifiers>
          <isin value="US882667CG13"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>187618.08000000</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>2038-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp. Sales Tax</title>
        <cusip>74529JPV1</cusip>
        <identifiers>
          <isin value="US74529JPV16"/>
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        <balance>23000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23111.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chester County Health and Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Chester County Health and Education Facilities Authority</title>
        <cusip>165579HA4</cusip>
        <identifiers>
          <isin value="US165579HA45"/>
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        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>390850.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63610FBJ4</cusip>
        <identifiers>
          <isin value="US63610FBJ49"/>
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        <balance>1070000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1216772.86000000</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>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QZM7</cusip>
        <identifiers>
          <isin value="US74526QZM76"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26000.00000000</valUSD>
        <pctVal>0.015647514707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority</title>
        <cusip>594654SG1</cusip>
        <identifiers>
          <isin value="US594654SG11"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382524.08000000</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>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584XNM9</cusip>
        <identifiers>
          <isin value="US57584XNM91"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88586.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
        <cusip>65830VAH3</cusip>
        <identifiers>
          <isin value="US65830VAH33"/>
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        <balance>985000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>527909.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3T2</cusip>
        <identifiers>
          <isin value="US74514L3T29"/>
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        <balance>171535.09000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93486.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>Vermont Student Assistance Corp.</title>
        <cusip>92428CMV3</cusip>
        <identifiers>
          <isin value="US92428CMV36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1083412.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nevada Housing Division</name>
        <lei>549300RE377OK3CTT852</lei>
        <title>Nevada Housing Division</title>
        <cusip>641272HM4</cusip>
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          <isin value="US641272HM41"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141620.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Variable</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>Everett Housing Authority/WA</name>
        <lei>N/A</lei>
        <title>Everett Housing Authority</title>
        <cusip>30002GAG4</cusip>
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          <isin value="US30002GAG47"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207191.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority, Series WW</title>
        <cusip>74526QUY6</cusip>
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          <isin value="US74526QUY69"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District</title>
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          <isin value="US84136FAV94"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>748691.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <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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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184590.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712JGK3</cusip>
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          <isin value="US97712JGK34"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219322.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443CAB9</cusip>
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          <isin value="US74443CAB90"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215188.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Chicago O'Hare International Airport</name>
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          <maturityDt>2033-01-01</maturityDt>
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        <name>Poplar Bluff Regional Transportation Development District Sales Tax Revenue</name>
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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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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Allentown Commercial and Industrial Development Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Municipal Electric Authority of Georgia</name>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US13048RAL15"/>
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        <valUSD>50089.69000000</valUSD>
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          <maturityDt>2041-10-01</maturityDt>
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        <name>Dowdell Public Utility District/TX</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>City of Topeka KS</name>
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          <maturityDt>2033-12-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>Illinois Housing Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>Norman Regional Hospital Authority</name>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Aviation</title>
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          <isin value="US5926467F40"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mapleton City UT</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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          <isin value="US649852AS92"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482154.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
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        <title>Private Colleges &amp; Universities Authority</title>
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          <isin value="US74265LT817"/>
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        <curCd>USD</curCd>
        <valUSD>1026341.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
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          <isin value="US74526Q2V37"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9857.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlantic City NJ</name>
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          <isin value="US048339TU95"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84817.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Beaumont Industrial Development Authority</name>
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        <title>Port of Beaumont Industrial Development Authority</title>
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          <isin value="US73358SAA15"/>
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        <curCd>USD</curCd>
        <valUSD>166266.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bartow County Development Authority</name>
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          <isin value="US069643BN34"/>
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        <curCd>USD</curCd>
        <valUSD>513359.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Dallas TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Ohio Air Quality Development Authority</name>
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          <isin value="US677525WS29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>District of Columbia Housing Finance Agency</name>
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        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>0.50000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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          <annualizedRt>11.00000000</annualizedRt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Pennsylvania Higher Education Assistance Agency</name>
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        <invCountry>US</invCountry>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Beech Grove Central School Building Corp.</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Kansas Development Finance Authority</name>
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          <maturityDt>2027-08-01</maturityDt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>Massachusetts Housing Finance Agency</name>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Indiana Secondary Market for Education Loans, Inc.</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Nashville Metropolitan Development &amp; Housing Agency</name>
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        <name>California School Finance Authority</name>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
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          <isin value="US09182TBT34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Facilities Authority</title>
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          <isin value="US696507VG42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
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          <isin value="US40065FDD33"/>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BTB0</cusip>
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          <isin value="US04052BTB08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487139.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>4.43000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
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          <isin value="US45129GLA12"/>
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        <curCd>USD</curCd>
        <valUSD>372981.35000000</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>2043-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DYA35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Affordable Housing Opportunities Trust</name>
        <lei>N/A</lei>
        <title>Affordable Housing Opportunities Trust, Series AH-01</title>
        <cusip>00826SAC4</cusip>
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          <isin value="US00826SAC44"/>
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        <curCd>USD</curCd>
        <valUSD>237579.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.52700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
        <title>Metropolitan Nashville Airport Authority (The)</title>
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          <isin value="US592195AX93"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>290526.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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        <cusip>594698TD4</cusip>
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          <isin value="US594698TD45"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>997810.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>University of Puerto Rico</name>
        <lei>N/A</lei>
        <title>University of Puerto Rico</title>
        <cusip>914811PX6</cusip>
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          <isin value="US914811PX62"/>
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        <balance>15000.00000000</balance>
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        <valUSD>15014.12000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>Cuyahoga Metropolitan Housing Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116GP57"/>
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        <name>City of Chicago IL</name>
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        <name>Great Pond Improvement District</name>
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        <name>Tennergy Corp.</name>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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          <maturityDt>2037-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <maturityDt>2050-01-01</maturityDt>
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          <annualizedRt>3.65000000</annualizedRt>
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        <name>Guam Government Waterworks Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <name>Michigan Finance Authority</name>
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        <name>Utah Housing Corp.</name>
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          <maturityDt>2051-08-21</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Port Authority of Houston of Harris County Texas</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Trimble KY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-01</maturityDt>
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        <name>Indiana County Industrial Development Authority</name>
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        <name>Maricopa County &amp; Phoenix Industrial Development Authorities</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Utah Housing Corp.</name>
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        <name>Michigan Finance Authority</name>
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        <name>Matagorda County Navigation District No. 1</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Allen OH Hospital Facilities Revenue</name>
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          <maturityDt>2051-10-01</maturityDt>
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          <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>
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          <isin value="US378286KU15"/>
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          <maturityDt>2033-07-01</maturityDt>
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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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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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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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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Jackson TN</name>
        <lei>N/A</lei>
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          <isin value="US46874THA34"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407212.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <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>
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          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Housing Finance Agency</name>
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          <isin value="US67886MD555"/>
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          <maturityDt>2054-09-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US546399LA22"/>
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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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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2029-10-01</maturityDt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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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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          <isin value="US88277PAE51"/>
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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>
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        <invCountry>PR</invCountry>

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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>6.05000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles County Development Authority</name>
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        <name>West Virginia Economic Development Authority</name>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
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        <title>Austin Convention Enterprises, Inc.</title>
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          <isin value="US052409DL00"/>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
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          <isin value="US20775HXT57"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Chestertown MD</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.78000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
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        <title>Austin Convention Enterprises, Inc.</title>
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          <isin value="US052409EC91"/>
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        <curCd>USD</curCd>
        <valUSD>75810.73000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SGT50"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Housing Finance Corp.</name>
        <lei>549300W0PCIJCI0JCF10</lei>
        <title>Florida Housing Finance Corp.</title>
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          <isin value="US34074HGX44"/>
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        <curCd>USD</curCd>
        <valUSD>407844.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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          <isin value="US939783Q588"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>831945.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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          <isin value="US74529JQC26"/>
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        <balance>41000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newark Board of Education</name>
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          <isin value="US650370DH93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US130493CH08"/>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45203H5E85"/>
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          <maturityDt>2037-11-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Virginia Beach Development Authority</name>
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        <name>District of Columbia</name>
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          <maturityDt>2049-06-01</maturityDt>
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      <invstOrSec>
        <name>Delaware State Housing Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <name>Infirmary Health System Special Care Facilities Financing Authority of Mobile</name>
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        <name>County of Miami-Dade Seaport Department</name>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FKF17"/>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Dutchess County Local Development Corp.</name>
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          <isin value="US267045LW01"/>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>Arkansas Development Finance Authority</name>
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          <isin value="US04108VBS25"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Sussex County Industrial Development Authority</name>
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          <isin value="US869279AC32"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>3.95000000</annualizedRt>
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        <name>Washington State Housing Finance Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Plaza at Noah's Ark Community Improvement District</name>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Orangeburg County Facilities Corp.</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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      <invstOrSec>
        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Maine State Housing Authority</name>
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          <isin value="US56052FZJ73"/>
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          <maturityDt>2054-11-15</maturityDt>
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        <name>City of Chicago IL</name>
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          <annualizedRt>4.00000000</annualizedRt>
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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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          <maturityDt>2052-12-01</maturityDt>
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          <annualizedRt>5.00000040</annualizedRt>
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        <name>Guam Government Waterworks Authority</name>
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        <invCountry>GU</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Long Beach NY</name>
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        <name>New Mexico Mortgage Finance Authority</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Development Authority of Burke County (The)</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <name>New York Transportation Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Indiana County Industrial Development Authority</title>
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          <isin value="US45469NDZ87"/>
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        <curCd>USD</curCd>
        <valUSD>486501.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447PH20</cusip>
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          <isin value="US59447PH204"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35150.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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          <isin value="US40065HDU14"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61463.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toll Road Investors Partnership II LP</name>
        <lei>N/A</lei>
        <title>Toll Road Investors Partnership II LP</title>
        <cusip>88948ABD8</cusip>
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          <isin value="US88948ABD81"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>373487.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13058TPT1</cusip>
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          <isin value="US13058TPT15"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529593.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
        <title>Territory of Guam</title>
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          <isin value="US40065NCR61"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28719.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74444VBL36"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harlandale Independent School District</name>
        <lei>N/A</lei>
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        <cusip>412707KD2</cusip>
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          <isin value="US412707KD22"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Housing Finance Corp.</name>
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          <isin value="US34074HGZ91"/>
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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>2027-02-01</maturityDt>
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          <annualizedRt>5.00000040</annualizedRt>
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        <name>New York State Housing Finance Agency</name>
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          <isin value="US64987JSF92"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-11-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <maturityDt>2040-06-30</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Toll Road Investors Partnership II LP</name>
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          <maturityDt>2043-02-15</maturityDt>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>City of Pompano Beach FL</name>
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        <name>Southern Illinois University</name>
        <lei>N/A</lei>
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        <name>Texas Public Finance Authority</name>
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      <invstOrSec>
        <name>Miami-Dade County Housing Finance Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Mississippi Development Bank</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <name>County of Dorchester SC</name>
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        <name>Chicago Board of Education</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>Waco Independent School District</name>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US442349GP58"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New York State Energy Research &amp; Development Authority</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Michigan State Housing Development Authority</name>
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          <isin value="US59465PAD06"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.55000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QA282"/>
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        <curCd>USD</curCd>
        <valUSD>10400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QKP62"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>El Paso County Hospital District</name>
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          <isin value="US283590FX04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
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          <isin value="US605155BU36"/>
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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>2048-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Industrial Development Authority of the City of Phoenix Arizona (The)</name>
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          <isin value="US71885DCR17"/>
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        <curCd>USD</curCd>
        <valUSD>205346.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mississippi Home Corp.</name>
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          <isin value="US60535QYQ71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Poplar Bluff Regional Transportation Development District Sales Tax Revenue</name>
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        <name>Ohio Air Quality Development Authority</name>
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          <isin value="US677525WU74"/>
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          <maturityDt>2030-09-01</maturityDt>
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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>Arkansas Development Finance Authority</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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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Higher Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Washington Higher Education Facilities Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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          <isin value="US167510BE52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QXB30"/>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2018-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Ohio Housing Finance Agency</name>
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          <isin value="US67756Q2H94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>Village Community Development District No. 15</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Indiana Finance Authority</name>
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          <maturityDt>2038-06-01</maturityDt>
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        <name>Brazos Higher Education Authority, Inc.</name>
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        <name>County of Hamilton OH</name>
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          <maturityDt>2038-01-01</maturityDt>
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        <name>Louisa Industrial Development Authority</name>
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        <name>Connecticut State Higher Education Supplement Loan Authority</name>
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        <name>Oregon Health &amp; Science University</name>
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        <name>Illinois Finance Authority</name>
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        <name>Black Belt Energy Gas District</name>
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        <cusip>09182TDB0</cusip>
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          <isin value="US09182TDB08"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>276198.15000000</valUSD>
        <pctVal>0.166223639014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Housing &amp; Redevelopment Authority of The City of St Paul Minnesota</name>
        <lei>549300FQCUW4VH929113</lei>
        <title>Housing &amp; Redevelopment Authority of The City of St Paul Minnesota</title>
        <cusip>792892JW2</cusip>
        <identifiers>
          <isin value="US792892JW22"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>748149.23000000</valUSD>
        <pctVal>0.450256772307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority</title>
        <cusip>13013JCM6</cusip>
        <identifiers>
          <isin value="US13013JCM62"/>
        </identifiers>
        <balance>770000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>814522.32000000</valUSD>
        <pctVal>0.490201922382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.24999880</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 Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>645780FT9</cusip>
        <identifiers>
          <isin value="US645780FT91"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262610.19000000</valUSD>
        <pctVal>0.158046031169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</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>Lamar Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>Lamar Consolidated Independent School District</title>
        <cusip>513174G97</cusip>
        <identifiers>
          <isin value="US513174G973"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110546.07000000</valUSD>
        <pctVal>0.066529663700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</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>74514L3P0</cusip>
        <identifiers>
          <isin value="US74514L3P07"/>
        </identifiers>
        <balance>42214.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37598.82000000</valUSD>
        <pctVal>0.022628003420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chattanooga-Hamilton County Hospital Authority</name>
        <lei>549300BFNMBLLM3M6C70</lei>
        <title>Chattanooga-Hamilton County Hospital Authority</title>
        <cusip>162362HY6</cusip>
        <identifiers>
          <isin value="US162362HY60"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1003101.80000000</valUSD>
        <pctVal>0.603694237262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>63843.76000000</valUSD>
        <pctVal>0.038422929753</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>295721.85000000</valUSD>
        <pctVal>0.177973538356</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>6295.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6171.42000000</valUSD>
        <pctVal>0.003714130200</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>45395.26000000</valUSD>
        <pctVal>0.027320115327</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>
    </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>2024-01-30</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>
