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      <invstOrSec>
        <name>COLORADO ST CTFS PARTN</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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      <invstOrSec>
        <name>COLORADO SPRINGS COLO UTILS REV</name>
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          <other otherDesc="Internal Identifier" value="674452"/>
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        <name>COLORADO ST BEST COP</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="679418"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
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        <name>DENVER COLO CITY &amp; CNTY SCH DIST NO 001</name>
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          <other otherDesc="Internal Identifier" value="658292"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>Centennial Water &amp; Sanitation District</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DENVER CO CITY &amp; CNTY COPS DV&amp;DP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PLATTE RIV PWR AUTH COLO PWR REV</name>
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          <other otherDesc="Internal Identifier" value="515516"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COLORADO SPRINGS COLO UTILS REV</name>
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          <other otherDesc="Internal Identifier" value="484179"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>E-470 PUB HIGHWAY AUTH COLO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PARK CREEK MET DIST COLO REV</name>
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        <name>COLORADO WTR RES &amp; PWR DEV AUT WTR REV</name>
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        <name>Denver City &amp; County School District No 1</name>
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        <name>Arapahoe County School District No 6 Littleton</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <name>E-470 PUB HIGHWAY AUTH COLO</name>
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        <name>Weld County School District No 6 Greeley</name>
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          <maturityDt>2049-03-01</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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      <invstOrSec>
        <name>E-470 PUB HIGHWAY AUTH COLO</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>COLORADO SCH MINES ENTERPRISE REV</name>
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        <name>ANTHEM WEST MET DIST COLO</name>
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        <name>E-470 PUB HIGHWAY AUTH COLO</name>
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        <name>PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV</name>
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        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>COMMERCE CITY COLO NORTHN GID</name>
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        <name>COLORADO MESA UNIV CO ENTERPRISE REV</name>
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        <name>PUEBLO COLO URBAN RENEWAL AUTH</name>
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        <name>COLORADO ST BEST COP</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <name>AURARIA HIGHER ED CTR COLO PKG</name>
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        <name>PUEBLO CNTY COLO COPS</name>
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        <name>PUEBLO COLO URBAN RENEWAL AUTH</name>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>PARK CREEK MET DIST COLO REV</name>
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        <name>COLORADO ST EDUCTNL &amp; CULTURAL FACS AUTH INDEPT DV&amp;DP</name>
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        <name>PUEBLO COLO URBAN RENEWAL AUTH</name>
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        <name>University of Colorado</name>
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        <name>PARK CREEK MET DIST COLO REV</name>
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        <name>REGIONAL TRANSN DIST COLO COPS</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
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      <invstOrSec>
        <name>PARK 70 CO MET DIST</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="646431"/>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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      <invstOrSec>
        <name>REGIONAL TRANSN DIST COLO COPS</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="481650"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Centennial Water &amp; Sanitation District</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
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      <invstOrSec>
        <name>COLORADO ST BEST COP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>University of Colorado</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1033207"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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        <name>State of Colorado</name>
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        <name>METROPOLITAN STATE UNIVERSITY OF DENVER</name>
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          <other otherDesc="Internal Identifier" value="624745"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Denver CO DV&amp;DP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EAGLE RIV COLO WTR &amp; SANTN DIST</name>
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        <name>CASTLE ROCK COLO SALES &amp; USE TAX</name>
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        <name>City of Westminster CO Water &amp; Wastewater Utility Revenue</name>
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        <name>POUDRE TECH MET DIST COLO</name>
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        <name>DENVER CO CITY &amp; CNTY DEDICATED TAX REVENUE</name>
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        <name>Winter Farm Metropolitan District No 2</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <name>COLORADO ST EDUCTNL &amp; CULTURAL FACS AUTH REVENUE</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>DENVER COLO HEALTH &amp; HOSP AUTH HEALTHCARE REVE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Colorado Springs CO Utilities System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
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        <name>ADAMS ST COLLEGE COLO</name>
        <lei>N/A</lei>
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          <maturityDt>2037-05-15</maturityDt>
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        <name>ADAMS &amp; WELD CNTYS SCH DIST NO 27J BRIGHTON</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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          <other otherDesc="Internal Identifier" value="560228"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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        <name>COMMERCE CITY CO SALES &amp; USE TAX REVENUE</name>
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          <other otherDesc="Internal Identifier" value="653554"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
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        <name>BOULDER VALLEY COLO SCH DIST NO RE2 BOULDER</name>
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          <other otherDesc="Internal Identifier" value="601777"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
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        <name>Arapahoe County Water &amp; Wastewater Authority</name>
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        <name>COLORADO SCH MINES ENTERPRISE REV</name>
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        <name>Winter Farm Metropolitan District No 2</name>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <name>Board of Governors of Colorado State University System</name>
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        <name>UNIVERSITY NORTHN COLO</name>
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      </invstOrSec>
      <invstOrSec>
        <name>WELD CNTY CO SCH DIST #RE-4</name>
        <lei>N/A</lei>
        <title>WELD CNTY CO SCH DIST #RE-4</title>
        <cusip>949232EC2</cusip>
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          <other otherDesc="Internal Identifier" value="654428"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
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        <cusip>249182NM4</cusip>
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          <other otherDesc="Internal Identifier" value="1020091"/>
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        <valUSD>3977370.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
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          <other otherDesc="Internal Identifier" value="674669"/>
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        <valUSD>5808450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CASTLE ROCK COLO SALES &amp; USE TAX</name>
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        <title>CASTLE ROCK COLO SALES &amp; USE TAX</title>
        <cusip>14849TDJ8</cusip>
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          <other otherDesc="Internal Identifier" value="543513"/>
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        <curCd>USD</curCd>
        <valUSD>3097205.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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          <other otherDesc="Internal Identifier" value="599609"/>
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        <curCd>USD</curCd>
        <valUSD>8267402.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PARK CREEK MET DIST COLO REV</name>
        <lei>N/A</lei>
        <title>PARK CREEK MET DIST COLO REV</title>
        <cusip>700387DM2</cusip>
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          <other otherDesc="Internal Identifier" value="619811"/>
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        <valUSD>8129940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <other otherDesc="Internal Identifier" value="930874"/>
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        <curCd>USD</curCd>
        <valUSD>6032050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Vauxmont Metropolitan District</name>
        <lei>549300M7XL6MB0OW8D56</lei>
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          <other otherDesc="Internal Identifier" value="1031643"/>
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        <valUSD>447571.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Denver International Business Center Metropolitan District No 1</name>
        <lei>N/A</lei>
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        <cusip>249197BA1</cusip>
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          <other otherDesc="Internal Identifier" value="984456"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Adams State University</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Larimer County School District No R-1 Poudre</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-15</maturityDt>
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        <name>WOODMOOR CO WTR &amp; SANTN DIST #1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>REGIONAL TRANSN DIST COLO COPS</name>
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        <name>DENVER COLO CITY &amp; CNTY SCH DIST NO 001 COPS</name>
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        <name>IGNACIO SCH DIST</name>
        <lei>N/A</lei>
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        <name>Pueblo City Schools</name>
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        <name>ADAMS ST COLLEGE COLO</name>
        <lei>N/A</lei>
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        <name>University of Colorado</name>
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        <name>BELL MOUNTAIN RANCH COLO METROPOLITAN DIST</name>
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        <name>S TIMNATH CO MET DIST #2</name>
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        <name>CASTLE ROCK COLO SALES &amp; USE TAX</name>
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      <invstOrSec>
        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UNIVERSITY COLO ENTERPRISE SYS REV</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Colorado Mesa University</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="986454"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Roaring Fork Transportation Authority</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal Identifier" value="1003406"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PARK CREEK MET DIST COLO REV</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>COLORADO HIGH PERFORMANCE TRANSPORTATION ENTERPR</name>
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        <name>Park Creek Metropolitan District</name>
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        <name>COLORADO SCH MINES ENTERPRISE REV</name>
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        <name>Board of Governors of Colorado State University System</name>
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        <name>REGIONAL TRANSN DIST COLO COPS</name>
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        <name>COLORADO ST BRD GOVERNORS UNIV ENTERPRISE SYS RE</name>
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        <name>MERIDIAN CO MET DIST</name>
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        <name>Colorado Health Facilities Authority</name>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO HEALTH FACS AUTH REV</title>
        <cusip>19648AJ30</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="555167"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5803000.00000000</valUSD>
        <pctVal>0.763299300033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>COLORADO SPRINGS COLO UTILS REV</name>
        <lei>N/A</lei>
        <title>COLORADO SPRINGS COLO UTILS REV</title>
        <cusip>196632WS8</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="613119"/>
        </identifiers>
        <balance>2665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3187286.70000000</valUSD>
        <pctVal>0.419240687078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</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>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>Colorado Housing &amp; Finance Authority</title>
        <cusip>196480CP0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1000081"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1057110.00000000</valUSD>
        <pctVal>0.139047272627</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>3.15000000</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>Weld County School District No RE-2 Eaton</name>
        <lei>N/A</lei>
        <title>Weld County School District No RE-2 Eaton</title>
        <cusip>949255HC0</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="1031482"/>
        </identifiers>
        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9758625.00000000</valUSD>
        <pctVal>1.283603589831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</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>AURORA CO WTR REVENUE</name>
        <lei>N/A</lei>
        <title>AURORA CO WTR REVENUE</title>
        <cusip>051595BC9</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="641177"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6093000.00000000</valUSD>
        <pctVal>0.801444534741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Fort Collins CO Electric Utility Enterprise Revenue</name>
        <lei>N/A</lei>
        <title>City of Fort Collins CO Electric Utility Enterprise Revenue</title>
        <cusip>34710RAY6</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="876179"/>
        </identifiers>
        <balance>13500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17044020.00000000</valUSD>
        <pctVal>2.241890149191</pctVal>
        <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>5.00000000</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>COLORADO SPRINGS COLO UTILS REV</name>
        <lei>N/A</lei>
        <title>COLORADO SPRINGS COLO UTILS REV</title>
        <cusip>196632WQ2</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="613120"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3612210.00000000</valUSD>
        <pctVal>0.475133097462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
