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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
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        <curCd>USD</curCd>
        <valUSD>879168.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Parrish Plantation Community Development District</name>
        <lei>N/A</lei>
        <title>Parrish Plantation Community Development District, Series 2024</title>
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          <isin value="US701830AJ08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US91754TYR84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Verano No. 4 Community Development District</name>
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          <isin value="US92337SAB51"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Karl's Farm Metropolitan District No. 2</name>
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          <isin value="US48565KAA97"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>664350.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Entrada Community Development District</name>
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          <isin value="US29384HAB33"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>350535.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Lago Vista TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Franklin County Industrial Development Authority, Series 2019</title>
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          <isin value="US353273CF04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Epperson North Community Development District</name>
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          <isin value="US29429VAF04"/>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Sorrento Pines Community Development District</name>
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          <isin value="US83587TAC71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Silver Palms West Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>Stonewater Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US861886AB50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buckhead Trails Community Development District</name>
        <lei>N/A</lei>
        <title>Buckhead Trails Community Development District, Series 2022</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Travis County Development Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Royse City TX</name>
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      <invstOrSec>
        <name>City of Tomball TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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      <invstOrSec>
        <name>Tradition Community Development District No. 9</name>
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      <invstOrSec>
        <name>Lakes at Bella Lago Community Development District</name>
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        <title>Lakes at Bella Lago Community Development District, Series 2023-1</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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      <invstOrSec>
        <name>Copes Landing Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Uhland TX</name>
        <lei>N/A</lei>
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          <isin value="US90352SAF02"/>
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        <curCd>USD</curCd>
        <valUSD>876861.21000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Deering Park Stewardship District</name>
        <lei>N/A</lei>
        <title>Deering Park Stewardship District, Series 2025</title>
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        <balance>2300000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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      <invstOrSec>
        <name>Stoneybrook South at Championsgate Community Development District</name>
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          <isin value="US86203JAJ16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Northridge Community Development District</name>
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          <isin value="US66668PAC23"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <balance>1175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Buckhead Trails Community Development District</name>
        <lei>N/A</lei>
        <title>Buckhead Trails Community Development District, Series 2024</title>
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          <isin value="US11836UAF75"/>
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        <balance>580000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>Chapel Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Chapel Creek Community Development District, Series 2021</title>
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          <isin value="US15942MAE03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Tuckers Pointe Community Development District</name>
        <lei>N/A</lei>
        <title>Tuckers Pointe Community Development District, Series 2022</title>
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          <isin value="US898691AB65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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      <invstOrSec>
        <name>Cordova Palms Community Development District</name>
        <lei>N/A</lei>
        <title>Cordova Palms Community Development District, Series 2022-1</title>
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          <isin value="US21864YAH99"/>
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        <balance>410000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <name>Highland Trails Community Development District</name>
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      <invstOrSec>
        <name>City of Kyle TX</name>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>Riverside County Transportation Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <name>Kindred Community Development District II</name>
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        <name>City of Royse City TX</name>
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        <name>LT Ranch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Pine Isle Community Development District</name>
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        <name>Parrish Plantation Community Development District</name>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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        <name>Darby Community Development District</name>
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        <name>City of Las Vegas NV Special Improvement District No. 612 Skye Hills</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Storey Drive Community Development District</name>
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        <name>V-Dana Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Westside Haines City Community Development District</name>
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        <name>Windward Community Development District</name>
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        <name>Charlotte County Industrial Development Authority/FL</name>
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        <name>Avalon Groves Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Nexus North at DIA Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cape Girardeau County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Cape Girardeau County Industrial Development Authority, Series 2016 A</title>
        <cusip>139404FK8</cusip>
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          <isin value="US139404FK82"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3286609.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>West Villages Improvement District</name>
        <lei>N/A</lei>
        <title>West Villages Improvement District, Series 2023</title>
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        <identifiers>
          <isin value="US956454CE06"/>
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        <balance>1495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1499461.53000000</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>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Westwood of Pasco Community Development District</name>
        <lei>N/A</lei>
        <title>Westwood of Pasco Community Development District, Series 2023</title>
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          <isin value="US96181RAC34"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142786.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Series 2016 A</title>
        <cusip>13048TG23</cusip>
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          <isin value="US13048TG233"/>
          <other otherDesc="Inhouse Asset ID" value="652016"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4570753.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2021 A</title>
        <cusip>744396GG1</cusip>
        <identifiers>
          <isin value="US744396GG19"/>
          <other otherDesc="Inhouse Asset ID" value="1148893"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>269819.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
        <lei>N/A</lei>
        <title>Kingman Gate Community Development District, Series 2020</title>
        <cusip>495742AD0</cusip>
        <identifiers>
          <isin value="US495742AD00"/>
          <other otherDesc="Inhouse Asset ID" value="1087694"/>
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        <balance>2270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1896005.02000000</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>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
        <title>City of Royse City, Series 2022</title>
        <cusip>780870BL4</cusip>
        <identifiers>
          <isin value="US780870BL40"/>
          <other otherDesc="Inhouse Asset ID" value="1214892"/>
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        <balance>1267000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1252216.77000000</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>2052-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., Series 2020</title>
        <cusip>650116CW4</cusip>
        <identifiers>
          <isin value="US650116CW45"/>
          <other otherDesc="Inhouse Asset ID" value="1085261"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5108944.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LTC Ranch West Residential Community Development District</name>
        <lei>N/A</lei>
        <title>LTC Ranch West Residential Community Development District, Series 2024 AA-2</title>
        <cusip>50218SAH4</cusip>
        <identifiers>
          <isin value="US50218SAH40"/>
          <other otherDesc="Inhouse Asset ID" value="1346530"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293841.94000000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 812</name>
        <lei>N/A</lei>
        <title>City of Las Vegas, Series 2015</title>
        <cusip>517784AS3</cusip>
        <identifiers>
          <isin value="US517784AS37"/>
          <other otherDesc="Inhouse Asset ID" value="618836"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>901721.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</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>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association, Series 2010 A</title>
        <cusip>45130CAB7</cusip>
        <identifiers>
          <isin value="US45130CAB72"/>
          <other otherDesc="Inhouse Asset ID" value="483883"/>
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        <balance>13305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13325805.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Polk County Hospital Facility Authority</name>
        <lei>N/A</lei>
        <title>Polk County Hospital Facility Authority, Series 2020 A</title>
        <cusip>731347AF7</cusip>
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          <isin value="US731347AF70"/>
          <other otherDesc="Inhouse Asset ID" value="1088552"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2987568.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mclendon-Chisholm TX</name>
        <lei>N/A</lei>
        <title>City of Mclendon-Chisholm, Series 2021</title>
        <cusip>582153BD3</cusip>
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          <isin value="US582153BD30"/>
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        <balance>865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648932.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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, Series 2015 A</title>
        <cusip>13048TWM1</cusip>
        <identifiers>
          <isin value="US13048TWM16"/>
          <other otherDesc="Inhouse Asset ID" value="607812"/>
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        <balance>17400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16864695.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Parrish Plantation Community Development District</name>
        <lei>N/A</lei>
        <title>Parrish Plantation Community Development District, Series 2021</title>
        <cusip>701830AB7</cusip>
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          <isin value="US701830AB71"/>
          <other otherDesc="Inhouse Asset ID" value="1131211"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225453.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Series 2017</title>
        <cusip>64542UDW1</cusip>
        <identifiers>
          <isin value="US64542UDW18"/>
          <other otherDesc="Inhouse Asset ID" value="680824"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4773959.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2011 B</title>
        <cusip>66285WHD1</cusip>
        <identifiers>
          <isin value="US66285WHD11"/>
          <other otherDesc="Inhouse Asset ID" value="492250"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3966971.25000000</valUSD>
        <pctVal>0.086785312994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Everlands Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Windsor Cay Community Development District</name>
        <lei>N/A</lei>
        <title>Windsor Cay Community Development District, Series 2024</title>
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        <identifiers>
          <isin value="US97352AAC18"/>
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        <curCd>USD</curCd>
        <valUSD>774511.70000000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Sinton TX</name>
        <lei>N/A</lei>
        <title>City of Sinton, Series 2022</title>
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          <isin value="US829366AD54"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1154102.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Longleaf Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US54306EAF43"/>
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        <balance>815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>739956.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>City of Decatur TX</name>
        <lei>N/A</lei>
        <title>City of Decatur, Series 2025</title>
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          <isin value="US243340AF32"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1332856.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
        <lei>N/A</lei>
        <title>North AR-1 Pasco Community Development District, Series 2024 A</title>
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          <isin value="US65725AAQ76"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341157.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Six Mile Creek Community Development District, Series 2021</title>
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          <isin value="US83005TBJ51"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>641866.91000000</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</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, Series 2019</title>
        <cusip>13081CAC2</cusip>
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          <isin value="US13081CAC29"/>
          <other otherDesc="Inhouse Asset ID" value="955372"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1279529.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bannon Lakes Community Development District</name>
        <lei>N/A</lei>
        <title>Bannon Lakes Community Development District, Series 2021</title>
        <cusip>066697AF0</cusip>
        <identifiers>
          <isin value="US066697AF02"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581282.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Crandall TX</name>
        <lei>N/A</lei>
        <title>City of Crandall, Series 2021</title>
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          <isin value="US224384AF47"/>
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        <balance>409000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405365.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Fate TX</name>
        <lei>N/A</lei>
        <title>City of Fate, Series 2022</title>
        <cusip>31189RCF3</cusip>
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          <isin value="US31189RCF38"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Rye Crossing Community Development District</name>
        <lei>N/A</lei>
        <title>Rye Crossing Community Development District, Series 2024</title>
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          <isin value="US783567AD27"/>
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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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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        <name>Summerstone Community Development District</name>
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          <isin value="US865711AB11"/>
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        <balance>165000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Venus TX</name>
        <lei>N/A</lei>
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          <isin value="US92334AAG67"/>
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        <balance>1009000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Peace Crossing Community Development District</name>
        <lei>N/A</lei>
        <title>Peace Crossing Community Development District, Series 2024</title>
        <cusip>70459HAB7</cusip>
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          <isin value="US70459HAB78"/>
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        <balance>2825000.00000000</balance>
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        <valUSD>2644899.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>River Glen Community Development District</name>
        <lei>N/A</lei>
        <title>River Glen Community Development District, Series 2021</title>
        <cusip>76830AAR4</cusip>
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          <isin value="US76830AAR41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>806700.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Agency, Inc.</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>Capital Trust Agency, Inc., Series 2021 A</title>
        <cusip>14054CEC9</cusip>
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          <isin value="US14054CEC91"/>
          <other otherDesc="Inhouse Asset ID" value="1153282"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316755.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Crosswinds East Community Development District</name>
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        <name>Cleveland Housing Authority</name>
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        <name>Sunbridge Stewardship District</name>
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        <name>Longleaf Community Development District</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Jefferson County Public Hospital District No. 2</name>
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        <name>Copperleaf Metropolitan District No. 6</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>City of Kyle TX</name>
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        <name>Meadow View at Twin Creeks Community Development District</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>New Port Tampa Bay Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>City of Anna TX</name>
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        <curCd>USD</curCd>
        <valUSD>445761.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Port Community Development District</name>
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        <curCd>USD</curCd>
        <valUSD>538813.19000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>K-Bar Ranch III Community Development District</name>
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        <balance>1940000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Johnstown Farms East Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Forest Lake Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Princeton TX</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>3rd and Havana Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Cypress Bay West Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Community Housing Agency</name>
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        <name>Westview South Community Development District</name>
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        <name>Rye Crossing Community Development District</name>
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      <invstOrSec>
        <name>Artisan Lakes East Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avalon Groves Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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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>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Epperson North Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Westview North Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LT Ranch Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cordoba Ranch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Club Municipal Management District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lehigh County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Celina TX</name>
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        <name>Coral Creek Community Development District</name>
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        <name>Buena Lago Community Development District</name>
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        <name>Rivers Edge III Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>Club Municipal Management District No. 1</name>
        <lei>N/A</lei>
        <title>Club Municipal Management District No. 1, Series 2024</title>
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        <name>Verano No. 2 Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>North Powerline Road Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>City of Hutto TX</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Berry Bay II Community Development District</name>
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        <name>iShares National Muni Bond ETF</name>
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        <name>City of San Marcos TX</name>
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        <name>City of Lavon TX</name>
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        <name>Cypress Park Estates Community Development District</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
        <lei>N/A</lei>
        <title>Babcock Ranch Community Independent Special District, Series 2021</title>
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        <curCd>USD</curCd>
        <valUSD>437321.48000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CalPlant I LLC</name>
        <lei>N/A</lei>
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          <isin value="US13136CAB90"/>
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        <balance>7205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>936650.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Storey Creek Community Development District, Series 2024</title>
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          <isin value="US86216CAK80"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Midlothian TX</name>
        <lei>N/A</lei>
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          <isin value="US59785RAD98"/>
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        <balance>1635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1279066.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wind Meadows South Community Development District</name>
        <lei>N/A</lei>
        <title>Wind Meadows South Community Development District, Series 2023</title>
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          <isin value="US97316TAF84"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>908486.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
        <lei>N/A</lei>
        <title>Babcock Ranch Community Independent Special District, Series 2020</title>
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          <isin value="US05616KAY64"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avenir Community Development District</name>
        <lei>N/A</lei>
        <title>Avenir Community Development District, Series 2023</title>
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          <isin value="US05357JAR77"/>
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        <balance>3030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2981987.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Westview North Community Development District</name>
        <lei>N/A</lei>
        <title>Westview North Community Development District, Series 2022</title>
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          <isin value="US961557AC97"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1273159.75000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Coast Park Community Development District</name>
        <lei>N/A</lei>
        <title>Palm Coast Park Community Development District, Series 2024</title>
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          <isin value="US69661TAT88"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>930555.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kelly Park Community Development District</name>
        <lei>N/A</lei>
        <title>Kelly Park Community Development District, Series 2025</title>
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          <isin value="US488141AF91"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>699577.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
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          <isin value="US780870BN06"/>
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        <balance>1107000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113330.49000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Pine Isle Community Development District</name>
        <lei>N/A</lei>
        <title>Pine Isle Community Development District, Series 2021</title>
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          <isin value="US72265AAC09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>824769.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Willows Community Development District</name>
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          <isin value="US971264AF30"/>
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        <balance>1440000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Chapel Creek Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US15942MAF77"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>431125.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>City of Fate TX</name>
        <lei>N/A</lei>
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          <isin value="US31189RBZ01"/>
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        <balance>711000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>660722.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>City of Hutto TX</name>
        <lei>N/A</lei>
        <title>City of Hutto, Series 2021</title>
        <cusip>448529AJ6</cusip>
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          <isin value="US448529AJ69"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99030.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Harmony West Community Development District</name>
        <lei>N/A</lei>
        <title>Harmony West Community Development District, Series 2023</title>
        <cusip>413305AH6</cusip>
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          <isin value="US413305AH65"/>
          <other otherDesc="Inhouse Asset ID" value="1238416"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293630.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Currents Community Development District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>West Villages Improvement District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Florida Local Government Finance Commission</name>
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        <name>Sawgrass Village Community Development District</name>
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        <name>Astonia Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-15</maturityDt>
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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tamarindo Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <balance>555000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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        <name>Rhodine Road North Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US155498BF45"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Anabelle Island Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US04110FAA30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542RAX98"/>
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        <balance>1500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Hills of Minneola Community Development District</name>
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          <isin value="US431688AK69"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>North River Ranch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Sandmine Road Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>DW Bayview Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US23342SAB34"/>
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        <invCountry>US</invCountry>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888808HR61"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Forest Lake Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>City of Crandall TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>River Place on the St. Lucie Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Peace Creek Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Princeton TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>K-Bar Ranch III Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bridgewater North Community Development District</name>
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        <name>Hawkstone Community Development District</name>
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        <name>Magnolia Island Community Development District</name>
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        <name>Crystal Cay Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tulsa County Industrial Authority</name>
        <lei>549300WEYXBXLGN1E271</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CDN11"/>
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        <curCd>USD</curCd>
        <valUSD>415116.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verano No. 2 Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US92337JBF57"/>
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        <curCd>USD</curCd>
        <valUSD>182187.76000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>City of Crandall TX</name>
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        <balance>232000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242174.57000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Copes Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Copes Landing Community Development District, Series 2023</title>
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          <isin value="US217288AB59"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>215368.27000000</valUSD>
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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>5.75000000</annualizedRt>
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        <name>Belmond Reserve Community Development District</name>
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          <isin value="US08015TAC62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dayton TX</name>
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          <isin value="US240094AC62"/>
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        <balance>764000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>738312.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
        <lei>N/A</lei>
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          <isin value="US13136CAA18"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Meadow View at Twin Creeks Community Development District</name>
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        <title>Meadow View at Twin Creeks Community Development District, Series 2021</title>
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          <isin value="US583188AX59"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193982.73000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sherwood Manor Community Development District</name>
        <lei>N/A</lei>
        <title>Sherwood Manor Community Development District, Series 2023</title>
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          <isin value="US824391AG10"/>
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        <balance>1570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558959.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series B-2</title>
        <cusip>709224BW8</cusip>
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          <isin value="US709224BW80"/>
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        <balance>25075000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
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          <isin value="US05616KBJ88"/>
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        <balance>890000.00000000</balance>
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          <maturityDt>2051-05-01</maturityDt>
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        <name>Chaparral Palm Bay Community Development District</name>
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          <isin value="US159419AC47"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Oak Point TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-15</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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        <name>Two Rivers East Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Marble Falls TX</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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        <name>Waterford Community Development District</name>
        <lei>N/A</lei>
        <title>Waterford Community Development District, Series 2025</title>
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          <isin value="US941376AJ42"/>
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        <balance>1590000.00000000</balance>
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        <valUSD>1592206.92000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Scenic Terrace North Community Development District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Mirada Community Development District</name>
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        <name>Hilltop Point Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stoddard County Industrial Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Mississippi Home Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>West Villages Improvement District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Terra Lago Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>Avalon Park West Community Development District</name>
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          <isin value="US05346TAH14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
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        <name>Bellehaven Community Development District</name>
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          <isin value="US07876CAB54"/>
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          <maturityDt>2055-05-01</maturityDt>
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        <name>Palm Coast 145 Community Development District</name>
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        <name>Cordova Palms Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US21864YAG17"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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        <name>Bellehaven Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US07876CAA71"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.80000000</annualizedRt>
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        <name>City of Dripping Springs TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Eagle Brook Meadows Metropolitan District No. 3</name>
        <lei>N/A</lei>
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          <isin value="US26943TAA97"/>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cypress Park Estates Community Development District</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Anabelle Island Community Development District</name>
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        <name>Waterford Community Development District</name>
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          <isin value="US941376AB16"/>
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        <fairValLevel>2</fairValLevel>
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        <name>West Meadow Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>City of Anna TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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        <name>Johnson City Health &amp; Educational Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Silver Oaks Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lakewood Ranch Stewardship District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Twisted Oaks Pointe Community Development District</name>
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        <name>West Port Community Development District</name>
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          <annualizedRt>3.40000000</annualizedRt>
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        <name>Children's Trust Fund</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
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      <invstOrSec>
        <name>Willows Community Development District</name>
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        <name>Tradition Community Development District No. 9</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Rookery Community Development District</name>
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        <name>Leomas Landing Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Elmendorf TX</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Liberty Hill TX</name>
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        <name>Reunion East Community Development District</name>
        <lei>N/A</lei>
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        <name>Public Authority for Colorado Energy</name>
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        <name>Arbors Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sandridge Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Trevesta Community Development District</name>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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      <invstOrSec>
        <name>LTC Ranch West Residential Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lawson Dunes Community Development District</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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      <invstOrSec>
        <name>City of Kyle TX</name>
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        <name>Hills of Minneola Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Hammock Reserve Community Development District</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <name>Sawgrass Village Community Development District</name>
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        <name>MidCity Improvement District</name>
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          <isin value="US59564KAB52"/>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <name>District of Columbia Tobacco Settlement Financing Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>None</couponKind>
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        <lei>N/A</lei>
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        <valUSD>54506.45000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712JDR14"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Timber Creek Southwest Community Development District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
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      <invstOrSec>
        <name>Kelly Park Community Development District</name>
        <lei>N/A</lei>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>864792.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-01</maturityDt>
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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
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        <curCd>USD</curCd>
        <valUSD>767540.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 611</name>
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        <curCd>USD</curCd>
        <valUSD>159004.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Community College Financing Authority</name>
        <lei>N/A</lei>
        <title>California Community College Financing Authority, Series 2022 C</title>
        <cusip>13012TAJ4</cusip>
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          <isin value="US13012TAJ43"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5857133.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Sawgrass Village Community Development District</name>
        <lei>N/A</lei>
        <title>Sawgrass Village Community Development District, Series 2023</title>
        <cusip>805462AC2</cusip>
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          <isin value="US805462AC25"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1552868.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Peace Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Peace Creek Community Development District, Series 2023</title>
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          <isin value="US70459AAC09"/>
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        <balance>1615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1566957.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>City of Fate TX</name>
        <lei>N/A</lei>
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          <isin value="US31189RCJ59"/>
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        <balance>1617000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1561511.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 611</name>
        <lei>N/A</lei>
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        <cusip>51778CAN6</cusip>
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          <isin value="US51778CAN65"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163710.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Twisted Oaks Pointe Community Development District</name>
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        <title>Twisted Oaks Pointe Community Development District, Series 2024</title>
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          <isin value="US90184FAJ49"/>
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        <balance>1400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cornerstar Metropolitan District</name>
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          <isin value="US21923JAC27"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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        <name>Palm Coast Park Community Development District</name>
        <lei>N/A</lei>
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        <balance>730000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Town of Lakewood Village TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-15</maturityDt>
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      <invstOrSec>
        <name>Parrish Lakes Community Development District</name>
        <lei>N/A</lei>
        <title>Parrish Lakes Community Development District, Series 2023</title>
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          <isin value="US70183FAC23"/>
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        <balance>980000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Epperson North Community Development District</name>
        <lei>N/A</lei>
        <title>Epperson North Community Development District, Series 2021</title>
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          <isin value="US29429VAH69"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
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        <name>Lancaster County Hospital Authority</name>
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        <name>Chester County Industrial Development Authority</name>
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        <name>Mississippi Development Bank</name>
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        <name>Tulsa Municipal Airport Trust Trustees</name>
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        <name>Parrish Plantation Community Development District</name>
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        <name>Magnolia Island Community Development District</name>
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        <name>City of Justin TX</name>
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      <invstOrSec>
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        <name>North AR-1 Pasco Community Development District</name>
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        <name>Cresswind DeLand Community Development District</name>
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        <name>Town of Little Elm TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mirada II Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AES Guayama Holdings BV</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>M-S-R Energy Authority</name>
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        <name>Lakes of Sarasota Community Development District</name>
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        <name>River Landing Community Development District</name>
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        <name>Celebration Community Development District</name>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <name>Travis County Development Authority</name>
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        <name>Reserve at Van Oaks Community Development District</name>
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        <name>Palmdale Elementary School District</name>
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        <invCountry>US</invCountry>
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        <name>Lake Harris Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cordova Palms Community Development District</name>
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        <name>Henderson Local Improvement Districts</name>
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        <name>Lower Petroglyphs Public Improvement District</name>
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        <name>City of Las Vegas NV Special Improvement District No. 612 Skye Hills</name>
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        <name>City of Elmendorf TX</name>
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        <name>Public Finance Authority</name>
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        <name>California Community Housing Agency</name>
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        <name>Ohio Housing Finance Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Artisan Lakes East Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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        <name>Crystal Cay Community Development District</name>
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          <isin value="US229092AD33"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74444VAN01"/>
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      <invstOrSec>
        <name>Town of Little Elm TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
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        <name>CSCDA Community Improvement Authority</name>
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          <isin value="US126292CN92"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Seminole Palms Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Monongalia WV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Strategic Fund</name>
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        <name>Hamilton Bluff Community Development District</name>
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        <name>Pine Ridge Plantation Community Development District</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Six Mile Creek Community Development District</name>
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      <invstOrSec>
        <name>City of Kyle TX</name>
        <lei>549300K0SYODYQ0ANN48</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reunion East Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Avalon Park West Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Ave Maria Stewardship Community District</name>
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        <curCd>USD</curCd>
        <valUSD>2658510.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Arbors Community Development District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>City of Princeton TX</name>
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          <isin value="US742400CX02"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1015013.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Seminole County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Seminole County Industrial Development Authority, Series 2021 A</title>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617751.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cleveland Housing Authority</name>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Saltleaf Community Development District</name>
        <lei>N/A</lei>
        <title>Saltleaf Community Development District, Series 2024</title>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2954245.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>CalPlant I LLC</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>North River Ranch Improvement Stewardship District</name>
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          <isin value="US66200PAM59"/>
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        <balance>1400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.70000000</annualizedRt>
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        <name>Sunbridge Stewardship District</name>
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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
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        <name>Scenic Highway Community Development District</name>
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        <name>Hammock Oaks Community Development District</name>
        <lei>N/A</lei>
        <title>Hammock Oaks Community Development District, Series 2023</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Morgan Hill Metropolitan District No. 3</name>
        <lei>N/A</lei>
        <title>Morgan Hill Metropolitan District No. 3, Series 2021 B</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>Belmond Reserve Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lake Hideaway Community Development District</name>
        <lei>N/A</lei>
        <title>Lake Hideaway Community Development District, Series 2024</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palm Coast Park Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Villages at Castle Rock Metropolitan District No. 4</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Karis Municipal Management District of Tarrant County</name>
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      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Housing &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Tomball TX</name>
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        <name>West Port Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Seminole Palms Community Development District</name>
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        <name>Anabelle Island Community Development District</name>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>Timber Creek Southwest Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CalPlant I LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Ramsey MN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Forest Lake Community Development District</name>
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        <name>City of Sachse TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Savanna Lakes Community Development District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>City of Pilot Point TX</name>
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        <name>Lake Mattie Preserve Community Development District</name>
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      <invstOrSec>
        <name>Southern Groves Community Development District No. 5</name>
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        <name>Prosperity Lakes Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Lakes of Sarasota Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Brookstone Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Development Authority of Cobb County (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stellar North Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US85857KAA88"/>
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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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        <name>Island Lake Estates Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-15</maturityDt>
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        <name>Cordova Palms Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Parrish Plantation Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888808HT28"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Orange Blossom Groves Community Development District</name>
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          <maturityDt>2054-05-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>City of Aubrey TX</name>
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        <name>Darby Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Chapel Crossings Community Development District</name>
        <lei>N/A</lei>
        <title>Chapel Crossings Community Development District, Series 2020</title>
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      <invstOrSec>
        <name>Arbors Community Development District</name>
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      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Sachse TX</name>
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        <curCd>USD</curCd>
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        <name>East Waller County Management District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <valUSD>3082076.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LTC Ranch West Residential Community Development District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
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          <isin value="US495742AC27"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seminole County Industrial Development Authority</name>
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        <balance>705000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Silver Palms West Community Development District</name>
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        <balance>170000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>2.60000000</annualizedRt>
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      <invstOrSec>
        <name>City of Pilot Point TX</name>
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        <balance>1390000.00000000</balance>
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        <valUSD>1385352.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
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        <name>Red River Health Facilities Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lakes of Sarasota Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>3.40000000</annualizedRt>
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        <name>Northern Mariana Island Ports Authority</name>
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        <invCountry>MP</invCountry>
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          <annualizedRt>6.60000000</annualizedRt>
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      <invstOrSec>
        <name>City of Marble Falls TX</name>
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          <isin value="US566035AM37"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>California Community Housing Agency</name>
        <lei>N/A</lei>
        <title>California Community Housing Agency, Series 2020 A</title>
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          <isin value="US13013FAF18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US87972MAW29"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Silver Palms West Community Development District</name>
        <lei>N/A</lei>
        <title>Silver Palms West Community Development District, Series 2022</title>
        <cusip>82807YAC2</cusip>
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          <isin value="US82807YAC21"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Island Lake Estates Community Development District</name>
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        <name>River Hall Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Club Municipal Management District No. 1</name>
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          <isin value="US18948PAE16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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        <name>County of Montgomery TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
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        <name>DG Farms Community Development District</name>
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          <isin value="US23290TAH05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
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        <name>CalPlant I LLC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Parrish Lakes II Community Development District</name>
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          <isin value="US70183HAC88"/>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Georgia Housing &amp; Finance Authority</name>
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          <isin value="US37353PRJ02"/>
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        <name>City of Fate TX</name>
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        <name>City of Princeton TX</name>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Charlotte County Industrial Development Authority</name>
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        <name>Westside Haines City Community Development District</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Magnolia Park Community Development District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Suffolk Regional Off-Track Betting Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>STC Metropolitan District No. 2</name>
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        <title>STC Metropolitan District No. 2, Series 2025 A-2</title>
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          <isin value="US85780TBD46"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Bridgewalk Community Development District</name>
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        <title>Bridgewalk Community Development District, Series 2023</title>
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          <isin value="US108620AF20"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
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          <isin value="US13136CAL72"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1700000.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>MIDA Cormont Public Infrastructure District</name>
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        <title>MIDA Cormont Public Infrastructure District, Series 2025 A-2</title>
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          <isin value="US59561JAB17"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1839267.23000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Union Park East Community Development District</name>
        <lei>N/A</lei>
        <title>Union Park East Community Development District, Series 2021</title>
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          <isin value="US907874AN10"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126296.64000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Terra Lago Community Development District</name>
        <lei>N/A</lei>
        <title>Terra Lago Community Development District, Series 2025</title>
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          <isin value="US88104DAC56"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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        <name>Meadow View at Twin Creeks Community Development District</name>
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          <isin value="US583188AY33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Crestview II Community Development District</name>
        <lei>N/A</lei>
        <title>Crestview II Community Development District, Series 2020</title>
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          <isin value="US226321AC17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>City of Lavon TX</name>
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        <valUSD>443415.84000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
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        <name>Summer Woods Community Development District</name>
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          <isin value="US865657AM22"/>
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        <balance>395000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <name>Town of Flower Mound TX</name>
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        <balance>375000.00000000</balance>
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        <valUSD>370910.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</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>4420925.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Tempe Industrial Development Authority, Series 2019</title>
        <cusip>87972MBE1</cusip>
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          <isin value="US87972MBE12"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6851680.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
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        <name>Colliers Hill Metropolitan District No. 2</name>
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        <name>Hickory Tree Community Development District</name>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mesquite TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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        <name>East 547 Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stellar North Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westview South Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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        <name>Connerton East Community Development District</name>
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          <isin value="US208185AB45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Stoneybrook South Community Development District</name>
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        <title>Stoneybrook South at Championsgate Community Development District, Series 2020</title>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Princeton TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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      <invstOrSec>
        <name>Waterfront at Foster Lake Metropolitan District No. 2</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iowa Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pasadena Ridge Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US702300AB05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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      <invstOrSec>
        <name>Chaparral Palm Bay Community Development District</name>
        <lei>N/A</lei>
        <title>Chaparral Palm Bay Community Development District, Series 2024</title>
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          <isin value="US159419AG50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>Military Installation Development Authority</name>
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        <name>River Landing Community Development District</name>
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        <name>Club Municipal Management District No. 1</name>
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        <name>Public Finance Authority</name>
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        <name>City of Las Vegas NV Special Improvement District No. 816</name>
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        <name>Summerstone Community Development District</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Oak Point TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rustic Oaks Community Development District</name>
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      <invstOrSec>
        <name>M-S-R Energy Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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      <invstOrSec>
        <name>Savanna Lakes Community Development District</name>
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          <isin value="US804713AB18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
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          <isin value="US83005TBP12"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226214.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>Juniper Cove Community Development District</name>
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        <title>Juniper Cove Community Development District, Series 2025</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Plano TX</name>
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        <balance>7556000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
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        <name>RRC Metropolitan District No. 2</name>
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          <isin value="US78110PAA57"/>
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        <balance>5625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 611</name>
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          <isin value="US51778CAP14"/>
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        <balance>175000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kindred Community Development District II</name>
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          <isin value="US494581AF88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Allison Valley Metropolitan District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>Curiosity Creek Community Development District</name>
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        <name>City of Royse City TX</name>
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      <invstOrSec>
        <name>Three Rivers Community Development District</name>
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          <isin value="US88563MAK18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Authority, Series 2024 B</title>
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          <isin value="US546276DP80"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <name>Middleton Community Development District A</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Longleaf Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>Kentucky Public Transportation Infrastructure Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hammock Oaks Community Development District</name>
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        <name>Shingle Creek at Bronson Community Development District</name>
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        <name>Westside Haines City Community Development District</name>
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        <name>City of Valparaiso IN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dowden West Community Development District</name>
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        <name>City of Fate TX</name>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Belmont II Community Development District</name>
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        <name>Windsor Cay Community Development District</name>
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          <maturityDt>2044-05-01</maturityDt>
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      <invstOrSec>
        <name>Balm Grove Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US05874FAA66"/>
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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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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Nassau Stewardship District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Saddle Creek Preserve of Polk County Community Development District</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>Ridge at Apopka Community Development District</name>
        <lei>N/A</lei>
        <title>Ridge at Apopka Community Development District, Series 2023</title>
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          <isin value="US76571AAG13"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543075.39000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Sanctuary Cove Community Development District</name>
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        <title>Sanctuary Cove Community Development District, Series 2021</title>
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          <isin value="US79971TAB17"/>
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        <curCd>USD</curCd>
        <valUSD>180098.04000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Leomas Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Leomas Landing Community Development District, Series 2021</title>
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          <isin value="US526400AE61"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54517.09000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grande Pines Community Development District</name>
        <lei>N/A</lei>
        <title>Grande Pines Community Development District, Series 2021</title>
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          <isin value="US38656NAD84"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>582606.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>West Villages Improvement District</name>
        <lei>N/A</lei>
        <title>West Villages Improvement District, Series 2023</title>
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          <isin value="US956454CH37"/>
          <other otherDesc="Inhouse Asset ID" value="1300356"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252551.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CMFA Special Finance Agency XII</name>
        <lei>N/A</lei>
        <title>CMFA Special Finance Agency XII, Series 2022 A-2</title>
        <cusip>12574XAB4</cusip>
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          <isin value="US12574XAB47"/>
          <other otherDesc="Inhouse Asset ID" value="1182023"/>
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        <balance>21215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17169882.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Juniper Cove Community Development District</name>
        <lei>N/A</lei>
        <title>Juniper Cove Community Development District, Series 2025</title>
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          <isin value="US48203YAB56"/>
          <other otherDesc="Inhouse Asset ID" value="1436283"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496873.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>City of Huntsville TX</name>
        <lei>N/A</lei>
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          <isin value="US447288AC51"/>
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        <balance>742000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>696212.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>MidCity Improvement District</name>
        <lei>N/A</lei>
        <title>MidCity Improvement District, Series 2022</title>
        <cusip>59564KAD1</cusip>
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          <isin value="US59564KAD19"/>
          <other otherDesc="Inhouse Asset ID" value="1187058"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1965845.76000000</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>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>City of Oak Point TX</name>
        <lei>N/A</lei>
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          <isin value="US67176TAV52"/>
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        <balance>249000.00000000</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>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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      <invstOrSec>
        <name>Orange Blossom Groves Community Development District</name>
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          <isin value="US68407DAB38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Lake Mattie Preserve Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US510162AB66"/>
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        <balance>2005000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Series A</title>
        <cusip>64542RDJ7</cusip>
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          <isin value="US64542RDJ77"/>
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        <balance>25500000.00000000</balance>
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        <valUSD>23460262.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Summer Woods Community Development District</name>
        <lei>N/A</lei>
        <title>Summer Woods Community Development District, Series 2021</title>
        <cusip>865657AL4</cusip>
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          <isin value="US865657AL49"/>
          <other otherDesc="Inhouse Asset ID" value="1147043"/>
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        <balance>150000.00000000</balance>
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        <valUSD>145485.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Denton TX</name>
        <lei>N/A</lei>
        <title>County of Denton, Series 2024 A</title>
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          <isin value="US24880GAH20"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1648340.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
        <title>City of Royse City, Series 2020</title>
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          <isin value="US780870BC41"/>
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        <balance>1780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1378204.87000000</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>2050-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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          <isin value="US546399KA31"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3454509.60000000</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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CET71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>224776.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Justin TX</name>
        <lei>N/A</lei>
        <title>City of Justin, Series 2021</title>
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          <isin value="US482184AK46"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439060.55000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Midlothian TX</name>
        <lei>N/A</lei>
        <title>City of Midlothian, Series 2021</title>
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          <isin value="US59785RAE71"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226103.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US67756CDL90"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4727073.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New Braunfels TX</name>
        <lei>N/A</lei>
        <title>City of New Braunfels, Series 2021</title>
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        <identifiers>
          <isin value="US642573AD19"/>
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        <balance>1454000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1213467.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peace Crossing Community Development District</name>
        <lei>N/A</lei>
        <title>Peace Crossing Community Development District, Series 2024</title>
        <cusip>70459HAC5</cusip>
        <identifiers>
          <isin value="US70459HAC51"/>
          <other otherDesc="Inhouse Asset ID" value="1403649"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3694449.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakes of Sarasota Community Development District</name>
        <lei>N/A</lei>
        <title>Lakes of Sarasota Community Development District, Series 2021 A-1</title>
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        <identifiers>
          <isin value="US51206YAC49"/>
          <other otherDesc="Inhouse Asset ID" value="1140193"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243071.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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          <isin value="US56036YDK82"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5337151.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Villamar Community Development District</name>
        <lei>N/A</lei>
        <title>Villamar Community Development District, Series 2020</title>
        <cusip>92715KAG3</cusip>
        <identifiers>
          <isin value="US92715KAG31"/>
          <other otherDesc="Inhouse Asset ID" value="1122286"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>578223.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sedona Point Community Development District</name>
        <lei>N/A</lei>
        <title>Sedona Point Community Development District, Series 2023</title>
        <cusip>815684AA3</cusip>
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          <isin value="US815684AA36"/>
          <other otherDesc="Inhouse Asset ID" value="1246660"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55933.22000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rivers Edge II Community Development District</name>
        <lei>N/A</lei>
        <title>Rivers Edge II Community Development District, Series 2021</title>
        <cusip>76882LAF3</cusip>
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          <isin value="US76882LAF31"/>
          <other otherDesc="Inhouse Asset ID" value="1142089"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189251.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hays TX</name>
        <lei>N/A</lei>
        <title>County of Hays, Series 2020</title>
        <cusip>420894AH0</cusip>
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          <isin value="US420894AH00"/>
          <other otherDesc="Inhouse Asset ID" value="1119929"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>93522.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
        <lei>N/A</lei>
        <title>North AR-1 Pasco Community Development District, Series 2024</title>
        <cusip>65725AAN4</cusip>
        <identifiers>
          <isin value="US65725AAN46"/>
          <other otherDesc="Inhouse Asset ID" value="1325160"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>773209.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kirkwood Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Kirkwood Industrial Development Authority, Series 2017 A</title>
        <cusip>497609BD8</cusip>
        <identifiers>
          <isin value="US497609BD80"/>
          <other otherDesc="Inhouse Asset ID" value="660251"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2932744.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>City of Haslet TX</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Prairie Center Metropolitan District No. 7</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-15</maturityDt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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        <name>CSCDA Community Improvement Authority</name>
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        <balance>5970000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Parrish Plantation Community Development District</name>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
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        <balance>495000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>Roswell Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-04-01</maturityDt>
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        <name>Summer Woods Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Leomas Landing Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>Hidden Creek Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Georgetown TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-15</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Astonia Community Development District</name>
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        <name>Franklin County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Leomas Landing Community Development District</name>
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      <invstOrSec>
        <name>City of New Braunfels TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
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        <title>Storey Creek Community Development District, Series 2024</title>
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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>2054-06-15</maturityDt>
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        <name>Silverlake Community Development District</name>
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        <balance>985000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Live Oak Lake Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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      <invstOrSec>
        <name>City of Princeton TX</name>
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        <balance>126000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116718.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Varrea South Community Development District</name>
        <lei>N/A</lei>
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        <balance>1075000.00000000</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>2043-05-01</maturityDt>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US742400AW47"/>
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        <balance>470000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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      <invstOrSec>
        <name>Astonia Community Development District</name>
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          <isin value="US04625DAL29"/>
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        <curCd>USD</curCd>
        <valUSD>597309.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lake Ashton Community Development District</name>
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        <invCountry>US</invCountry>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Central Parc Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2054-05-01</maturityDt>
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        <name>Upper Illinois River Valley Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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      <invstOrSec>
        <name>Chaparral Palm Bay Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US159419AD20"/>
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        <name>North AR-1 Pasco Community Development District</name>
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        <name>Viridian Municipal Management District</name>
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        <name>City of Royse City TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lawson Dunes Community Development District</name>
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        <valUSD>522304.41000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Lake Emma Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Creekview Community Development District</name>
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        <name>Kissimmee Park Community Development District</name>
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        <name>City of Dripping Springs TX</name>
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        <name>Preserve at Savannah Lakes Community Development District</name>
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        <name>Southeastern Ohio Port Authority</name>
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        <name>City of Princeton TX</name>
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        <name>City of Manor TX</name>
        <lei>N/A</lei>
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        <name>Suffolk Regional Off-Track Betting Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Villamar Community Development District</name>
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        <name>Caymas Community Development District</name>
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        <name>Two Rivers West Community Development District</name>
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        <name>Caldera Community Development District</name>
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        <name>V-Dana Community Development District</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>City of Fort Worth TX</name>
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        <name>Everlands II Community Development District</name>
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        <name>North Loop Community Development District</name>
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      <invstOrSec>
        <name>Bannon Lakes Community Development District</name>
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      <invstOrSec>
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        <name>Alvord Unified School District</name>
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        <name>Hyde Park Community Development District No. 1</name>
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          <maturityDt>2053-06-15</maturityDt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>Hawkstone Community Development District</name>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>River Landing Community Development District</name>
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        <name>City of Mesquite TX</name>
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          <maturityDt>2053-09-01</maturityDt>
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        <name>CalPlant I LLC</name>
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          <maturityDt>2023-08-31</maturityDt>
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        <name>Allentown Commercial and Industrial Development Authority</name>
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        <name>Lakewood Park Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>City of Reno NV</name>
        <lei>549300M4R5WWSUWY8D52</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LT Ranch Community Development District</name>
        <lei>N/A</lei>
        <title>LT Ranch Community Development District, Series 2022-1</title>
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          <isin value="US54912EAH62"/>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Normandy Community Development District</name>
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        <name>Winding Oaks Community Development District</name>
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        <name>San Joaquin Hills Transportation Corridor Agency</name>
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        <name>Grand Canyon University</name>
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        <name>M-S-R Energy Authority</name>
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        <name>Kentucky Public Transportation Infrastructure Authority</name>
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        <name>Osceola Village Center Community Development District</name>
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        <name>Central Parc Community Development District</name>
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        <name>Coral Lakes Community Development District</name>
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        <name>Mirada II Community Development District</name>
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        <name>Ptarmigan West Metropolitan District No. 2</name>
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        <name>Pecan Public Facility Corp.</name>
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        <name>Clackamas County Hospital Facility Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
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        <name>Entrada Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meadow View at Twin Creeks Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Frederick MD</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Waxahachie TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenbriar Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>Somerset Bay Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lancaster County Hospital Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Quail Roost Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wellness Ridge Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MidCity Improvement District</name>
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      <invstOrSec>
        <name>Aviary at Rutland Ranch Community Development District</name>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>Ridge at Apopka Community Development District</name>
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        <name>LT Ranch Community Development District</name>
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      <invstOrSec>
        <name>Bridgewalk Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US108620AG03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Salt Verde Financial Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Storey Creek Community Development District, Series 2022</title>
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          <isin value="US86216CAF95"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cordova Palms Community Development District</name>
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          <isin value="US21864YAM84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.60000000</annualizedRt>
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        <name>Winding Oaks Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zephyr Lakes Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542UEU43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Hammock Reserve Community Development District</name>
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          <isin value="US408348AD27"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>687821.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>West Villages Improvement District</name>
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        <title>West Villages Improvement District, Series 2025</title>
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          <isin value="US956454CP52"/>
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        <balance>500000.00000000</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>2045-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <balance>1033000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>Edgewater East Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>City of San Marcos TX</name>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Bridgewater North Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <balance>4000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Merrick Square Community Development District</name>
        <lei>N/A</lei>
        <title>Merrick Square Community Development District, Series 2023</title>
        <cusip>590143AA1</cusip>
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          <isin value="US590143AA14"/>
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        <balance>175000.00000000</balance>
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        <valUSD>178979.43000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Liberty Hill TX</name>
        <lei>N/A</lei>
        <title>City of Liberty Hill, Series 2022</title>
        <cusip>530575AK5</cusip>
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        <balance>136000.00000000</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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      <invstOrSec>
        <name>Lakeshore Villages Master Community Development 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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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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      <invstOrSec>
        <name>Rivers Edge III Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Parrish Lakes Community Development District</name>
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          <isin value="US70183FAE88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Karis Municipal Management District of Tarrant County</name>
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        <balance>833000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Highland Trails Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US430813AC93"/>
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        <balance>785000.00000000</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>2054-05-01</maturityDt>
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      <invstOrSec>
        <name>West Villages Improvement District</name>
        <lei>N/A</lei>
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        <balance>945000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Kindred Community Development District II</name>
        <lei>N/A</lei>
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          <isin value="US494581AG61"/>
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        <balance>500000.00000000</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74448FAA93"/>
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        <balance>5500000.00000000</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>2036-04-28</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14052TEA88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Kyle TX</name>
        <lei>549300K0SYODYQ0ANN48</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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        <name>City of Hutto TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Bella Tara Community Development District</name>
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          <maturityDt>2056-05-01</maturityDt>
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        <name>Cypress Bluff Community Development District</name>
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          <maturityDt>2050-05-01</maturityDt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74441XJD21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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        <name>California Community College Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-07-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Lakes at Bella Lago Community Development District</name>
        <lei>N/A</lei>
        <title>Lakes at Bella Lago Community Development District, Series 2023-1</title>
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          <isin value="US51206LAB45"/>
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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>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Kings Creek I Community Development District</name>
        <lei>N/A</lei>
        <title>Kings Creek I Community Development District, Series 2025</title>
        <cusip>495879AD0</cusip>
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          <isin value="US495879AD05"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>West Villages Improvement District</name>
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        <name>Rivers Edge III Community Development District</name>
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          <maturityDt>2055-05-01</maturityDt>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Leomas Landing Community Development District</name>
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        <name>Mirada II Community Development District</name>
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        <name>North Park Isle Community Development District</name>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>
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        <name>City of Fate TX</name>
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        <name>MIDA Cormont Public Infrastructure District</name>
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        <name>Wind Meadows South Community Development District</name>
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        <name>Buckhead Trails Community Development District</name>
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        <name>County of Lancaster SC</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Eden Hills Community Development District</name>
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        <name>North Park Isle Community Development District</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>West Villages Improvement District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tamarindo Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>V-Dana Community Development District</name>
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        <name>City of Celina TX</name>
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        <name>Villages of Glen Creek Community Development District</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <name>Rye Ranch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckhead Trails Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
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        <name>Crosswinds East Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Saltleaf Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Crossings Community Development District</name>
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        <name>Harmony on Lake Eloise Community Development District</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Pine Isle Community Development District</name>
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        <name>Waterford Community Development District</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>City of Plano TX</name>
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        <invCountry>US</invCountry>
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        <name>Cordova Palms Community Development District</name>
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        <name>Silicon Valley Tobacco Securitization Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Preserve at Savannah Lakes Community Development District</name>
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        <name>Parrish Plantation Community Development District</name>
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      <invstOrSec>
        <name>Lakeshore Villages Master Community Development District</name>
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      <invstOrSec>
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          <maturityDt>2026-09-15</maturityDt>
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      <invstOrSec>
        <name>Kalamazoo Economic Development Corp.</name>
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          <isin value="US483228EB49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority</name>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Dripping Springs TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mission Rock Utilities, Inc.</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>Trails at Crowfoot Metropolitan District No. 3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lakes at Bella Lago Community Development District</name>
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          <maturityDt>2054-05-01</maturityDt>
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        <name>Broomfield Village Metropolitan District No. 2</name>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>Deerbrook Community Development District</name>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>City of Celina TX</name>
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          <maturityDt>2055-09-01</maturityDt>
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        <name>County of Washington OH</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-12-01</maturityDt>
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        <name>Solaeris Community Development District</name>
        <lei>N/A</lei>
        <title>Solaeris Community Development District, Series 2024</title>
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          <isin value="US83409XAC48"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2055-05-01</maturityDt>
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      <invstOrSec>
        <name>Travis County Development Authority</name>
        <lei>N/A</lei>
        <title>Travis County Development Authority, Series 2022</title>
        <cusip>89441AAD9</cusip>
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          <isin value="US89441AAD90"/>
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        <balance>1244000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
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        <name>Mesquite Health Facilities Development Corp.</name>
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        <name>Riverside County Transportation Commission</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Sandridge Community Development District</name>
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        <name>CMFA Special Finance Agency</name>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US118217CZ97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-01</maturityDt>
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      <invstOrSec>
        <name>California Community Housing Agency</name>
        <lei>N/A</lei>
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          <isin value="US13013HAA86"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bradbury Community Development District</name>
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          <isin value="US103848AC12"/>
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        <balance>2245000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Anderson IN</name>
        <lei>N/A</lei>
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          <isin value="US033889AJ55"/>
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        <balance>2740000.00000000</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>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Southglenn Metropolitan District</name>
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          <isin value="US84437RAG20"/>
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        <balance>3700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3243895.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204FGD15"/>
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        <balance>3235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3199943.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
        <lei>N/A</lei>
        <title>North AR-1 Pasco Community Development District, Series 2021</title>
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          <isin value="US65725AAB08"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261943.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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        <name>City of Dorchester TX</name>
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        <balance>1000000.00000000</balance>
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        <valUSD>922851.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>LT Ranch Community Development District</name>
        <lei>N/A</lei>
        <title>LT Ranch Community Development District, Series 2022-1</title>
        <cusip>54912EAF0</cusip>
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          <isin value="US54912EAF07"/>
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        <balance>120000.00000000</balance>
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        <valUSD>125897.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <name>Northlake Stewardship District</name>
        <lei>N/A</lei>
        <title>Northlake Stewardship District, Series 2025</title>
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          <isin value="US66649EAC12"/>
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        <balance>2570000.00000000</balance>
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        <valUSD>2566247.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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        <name>Avalon Groves Community Development District</name>
        <lei>N/A</lei>
        <title>Avalon Groves Community Development District, Series 2021</title>
        <cusip>05344CAU1</cusip>
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          <isin value="US05344CAU18"/>
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        <balance>360000.00000000</balance>
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        <valUSD>285155.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <name>Indigo Community Development District</name>
        <lei>N/A</lei>
        <title>Indigo Community Development District, Series 2021</title>
        <cusip>45567RAE0</cusip>
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          <isin value="US45567RAE09"/>
          <other otherDesc="Inhouse Asset ID" value="1164380"/>
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        <balance>65000.00000000</balance>
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        <valUSD>64340.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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        <name>Reunion East Community Development District</name>
        <lei>N/A</lei>
        <title>Reunion East Community Development District, Series 2021</title>
        <cusip>761311AU3</cusip>
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          <isin value="US761311AU39"/>
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        <balance>400000.00000000</balance>
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        <valUSD>376658.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85000000</annualizedRt>
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        <name>Deerbrook Community Development District</name>
        <lei>N/A</lei>
        <title>Deerbrook Community Development District, Series 2023</title>
        <cusip>24420RAA0</cusip>
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          <isin value="US24420RAA05"/>
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        <balance>105000.00000000</balance>
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        <valUSD>106935.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Wellness Ridge Community Development District</name>
        <lei>N/A</lei>
        <title>Wellness Ridge Community Development District, Series 2023</title>
        <cusip>95004CAC3</cusip>
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          <isin value="US95004CAC38"/>
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        <balance>1340000.00000000</balance>
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        <valUSD>1313102.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>City of Hutto TX</name>
        <lei>N/A</lei>
        <title>City of Hutto, Series 2021</title>
        <cusip>448529AB3</cusip>
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          <isin value="US448529AB34"/>
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        <balance>206000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190735.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Marble Falls TX</name>
        <lei>N/A</lei>
        <title>City of Marble Falls, Series 2021</title>
        <cusip>566035AG6</cusip>
        <identifiers>
          <isin value="US566035AG68"/>
          <other otherDesc="Inhouse Asset ID" value="1156522"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>841280.60000000</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>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Point Phase 1 Public Infrastructure District No. 1</name>
        <lei>N/A</lei>
        <title>Point Phase 1 Public Infrastructure District No. 1, Series 2025 A-1</title>
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          <isin value="US73058EAC12"/>
          <other otherDesc="Inhouse Asset ID" value="1491219"/>
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        <balance>7950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8039117.91000000</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>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>City of Las Vegas NV Special Improvement District No. 816</name>
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        <title>City of Las Vegas, Series 2021</title>
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          <isin value="US51779AAN90"/>
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        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466234.71000000</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>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Celebration Pointe Community Development District No. 1</name>
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        <title>Celebration Pointe Community Development District No. 1, Series 2021</title>
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          <isin value="US15102HAJ68"/>
          <other otherDesc="Inhouse Asset ID" value="1169571"/>
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        <balance>885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>708000.00000000</valUSD>
        <pctVal>0.015488895111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Scott County Community Development Agency</name>
        <lei>N/A</lei>
        <title>Scott County Community Development Agency, Series 2022 B</title>
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          <isin value="US80955PAC59"/>
          <other otherDesc="Inhouse Asset ID" value="1210079"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581301.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority</name>
        <lei>N/A</lei>
        <title>Yamhill County Hospital Authority, Series 2021 A</title>
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          <isin value="US98464UAY29"/>
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        <balance>6115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4748291.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Manor TX</name>
        <lei>N/A</lei>
        <title>City of Manor, Series 2021</title>
        <cusip>564099AM1</cusip>
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          <isin value="US564099AM19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>744846.60000000</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>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Fate TX</name>
        <lei>N/A</lei>
        <title>City of Fate, Series 2020</title>
        <cusip>31189RBS6</cusip>
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          <isin value="US31189RBS67"/>
          <other otherDesc="Inhouse Asset ID" value="1119920"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116738.36000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Harmony on Lake Eloise Community Development District</name>
        <lei>N/A</lei>
        <title>Harmony on Lake Eloise Community Development District, Series 2025</title>
        <cusip>413276AE6</cusip>
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          <isin value="US413276AE63"/>
          <other otherDesc="Inhouse Asset ID" value="1437561"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>479358.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Series 2020 A</title>
        <cusip>34061WAP9</cusip>
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          <isin value="US34061WAP95"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6262912.60000000</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>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hays TX</name>
        <lei>N/A</lei>
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        <cusip>420894AP2</cusip>
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          <isin value="US420894AP26"/>
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        <balance>3375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3203041.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Central Ohio Port Authority</name>
        <lei>N/A</lei>
        <title>West Central Ohio Port Authority, Series 2025</title>
        <cusip>95184AAB1</cusip>
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          <isin value="US95184AAB17"/>
          <other otherDesc="Inhouse Asset ID" value="1509992"/>
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        <balance>5825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3613546.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Summerstone Community Development District</name>
        <lei>N/A</lei>
        <title>Summerstone Community Development District, Series 2021</title>
        <cusip>865711AG0</cusip>
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          <isin value="US865711AG08"/>
          <other otherDesc="Inhouse Asset ID" value="1163377"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>579057.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Villamar Community Development District</name>
        <lei>N/A</lei>
        <title>Villamar Community Development District, Series 2022</title>
        <cusip>92715KAN8</cusip>
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          <isin value="US92715KAN81"/>
          <other otherDesc="Inhouse Asset ID" value="1190620"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240528.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Berry Bay II Community Development District</name>
        <lei>N/A</lei>
        <title>Berry Bay II Community Development District, Series 2024</title>
        <cusip>08577DAA5</cusip>
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          <isin value="US08577DAA54"/>
          <other otherDesc="Inhouse Asset ID" value="1389984"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121126.64000000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Six Mile Creek Community Development District, Series 2020</title>
        <cusip>83005TAU1</cusip>
        <identifiers>
          <isin value="US83005TAU16"/>
          <other otherDesc="Inhouse Asset ID" value="1082241"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74939.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Haslet TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jay Grove Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Forsyth County Hospital Authority</name>
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        <curCd>USD</curCd>
        <valUSD>4041623.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>Development Authority of Rockdale County</name>
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          <isin value="US77300QAK31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Trevesta Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hawkstone Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sierra Vista Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
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        <title>California Pollution Control Financing Authority, Series 2017</title>
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          <isin value="US130536QZ17"/>
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        <fairValLevel>3</fairValLevel>
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        <name>Verano No. 3 Community Development District</name>
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        <name>San Mateo Foster City School District</name>
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        <name>Del Webb Oak Creek Community Development District</name>
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      <invstOrSec>
        <name>Lakeshore Villages Master Community Development District</name>
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          <maturityDt>2051-06-01</maturityDt>
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        <name>CMFA Special Finance Agency VIII</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Aubrey TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
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      <invstOrSec>
        <name>City of Waxahachie TX</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Six Mile Creek Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Villamar Community Development District</name>
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        <name>Hillcrest Preserve Community Development District</name>
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        <name>Cordoba Ranch Community Development District</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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        <name>County of Franklin OH</name>
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        <name>Lake Deer Community Development District</name>
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        <name>Palm Gate Community Development District</name>
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        <name>Two Rivers North Community Development District</name>
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      <invstOrSec>
        <name>City of Anna TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Viridian Municipal Management District</name>
        <lei>N/A</lei>
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          <isin value="US92823UAS42"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Woodland Crossing Community Development District</name>
        <lei>N/A</lei>
        <title>Woodland Crossing Community Development District, Series 2025</title>
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          <isin value="US979583AD39"/>
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        <balance>1760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1734689.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-01</maturityDt>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
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          <isin value="US13136CAG87"/>
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        <balance>3910000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Rockland Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US773684AM74"/>
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        <balance>55000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15678569.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>North River Ranch Improvement Stewardship District</name>
        <lei>N/A</lei>
        <title>North River Ranch Improvement Stewardship District, Series 2023 A-1</title>
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          <isin value="US66200PAG81"/>
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        <balance>4930000.00000000</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>2054-05-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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          <isin value="US742400AX20"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520616.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pilot Point TX</name>
        <lei>N/A</lei>
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          <isin value="US721614BG91"/>
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        <balance>1004000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002112.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission, Series 2020 A</title>
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          <isin value="US67756DXL53"/>
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        <balance>2570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2265295.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hammock Oaks Community Development District</name>
        <lei>N/A</lei>
        <title>Hammock Oaks Community Development District, Series 2025</title>
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          <isin value="US40834PAH55"/>
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        <balance>1040000.00000000</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>2045-05-01</maturityDt>
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        <name>Willowbrook Community Development District</name>
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          <isin value="US971227AB97"/>
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        <balance>625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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        <name>Union Park East Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Black Creek Community Development District</name>
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          <isin value="US09186FAF09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>Del Webb Oak Creek Community Development District</name>
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          <isin value="US245509AB04"/>
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        <balance>1430000.00000000</balance>
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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>5.00000000</annualizedRt>
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        <name>City of Uhland TX</name>
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        <title>City of Uhland, Series 2024</title>
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          <isin value="US90352SAE37"/>
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        <balance>605000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Lake Emma Community Development District</name>
        <lei>N/A</lei>
        <title>Lake Emma Community Development District, Series 2023</title>
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          <isin value="US50964TAG04"/>
          <other otherDesc="Inhouse Asset ID" value="1280004"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Tempe Industrial Development Authority, Series 2019</title>
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          <isin value="US87972MBD39"/>
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        <balance>4550000.00000000</balance>
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        <valUSD>3967575.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Haslet TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>City of Anna TX</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>
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          <maturityDt>2053-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
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        <curCd>USD</curCd>
        <valUSD>44850.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-08-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress Bluff Community Development District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Grande Pines Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US38656NAC02"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Summerstone Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US865711AF25"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169519.19000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Upper Illinois River Valley Development Authority</name>
        <lei>N/A</lei>
        <title>Upper Illinois River Valley Development Authority, Series 2024 B</title>
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          <isin value="US91588LAS16"/>
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        <balance>12135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6571677.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dorchester TX</name>
        <lei>N/A</lei>
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          <isin value="US25821LAC19"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1361041.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Twisted Oaks Pointe Community Development District</name>
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          <isin value="US90184FAE51"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>City of Hutto TX</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Berry Bay Community Development District</name>
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          <isin value="US08577CAF68"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California Community Housing Agency</name>
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          <isin value="US13013FBK93"/>
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        <balance>4400000.00000000</balance>
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        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>West Port Community Development District</name>
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        <name>Epperson Ranch II Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Chaparral Palm Bay Community Development District</name>
        <lei>N/A</lei>
        <title>Chaparral Palm Bay Community Development District, Series 2024</title>
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          <isin value="US159419AH34"/>
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        <balance>2190000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
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        <name>Sanctuary Cove Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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        <name>West Villages Improvement District</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-15</maturityDt>
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        <name>Summerstone Community Development District</name>
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        <balance>1750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Artisan Lakes East Community Development District</name>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>City of Fate TX</name>
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        <name>Lakes of Sarasota Community Development District 2</name>
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        <name>Indigo Community Development District</name>
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          <isin value="US45567RAA86"/>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Johnson City Health &amp; Educational Facilities Board</name>
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          <isin value="US478271ED76"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Anna TX</name>
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        <name>Lake Harris Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Seminole Palms Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Astonia Community Development District</name>
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        <name>City of Hutto TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Kyle TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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        <name>Berry Bay Community Development District</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Cypress Park Estates Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington State Housing Finance Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triple Creek Community Development District</name>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>Peace Creek Village Community Development District</name>
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        <name>V-Dana Community Development District</name>
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      <invstOrSec>
        <name>City of Crandall TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lakeside Preserve Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Southern Groves Community Development District No. 5</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Coast Park Community Development District</name>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>614255.06000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
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          <annualizedRt>5.30000000</annualizedRt>
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        <name>Six Mile Creek Community Development District</name>
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        <balance>75000.00000000</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>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rowlett TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>DG Farms Community Development District</name>
        <lei>N/A</lei>
        <title>DG Farms Community Development District, Series 2020</title>
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          <isin value="US23290TAJ60"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220747.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Manor TX</name>
        <lei>N/A</lei>
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          <isin value="US564099AL36"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542603.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-15</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Gas Worx Community Development District</name>
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        <title>Gas Worx Community Development District, Series 2025</title>
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          <isin value="US367200AC64"/>
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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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        <name>City of Fate TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-15</maturityDt>
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        <name>Avenir Community Development District</name>
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          <isin value="US05357JAU07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>City of Sachse TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-15</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>City of Pilot Point TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-15</maturityDt>
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        <name>Murphy Creek Metropolitan District No. 4</name>
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        <cusip>626656AA0</cusip>
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          <isin value="US626656AA07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526YAL92"/>
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        <balance>1989499.00000000</balance>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stellar North Community Development District</name>
        <lei>N/A</lei>
        <title>Stellar North Community Development District, Series 2021</title>
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          <isin value="US85857KAC45"/>
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        <balance>755000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      <invstOrSec>
        <name>Hillcrest Preserve Community Development District</name>
        <lei>N/A</lei>
        <title>Hillcrest Preserve Community Development District, Series 2024</title>
        <cusip>43153EAC8</cusip>
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          <isin value="US43153EAC84"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Public Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LT Ranch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towne Park Community Development District</name>
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        <name>Jefferson Center Metropolitan District No. 1</name>
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        <name>Riverside County Transportation Commission</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>Verano No. 4 Community Development District</name>
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        <name>Astonia Community Development District</name>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>Westside Haines City Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Verano No. 3 Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Quail Roost Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>City of Sachse TX</name>
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      <invstOrSec>
        <name>Zephyr Lakes Community Development District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sunbridge Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US86709HAB15"/>
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        <valUSD>362666.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Woodland Ranch Estates Community Development District</name>
        <lei>N/A</lei>
        <title>Woodland Ranch Estates Community Development District, Series 2025</title>
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          <isin value="US97967NAC02"/>
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        <curCd>USD</curCd>
        <valUSD>676464.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hawthorne Mill North Community Development District</name>
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        <title>Hawthorne Mill North Community Development District, Series 2024</title>
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          <isin value="US420550AE57"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>937073.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quail Roost Community Development District</name>
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        <title>Quail Roost Community Development District, Series 2021</title>
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          <isin value="US74737QAH02"/>
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        <balance>2345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1886766.13000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Karl's Farm Metropolitan District No. 2</name>
        <lei>N/A</lei>
        <title>Karl's Farm Metropolitan District No. 2, Series 2020 A-3</title>
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          <isin value="US48565KAB70"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1957000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Rialto Bioenergy Facility LLC</name>
        <lei>N/A</lei>
        <title>Rialto Bioenergy Facility LLC, First Lien, Term Loan, B</title>
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          <other otherDesc="Inhouse Asset ID" value="1312835"/>
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        <balance>207205.17000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>15.32750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2008 A</title>
        <cusip>646136WK3</cusip>
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          <isin value="US646136WK31"/>
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        <balance>46750000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Villamar Community Development District</name>
        <lei>N/A</lei>
        <title>Villamar Community Development District, Series 2024</title>
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          <isin value="US92715KAV08"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>661174.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Palermo Community Development District</name>
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          <isin value="US696280AB29"/>
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        <balance>1945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1887307.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Buckhead Trails Community Development District</name>
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          <isin value="US11836UAD28"/>
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        <balance>1410000.00000000</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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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>North Parkway Municipal Management District No. 1</name>
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          <isin value="US661441AA38"/>
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        <balance>675000.00000000</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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          <annualizedRt>3.62500000</annualizedRt>
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        <name>Sierra Vista Industrial Development Authority</name>
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          <isin value="US82652PAC77"/>
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        <name>County of Clark NV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>5.05000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Six Mile Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Six Mile Creek Community Development District, Series 2021</title>
        <cusip>83005TBA4</cusip>
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          <isin value="US83005TBA43"/>
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        <balance>1575000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority, Series 2023</title>
        <cusip>04110FAB1</cusip>
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          <isin value="US04110FAB13"/>
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        <balance>4575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4604247.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>City of Manor TX</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
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        <name>Coral Lakes Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Community Housing Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Edgewater East Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Parkway Municipal Management District No. 1</name>
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        <name>Veranda Community Development District II</name>
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        <name>North Powerline Road Community Development District</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Entrada Community Development District</name>
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        <name>Village Community Development District No. 14</name>
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        <name>North Parkway Municipal Management District No. 1</name>
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        <name>Kirkwood Industrial Development Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Six Mile Creek Community Development District</name>
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        <name>Prairie Center Metropolitan District No. 3</name>
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          <maturityDt>2046-12-15</maturityDt>
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        <name>Coddington Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>DW Bayview Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Saddle Creek Preserve of Polk County Community Development District</name>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>State of Illinois</name>
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        <curCd>USD</curCd>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Langley South Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US74444VAD29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wind Meadows South Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Medina TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Parkview at Long Lake Ranch Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Johnstown Plaza Metropolitan District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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        <name>Michigan Strategic Fund</name>
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          <isin value="US594698SM52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Envirml Ctl Facs Fing Auth</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74448AAA07"/>
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        <name>Lake Mattie Preserve Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>Michigan Tobacco Settlement Finance Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Mesquite Health Facilities Development Corp.</name>
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        <name>Mangrove Point &amp; Mangrove Manor Community Development District</name>
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        <name>East Nassau Stewardship District</name>
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        <name>Mesquite Health Facilities Development Corp.</name>
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        <name>Brightwater Community Development District</name>
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        <name>Stonegate Preserve Community Development District</name>
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        <name>Boggy Branch Community Development District</name>
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        <name>Iowa Finance Authority</name>
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        <name>Vanguard Tax-Exempt Bond Index ETF</name>
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        <name>Grand Oaks Community Development District</name>
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        <name>Travis County Development Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <name>Darby Community Development District</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <valUSD>228422.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Rye Ranch Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US783730AE44"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Towns at Woodsdale Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US89217EAC57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>County of Frederick MD</name>
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          <isin value="US35571LCD82"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>269901.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Six Mile Creek Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US83005TAW71"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1271801.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Royse City TX</name>
        <lei>N/A</lei>
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          <isin value="US780870BK66"/>
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        <balance>589000.00000000</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>2042-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>County of Clark NV</name>
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          <isin value="US181003HY32"/>
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        <balance>270000.00000000</balance>
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        <valUSD>271654.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116AR77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Anna TX</name>
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        <balance>751000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>North River Ranch Community Development District</name>
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        <title>North River Ranch Community Development District, Series 2020 A-1</title>
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          <isin value="US662008AB71"/>
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        <balance>855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>842836.77000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>West Villages Improvement District</name>
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          <isin value="US956454BW13"/>
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        <balance>40000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>Southern Groves Community Development District No. 5</name>
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          <isin value="US843021AK20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052TDD46"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Dripping Springs TX</name>
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          <isin value="US262062AF95"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Plano TX</name>
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        <cusip>727220AA3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Oaks Community Development District</name>
        <lei>N/A</lei>
        <title>Grand Oaks Community Development District, Series 2020</title>
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          <isin value="US38611CAH79"/>
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        <balance>1095000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US87972MBU53"/>
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        <balance>2130000.00000000</balance>
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        <valUSD>1579574.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MidCity Improvement District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cordova Palms Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US21864YAC03"/>
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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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      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mississippi Home Corp.</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clear Creek Transit Metropolitan District No. 2</name>
        <lei>N/A</lei>
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          <isin value="US184542AB46"/>
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        <balance>578000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>441780.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Franklin County Industrial Development Authority, Series 2018</title>
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          <isin value="US353273BY02"/>
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        <balance>4600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3854422.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204ER837"/>
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        <balance>10810000.00000000</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>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>390963.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dayton TX</name>
        <lei>N/A</lei>
        <title>City of Dayton, Series 2024 A</title>
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          <isin value="US240094AG76"/>
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        <balance>608000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>596181.21000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Rhodine Road North Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US762402AE52"/>
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        <balance>55000.00000000</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>2027-05-01</maturityDt>
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        <name>Travis County Development Authority</name>
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          <isin value="US89441AAC18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Midlothian TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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          <isin value="US74529JPX71"/>
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        <balance>45065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41336240.78000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Red Oak TX</name>
        <lei>549300VOCS0JLIVKWD34</lei>
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        <cusip>756848AB3</cusip>
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          <isin value="US756848AB34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CDJ09"/>
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        <balance>425000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Solaeris Community Development District</name>
        <lei>N/A</lei>
        <title>Solaeris Community Development District, Series 2025</title>
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          <isin value="US83409XAF78"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2281250.86000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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      <invstOrSec>
        <name>Saltleaf Community Development District</name>
        <lei>N/A</lei>
        <title>Saltleaf Community Development District, Series 2024</title>
        <cusip>79575MAA8</cusip>
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          <isin value="US79575MAA80"/>
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        <balance>450000.00000000</balance>
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        <valUSD>458786.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Reunion Metropolitan District</name>
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        <name>Connerton East Community Development District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Cypress Bluff Community Development District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Two Rivers East Community Development District</name>
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        <name>North AR-1 Pasco Community Development District</name>
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        <name>Whispering Pines Community Development District</name>
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      <invstOrSec>
        <name>Ridge at Apopka Community Development District</name>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of North Las Vegas NV</name>
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          <maturityDt>2055-06-01</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>County of Medina TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>Lakes of Sarasota Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Aubrey TX</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wyandotte County-Kansas City Unified Government</name>
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          <isin value="US982707AA94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Club Municipal Management District No. 1</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Ferris TX</name>
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        <name>Henderson Local Improvement Districts</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Malabar Springs Community Development District</name>
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        <name>City of Fort Worth TX</name>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Virginia Small Business Financing Authority</name>
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          <isin value="US92810TAA16"/>
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          <maturityDt>2052-12-01</maturityDt>
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          <annualizedRt>8.50000000</annualizedRt>
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        <name>Varrea South Community Development District</name>
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        <name>Veranda Community Development District II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Waterset South Community Development District</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>MIDA Mountain Village Public Infrastructure District</name>
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      <invstOrSec>
        <name>LTC Ranch West Residential Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
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        <name>Lake Deer Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
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        <name>Kingston One Community Development District</name>
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          <isin value="US496631AC60"/>
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        <balance>2600000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Viera Stewardship District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Laurel Road Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Midlothian TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sorrento Pines Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Berry Bay Community Development District</name>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Lago Vista TX</name>
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        <name>Cross Creek North Community Development District</name>
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        <name>Creekview Community Development District</name>
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        <name>Summit View Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Kyle TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Willowbrook Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Astonia Community Development District</name>
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        <name>Mirada II Community Development District</name>
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        <name>Prosperity Lakes Community Development District</name>
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        <name>Verano No. 3 Community Development District</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>
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        <name>Sarasota National Community Development District</name>
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        <name>Liberty Ranch Metropolitan District</name>
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        <name>Somerset Bay Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Lake Deer Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Twisted Oaks Pointe Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Storey Park Community Development District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Erie County Industrial Development Authority</name>
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        <name>West Villages Improvement District</name>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 814</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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        <name>Mississippi Development Bank</name>
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        <name>V-Dana Community Development District</name>
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        <name>Raindance Metropolitan District No. 1 Non-Potable Water System Revenue</name>
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        <name>East 547 Community Development District</name>
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        <name>California Community Housing Agency</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Corpus Christi TX</name>
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        <name>Veranda Community Development District II</name>
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        <name>City of Boyd TX</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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        <name>Aurora Oaks Community Development District</name>
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        <name>Mandarin Grove Community Development District</name>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>Lakewood Ranch Stewardship District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Park East Community Development District</name>
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          <maturityDt>2041-11-01</maturityDt>
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        <name>Town of Little Elm TX</name>
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          <maturityDt>2032-09-01</maturityDt>
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        <name>City of Sioux Falls SD</name>
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          <couponKind>Fixed</couponKind>
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        <name>Avenir Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US05357JAS50"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <name>Military Installation Development Authority</name>
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        <name>Viera Stewardship District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Willows Community Development District</name>
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        <name>Stonegate Preserve Community Development District</name>
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        <name>Allison Valley Metropolitan District No. 2</name>
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        <name>Indigo Community Development District</name>
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          <isin value="US45567RAC43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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          <isin value="US742400CT99"/>
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        <balance>411000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>378789.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Veranda Community Development District II</name>
        <lei>N/A</lei>
        <title>Veranda Community Development District II, Series 2024</title>
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          <isin value="US92338HAY80"/>
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        <balance>3480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3341824.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Parrish Plantation Community Development District</name>
        <lei>N/A</lei>
        <title>Parrish Plantation Community Development District, Series 2022</title>
        <cusip>701830AH4</cusip>
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          <isin value="US701830AH42"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701712.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Cedar Bayou Navigation District</name>
        <lei>N/A</lei>
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          <isin value="US15005CAB28"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6047440.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Port Tampa Bay Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US648149AD45"/>
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        <balance>500000.00000000</balance>
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        <valUSD>484427.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Kalamazoo Economic Development Corp.</name>
        <lei>N/A</lei>
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        <cusip>483228DY5</cusip>
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          <isin value="US483228DY50"/>
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        <balance>8860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7313502.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FW Texas Street Public Facility Corp.</name>
        <lei>N/A</lei>
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        <cusip>30322SAA4</cusip>
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          <isin value="US30322SAA42"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>9910432.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arbors Community Development District</name>
        <lei>N/A</lei>
        <title>Arbors Community Development District, Series 2024</title>
        <cusip>03879SAE0</cusip>
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          <isin value="US03879SAE00"/>
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        <balance>630000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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      <invstOrSec>
        <name>North AR-1 Pasco Community Development District</name>
        <lei>N/A</lei>
        <title>North AR-1 Pasco Community Development District, Series 2021</title>
        <cusip>65725AAA2</cusip>
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          <isin value="US65725AAA25"/>
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        <balance>35000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>Storey Park Community Development District</name>
        <lei>N/A</lei>
        <title>Storey Park Community Development District, Series 2021</title>
        <cusip>86216RAP4</cusip>
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          <isin value="US86216RAP47"/>
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        <balance>230000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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      <invstOrSec>
        <name>Epperson North Community Development District</name>
        <lei>N/A</lei>
        <title>Epperson North Community Development District, Series 2021 A</title>
        <cusip>29429VAK9</cusip>
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          <isin value="US29429VAK98"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123261.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>Brookstone Community Development District</name>
        <lei>N/A</lei>
        <title>Brookstone Community Development District, Series 2022</title>
        <cusip>114534AH3</cusip>
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          <isin value="US114534AH39"/>
          <other otherDesc="Inhouse Asset ID" value="1214849"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1723930.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>V-Dana Community Development District</name>
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        <name>Seminole County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westview South Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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        <name>Tulsa County Industrial Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
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      <invstOrSec>
        <name>City of Anna TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 812</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckhead Trails Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Celina TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Las Vegas NV Special Improvement District No. 610</name>
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        <name>Wind Meadows South Community Development District</name>
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        <name>Town of La Plata MD</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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        <name>Everlands II Community Development District</name>
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          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lago Vista TX</name>
        <lei>5493004GT2GICXFJPF35</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shingle Creek at Bronson Community Development District</name>
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      <invstOrSec>
        <name>City of Marble Falls TX</name>
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        <name>Hawthorne Mill North Community Development District</name>
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      <invstOrSec>
        <name>Preserve at South Branch Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>City of Princeton TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeastern Ohio Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Nevada Department of Business &amp; Industry</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>Enbrook Community Development District</name>
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        <name>City of Kyle TX</name>
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        <name>Rye Ranch Community Development District</name>
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        <name>Cordova Palms Community Development District</name>
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          <couponKind>Fixed</couponKind>
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        <name>Sebastian Isles Community Development District</name>
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          <isin value="US81284AAB08"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of San Marcos TX</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Villages of Glen Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Villages of Glen Creek Community Development District, Series 2022 A</title>
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          <isin value="US92716AAP49"/>
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        <curCd>USD</curCd>
        <valUSD>692832.70000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Series 2020 A-1</title>
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          <isin value="US546399JZ01"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4072195.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority, Series 2018</title>
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          <isin value="US16559WAB63"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217596.31000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peace Creek Village Community Development District</name>
        <lei>N/A</lei>
        <title>Peace Creek Village Community Development District, Series 2024</title>
        <cusip>70459CAB8</cusip>
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          <isin value="US70459CAB81"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1086481.53000000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sawgrass Village Community Development District</name>
        <lei>N/A</lei>
        <title>Sawgrass Village Community Development District, Series 2023</title>
        <cusip>805462AB4</cusip>
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          <isin value="US805462AB42"/>
          <other otherDesc="Inhouse Asset ID" value="1276603"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1482223.35000000</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>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
        <lei>N/A</lei>
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          <isin value="US084538JF58"/>
          <other otherDesc="Inhouse Asset ID" value="1394679"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1087526.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Edgewater East Community Development District</name>
        <lei>N/A</lei>
        <title>Edgewater East Community Development District, Series 2021</title>
        <cusip>280286AB1</cusip>
        <identifiers>
          <isin value="US280286AB18"/>
          <other otherDesc="Inhouse Asset ID" value="1135459"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>672059.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CMFA Special Finance Agency</name>
        <lei>N/A</lei>
        <title>CMFA Special Finance Agency Enclave, Series 2022 A-2</title>
        <cusip>12574WAK6</cusip>
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          <isin value="US12574WAK62"/>
          <other otherDesc="Inhouse Asset ID" value="1185832"/>
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        <balance>38000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25101652.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Parrish Plantation Community Development District</name>
        <lei>N/A</lei>
        <title>Parrish Plantation Community Development District, Series 2024</title>
        <cusip>701830AK7</cusip>
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          <isin value="US701830AK70"/>
          <other otherDesc="Inhouse Asset ID" value="1348619"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489730.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Manor TX</name>
        <lei>N/A</lei>
        <title>City of Manor, Series 2021</title>
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          <isin value="US564099AF67"/>
          <other otherDesc="Inhouse Asset ID" value="1146251"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281587.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern Groves Community Development District No. 5</name>
        <lei>N/A</lei>
        <title>Southern Groves Community Development District No. 5, Series 2021</title>
        <cusip>843021AL0</cusip>
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          <isin value="US843021AL03"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>905855.17000000</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>DW Bayview Community Development District</name>
        <lei>N/A</lei>
        <title>DW Bayview Community Development District, Series 2021</title>
        <cusip>23342SAC1</cusip>
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          <isin value="US23342SAC17"/>
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        <balance>1160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>980200.81000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Saddle Creek Preserve of Polk County Community Development District</name>
        <lei>N/A</lei>
        <title>Saddle Creek Preserve of Polk County Community Development District, Series 2020</title>
        <cusip>786230AC6</cusip>
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          <isin value="US786230AC69"/>
          <other otherDesc="Inhouse Asset ID" value="1112064"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552493.84000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wind Meadows South Community Development District</name>
        <lei>N/A</lei>
        <title>Wind Meadows South Community Development District, Series 2021</title>
        <cusip>97316TAA9</cusip>
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          <isin value="US97316TAA97"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59407.43000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rolling Oaks Community Development District</name>
        <lei>N/A</lei>
        <title>Rolling Oaks Community Development District, Series 2022</title>
        <cusip>77571RAL1</cusip>
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          <isin value="US77571RAL15"/>
          <other otherDesc="Inhouse Asset ID" value="1223492"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1531993.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</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, Series 1</title>
        <cusip>74526YAB1</cusip>
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          <isin value="US74526YAB11"/>
          <other otherDesc="Inhouse Asset ID" value="1314952"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3930000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
          <isDefault>Y</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Grand Forks ND</name>
        <lei>N/A</lei>
        <title>County of Grand Forks, Series 2021 A</title>
        <cusip>38543PAF5</cusip>
        <identifiers>
          <isin value="US38543PAF53"/>
          <other otherDesc="Inhouse Asset ID" value="1148145"/>
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        <balance>14000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Boggy Branch Community Development District</name>
        <lei>N/A</lei>
        <title>Boggy Branch Community Development District, Series 2021</title>
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          <isin value="US09720PAA21"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Hills of Minneola Community Development District</name>
        <lei>N/A</lei>
        <title>Hills of Minneola Community Development District, Series 2021</title>
        <cusip>431688AG5</cusip>
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          <isin value="US431688AG57"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Towns at Woodsdale Community Development District</name>
        <lei>N/A</lei>
        <title>Towns at Woodsdale Community Development District, Series 2023</title>
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          <isin value="US89217EAB74"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389087.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Summerstone Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US865711AD76"/>
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        <balance>910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>752958.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MIDA Mountain Village Public Infrastructure District</name>
        <lei>N/A</lei>
        <title>MIDA Mountain Village Public Infrastructure District, Series 2024-1</title>
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          <isin value="US59561UAA88"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1836170.60000000</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>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CEB63"/>
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        <balance>158000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143705.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Twisted Oaks Pointe Community Development District</name>
        <lei>N/A</lei>
        <title>Twisted Oaks Pointe Community Development District, Series 2024</title>
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          <isin value="US90184FAG00"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>350218.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital Trust Agency, Inc.</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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          <isin value="US14054CEA36"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>373002.89000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>River Landing Community Development District</name>
        <lei>N/A</lei>
        <title>River Landing Community Development District, Series 2023 A</title>
        <cusip>76828JAG3</cusip>
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          <isin value="US76828JAG31"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757134.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority</name>
        <lei>N/A</lei>
        <title>Yamhill County Hospital Authority, Series 2016 A</title>
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          <isin value="US98464UAQ94"/>
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        <balance>4325000.00000000</balance>
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        <valUSD>3458789.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East 547 Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US27042KAC27"/>
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        <balance>375000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Hills of Minneola Community Development District</name>
        <lei>N/A</lei>
        <title>Hills of Minneola Community Development District, Series 2024</title>
        <cusip>431688AL4</cusip>
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          <isin value="US431688AL43"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>737683.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74444VAC46"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US353273BW46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Towne Park Community Development District</name>
        <lei>N/A</lei>
        <title>Towne Park Community Development District, Series 2020</title>
        <cusip>89215RAW4</cusip>
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          <isin value="US89215RAW43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Storey Creek Community Development District, Series 2024</title>
        <cusip>86216CAJ1</cusip>
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          <isin value="US86216CAJ18"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson City Health &amp; Educational Facilities Board</name>
        <lei>N/A</lei>
        <title>Johnson City Health &amp; Educational Facilities Board, Series 2000 A</title>
        <cusip>478271EB1</cusip>
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          <isin value="US478271EB11"/>
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        <balance>19365000.00000000</balance>
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        <valUSD>18229405.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Greenways Metropolitan District No. 1</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Sandridge Community Development District</name>
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        <name>Hammock Reserve Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Texas Regional Mobility Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Creek Community Development District</name>
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        <name>Parrish Lakes Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>North River Ranch Community Development District</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Astonia Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grove Resort Community Development District</name>
        <lei>N/A</lei>
        <title>Grove Resort Community Development District, Series 2022</title>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160859.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Villamar Community Development District</name>
        <lei>N/A</lei>
        <title>Villamar Community Development District, Series 2022</title>
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          <isin value="US92715KAM09"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74493.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14052WDS35"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>605991.11000000</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Villages of Glen Creek Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US92716AAM18"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100819.37000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>Viera Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US92670TAB89"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>745135.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Celina TX</name>
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          <isin value="US15114CDS08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467034.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Fort Worth TX</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>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Triple Creek Community Development District</name>
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        <balance>740000.00000000</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>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Lake Hideaway Community Development District</name>
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        <title>Lake Hideaway Community Development District, Series 2024</title>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Oak Point TX</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
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          <isin value="US797355R485"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Sinton TX</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Belmont II Community Development District</name>
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          <isin value="US080382AG93"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Sawgrass Village Community Development District</name>
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        <title>Sawgrass Village Community Development District, Series 2024</title>
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          <isin value="US805462AG39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Kyle TX</name>
        <lei>549300K0SYODYQ0ANN48</lei>
        <title>City of Kyle, Series 2023</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2025</title>
        <cusip>74442EMS6</cusip>
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          <isin value="US74442EMS62"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2035943.33000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viridian Municipal Management District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Avenir Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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          <isin value="US939783TK23"/>
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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>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Authority for Colorado Energy</name>
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          <isin value="US744387AD35"/>
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        <balance>60100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70693442.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Authority</name>
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          <isin value="US14054WBW47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Westwood of Pasco Community Development District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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      <invstOrSec>
        <name>Astonia Community Development District</name>
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          <isin value="US04625DAQ16"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>661641.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-15</maturityDt>
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      <invstOrSec>
        <name>City of Venus TX</name>
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          <isin value="US92334AAF84"/>
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        <balance>1000000.00000000</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>2042-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Series 2020</title>
        <cusip>130536RM9</cusip>
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          <isin value="US130536RM94"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>West Villages Improvement District</name>
        <lei>N/A</lei>
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          <isin value="US956454BU56"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>644098.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>Berks County Municipal Authority (The)</name>
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          <isin value="US084538JK44"/>
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        <balance>6993000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-30</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526YAJ47"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3602500.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-07-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seaton Creek Reserve Community Development District</name>
        <lei>N/A</lei>
        <title>Seaton Creek Reserve Community Development District, Series 2023</title>
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          <isin value="US81256XAC20"/>
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        <balance>980000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Aviary at Rutland Ranch Community Development District</name>
        <lei>N/A</lei>
        <title>Aviary at Rutland Ranch Community Development District, Series 2021</title>
        <cusip>05369FAG5</cusip>
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          <isin value="US05369FAG54"/>
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        <balance>410000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Reserve at Van Oaks Community Development District</name>
        <lei>N/A</lei>
        <title>Reserve at Van Oaks Community Development District, Series 2023</title>
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          <isin value="US76105VAB18"/>
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        <balance>285000.00000000</balance>
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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>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2022 C</title>
        <cusip>74441XHG7</cusip>
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          <isin value="US74441XHG79"/>
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        <balance>5460000.00000000</balance>
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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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stoneybrook South Community Development District</name>
        <lei>N/A</lei>
        <title>Stoneybrook South at Championsgate Community Development District, Series 2020</title>
        <cusip>86202RAL9</cusip>
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          <isin value="US86202RAL96"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1197660.00000000</valUSD>
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        <name>Wiregrass II Community Development District</name>
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        <name>Lake Hideaway Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Six Mile Creek Community Development District</name>
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        <name>Meadow View at Twin Creeks Community Development District</name>
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        <name>Mission Economic Development Corp.</name>
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        <name>Fallschase Community Development District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Denton TX</name>
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      <invstOrSec>
        <name>Osceola Village Center Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunbridge Stewardship District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Marble Falls TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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        <name>Veranda Community Development District II</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>City of Terrell TX</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Kindred Community Development District II</name>
        <lei>N/A</lei>
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        <balance>1100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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      <invstOrSec>
        <name>Baseline Metropolitan District No. 1</name>
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          <isin value="US069826AY15"/>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>V-Dana Community Development District</name>
        <lei>N/A</lei>
        <title>V-Dana Community Development District, Series 2021</title>
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          <isin value="US91822RAG02"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1046348.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Tulsa Municipal Airport Trust Trustees</name>
        <lei>N/A</lei>
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          <isin value="US899661EN87"/>
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        <balance>1390000.00000000</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>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>V-Dana Community Development District</name>
        <lei>N/A</lei>
        <title>V-Dana Community Development District, Series 2021</title>
        <cusip>91822RAF2</cusip>
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          <isin value="US91822RAF29"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383750.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204FUD58"/>
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        <balance>500000.00000000</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>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mesquite TX</name>
        <lei>N/A</lei>
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        <balance>647000.00000000</balance>
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        <valUSD>657849.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Entrada Community Development District</name>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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      <invstOrSec>
        <name>CalPlant I LLC</name>
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          <isin value="US13136CAK99"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2023-08-31</maturityDt>
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          <annualizedRt>9.50000000</annualizedRt>
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      <invstOrSec>
        <name>Pine Isle Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US72265AAD81"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Hays TX</name>
        <lei>N/A</lei>
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        <cusip>420894AJ6</cusip>
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          <isin value="US420894AJ65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Chapel Crossings Community Development District</name>
        <lei>N/A</lei>
        <title>Chapel Crossings Community Development District, Series 2020</title>
        <cusip>15942YAC8</cusip>
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          <isin value="US15942YAC84"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1433080.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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      <invstOrSec>
        <name>Avalon Park West Community Development District</name>
        <lei>N/A</lei>
        <title>Avalon Park West Community Development District, Series 2020</title>
        <cusip>05346TAD0</cusip>
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          <isin value="US05346TAD00"/>
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        <balance>580000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Riverside County Transportation Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Oaks Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
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        <name>Saddle Creek Preserve of Polk County Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Veranda Community Development District II</name>
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        <name>Quail Roost Community Development District</name>
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        <name>Sierra Vista Industrial Development Authority</name>
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      <invstOrSec>
        <name>West Villages Improvement District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hampshire Business Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cypress Ridge Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sunbridge Stewardship District</name>
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        <name>North AR-1 Pasco Community Development District</name>
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        <name>Banning Lewis Ranch Regional Metropolitan District No. 1</name>
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        <name>Viridian Municipal Management District</name>
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        <name>Tolomato Community Development District</name>
        <lei>N/A</lei>
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        <name>Commonwealth of Puerto Rico</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arbors Community Development District</name>
        <lei>N/A</lei>
        <title>Arbors Community Development District, Series 2024</title>
        <cusip>03879SAF7</cusip>
        <identifiers>
          <isin value="US03879SAF74"/>
          <other otherDesc="Inhouse Asset ID" value="1416200"/>
        </identifiers>
        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>775368.02000000</valUSD>
        <pctVal>0.016962703297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</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>City of Lavon TX</name>
        <lei>N/A</lei>
        <title>City of Lavon, Series 2022</title>
        <cusip>51946PBW3</cusip>
        <identifiers>
          <isin value="US51946PBW32"/>
          <other otherDesc="Inhouse Asset ID" value="1187418"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>956727.10000000</valUSD>
        <pctVal>0.020930290539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</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>Hammock Reserve Community Development District</name>
        <lei>N/A</lei>
        <title>Hammock Reserve Community Development District, Series 2022</title>
        <cusip>408348AK6</cusip>
        <identifiers>
          <isin value="US408348AK69"/>
          <other otherDesc="Inhouse Asset ID" value="1195195"/>
        </identifiers>
        <balance>445000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>453696.06000000</valUSD>
        <pctVal>0.009925495318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</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>Joshua Farms Municipal Management District No. 1</name>
        <lei>N/A</lei>
        <title>Joshua Farms Municipal Management District No. 1, Series 2023</title>
        <cusip>481043AA5</cusip>
        <identifiers>
          <isin value="US481043AA58"/>
          <other otherDesc="Inhouse Asset ID" value="1246557"/>
        </identifiers>
        <balance>373000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375510.36000000</valUSD>
        <pctVal>0.008215029066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Medina TX</name>
        <lei>N/A</lei>
        <title>County of Medina, Series 2021</title>
        <cusip>584735AF1</cusip>
        <identifiers>
          <isin value="US584735AF16"/>
          <other otherDesc="Inhouse Asset ID" value="1137930"/>
        </identifiers>
        <balance>780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737636.17000000</valUSD>
        <pctVal>0.016137244727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DW Bayview Community Development District</name>
        <lei>N/A</lei>
        <title>DW Bayview Community Development District, Series 2021</title>
        <cusip>23342SAA5</cusip>
        <identifiers>
          <isin value="US23342SAA50"/>
          <other otherDesc="Inhouse Asset ID" value="1133271"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84371.72000000</valUSD>
        <pctVal>0.001845797629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</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>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Tax Free Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
