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        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>Colorado Housing and Finance Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Yellowstone County K-12 School District No. 26 Lockwood</name>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <maturityDt>2033-06-15</maturityDt>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Tarrant Regional Water District Water Supply System</name>
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        <name>Mississippi Home Corp.</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Port New Orleans Board of Commissioners</name>
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        <name>California State University</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Cotati-Rohnert Park Unified School District</name>
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        <name>San Diego Association of Governments South Bay Expressway</name>
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        <name>North Texas Municipal Water District Water System</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Town of Prosper</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Wisconsin Housing &amp; Economic Development Authority</name>
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      <invstOrSec>
        <name>City of Dallas</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QCM24"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rhode Island Housing and Mortgage Finance Corp.</name>
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          <isin value="US76221RYT49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Utah Infrastructure Agency</name>
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          <isin value="US917462AR47"/>
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          <maturityDt>2041-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clark County School District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-06-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Atlantic County Improvement Authority (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of El Paso</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Broward Tourist Development Tax</name>
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        <name>El Camino Community College District Foundation (The)</name>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>City of Houston Hotel Occupancy Tax</name>
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        <name>New Brunswick Parking Authority</name>
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        <name>Central Texas Turnpike System</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>South Dakota Conservancy District</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>Bay Area Toll Authority</name>
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        <name>City of Hutchinson</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Putnam County Development Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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          <maturityDt>2028-09-01</maturityDt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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        <name>City of New York</name>
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          <maturityDt>2043-08-01</maturityDt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Louis Municipal Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
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          <maturityDt>2046-01-01</maturityDt>
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        <name>Municipal Electric Authority of Georgia</name>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>South Carolina Public Service Authority</name>
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        <name>Chicago Park District</name>
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        <name>Rensselaer City School District</name>
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        <name>City of Chicago Wastewater Transmission</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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        <invCountry>PR</invCountry>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp.</title>
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        <name>Utah Housing Corp.</name>
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        <name>Grand Parkway Transportation Corp.</name>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Tennessee Energy Acquisition Corp.</name>
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          <isin value="US880443JE70"/>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Brookhaven Development Authority</name>
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          <maturityDt>2049-07-01</maturityDt>
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        <name>Indiana University</name>
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          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <cusip>64971XX37</cusip>
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          <isin value="US64971XX371"/>
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        <name>City of Chicago</name>
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        <valUSD>5744697.00000000</valUSD>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
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          <maturityDt>2045-05-15</maturityDt>
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        <name>District of Columbia</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Guam Government Waterworks Authority</name>
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        <name>State of California</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>County of Broward Convention Center Hotel</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of California</name>
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        <name>Washington Higher Education Facilities Authority</name>
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        <name>Lincoln Consolidated School District</name>
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        <name>Providence Public Building Authority</name>
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          <maturityDt>2026-06-15</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <invCountry>GU</invCountry>
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        <name>Wildwood Utility Dependent District</name>
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        <name>Silver Bow County School District No. 1</name>
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        <name>Hampton Roads Transportation Accountability Commission</name>
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        <name>Matching Fund Special Purpose Securitization Corp.</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>State of California</name>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Patriots Energy Group Financing Agency</name>
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          <isin value="US70342PAK03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maine State Housing Authority</name>
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        <name>Greater Orlando Aviation Authority</name>
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          <isin value="US392274Z332"/>
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          <maturityDt>2029-10-01</maturityDt>
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      <invstOrSec>
        <name>City of Salt Lake City Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
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        <name>Guam Power Authority</name>
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        <invCountry>GU</invCountry>
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        <name>New York State Urban Development Corp.</name>
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        <name>West Palm Beach Community Redevelopment Agency</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>Washington State Housing Finance Commission</name>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>District of Columbia</name>
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        <name>City of Tampa</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Indiana University</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971XC896"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>Texas Water Development Board</name>
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        <name>City of Hutchinson</name>
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        <name>Fredericksburg Independent School District</name>
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        <name>Territory of Guam</name>
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        <name>New Jersey Building Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>Adams State University</name>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>University of Arkansas</name>
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        <name>Illinois Municipal Electric Agency</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>University of Vermont and State Agricultural College</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Brookhaven Development Authority</name>
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        <name>Western Illinois Economic Development Authority</name>
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          <isin value="US958365BC11"/>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Tahoe-Truckee Unified School District</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Sangamon County School District No. 186 Springfield</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Chicago Wastewater Transmission</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Guam Power Authority</name>
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        <name>Village of Bellwood</name>
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        <name>County of Broward Tourist Development Tax</name>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>City of Sacramento Transient Occupancy Tax</name>
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        <name>Westminster School District</name>
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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>City of Austin Airport System</name>
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        <name>Sumter Two School Facilities, Inc.</name>
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        <name>University of Arkansas</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Love Field Airport Modernization Corp.</name>
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        <name>Greater Clark Building Corp.</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>New York State Thruway Authority</name>
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        <name>University of South Alabama</name>
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        <name>Long Island Power Authority</name>
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        <name>Metropolitan St Louis Sewer District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2039-02-15</maturityDt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Missouri Housing Development Commission</name>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kentucky Public Energy Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>County of Lee</name>
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      <invstOrSec>
        <name>Riverside County Transportation Commission</name>
        <lei>N/A</lei>
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          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DTK45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
        <cusip>888808HG0</cusip>
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          <isin value="US888808HG07"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2725958.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montana Facility Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>61204KKX8</cusip>
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          <isin value="US61204KKX80"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line</title>
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          <isin value="US5946952P22"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts Transportation Fund</name>
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          <isin value="US57604THK51"/>
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        <curCd>USD</curCd>
        <valUSD>8785369.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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        <cusip>235241WS1</cusip>
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          <isin value="US235241WS11"/>
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        <balance>10385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10417394.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Florida</name>
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        <curCd>USD</curCd>
        <valUSD>3914666.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <maturityDt>2048-03-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>South Carolina Public Service Authority</name>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Territory of Guam</name>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>West Carrollton City School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Connecticut Housing Finance Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>City of Sacramento Transient Occupancy Tax</name>
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        <name>Utah Housing Corp.</name>
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        <name>University of Washington</name>
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        <name>United City of Yorkville</name>
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        <name>Lincoln Consolidated School District</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>University of Cincinnati</name>
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        <name>Rock Island County Public Building Commission</name>
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        <name>City of Miami Parking System</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Brookhaven Development Authority</name>
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        <name>Southern Illinois University</name>
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        <name>School Board of Miami-Dade County (The)</name>
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      <invstOrSec>
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        <name>New York State Urban Development Corp.</name>
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      <invstOrSec>
        <name>City of Hartford</name>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>City of Chicago Waterworks</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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          <isin value="US46247SAT15"/>
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        <valUSD>4088651.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Lee Airport</name>
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          <isin value="US523470HC92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Los Angeles Department of Airports</name>
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        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US544445GB92"/>
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        <balance>3785000.00000000</balance>
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        <valUSD>4049363.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest</title>
        <cusip>29270C4R3</cusip>
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          <isin value="US29270C4R32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp.</title>
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          <isin value="US762244FD84"/>
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        <balance>4500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Utah</name>
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          <maturityDt>2045-05-15</maturityDt>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2039-08-15</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063DQR2</cusip>
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        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure &amp; Economic Development Bank</title>
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        <invCountry>US</invCountry>
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        <name>Bexar County Hospital District</name>
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        <name>Black Belt Energy Gas District</name>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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        <name>Puerto Rico Municipal Finance Agency</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-08-01</maturityDt>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2035-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago Wastewater Transmission</name>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>County of Clark</name>
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        <name>Southern Illinois University</name>
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        <name>Michigan Finance Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Chicago</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Los Rios Community College District</name>
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      <invstOrSec>
        <name>Little Rock School District</name>
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      <invstOrSec>
        <name>City of Bridgeport</name>
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        <name>New York Power Authority</name>
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        <name>State of California</name>
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          <isin value="US13063DUD82"/>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>School Board of Miami-Dade County (The)</name>
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          <isin value="US59333RLC69"/>
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          <maturityDt>2039-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Hartford</name>
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        <title>City of Hartford</title>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Iowa Finance Authority</name>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>New York City Housing Development Corp.</name>
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        <name>Yellowstone County K-12 School District No. 26 Lockwood</name>
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        <name>Clermont County Port Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Jackson County Reorganized School District No. 7</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>North Sumter County Utility Dependent District</name>
        <lei>N/A</lei>
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          <isin value="US66272REF55"/>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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          <isin value="US544445UX56"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461365V99"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Hospital Equipment Loan Council</name>
        <lei>N/A</lei>
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          <isin value="US647370HU23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority</title>
        <cusip>91754TE82</cusip>
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          <isin value="US91754TE822"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US546399DS22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Simi Valley Unified School District</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Battery Park City Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured</title>
        <cusip>64971XG28</cusip>
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          <isin value="US64971XG285"/>
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        <balance>5500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2043-03-15</maturityDt>
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        <name>New York Liberty Development Corp.</name>
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          <maturityDt>2043-09-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US8827567D55"/>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>California Municipal Finance Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>State of New Jersey</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <name>Washington State Housing Finance Commission</name>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Miami Beach Parking</name>
        <lei>N/A</lei>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wyoming Community Development Authority</name>
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          <maturityDt>2043-06-01</maturityDt>
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        <name>State of Texas</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Nebraska Investment Finance Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>New Brunswick Parking Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Puerto Rico Municipal Finance Agency</name>
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        <invCountry>PR</invCountry>
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        <name>Peninsula Corridor Joint Powers Board</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Chicago Waterworks</name>
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        <invCountry>US</invCountry>
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        <name>New Orleans Aviation Board</name>
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        <name>Springdale Public Facilities Board</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>State of Illinois</name>
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        <name>Southern California Water Replenishment District</name>
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        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
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          <isin value="US64972HVQ28"/>
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          <maturityDt>2036-07-15</maturityDt>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010CN92"/>
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          <maturityDt>2050-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Vanderburgh County Redevelopment District</name>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sweetwater Union High School District</name>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>City of Sacramento Transient Occupancy Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Montana Facility Finance Authority</name>
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          <isin value="US61204KKZ39"/>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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          <maturityDt>2036-10-01</maturityDt>
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        <name>State of Washington</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Fort Bend Grand Parkway Toll Road Authority</name>
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        <name>Central Plains Energy Project</name>
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        <name>City of Cape Coral Water &amp; Sewer</name>
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        <name>JEA Electric System</name>
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        <name>San Marcos Schools Financing Authority</name>
        <lei>N/A</lei>
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        <name>State of Hawaii State Highway Fund</name>
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      <invstOrSec>
        <name>Development Authority of Burke County (The)</name>
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        <name>City of Georgetown Utility System</name>
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          <maturityDt>2052-08-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
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          <maturityDt>2036-11-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2040-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Central Texas Turnpike System</name>
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        <name>State of Louisiana</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Downriver Utility Wastewater Authority</name>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>State of Connecticut</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Massachusetts Housing Finance Agency</name>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Miami Parking System</name>
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        <name>City of Orlando Tourist Development Tax</name>
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          <maturityDt>2038-11-01</maturityDt>
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        <name>State of Illinois</name>
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        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
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        <name>Little Rock School District</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Connecticut</name>
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        <name>Texas State University System</name>
        <lei>N/A</lei>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Park District</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Philadelphia Water &amp; Wastewater</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City &amp; County of Denver</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Alta Loma School District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>California Municipal Finance Authority</name>
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        <name>Intermountain Power Agency</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Commonwealth of Massachusetts Transportation Fund</name>
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        <name>City of Hartford</name>
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        <name>City of Chicago Waterworks</name>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>Utah Infrastructure Agency</name>
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        <name>Atlanta Development Authority (The)</name>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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        <name>University of South Alabama</name>
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        <name>New York State Urban Development Corp.</name>
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          <maturityDt>2041-03-15</maturityDt>
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        <name>Chicago Park District</name>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Urban Development Corp.</name>
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          <maturityDt>2040-03-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>City of Chicago Wastewater Transmission</name>
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        <name>City of Salt Lake City Airport</name>
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        <name>Merrillville Multi School Building Corp.</name>
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        <name>TSASC, Inc.</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Illinois Sports Facilities Authority (The)</name>
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        <name>Matching Fund Special Purpose Securitization Corp.</name>
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      <invstOrSec>
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        <name>City &amp; County of Denver</name>
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        <name>South Carolina Public Service Authority</name>
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          <isin value="US837151PZ61"/>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VAG32"/>
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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>2024-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
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          <isin value="US64966QVT48"/>
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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>2043-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Municipal Finance Agency</name>
        <lei>N/A</lei>
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          <isin value="US745277QR72"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QZC94"/>
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        <balance>3115000.00000000</balance>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii Department of Budget &amp; Finance</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <isin value="US59447PA274"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="TYU2COS"/>
          <other otherDesc="Future Ticker" value="TYU2 Comdty"/>
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        <balance>-5850.00000000</balance>
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      <invstOrSec>
        <name>Railsplitter Tobacco Settlement Authority</name>
        <lei>N/A</lei>
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          <isin value="US75076PAZ80"/>
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        <name>Richmond Joint Powers Financing Authority</name>
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        <name>Development Authority of Appling County</name>
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        <name>Intermountain Power Agency</name>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>BlackRock Liquidity Funds MuniCash</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>University of Nebraska Facilities Corp.</name>
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        <name>Lower Colorado River Authority</name>
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        <name>San Diego Association of Governments South Bay Expressway</name>
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        <name>Utah Housing Corp.</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Energy Northwest</name>
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      <invstOrSec>
        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>University of Vermont and State Agricultural College</name>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Manchester General Airport</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Minnesota Office of Higher Education</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116FB70"/>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>Sales Tax Securitization Corp.</name>
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          <isin value="US79467BBK08"/>
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        <name>State of New Jersey</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Village of Schaumburg</name>
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        <name>City of Hartford</name>
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        <name>Gilbert Water Resource Municipal Property Corp.</name>
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        <name>Chicago Park District</name>
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        <name>State of Utah</name>
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        <name>Lower Alabama Gas District (The)</name>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hoffman Estates Park District</name>
        <lei>N/A</lei>
        <title>Hoffman Estates Park District</title>
        <cusip>434462PX9</cusip>
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          <isin value="US434462PX97"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QPQ9</cusip>
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          <isin value="US74526QPQ90"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1250960.08000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>California School Facilities Financing Authority</title>
        <cusip>13058RAU8</cusip>
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          <isin value="US13058RAU86"/>
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        <balance>15500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4002679.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition and Supply Corp. II</name>
        <lei>8E22IH4TQD26WYDGHB25</lei>
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        <cusip>88255QBH1</cusip>
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          <isin value="US88255QBH11"/>
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        <balance>39050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37801161.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.89699990</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Suffolk County Water Authority</name>
        <lei>N/A</lei>
        <title>Suffolk County Water Authority</title>
        <cusip>864784DL4</cusip>
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          <isin value="US864784DL45"/>
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        <balance>16270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16300620.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey</title>
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          <isin value="US73358W3Z54"/>
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        <balance>10815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10909039.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
        <title>Louisville/Jefferson County Metropolitan Government</title>
        <cusip>546585VN7</cusip>
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          <isin value="US546585VN78"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4321014.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152Q61</cusip>
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          <isin value="US452152Q617"/>
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        <balance>7775000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lincoln County Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Lincoln County Educational Facilities Authority</title>
        <cusip>533345AV6</cusip>
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          <isin value="US533345AV64"/>
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        <balance>2700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3002046.57000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
        <cusip>888808HM7</cusip>
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          <isin value="US888808HM74"/>
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        <balance>5200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5588354.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Brunswick Parking Authority</name>
        <lei>N/A</lei>
        <title>New Brunswick Parking Authority</title>
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          <isin value="US642835NW80"/>
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        <balance>3855000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Private Colleges &amp; Universities Authority</name>
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          <isin value="US74265LZ848"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Mateo Foster City Public Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US79905VBB62"/>
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        <balance>9000000.00000000</balance>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
        <lei>N/A</lei>
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          <isin value="US190335JA87"/>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <isin value="US452153DB28"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5612976.00000000</valUSD>
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          <maturityDt>2047-03-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602RFH30"/>
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        <balance>5255000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>Springfield School District No. R-12</name>
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        <name>Southern Illinois University</name>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Houston</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago Heights</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US79739GPR10"/>
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        <balance>2185000.00000000</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>2051-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Little Rock School District</name>
        <lei>N/A</lei>
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          <isin value="US5374282Q68"/>
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        <curCd>USD</curCd>
        <valUSD>5337268.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade Water &amp; Sewer System</name>
        <lei>N/A</lei>
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          <isin value="US59334DLU62"/>
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        <balance>18175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20120748.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago Motor Fuel Tax</name>
        <lei>N/A</lei>
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          <isin value="US16756KEP84"/>
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        <balance>3975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4162211.77000000</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>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <cusip>62620HDJ8</cusip>
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          <isin value="US62620HDJ86"/>
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        <balance>2305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2283639.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VAH1</cusip>
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          <isin value="US13048VAH15"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481294.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <balance>5250000.00000000</balance>
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        <valUSD>5601307.43000000</valUSD>
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          <maturityDt>2059-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
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          <isin value="US882667BK34"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2327101.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York City Transitional Finance Authority</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority</title>
        <cusip>64971W6V7</cusip>
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          <isin value="US64971W6V72"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3906645.75000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Center District</name>
        <lei>N/A</lei>
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        <balance>2600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2633599.02000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
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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>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WZX72"/>
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        <balance>11100000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges &amp; Universities Authority</title>
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          <isin value="US74265LS744"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
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          <isin value="US592112WA03"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4973341.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>South Carolina Public Service Authority</name>
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        <name>City &amp; County Honolulu Wastewater System</name>
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          <maturityDt>2051-07-01</maturityDt>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VAK44"/>
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          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Park District</name>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Washington</name>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>County of Miami-Dade Seaport Department</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tri-County Area School District</name>
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        <name>County of Miami-Dade Seaport Department</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <name>Utah Housing Corp.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Utah Housing Corp.</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <name>University of Washington</name>
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        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077DMD11"/>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VAL27"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758VS99"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VAJ70"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US041438HE52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Salt Lake City Airport</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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          <maturityDt>2050-12-01</maturityDt>
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        <name>Anaheim City School District</name>
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        <name>North Sumter County Utility Dependent District</name>
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        <name>Louisville</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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          <maturityDt>2031-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School Board of Miami-Dade County (The)</name>
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          <maturityDt>2034-03-15</maturityDt>
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        <name>Greater Orlando Aviation Authority</name>
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        <name>City of San Antonio Electric &amp; Gas Systems</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Utah Housing Corp.</name>
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        <name>Argyle Independent School District</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>City of Atlanta Water &amp; Wastewater</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Municipal Electric Authority of Georgia</name>
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      <invstOrSec>
        <name>Grossmont-Cuyamaca Community College District</name>
        <lei>N/A</lei>
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        <cusip>399267GT4</cusip>
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          <isin value="US399267GT47"/>
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        <curCd>USD</curCd>
        <valUSD>6069231.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montana Facility Finance Authority</name>
        <lei>N/A</lei>
        <title>Montana Facility Finance Authority</title>
        <cusip>61204KKW0</cusip>
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          <isin value="US61204KKW08"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1940868.54000000</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>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
        <cusip>46246K7U0</cusip>
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          <isin value="US46246K7U02"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6359031.80000000</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>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc.</title>
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          <isin value="US02765URJ50"/>
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        <balance>24435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26131238.60000000</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>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>6461366C0</cusip>
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          <isin value="US6461366C00"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4143519.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049YEK3</cusip>
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          <isin value="US13049YEK38"/>
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        <balance>3650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3921758.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152A50</cusip>
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          <isin value="US452152A504"/>
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        <balance>5405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5785759.01000000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129WPQ7</cusip>
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          <isin value="US45129WPQ77"/>
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        <balance>15270000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Industrial Development &amp; Export Authority</name>
        <lei>N/A</lei>
        <title>Alaska Industrial Development &amp; Export Authority</title>
        <cusip>011903EV9</cusip>
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          <isin value="US011903EV95"/>
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        <curCd>USD</curCd>
        <valUSD>3339232.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</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>City of Chicago</name>
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        <curCd>USD</curCd>
        <valUSD>1506387.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Bernardino City Unified School 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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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          <isin value="US70914PM745"/>
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        <name>San Diego Association of Governments South Bay Expressway</name>
        <lei>N/A</lei>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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          <isin value="US8828548A35"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Miami Parking System</name>
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        <name>Omaha Public Power District</name>
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        <invCountry>US</invCountry>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <name>Regional Transportation District</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>San Marcos Schools Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
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      <invstOrSec>
        <name>University of South Carolina</name>
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          <maturityDt>2051-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Loudoun</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago Waterworks</name>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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          <maturityDt>2046-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Gainesville</name>
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        <name>City of Chicago</name>
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        <name>Minnesota Public Facilities Authority</name>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>University of Washington</name>
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        <name>Metropolitan Water District of Southern California</name>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Livonia Public Schools</name>
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          <isin value="US539243UC71"/>
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          <maturityDt>2040-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584XRQ69"/>
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        <name>Murrieta Valley Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="USU2COS"/>
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        <name>Commonwealth Financing Authority</name>
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          <isin value="US20282EAV83"/>
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        <name>Riverside County Transportation Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <name>Village of Oswego</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Sangamon County School District No. 186 Springfield</name>
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        <name>Twin Rivers Unified School District</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>East Baton Rouge Sewerage Commission</name>
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        <name>City of Atlantic City</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <maturityDt>2038-07-01</maturityDt>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sierra Joint Community College District</name>
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          <isin value="US826239FT78"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
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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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        <name>Yellowstone County K-12 School District No. 26 Lockwood</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virgin Islands Public Finance Authority</name>
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        <invCountry>VI</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>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cook County Community High School District No. 212 Leyden</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <maturityDt>2051-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Peralta Community College District</name>
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        <name>Great Lakes Water Authority Water Supply System</name>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Clermont County Port Authority</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2037-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
        <lei>0UDITKOYW0YKG3BBP242</lei>
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          <isin value="US88256HBB33"/>
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        <curCd>USD</curCd>
        <valUSD>3720610.76000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Park City School District</name>
        <lei>N/A</lei>
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        <cusip>700250KS1</cusip>
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          <isin value="US700250KS16"/>
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        <curCd>USD</curCd>
        <valUSD>4009775.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montana State Board of Regents</name>
        <lei>N/A</lei>
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          <isin value="US61212LTN90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WNM46"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
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          <isin value="US167593W327"/>
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        <curCd>USD</curCd>
        <valUSD>11093509.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>8827567C7</cusip>
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          <isin value="US8827567C72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1034507.30000000</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>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650009T45</cusip>
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          <isin value="US650009T456"/>
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        <balance>14660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16595086.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onondaga County Trust for Cultural Resources</name>
        <lei>N/A</lei>
        <title>Onondaga County Trust for Cultural Resources</title>
        <cusip>68276FDQ0</cusip>
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          <isin value="US68276FDQ00"/>
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        <balance>19750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22231680.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Coralville</name>
        <lei>549300UKC7MMW46X6P25</lei>
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          <isin value="US218086CB00"/>
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        <curCd>USD</curCd>
        <valUSD>1327365.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority</title>
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          <isin value="US64971WL816"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cobb County Kennestone Hospital Authority</name>
        <lei>549300TB04LETJYNFR44</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
        <lei>0UDITKOYW0YKG3BBP242</lei>
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          <isin value="US88256HBF47"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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          <maturityDt>2049-07-15</maturityDt>
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        <name>Yellowstone County K-12 School District No. 26 Lockwood</name>
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        <name>State Board of Higher Education of the State of North Dakota</name>
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        <name>State of California</name>
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        <invCountry>US</invCountry>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Chicago Waterworks</name>
        <lei>N/A</lei>
        <title>City of Chicago Waterworks</title>
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          <isin value="US167736B896"/>
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        <curCd>USD</curCd>
        <valUSD>1773170.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>San Mateo Foster City Public Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>79905VAX9</cusip>
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          <isin value="US79905VAX91"/>
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        <curCd>USD</curCd>
        <valUSD>3932044.55000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System</title>
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          <isin value="US662903C437"/>
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        <curCd>USD</curCd>
        <valUSD>6429847.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alta Loma School District</name>
        <lei>N/A</lei>
        <title>Alta Loma School District</title>
        <cusip>021321LS1</cusip>
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          <isin value="US021321LS11"/>
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        <curCd>USD</curCd>
        <valUSD>4132276.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
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        <cusip>207758A52</cusip>
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          <isin value="US207758A522"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3455036.25000000</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>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut</title>
        <cusip>20772JSH6</cusip>
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          <isin value="US20772JSH67"/>
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        <balance>1990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2087873.18000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BEL5</cusip>
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          <isin value="US79467BEL53"/>
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        <balance>14250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14190584.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772J6V90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southwest Higher Education Authority, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>County of Suffolk</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-04-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>Kentucky Public Energy Authority</name>
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        <name>Hampton Roads Transportation Accountability Commission</name>
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        <name>Omaha Public Power District</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <invCountry>US</invCountry>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FL44</cusip>
        <identifiers>
          <isin value="US64990FL449"/>
        </identifiers>
        <balance>9000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9157849.20000000</valUSD>
        <pctVal>0.126688878488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Transportation Infrastructure Bank</name>
        <lei>549300YI1NMCP4VLJN43</lei>
        <title>South Carolina Transportation Infrastructure Bank</title>
        <cusip>837152UR6</cusip>
        <identifiers>
          <isin value="US837152UR63"/>
        </identifiers>
        <balance>5310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5899481.15000000</valUSD>
        <pctVal>0.081612902138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harris County Flood Control District</name>
        <lei>N/A</lei>
        <title>Harris County Flood Control District</title>
        <cusip>4140187U9</cusip>
        <identifiers>
          <isin value="US4140187U98"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5828084.00000000</valUSD>
        <pctVal>0.080625200259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County of Denver Airport System</name>
        <lei>N/A</lei>
        <title>City &amp; County of Denver Airport System</title>
        <cusip>249182KY1</cusip>
        <identifiers>
          <isin value="US249182KY19"/>
        </identifiers>
        <balance>4620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5018004.22000000</valUSD>
        <pctVal>0.069418627998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
        <cusip>167501XB6</cusip>
        <identifiers>
          <isin value="US167501XB68"/>
        </identifiers>
        <balance>17995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15848106.53000000</valUSD>
        <pctVal>0.219241308587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California</title>
        <cusip>91412HBE2</cusip>
        <identifiers>
          <isin value="US91412HBE27"/>
        </identifiers>
        <balance>5155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5767214.50000000</valUSD>
        <pctVal>0.079783136963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-05-15</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>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp.</title>
        <cusip>762244KS9</cusip>
        <identifiers>
          <isin value="US762244KS98"/>
        </identifiers>
        <balance>1045000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203612.92000000</valUSD>
        <pctVal>0.016650675026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookhaven Development Authority</name>
        <lei>N/A</lei>
        <title>Brookhaven Development Authority</title>
        <cusip>113073AU4</cusip>
        <identifiers>
          <isin value="US113073AU49"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2527276.95000000</valUSD>
        <pctVal>0.034962126524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Live Oak Elementary School District</name>
        <lei>N/A</lei>
        <title>Live Oak Elementary School District</title>
        <cusip>53803KCN1</cusip>
        <identifiers>
          <isin value="US53803KCN19"/>
        </identifiers>
        <balance>2705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2920483.82000000</valUSD>
        <pctVal>0.040401715699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152VJ7</cusip>
        <identifiers>
          <isin value="US452152VJ78"/>
        </identifiers>
        <balance>9050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9287938.98000000</valUSD>
        <pctVal>0.128488529036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</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>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DVC9</cusip>
        <identifiers>
          <isin value="US13063DVC90"/>
        </identifiers>
        <balance>6100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6495067.72000000</valUSD>
        <pctVal>0.089852194241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peninsula Corridor Joint Powers Board</name>
        <lei>549300EWZ3063STMF882</lei>
        <title>Peninsula Corridor Joint Powers Board</title>
        <cusip>707121AV1</cusip>
        <identifiers>
          <isin value="US707121AV15"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3716930.10000000</valUSD>
        <pctVal>0.051419683323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montana Facility Finance Authority</name>
        <lei>N/A</lei>
        <title>Montana Facility Finance Authority</title>
        <cusip>61204KLA7</cusip>
        <identifiers>
          <isin value="US61204KLA78"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1275645.12000000</valUSD>
        <pctVal>0.017647162130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2022-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>MAINSTAY FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Jack Benintende</ncom:signature>
      <ncom:signerName>Jack Benintende</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
