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        <cusip>010268CR9</cusip>
        <identifiers>
          <isin value="US010268CR94"/>
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        <balance>2160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1929442.68000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.85600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series 2021 B</title>
        <cusip>010268CU2</cusip>
        <identifiers>
          <isin value="US010268CU24"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3392044.00000000</valUSD>
        <pctVal>0.282998474398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series 2021 B</title>
        <cusip>010268CV0</cusip>
        <identifiers>
          <isin value="US010268CV07"/>
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        <balance>7400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6176518.04000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority, Series B</title>
        <cusip>010869LP8</cusip>
        <identifiers>
          <isin value="US010869LP80"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2688730.00000000</valUSD>
        <pctVal>0.224320936895</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Alameda</name>
        <lei>N/A</lei>
        <title>County of Alameda, Series 2022 B</title>
        <cusip>010878BK1</cusip>
        <identifiers>
          <isin value="US010878BK11"/>
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        <balance>3050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2937662.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.69900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Allegheny</name>
        <lei>N/A</lei>
        <title>County of Allegheny, Series C-79</title>
        <cusip>01728VVQ0</cusip>
        <identifiers>
          <isin value="US01728VVQ03"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>860067.50000000</valUSD>
        <pctVal>0.071755493260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.78600000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series B</title>
        <cusip>02765UDC5</cusip>
        <identifiers>
          <isin value="US02765UDC53"/>
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        <balance>3455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3751163.29000000</valUSD>
        <pctVal>0.312959822541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.42400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series 2010A</title>
        <cusip>02765UEH3</cusip>
        <identifiers>
          <isin value="US02765UEH32"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7116175.20000000</valUSD>
        <pctVal>0.593703007731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.73400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anaheim Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Anaheim Public Financing Authority, Series A</title>
        <cusip>03255LKH1</cusip>
        <identifiers>
          <isin value="US03255LKH14"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2409869.84000000</valUSD>
        <pctVal>0.201055613730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.97100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Antelope Valley Community College District</name>
        <lei>N/A</lei>
        <title>Antelope Valley Community College District, Series 2020</title>
        <cusip>03667PGF3</cusip>
        <identifiers>
          <isin value="US03667PGF36"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1214920.20000000</valUSD>
        <pctVal>0.101360879492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.73800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BKP8</cusip>
        <identifiers>
          <isin value="US04052BKP84"/>
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        <balance>1115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1038265.70000000</valUSD>
        <pctVal>0.086622581877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BKQ6</cusip>
        <identifiers>
          <isin value="US04052BKQ67"/>
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        <balance>1900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1618742.24000000</valUSD>
        <pctVal>0.135051781275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Board of Regents</name>
        <lei>N/A</lei>
        <title>Arizona Board of Regents, Series 2023C</title>
        <cusip>040664HL1</cusip>
        <identifiers>
          <isin value="US040664HL19"/>
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        <balance>1525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1544826.22000000</valUSD>
        <pctVal>0.128884962421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.53100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Atlanta Water &amp; Wastewater</name>
        <lei>N/A</lei>
        <title>City of Atlanta, Series 2020</title>
        <cusip>047870SM3</cusip>
        <identifiers>
          <isin value="US047870SM36"/>
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        <balance>7250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6346088.85000000</valUSD>
        <pctVal>0.529454648274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>1.63700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Atlanta Water &amp; Wastewater</name>
        <lei>N/A</lei>
        <title>City of Atlanta Water &amp; Wastewater, Series 2020</title>
        <cusip>047870SN1</cusip>
        <identifiers>
          <isin value="US047870SN19"/>
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        <balance>5635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4565241.46000000</valUSD>
        <pctVal>0.380878422698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Augusta</name>
        <lei>N/A</lei>
        <title>Augusta, Series 2024</title>
        <cusip>051159FN6</cusip>
        <identifiers>
          <isin value="US051159FN67"/>
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        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10196770.00000000</valUSD>
        <pctVal>0.850717253018</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>4.94000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bay Laurel Center Community Development District Water &amp; Sewer</name>
        <lei>N/A</lei>
        <title>Bay Laurel Center Community Development District Water &amp; Sewer, Series 2022B</title>
        <cusip>07244RBC4</cusip>
        <identifiers>
          <isin value="US07244RBC43"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025518.00000000</valUSD>
        <pctVal>0.085559040351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Bayonne</name>
        <lei>N/A</lei>
        <title>City of Bayonne, Series 2021</title>
        <cusip>0728875E8</cusip>
        <identifiers>
          <isin value="US0728875E83"/>
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        <balance>1945000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1684093.81000000</valUSD>
        <pctVal>0.140504067451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.94200000</annualizedRt>
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      <invstOrSec>
        <name>County of Bexar</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Boise City Airport</name>
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      <invstOrSec>
        <name>Brookhaven Local Development Corp.</name>
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          <isin value="US113168BN76"/>
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      <invstOrSec>
        <name>County of Broward Airport System</name>
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      <invstOrSec>
        <name>County of Broward Airport System</name>
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        <name>Burbank-Glendale-Pasadena Airport Authority Brick Campaign</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
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          <isin value="US13013JBJ43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
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          <isin value="US13032UXR49"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>2.18600000</annualizedRt>
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        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>State of California</name>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2041-10-01</maturityDt>
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        <name>State of California</name>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>State of California</name>
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        <name>State of California</name>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <balance>7500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XLM91"/>
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        <curCd>USD</curCd>
        <valUSD>3193691.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.94200000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XLP23"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077DQL90"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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        <cusip>13077DTL6</cusip>
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          <isin value="US13077DTL63"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3796630.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13080SZE70"/>
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        <curCd>USD</curCd>
        <valUSD>1875855.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.14800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <cusip>154871BZ9</cusip>
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          <isin value="US154871BZ90"/>
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        <balance>2080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2072060.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chaffey Joint Union High School District</name>
        <lei>N/A</lei>
        <title>Chaffey Joint Union High School District, Series 2019</title>
        <cusip>157411TS8</cusip>
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          <isin value="US157411TS81"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2002884.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.86500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chapman University</name>
        <lei>549300TAU69ZJZ8QBL34</lei>
        <title>Chapman University, Series 2021</title>
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          <isin value="US15953PAF62"/>
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        <balance>2616000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2174963.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.06700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Charter Oak Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US161285SK85"/>
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        <balance>1330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1095072.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.48100000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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          <isin value="US167486ZR34"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1276280.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education, Series C</title>
        <cusip>167505QK5</cusip>
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          <isin value="US167505QK54"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2125423.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.31900000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
        <lei>N/A</lei>
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        <cusip>16772PCY0</cusip>
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          <isin value="US16772PCY07"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1944683.58000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10200000</annualizedRt>
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      <invstOrSec>
        <name>City of Columbus</name>
        <lei>N/A</lei>
        <title>City of Columbus, Series 2022D</title>
        <cusip>1994922A6</cusip>
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          <isin value="US1994922A61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.02200000</annualizedRt>
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      <invstOrSec>
        <name>Columbus Metropolitan Housing Authority</name>
        <lei>N/A</lei>
        <title>Columbus Metropolitan Housing Authority, Series 2024</title>
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          <isin value="US19951AAT34"/>
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        <curCd>USD</curCd>
        <valUSD>3810334.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut, Series A</title>
        <cusip>20772KKC2</cusip>
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          <isin value="US20772KKC26"/>
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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>2030-07-01</maturityDt>
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          <annualizedRt>2.67700000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2022A</title>
        <cusip>20772KQN2</cusip>
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          <isin value="US20772KQN27"/>
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        <balance>4600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.06000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series A</title>
        <cusip>20772KTM1</cusip>
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          <isin value="US20772KTM17"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7076330.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65700000</annualizedRt>
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      <invstOrSec>
        <name>Contra Costa Community College District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Contra Costa Transportation Authority Sales Tax</name>
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        <name>Cornell University</name>
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      <invstOrSec>
        <name>City of Corpus Christi Utility System</name>
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        <name>Cupertino Union School District</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Dallas Independent School District</name>
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        <name>City of Dallas Waterworks &amp; Sewer System</name>
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      <invstOrSec>
        <name>City &amp; County of Denver Airport System</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.20300000</annualizedRt>
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      <invstOrSec>
        <name>Emory University</name>
        <lei>95MD72NUUVZ3P8PQ6919</lei>
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          <isin value="US29157TAD81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.14300000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.16600000</annualizedRt>
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      <invstOrSec>
        <name>Erie City Water Authority</name>
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        <curCd>USD</curCd>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.96100000</annualizedRt>
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        <name>Farmville Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
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        <curCd>USD</curCd>
        <valUSD>22440.09000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>FHLMC</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Series B</title>
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        <curCd>USD</curCd>
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          <maturityDt>2032-02-01</maturityDt>
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        <name>Foothill-De Anza Community College District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.89600000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority</name>
        <lei>N/A</lei>
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        <balance>4795000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.02200000</annualizedRt>
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        <name>GNMA</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
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        <balance>54725.58000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56196.86000000</valUSD>
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          <maturityDt>2031-04-15</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Glendale Community College District</name>
        <lei>N/A</lei>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>2.26800000</annualizedRt>
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        <name>Glendale Community College District</name>
        <lei>N/A</lei>
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        <name>Port Authority of Guam</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.58200000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2021 GJ</title>
        <cusip>419792G75</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.04200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2023GM</title>
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          <isin value="US419792M520"/>
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        <curCd>USD</curCd>
        <valUSD>4121070.40000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2023GM</title>
        <cusip>419792M78</cusip>
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          <isin value="US419792M785"/>
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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>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.82100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2020 GC</title>
        <cusip>419792ZS8</cusip>
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          <isin value="US419792ZS86"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4739956.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.71800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2020 GC</title>
        <cusip>419792ZT6</cusip>
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          <isin value="US419792ZT69"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5086001.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.86800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hemet Unified School District</name>
        <lei>54930041KL801EWMW566</lei>
        <title>Hemet Unified School District, Series 2021</title>
        <cusip>423542RX9</cusip>
        <identifiers>
          <isin value="US423542RX92"/>
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        <balance>5285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4660651.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
        <lei>N/A</lei>
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        <cusip>4386706C0</cusip>
        <identifiers>
          <isin value="US4386706C00"/>
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        <balance>1980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1850860.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.06800000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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          <isin value="US438701Z561"/>
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        <curCd>USD</curCd>
        <valUSD>2566766.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62300000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston</name>
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          <isin value="US4423317C28"/>
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        <balance>2650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2344146.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.56800000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City of Houston Airport System</name>
        <lei>N/A</lei>
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        <cusip>442349EU6</cusip>
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          <isin value="US442349EU61"/>
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        <balance>1470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1264956.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.48500000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston Combined Utility System</name>
        <lei>N/A</lei>
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          <isin value="US4424355B53"/>
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        <balance>3025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2984791.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.82800000</annualizedRt>
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      <invstOrSec>
        <name>County of Howard</name>
        <lei>N/A</lei>
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          <isin value="US44256PYX58"/>
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        <curCd>USD</curCd>
        <valUSD>2510487.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.55000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <cusip>45204EC71</cusip>
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          <isin value="US45204EC714"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>3.54800000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204EC896"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>3.59800000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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          <annualizedRt>6.72500000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>7.35000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.52000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2013</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax</title>
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        <balance>3170000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax, Series B</title>
        <cusip>452227SR3</cusip>
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          <isin value="US452227SR33"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2244694.00000000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15900000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Housing &amp; Community Development Authority</name>
        <lei>549300QRKDYVNHT1OE86</lei>
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          <isin value="US45505TY542"/>
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        <curCd>USD</curCd>
        <valUSD>5207762.50000000</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>2054-07-01</maturityDt>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
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          <isin value="US45528S4Y97"/>
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        <balance>4830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4959578.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>5.85400000</annualizedRt>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US45884AG985"/>
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        <curCd>USD</curCd>
        <valUSD>1051845.52000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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        <cusip>45884AH55</cusip>
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          <isin value="US45884AH553"/>
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        <curCd>USD</curCd>
        <valUSD>2606588.71000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.22800000</annualizedRt>
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      <invstOrSec>
        <name>JobsOhio Beverage System</name>
        <lei>N/A</lei>
        <title>JobsOhio Beverage System, Series 2013B</title>
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          <isin value="US47770VAZ31"/>
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        <curCd>USD</curCd>
        <valUSD>12116104.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.53200000</annualizedRt>
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      <invstOrSec>
        <name>JobsOhio Beverage System</name>
        <lei>N/A</lei>
        <title>JobsOhio Beverage System</title>
        <cusip>47770VBR0</cusip>
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          <isin value="US47770VBR06"/>
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        <balance>7410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7339446.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.43300000</annualizedRt>
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      <invstOrSec>
        <name>Johns Hopkins University</name>
        <lei>549300Z1XKWYKTIOM958</lei>
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        <cusip>478115AH1</cusip>
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          <isin value="US478115AH19"/>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5805944.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70500000</annualizedRt>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
        <title>County of King, Series 2023 C</title>
        <cusip>49474FY87</cusip>
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          <isin value="US49474FY876"/>
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        <balance>1600000.00000000</balance>
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        <valUSD>1659084.48000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>4.93200000</annualizedRt>
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        <name>County of King</name>
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          <isin value="US49474FY959"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>4.98200000</annualizedRt>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
        <title>County of King, Series 2023 C</title>
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          <isin value="US49474FZ378"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.11200000</annualizedRt>
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      <invstOrSec>
        <name>County of King Sewer</name>
        <lei>N/A</lei>
        <title>County of King, Series 2020 B</title>
        <cusip>495290DF2</cusip>
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          <isin value="US495290DF27"/>
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        <balance>1235000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-01-01</maturityDt>
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          <annualizedRt>2.43000000</annualizedRt>
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        <name>County of King Sewer</name>
        <lei>N/A</lei>
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          <isin value="US495290DX33"/>
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        <balance>1880000.00000000</balance>
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        <name>City of Lincoln Electric System</name>
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          <isin value="US534272M713"/>
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        <name>Long Beach Community College District</name>
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        <name>Long Beach Community College District</name>
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      <invstOrSec>
        <name>City of Los Angeles</name>
        <lei>549300E7TO710PTXPJ65</lei>
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      <invstOrSec>
        <name>City of Los Angeles</name>
        <lei>549300E7TO710PTXPJ65</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports Customer Facility Charge</name>
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          <isin value="US54445CAB90"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports Customer Facility Charge</name>
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          <isin value="US54445CAD56"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Lucas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MainStay U.S. Government Liquidity Fund</name>
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        <issuerCat>RF</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Manor Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Marin Community College District</name>
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        <name>Marin Community College District</name>
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        <name>Marshfield Clinic Health System, Inc.</name>
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        <name>Maryland Stadium Authority</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <name>Commonwealth of Massachusetts</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
        <lei>254900JRR8IDSSKWCL90</lei>
        <title>Massachusetts Port Authority, Series 2021-C</title>
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          <isin value="US575896WK73"/>
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        <curCd>USD</curCd>
        <valUSD>1356988.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.67900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
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        <cusip>576000B69</cusip>
        <identifiers>
          <isin value="US576000B694"/>
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        <balance>2260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1831583.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.30000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
        <title>Massachusetts School Building Authority, Series B</title>
        <cusip>576000ZJ5</cusip>
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          <isin value="US576000ZJ58"/>
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        <balance>5165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4546205.11000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75300000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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        <cusip>576004HE8</cusip>
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          <isin value="US576004HE85"/>
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        <balance>11225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11005056.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.76900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series 2019 E</title>
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          <isin value="US576051VK99"/>
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        <balance>2015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1836217.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.32300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series C</title>
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          <isin value="US576051ZP41"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365604.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.09000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series 2021 C</title>
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          <isin value="US576051ZR07"/>
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        <balance>6275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5267906.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.39000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corp.</name>
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        <title>Matching Fund Special Purpose Securitization Corp., Series B</title>
        <cusip>57665NAH8</cusip>
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          <isin value="US57665NAH89"/>
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        <balance>5875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5843784.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Sports Authority</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Sports Authority, Series 2023D</title>
        <cusip>592090LR3</cusip>
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          <isin value="US592090LR37"/>
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        <balance>1315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1349245.62000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.98000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Sports Authority</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Sports Authority, Series 2023D</title>
        <cusip>592090LS1</cusip>
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          <isin value="US592090LS10"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031116.50000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Sports Authority</name>
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          <isin value="US592090LT92"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Sports Authority</name>
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          <isin value="US592090LV49"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US59225CAX65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59259YCA55"/>
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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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.54800000</annualizedRt>
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      <invstOrSec>
        <name>City of Miami Beach</name>
        <lei>N/A</lei>
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          <isin value="US593201A715"/>
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        <balance>2010000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Miami-Dade Aviation</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>N/A</lei>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.86200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department, Series SUB SER 2021 A-3</title>
        <cusip>59335KCS4</cusip>
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          <isin value="US59335KCS42"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1555259.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.96200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department, Series SUB SER 2021 A-3</title>
        <cusip>59335KCT2</cusip>
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          <isin value="US59335KCT25"/>
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        <balance>6940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5859138.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.01200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department, Series SUB SER 2021 A-3</title>
        <cusip>59335KCU9</cusip>
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          <isin value="US59335KCU97"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3327966.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.16200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department, Series 2023</title>
        <cusip>59335KFG7</cusip>
        <identifiers>
          <isin value="US59335KFG76"/>
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        <balance>1150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1199500.49000000</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>5.49900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Miami-Dade Seaport Department</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department, Series 2023</title>
        <cusip>59335KFK8</cusip>
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          <isin value="US59335KFK88"/>
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        <balance>3545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3757305.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series E</title>
        <cusip>59447PDA6</cusip>
        <identifiers>
          <isin value="US59447PDA66"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>808561.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.36900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Series 2020 II</title>
        <cusip>594615HW9</cusip>
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          <isin value="US594615HW95"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>802134.30000000</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>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03200000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Midland</name>
        <lei>N/A</lei>
        <title>City of Midland, Series 2022A</title>
        <cusip>5977496L9</cusip>
        <identifiers>
          <isin value="US5977496L99"/>
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        <balance>1420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1374411.89000000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60100000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>Minnesota Housing Finance Agency, Series 2024 J</title>
        <cusip>60416UDL6</cusip>
        <identifiers>
          <isin value="US60416UDL61"/>
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        <balance>3040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3198890.77000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Miramar</name>
        <lei>N/A</lei>
        <title>City of Miramar, Series 2021</title>
        <cusip>604633BK2</cusip>
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          <isin value="US604633BK25"/>
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        <balance>1970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1619930.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.44300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Miramar</name>
        <lei>N/A</lei>
        <title>City of Miramar, Series 2021</title>
        <cusip>604633BL0</cusip>
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          <isin value="US604633BL08"/>
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        <balance>2395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1946982.92000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.54300000</annualizedRt>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2010F</title>
        <cusip>6055805X3</cusip>
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          <isin value="US6055805X38"/>
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        <balance>4075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4115353.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.24500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2020 A</title>
        <cusip>605581NG8</cusip>
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          <isin value="US605581NG83"/>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7491696.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.63200000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series B</title>
        <cusip>605581PH4</cusip>
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          <isin value="US605581PH49"/>
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        <balance>2935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2612749.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.69900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series B</title>
        <cusip>605581PJ0</cusip>
        <identifiers>
          <isin value="US605581PJ05"/>
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        <balance>2135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1870330.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.84900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission, Series B</title>
        <cusip>60636WNU5</cusip>
        <identifiers>
          <isin value="US60636WNU52"/>
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        <balance>12120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12400193.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.44500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia, Series 2023 B</title>
        <cusip>62620HHR6</cusip>
        <identifiers>
          <isin value="US62620HHR66"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1545838.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.89000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Nashua</name>
        <lei>N/A</lei>
        <title>City of Nashua</title>
        <cusip>6312944C6</cusip>
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          <isin value="US6312944C63"/>
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        <balance>7345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7280344.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.22600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, Series 2024A</title>
        <cusip>63609FAD1</cusip>
        <identifiers>
          <isin value="US63609FAD15"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.53999926</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>63610HAA0</cusip>
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          <isin value="US63610HAA05"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20970560.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.89000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of New Castle</name>
        <lei>N/A</lei>
        <title>County of New Castle, Series 2021 B</title>
        <cusip>64327TJV1</cusip>
        <identifiers>
          <isin value="US64327TJV17"/>
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        <balance>11430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10164599.56000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.67000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2019NNN</title>
        <cusip>64577B8H0</cusip>
        <identifiers>
          <isin value="US64577B8H02"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1420843.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.77000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>State of New Jersey, Series A</title>
        <cusip>646039YA9</cusip>
        <identifiers>
          <isin value="US646039YA96"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3535856.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>State of New Jersey, Series A</title>
        <cusip>646039YF8</cusip>
        <identifiers>
          <isin value="US646039YF83"/>
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        <balance>5180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4624865.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority, Series B</title>
        <cusip>646140DS9</cusip>
        <identifiers>
          <isin value="US646140DS97"/>
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        <balance>3485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3116167.46000000</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>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.71300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL2024 B SUB B2</title>
        <cusip>64966Q7N4</cusip>
        <identifiers>
          <isin value="US64966Q7N40"/>
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        <balance>3880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4112701.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.51400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL2024 B SUB B2</title>
        <cusip>64966Q7P9</cusip>
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          <isin value="US64966Q7P97"/>
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        <balance>2110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2258432.17000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL 2020 A(A-3)</title>
        <cusip>64966QCG3</cusip>
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          <isin value="US64966QCG38"/>
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        <balance>2820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2580191.71000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QJL59"/>
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        <balance>2450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2130438.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QKS83"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>858598.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.97000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966QKW9</cusip>
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          <isin value="US64966QKW95"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4735285.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.22000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series E-2</title>
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          <isin value="US64966QX888"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2025674.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL 2021 D</title>
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          <isin value="US64966SEN27"/>
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        <balance>1210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1097643.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL 2021 D</title>
        <cusip>64966SEP7</cusip>
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          <isin value="US64966SEP74"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204750.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.72300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series FISCAL 2021 D</title>
        <cusip>64966SEY8</cusip>
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          <isin value="US64966SEY81"/>
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        <balance>5290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4763183.18000000</valUSD>
        <pctVal>0.397392714605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966SEZ5</cusip>
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          <isin value="US64966SEZ56"/>
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        <curCd>USD</curCd>
        <valUSD>943360.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.72300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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          <isin value="US64966SFB79"/>
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        <curCd>USD</curCd>
        <valUSD>1731075.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.92300000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <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, Series D-3</title>
        <cusip>64971X3M8</cusip>
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          <isin value="US64971X3M82"/>
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        <curCd>USD</curCd>
        <valUSD>6284205.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971X7L63"/>
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        <valUSD>6051421.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XJH26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XMN56"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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          <isin value="US64972JFX19"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.43000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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          <isin value="US64972JHA97"/>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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          <isin value="US64972JHC53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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          <isin value="US64972JHD37"/>
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        <name>State of New York</name>
        <lei>N/A</lei>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>State of New York</name>
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          <maturityDt>2033-02-15</maturityDt>
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          <annualizedRt>2.90000000</annualizedRt>
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        <name>State of New York</name>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>New York State Energy Research &amp; Development Authority</name>
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      <invstOrSec>
        <name>State of New York Mortgage Agency Homeowner Mortgage</name>
        <lei>N/A</lei>
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          <isin value="US64988YZB63"/>
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      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority, Series A</title>
        <cusip>64989KFD3</cusip>
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        <valUSD>7051752.88000000</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>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.74900000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2010H</title>
        <cusip>6499022E2</cusip>
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          <isin value="US6499022E20"/>
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        <balance>6935000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.28900000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2013A</title>
        <cusip>649907YA4</cusip>
        <identifiers>
          <isin value="US649907YA40"/>
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        <balance>6360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6438272.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2020 B</title>
        <cusip>64990GA51</cusip>
        <identifiers>
          <isin value="US64990GA515"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1641484.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.21900000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2019B</title>
        <cusip>64990GWU2</cusip>
        <identifiers>
          <isin value="US64990GWU20"/>
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        <balance>6430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5904589.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.74600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2020 A</title>
        <cusip>64990GY63</cusip>
        <identifiers>
          <isin value="US64990GY630"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>821550.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.59200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp., Series D</title>
        <cusip>6500355Y0</cusip>
        <identifiers>
          <isin value="US6500355Y02"/>
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        <balance>4990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4761778.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.32000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., Series B</title>
        <cusip>650116BH8</cusip>
        <identifiers>
          <isin value="US650116BH86"/>
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        <balance>5860000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5625294.11000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.47300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Norfolk</name>
        <lei>N/A</lei>
        <title>City of Norfolk, Series 2019 B</title>
        <cusip>655867ZE2</cusip>
        <identifiers>
          <isin value="US655867ZE24"/>
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        <balance>2255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1968797.43000000</valUSD>
        <pctVal>0.164256910904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.85400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen Taxable Municipal Income Fund</name>
        <lei>CGX4I2YMRMYU5022FW76</lei>
        <title>Nuveen Taxable Municipal Income Fund</title>
        <cusip>67074C103</cusip>
        <identifiers>
          <isin value="US67074C1036"/>
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        <balance>344182.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5596399.32000000</valUSD>
        <pctVal>0.466907996973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland, Series 2023A-2</title>
        <cusip>672240YY8</cusip>
        <identifiers>
          <isin value="US672240YY81"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1072018.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland, Series 2023A-2</title>
        <cusip>672240YZ5</cusip>
        <identifiers>
          <isin value="US672240YZ56"/>
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        <balance>2580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2792734.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland, Series 2023A-2</title>
        <cusip>672240ZB7</cusip>
        <identifiers>
          <isin value="US672240ZB79"/>
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        <balance>4205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4578114.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland, Series 2023A-2</title>
        <cusip>672240ZC5</cusip>
        <identifiers>
          <isin value="US672240ZC52"/>
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        <balance>4430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4835135.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oakland Unified School District/Alameda County</name>
        <lei>N/A</lei>
        <title>Oakland Unified School District, Series 2021</title>
        <cusip>672325P35</cusip>
        <identifiers>
          <isin value="US672325P359"/>
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        <balance>7405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6211197.74000000</valUSD>
        <pctVal>0.518200673284</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oglethorpe Power Corp.</name>
        <lei>3EERXCUSWMS9GV5D9M98</lei>
        <title>Oglethorpe Power Corp., Series 2006</title>
        <cusip>67704LAA9</cusip>
        <identifiers>
          <isin value="US67704LAA98"/>
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        <balance>2820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2916443.72000000</valUSD>
        <pctVal>0.243319108900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.53400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Ohio Special District Excise Tax</name>
        <lei>N/A</lei>
        <title>County of Ohio Special District Excise Tax, Series A</title>
        <cusip>67732PDW5</cusip>
        <identifiers>
          <isin value="US67732PDW59"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1731253.04000000</valUSD>
        <pctVal>0.144438565395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission</title>
        <cusip>677510CW7</cusip>
        <identifiers>
          <isin value="US677510CW73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2114570.40000000</valUSD>
        <pctVal>0.176418760254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OhioHealth Corp.</name>
        <lei>JGYGIL4QGKKPZU7C1D18</lei>
        <title>OhioHealth Corp.</title>
        <cusip>67777JAL2</cusip>
        <identifiers>
          <isin value="US67777JAL26"/>
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        <balance>6520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5526660.72000000</valUSD>
        <pctVal>0.461089700570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.29700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oklahoma Municipal Power Authority</name>
        <lei>54930074Q1M8747DCS20</lei>
        <title>Oklahoma Municipal Power Authority, Series B</title>
        <cusip>67910HRW2</cusip>
        <identifiers>
          <isin value="US67910HRW24"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1130614.03000000</valUSD>
        <pctVal>0.094327209677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25100000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon Department of Transportation, Series 2020 B</title>
        <cusip>68607DVH5</cusip>
        <identifiers>
          <isin value="US68607DVH50"/>
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        <balance>1760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1462531.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.66000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oregon State Lottery</name>
        <lei>N/A</lei>
        <title>Oregon State Lottery, Series 2022 B</title>
        <cusip>68607V3Q6</cusip>
        <identifiers>
          <isin value="US68607V3Q62"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2887111.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.82100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>State of Oregon, Series C</title>
        <cusip>68609TP51</cusip>
        <identifiers>
          <isin value="US68609TP518"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>865242.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.97500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
        <title>Park Creek Metropolitan District, Series 2019 B</title>
        <cusip>700387HR7</cusip>
        <identifiers>
          <isin value="US700387HR75"/>
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        <balance>1850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1692502.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.34400000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series FIRST 2021</title>
        <cusip>70914PW73</cusip>
        <identifiers>
          <isin value="US70914PW736"/>
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        <balance>9175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8328163.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 1</title>
        <cusip>70914PX23</cusip>
        <identifiers>
          <isin value="US70914PX239"/>
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        <balance>5020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4350607.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Philadelphia</name>
        <lei>549300IVFOPB4AG7UL47</lei>
        <title>City of Philadelphia, Series B</title>
        <cusip>717813ZN2</cusip>
        <identifiers>
          <isin value="US717813ZN26"/>
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        <balance>2505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2209358.90000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.61800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Philadelphia</name>
        <lei>549300IVFOPB4AG7UL47</lei>
        <title>City of Philadelphia, Series B</title>
        <cusip>717813ZP7</cusip>
        <identifiers>
          <isin value="US717813ZP73"/>
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        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1948203.00000000</valUSD>
        <pctVal>0.162538716130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.73800000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Philadelphia Water &amp; Wastewater</name>
        <lei>N/A</lei>
        <title>City of Philadelphia Water &amp; Wastewater, Series B</title>
        <cusip>717893R86</cusip>
        <identifiers>
          <isin value="US717893R862"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877342.80000000</valUSD>
        <pctVal>0.073196772779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.03400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Phoenix</name>
        <lei>N/A</lei>
        <title>City of Phoenix, Series S</title>
        <cusip>718814ZZ2</cusip>
        <identifiers>
          <isin value="US718814ZZ29"/>
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        <balance>3675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3752466.43000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.26900000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Pierce</name>
        <lei>N/A</lei>
        <title>County of Pierce, Series 2020 B</title>
        <cusip>720653QH0</cusip>
        <identifiers>
          <isin value="US720653QH06"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>780800.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.46700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pittsburgh</name>
        <lei>549300EZQQVTL1QEIU17</lei>
        <title>City of Pittsburgh, Series 2020 B</title>
        <cusip>725209PD6</cusip>
        <identifiers>
          <isin value="US725209PD66"/>
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        <balance>1570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1369849.18000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.61900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port of Morrow</name>
        <lei>N/A</lei>
        <title>Port of Morrow, Series 2024</title>
        <cusip>73474TAV2</cusip>
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          <isin value="US73474TAV26"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4080807.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.81900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Morrow</name>
        <lei>N/A</lei>
        <title>Port of Morrow, Series 2024</title>
        <cusip>73474TAW0</cusip>
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          <isin value="US73474TAW09"/>
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        <balance>14535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14812736.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.83900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Oakland</name>
        <lei>N/A</lei>
        <title>Port of Oakland, Series R</title>
        <cusip>735000TQ4</cusip>
        <identifiers>
          <isin value="US735000TQ42"/>
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        <balance>3891124.95000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3526583.74000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.94900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port of Oakland</name>
        <lei>N/A</lei>
        <title>Port of Oakland, Series R</title>
        <cusip>735000TS0</cusip>
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          <isin value="US735000TS08"/>
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        <balance>2296003.34000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1996139.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.09900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port of Oakland</name>
        <lei>N/A</lei>
        <title>Port of Oakland, Series 2020 R</title>
        <cusip>735000TV3</cusip>
        <identifiers>
          <isin value="US735000TV37"/>
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        <balance>2476731.54000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2025774.70000000</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>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.34900000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Portland</name>
        <lei>254900RPNQMJF9NBMF52</lei>
        <title>City of Portland, Series 2020 B</title>
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        <name>Prosper Independent School District</name>
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        <name>Reading Area Water Authority</name>
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        <name>Central Florida Tourism Oversight District</name>
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        <name>Central Florida Tourism Oversight District</name>
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        <name>State of Rhode Island</name>
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        <name>Rhode Island Student Loan Authority</name>
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        <name>Riverside Community College District</name>
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        <name>St Joseph County Redevelopment Authority</name>
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        <name>St Joseph County Redevelopment Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>City of Salt Lake City</name>
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      <invstOrSec>
        <name>County of Salt Lake Convention Hotel</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Community College District</name>
        <lei>N/A</lei>
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          <isin value="US797272RT00"/>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
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        <name>San Diego County Regional Transportation Commission</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>San Joaquin Hills Transportation Corridor Agency</name>
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        <name>San Jose Unified School District</name>
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          <annualizedRt>1.84700000</annualizedRt>
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        <name>San Jose Evergreen Community College District</name>
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        <name>San Ramon Valley Unified School District/CA</name>
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        <name>County of Santa Clara</name>
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        <name>Santa Monica-Malibu Unified School District</name>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>Savannah Hospital Authority</name>
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        <name>Silicon Valley Clean Water</name>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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          <isin value="US842471BZ60"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-07-01</maturityDt>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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        <name>Spokane Public Facilities District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Springdale Sales &amp; Use Tax</name>
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          <isin value="US850269EV94"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Springdale Sales &amp; Use Tax</name>
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        <name>City of Springdale Sales &amp; Use Tax</name>
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          <isin value="US850269EX50"/>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>City of Springdale Sales &amp; Use Tax</name>
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        <name>City of Springdale Sales &amp; Use Tax</name>
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          <isin value="US850269EZ09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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          <annualizedRt>5.21000000</annualizedRt>
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        <name>Tampa-Hillsborough County Expressway Authority</name>
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          <isin value="US875301HS51"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.14200000</annualizedRt>
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        <name>State of Tennessee</name>
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          <isin value="US880541G432"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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          <annualizedRt>1.92500000</annualizedRt>
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          <isin value="US880541G507"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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        <name>State of Texas</name>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>2.52600000</annualizedRt>
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        <name>State of Texas</name>
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        <name>State of Texas</name>
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        <name>State of Texas</name>
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      <invstOrSec>
        <name>Texas Tech University System</name>
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        <name>Toledo Hospital (The)</name>
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        <issuerCat>CORP</issuerCat>
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          <maturityDt>2038-11-15</maturityDt>
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        <name>Toll Road Investors Partnership II LP</name>
        <lei>N/A</lei>
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        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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        <name>University of California</name>
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        <name>University of California</name>
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          <isin value="US91412HRA31"/>
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        <name>University of Massachusetts Building Authority</name>
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        <name>University of Massachusetts Building Authority</name>
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          <isin value="US914440UU42"/>
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        <name>University of North Carolina at Chapel Hill</name>
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        <name>University of North Carolina at Chapel Hill</name>
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        <name>University of North Carolina at Charlotte (The)</name>
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        <name>Utah Board of Higher Education</name>
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        <name>Utah Transit Authority</name>
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        <title>Utah Transit Authority, Series 2021</title>
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        <name>Vacaville Unified School District</name>
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        <name>Virginia College Building Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Wake Forest University</name>
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        <name>Western Minnesota Municipal Power Agency</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2</title>
        <cusip>97705MXF7</cusip>
        <identifiers>
          <isin value="US97705MXF75"/>
        </identifiers>
        <balance>4250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3792941.40000000</valUSD>
        <pctVal>0.316445373257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.61400000</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>Yale University</name>
        <lei>9SFB6DIM0FRWV0EV8S84</lei>
        <title>Yale University, Series 2020</title>
        <cusip>98459LAB9</cusip>
        <identifiers>
          <isin value="US98459LAB99"/>
        </identifiers>
        <balance>8164000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6987507.76000000</valUSD>
        <pctVal>0.582968273976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.48200000</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"/>
      <explntrNote note="Country classifications may be different than those used for compliance monitoring purposes." noteItem="C.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-08-31</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>
