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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BALTIMORE MD SPL OBLIG HARBOR POINT PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TBR9</cusip>
        <identifiers>
          <isin value="US05923TBR95"/>
        </identifiers>
        <balance>11230000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11249042.710000</valUSD>
        <pctVal>0.4693959997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.1250000000</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>BALTIMORE SR LIEN HARBOR POINT SR A 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCS6</cusip>
        <identifiers>
          <isin value="US05923TCS69"/>
        </identifiers>
        <balance>1400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1274273.000000</valUSD>
        <pctVal>0.0531724045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5000000000</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>BALTIMORE MD SPL OBLIG HARBOR POINT PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TBQ1</cusip>
        <identifiers>
          <isin value="US05923TBQ13"/>
        </identifiers>
        <balance>3800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3819411.920000</valUSD>
        <pctVal>0.1593750440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALTIMORE SUB SPCL REV HARBOR POINT</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TDA4</cusip>
        <identifiers>
          <isin value="US05923TDA43"/>
        </identifiers>
        <balance>2865000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2905845.160000</valUSD>
        <pctVal>0.1212540595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</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>BALTIMORE SUB HARBOR POINT SR B 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCX5</cusip>
        <identifiers>
          <isin value="US05923TCX54"/>
        </identifiers>
        <balance>650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604763.580000</valUSD>
        <pctVal>0.0252353567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.7000000000</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>BALTIMORE SUB HARBOR POINT SR B 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCW7</cusip>
        <identifiers>
          <isin value="US05923TCW71"/>
        </identifiers>
        <balance>325000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>310712.610000</valUSD>
        <pctVal>0.0129653038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5500000000</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>BALT MD SPL OBL CONS TAX INCR FING PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TAV1</cusip>
        <identifiers>
          <isin value="US05923TAV17"/>
        </identifiers>
        <balance>1215000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1216008.330000</valUSD>
        <pctVal>0.0507411573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALTIMORE SR LIEN HARBOR POINT SR A 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCL1</cusip>
        <identifiers>
          <isin value="US05923TCL17"/>
        </identifiers>
        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194690.000000</valUSD>
        <pctVal>0.0081239541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2000000000</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>BALTIMORE SUB SPCL REV HARBOR POINT</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TDB2</cusip>
        <identifiers>
          <isin value="US05923TDB26"/>
        </identifiers>
        <balance>6700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6715330.940000</valUSD>
        <pctVal>0.2802149090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALTIMORE SUB HARBOR POINT SR B 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCY3</cusip>
        <identifiers>
          <isin value="US05923TCY38"/>
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        <balance>1020000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>888176.930000</valUSD>
        <pctVal>0.0370615268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8750000000</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>BALT MD SPL OBL CONS TAX INCR FING PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TAT6</cusip>
        <identifiers>
          <isin value="US05923TAT60"/>
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        <balance>375000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>375335.810000</valUSD>
        <pctVal>0.0156618774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALTIMORE SR LIEN HARBOR POINT SR A 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCP2</cusip>
        <identifiers>
          <isin value="US05923TCP21"/>
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        <balance>270000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259401.720000</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>3.3500000000</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>BALT MD SPL OBL CONS TAX INCR FING PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TAU3</cusip>
        <identifiers>
          <isin value="US05923TAU34"/>
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        <balance>520000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>520461.240000</valUSD>
        <pctVal>0.0217176190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALT MD SPL OBL CONS TAX INCR FING PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TAW9</cusip>
        <identifiers>
          <isin value="US05923TAW99"/>
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        <balance>930000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>930757.300000</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>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BALTIMORE WTR A ETM</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05922KCX5</cusip>
        <identifiers>
          <isin value="US05922KCX54"/>
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        <balance>155000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159550.460000</valUSD>
        <pctVal>0.0066576641</pctVal>
        <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>5.0000000000</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>BALTIMORE MD SPL OBLIG HARBOR POINT PROJ</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TBP3</cusip>
        <identifiers>
          <isin value="US05923TBP30"/>
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        <balance>2025000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2035274.240000</valUSD>
        <pctVal>0.0849271899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7500000000</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>BALTIMORE SR LIEN HARBOR POINT SR A 144A</name>
        <lei>N/A</lei>
        <title>CITY OF BALTIMORE MD</title>
        <cusip>05923TCT4</cusip>
        <identifiers>
          <isin value="US05923TCT43"/>
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        <balance>7435000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6286426.330000</valUSD>
        <pctVal>0.2623177321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6250000000</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>BRUNSWICK MD SPL OBLIG REF</name>
        <lei>N/A</lei>
        <title>CITY OF BRUNSWICK MD</title>
        <cusip>117250AE0</cusip>
        <identifiers>
          <isin value="US117250AE03"/>
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        <balance>1547000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1575252.400000</valUSD>
        <pctVal>0.0657315644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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        <title>CITY OF GAITHERSBURG MD</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
        <title>CITY OF HYATTSVILLE MD</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
        <title>CITY OF HYATTSVILLE MD</title>
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          <isin value="US448600BB19"/>
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        <curCd>USD</curCd>
        <valUSD>421950.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
        <title>CITY OF HYATTSVILLE MD</title>
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        <curCd>USD</curCd>
        <valUSD>487207.970000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
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          <isin value="US448600BF23"/>
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        <curCd>USD</curCd>
        <valUSD>512239.230000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
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        <name>HYATTSVILLE MD</name>
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        <name>HYATTSVILLE MD</name>
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        <name>HYATTSVILLE MD</name>
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        <name>HYATTSVILLE MD</name>
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        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
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        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>HYATTSVILLE MD</name>
        <lei>N/A</lei>
        <title>CITY OF HYATTSVILLE MD</title>
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          <isin value="US448600BK18"/>
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        <balance>2100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2106215.160000</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>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A1</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223AY7</cusip>
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          <isin value="US774223AY76"/>
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        <balance>790000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>800760.350000</valUSD>
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        <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>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
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          <isin value="US774223BN03"/>
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        <curCd>USD</curCd>
        <valUSD>1392168.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER B</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BW0</cusip>
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          <isin value="US774223BW02"/>
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        <curCd>USD</curCd>
        <valUSD>1500761.640000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
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          <isin value="US774223BU46"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>942178.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A1</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BB6</cusip>
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          <isin value="US774223BB64"/>
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        <curCd>USD</curCd>
        <valUSD>5158792.870000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A1</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BA8</cusip>
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          <isin value="US774223BA81"/>
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        <balance>525000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531039.920000</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>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER B</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BV2</cusip>
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          <isin value="US774223BV29"/>
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        <balance>4750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4596153.680000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
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          <isin value="US774223BQ34"/>
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        <curCd>USD</curCd>
        <valUSD>1535635.360000</valUSD>
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        <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>5.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
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          <isin value="US774223BL47"/>
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        <curCd>USD</curCd>
        <valUSD>502398.950000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
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          <isin value="US774223BT72"/>
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        <curCd>USD</curCd>
        <valUSD>2115227.310000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ROCKVILLE MD INGLSDE AT KING SER B</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A1</name>
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        <title>CITY OF ROCKVILLE MD</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTMINSTER MD LUTH VLG MILLERS SR A</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTMINSTER MD LUTH VLG MILLERS SR A</name>
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        <curCd>USD</curCd>
        <valUSD>2521195.240000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>COMMONWEALTH OF PUERTO RICO</title>
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          <isin value="US74514L3M75"/>
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        <curCd>USD</curCd>
        <valUSD>3863884.850000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PR COMWLTH CVI-SUBSER CW HTA 98 TXBL</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>COMMONWEALTH OF PUERTO RICO</title>
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          <isin value="US74514L4C84"/>
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        <balance>8213384.150000</balance>
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        <curCd>USD</curCd>
        <valUSD>5359233.160000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PR COMWLTH PUB IMPT CVI-SUBSER CW NT</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
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        <title>COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514L3L9</cusip>
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        <curCd>USD</curCd>
        <valUSD>7658249.760000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PR COMWLTH PUBLIC IMPT CABS SER A</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>COMMONWEALTH OF PUERTO RICO</title>
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          <isin value="US74514L3R62"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>COMMONWEALTH OF PUERTO RICO</title>
        <cusip>74514L3K1</cusip>
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          <isin value="US74514L3K10"/>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ANNE ARUNDEL CO MD REF SER 2024</name>
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          <isin value="US03588JHT25"/>
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        <curCd>USD</curCd>
        <valUSD>2713398.220000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANNE ARUNDEL CO MD</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
        <title>COUNTY OF ANNE ARUNDEL MD</title>
        <cusip>03588HRF5</cusip>
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          <isin value="US03588HRF54"/>
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        <curCd>USD</curCd>
        <valUSD>3646741.860000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANNE ARUNDEL CO MD</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
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        <cusip>03588JAX0</cusip>
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          <isin value="US03588JAX00"/>
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        <curCd>USD</curCd>
        <valUSD>4553132.530000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>ANNE ARUNDEL CO MD CONS WTR &amp; SWR</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
        <title>COUNTY OF ANNE ARUNDEL MD</title>
        <cusip>03588HD45</cusip>
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          <isin value="US03588HD455"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2623140.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ANNE ARUNDEL CO MD CONS WTR &amp; SWR BOND</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
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          <isin value="US03588HU384"/>
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        <curCd>USD</curCd>
        <valUSD>2155990.330000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ANNE ARUNDEL CO TDR VILLGE TWO RIVRS PRJ</name>
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        <issuerCat>MUN</issuerCat>
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        <name>ANNE ARUNDEL CO MD</name>
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        <name>ANNE ARUNDEL CO TDR VILLGE TWO RIVRS PRJ</name>
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        <name>ANNE ARUNDEL CO MD</name>
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        <name>ANNE ARUNDEL CO MD</name>
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        <name>ANNE ARUNDEL CO MD</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BALTIMORE CO MD CONS PUB IMPT</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>05914GBE7</cusip>
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          <isin value="US05914GBE70"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>059151CG3</cusip>
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          <isin value="US059151CG37"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US059151CB40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD METRO DIST 83RD ISSUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US05914F8F02"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US05914GDM78"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>05914GDH8</cusip>
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          <isin value="US05914GDH83"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>059151CC2</cusip>
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          <isin value="US059151CC23"/>
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        <curCd>USD</curCd>
        <valUSD>1326842.020000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD METRO DIST 80TH ISSUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>05914FU65</cusip>
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          <isin value="US05914FU657"/>
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        <curCd>USD</curCd>
        <valUSD>1682178.390000</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>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CO MD RIDERWOOD VLLGE INC PROJ</name>
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        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US059151DJ66"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALTIMORE CO MD MET DIST 80TH ISSUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>05914FT75</cusip>
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          <isin value="US05914FT758"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
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        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US059151CM05"/>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
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          <isin value="US05914GDG01"/>
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      <invstOrSec>
        <name>BALTIMORE CO MD MET DIST 78TH ISSUE</name>
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          <isin value="US05914FYZ79"/>
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        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
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          <isin value="US059151CE88"/>
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        <name>BALTIMORE CO MD RIDERWOOD VLLGE INC PROJ</name>
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          <isin value="US059151DC14"/>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
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      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
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        <title>COUNTY OF BALTIMORE MD</title>
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          <isin value="US059151CL22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD 85TH ISSUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF BALTIMORE MD</title>
        <cusip>05914GGQ5</cusip>
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        <curCd>USD</curCd>
        <valUSD>2025841.030000</valUSD>
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        <name>BALTIMORE CO</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BALTIMORE CO MD RIDERWOOD VLLGE INC PROJ</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CO MD OAK CREST VLLGE INC REF</name>
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          <isin value="US059151CD06"/>
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          <couponKind>Fixed</couponKind>
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        <name>BALTIMORE CO MD RIDERWOOD VLLGE INC PROJ</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BALTIMORE CO MD RIDERWOOD VLLGE INC PROJ</name>
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        <name>FREDERICK CO MD PUBLIC FACS SER A</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <name>FREDERICK CO MD PUBLIC FACS SER A</name>
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        <name>FREDERICK CO MD PUBLIC FACS SER A</name>
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        <name>FREDERICK EDL-A-REF 144A</name>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <name>FREDERICK CO MD SPL OB URBANA DEV AUT A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HOWARD CO MD HSG WOODFIELD OX SQ APTS</name>
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          <isin value="US442577DQ20"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CMNTY DEV ADMIN MD MF DEV REV SUST SR C</name>
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          <isin value="US20364NBR70"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER D</name>
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          <isin value="US57419TG969"/>
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        <name>MD ST CMNTY DEPT HSG &amp; CMNTY SR A</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER B</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SR C</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER C</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER C</name>
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        <name>MD ST CMNTY DEV GLEN MANOR APTS SER G</name>
        <lei>N/A</lei>
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        <name>MD ST CMNTY DEPT HSG &amp; CMNTY SR F</name>
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        <name>MD CMNTY DEV-F-1</name>
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        <name>MD ST CMNTY HSG &amp; CMTY SOCIAL BONDS SR C</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER A</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER C</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER D</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER B</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SNR SER A-1</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER B</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER A</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SNR SER A-1</name>
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        <name>MD ST HLTH &amp; HGR EDUCTNL MONTESSORI 144A</name>
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        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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        <name>MD HLTH &amp; HGR EDUCTNL IMAG AND PCS 144A</name>
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        <name>MD ST HHEFA UNI MD MED SYS</name>
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        <name>MD HLTH &amp; HGR ED FAC AUTH REV EDENWALD</name>
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      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND HLTH HGR-REF</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>MD HLTH &amp; HR EDU LIFEBRIDGE HLTH</name>
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      <invstOrSec>
        <name>MD HHE UMD MED SYS D DLY</name>
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      <invstOrSec>
        <name>MD HLTH &amp; HGR ED FAC AUTH REV EDENWALD</name>
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          <isin value="US574218ZV89"/>
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      <invstOrSec>
        <name>MD ST HL &amp; HI ED MEDLANTIC/HELIX SR B</name>
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          <isin value="US5742163J44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARYLAND HLTH HGR EDL</name>
        <lei>N/A</lei>
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          <isin value="US57421CJX39"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS LIFEBRIDGE HLTH</name>
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          <isin value="US574218P801"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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          <isin value="US57421CCG78"/>
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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>MD H&amp;E HELIX HEALTH</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD HLTH HGR EDL-C-REF</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
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          <isin value="US57421CKX10"/>
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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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        <name>MD HLTH HGR EDL-C-REF</name>
        <lei>N/A</lei>
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        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
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          <isin value="US5742184X82"/>
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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE SER A</name>
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        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
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        <name>MD H&amp;H ED FACS CHARLESTOWN CMNTY SER A</name>
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        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MARYLAND HLTH HGR EDL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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        <name>MD ST HLTH &amp; HGR EDUCTNL MONTESSORI 144A</name>
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        <name>MD H&amp;H ED FACS AUTH CHARL CMNTY SER A</name>
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        <name>MD HLTH &amp; HGR ED FAC AUTH REV EDENWALD</name>
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        <name>MD ST HHEFA UNI MD MED SYS</name>
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        <name>MD HLTH HGR EDL-C-REF</name>
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        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
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        <name>MD ST HHEF REV UNIV MD MED SYS SER D</name>
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        <name>MD ST HHEFA REV MERCY MED CTR SER A</name>
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        <name>MD ST HHEFA REV MERCY MED CTR SER A</name>
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          <maturityDt>2031-08-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>MD ST HHEFA UNIV MD MED SYS SR B</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218V59</cusip>
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          <isin value="US574218V593"/>
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        <curCd>USD</curCd>
        <valUSD>513583.800000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
        <lei>N/A</lei>
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        <cusip>5742184V2</cusip>
        <identifiers>
          <isin value="US5742184V27"/>
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        <curCd>USD</curCd>
        <valUSD>785997.260000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CCJ1</cusip>
        <identifiers>
          <isin value="US57421CCJ18"/>
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        <curCd>USD</curCd>
        <valUSD>7096477.810000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST HLTH ED GREEN ST SER A 144A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>5742182L6</cusip>
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          <isin value="US5742182L62"/>
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        <curCd>USD</curCd>
        <valUSD>1695483.360000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CBT0</cusip>
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          <isin value="US57421CBT09"/>
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        <curCd>USD</curCd>
        <valUSD>2466795.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MD ST HLTH &amp; HG PENINSULA REG HLTH SER A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>5742188C0</cusip>
        <identifiers>
          <isin value="US5742188C00"/>
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        <curCd>USD</curCd>
        <valUSD>1059315.000000</valUSD>
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        <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>5.0000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARYLAND HLTH HGR EDL</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CJU9</cusip>
        <identifiers>
          <isin value="US57421CJU99"/>
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        <balance>6135000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6772166.380000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MD HLTH HGR EDL-C-REF</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CKU7</cusip>
        <identifiers>
          <isin value="US57421CKU70"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217238.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>MD ST HHEFA REV MERCY MED CTR SER A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218C35</cusip>
        <identifiers>
          <isin value="US574218C353"/>
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        <balance>3200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3229668.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR ED MEDSTAR HLTH</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218VC4</cusip>
        <identifiers>
          <isin value="US574218VC45"/>
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        <balance>900000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900477.630000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS LIFEBRIDGE HLTH</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218P72</cusip>
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          <isin value="US574218P728"/>
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        <balance>1210000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1225605.370000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CBZ6</cusip>
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          <isin value="US57421CBZ68"/>
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        <valUSD>1458095.240000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CBS2</cusip>
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          <isin value="US57421CBS26"/>
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        <curCd>USD</curCd>
        <valUSD>587786.460000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED JOHNS HOPKINS INST UTIL SER A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218WC3</cusip>
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          <isin value="US574218WC36"/>
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        <valUSD>5004732.000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HHEFA REV MERCY MED CTR SER A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218B51</cusip>
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          <isin value="US574218B512"/>
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        <curCd>USD</curCd>
        <valUSD>1850196.060000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD ST HHEFA MEDSTAR HLTH SR B</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>574218PJ6</cusip>
        <identifiers>
          <isin value="US574218PJ61"/>
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        <balance>10820000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10787972.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MD ST HLTH HGR EDUCTN MED SYS SR C1 DLY</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>57421CHW7</cusip>
        <identifiers>
          <isin value="US57421CHW73"/>
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        <balance>1400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1400000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>MD HHE PENINSULA REG HLTH SYS SR A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>MD HLTH &amp; HGR ED FAC AUTH REV EDENWALD</name>
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          <isin value="US574218ZZ93"/>
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      <invstOrSec>
        <name>MD ST H&amp;H ED FACS REV LIFEBRIDGE HLTH</name>
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          <isin value="US57421CGK45"/>
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      <invstOrSec>
        <name>MD ST HHEFA REV JOHNS HOPKINS UNIV SR B</name>
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          <isin value="US574218PR87"/>
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        <curCd>USD</curCd>
        <valUSD>6592758.570000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS LIFEBRIDGE HLTH</name>
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          <isin value="US5742184C46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HHEFA REV MEDL HELIX SER A</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
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          <isin value="US5742162Z94"/>
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        <curCd>USD</curCd>
        <valUSD>9617646.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HHEFA UNI MD MED SYS</name>
        <lei>N/A</lei>
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          <isin value="US574218WX72"/>
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        <curCd>USD</curCd>
        <valUSD>5310019.060000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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        <cusip>57421CCA0</cusip>
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          <isin value="US57421CCA09"/>
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        <curCd>USD</curCd>
        <valUSD>747100.530000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MD ST HHEFA REV MERCY MED CENTER SER A</name>
        <lei>N/A</lei>
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          <isin value="US574218B850"/>
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        <curCd>USD</curCd>
        <valUSD>772976.540000</valUSD>
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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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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE SER A</name>
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          <isin value="US574218T373"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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          <isin value="US57421CBV54"/>
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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
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        <name>MD ST H&amp;H ED FACS REV FREDERICK HLTH SYS</name>
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        <name>MD ST HLTH &amp; HR ED LOYOLA UNIV</name>
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        <name>MARYLAND HLTH HGR EDL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD ST H&amp;H ED FACS REV LIFEBRIDGE HLTH</name>
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          <isin value="US57421CGJ71"/>
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        <valUSD>5262500.680000</valUSD>
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        <assetCat>DBT</assetCat>
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      </invstOrSec>
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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD HLTH HGR EDL-C-REF</name>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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      <invstOrSec>
        <name>MD ST H&amp;H ED FACS REV FREDERICK HLTH SYS</name>
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          <isin value="US57421CAD65"/>
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      <invstOrSec>
        <name>MD ST HHEFA REV MEDSTAR HLTH SER B</name>
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          <isin value="US574218PH06"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST HLTH &amp; HGR ED MEDSTAR HLTH SER A</name>
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          <isin value="US5742182Q59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDUCTNL MONTESSORI 144A</name>
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          <isin value="US57421CFE93"/>
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        <valUSD>3762341.220000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1250000000</annualizedRt>
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      <invstOrSec>
        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
        <lei>N/A</lei>
        <title>MARYLAND HEALTH &amp; HIGHER EDUCATIONAL FACILITIES AUTHORITY</title>
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          <isin value="US57421CBG87"/>
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        <curCd>USD</curCd>
        <valUSD>668941.150000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST H&amp;H ED FACS REV LIFEBRIDGE HLTH</name>
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          <isin value="US57421CGH16"/>
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        <valUSD>7610207.000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD ST H&amp;H ED FACS REV ST JOHNS CLG</name>
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          <isin value="US57421CAS35"/>
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        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
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          <isin value="US5742184Y65"/>
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        <name>MD ST H&amp;H ED FACS UNI OF MD MED SYS SR A</name>
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        <name>MARYLAND ST STADIUM A</name>
        <lei>549300VA283TTQRDNF71</lei>
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        <name>MD STADIUM AUTH BLT TO LEARN REV SER A</name>
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        <name>MARYLAND STADIUM AUTH BLT TO LEARN REV</name>
        <lei>549300VA283TTQRDNF71</lei>
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        <name>MD ST STADIUM SR A</name>
        <lei>549300VA283TTQRDNF71</lei>
        <title>MARYLAND STADIUM AUTHORITY</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
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        <name>MD STADIUM AUTH BLT TO LEARN REV SER A</name>
        <lei>549300VA283TTQRDNF71</lei>
        <title>MARYLAND STADIUM AUTHORITY</title>
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        <valUSD>3731202.400000</valUSD>
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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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        <name>MD ST TRANS AUTH FACS PROJ REV SER A</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5000000000</annualizedRt>
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          <isin value="US574300MN67"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST TRANS AUTH FACS PROJ REV SER A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST TRANS AUTH FACS PROJ REV SER A</name>
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        <name>MD ST TRANS AUTH FACS PROJ REV SER A</name>
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        <name>MD TRNSPRTN PSNGR FAC CHRG SR A AMT</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPPS COMMSN REV</name>
        <lei>549300HDL0LLRHMDL092</lei>
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        <cusip>613352CH4</cusip>
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          <isin value="US613352CH45"/>
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        <curCd>USD</curCd>
        <valUSD>555487.230000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPP COMM SER A DLY</name>
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        <cusip>613347RK1</cusip>
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          <isin value="US613347RK17"/>
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        <curCd>USD</curCd>
        <valUSD>4005000.000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONTGOMERY CNTY MD HSG OPP COM SER A</name>
        <lei>549300HDL0LLRHMDL092</lei>
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          <isin value="US6133498R33"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPPS COMMSN REV</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>613352CR2</cusip>
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          <isin value="US613352CR27"/>
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        <curCd>USD</curCd>
        <valUSD>9087767.940000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
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      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPPS COMMSN REV</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>613352CN1</cusip>
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          <isin value="US613352CN13"/>
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        <balance>2975000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3241282.140000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>MONTGOMERY CNTY MD HSG OPP COM SER A</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>6133492W8</cusip>
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          <isin value="US6133492W81"/>
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        <balance>365000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365046.430000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPPS COMMSN REV</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>613352CQ4</cusip>
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          <isin value="US613352CQ44"/>
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        <balance>5335000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5841354.450000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PRINCE GEORGES MD SUITLND NAYLOR RD 144A</name>
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          <isin value="US74173KAC53"/>
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        <balance>3500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3500038.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR AQUEDCT &amp; SWR REV FWD DEL SER A 144A</name>
        <lei>N/A</lei>
        <title>PUERTO RICO COMMONWEALTH AQUEDUCT &amp; SEWER AUTHORITY</title>
        <cusip>745160UD1</cusip>
        <identifiers>
          <isin value="US745160UD15"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2079342.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PR AQUEDCT &amp; SWR REV EXCH SER B 144A</name>
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        <cusip>745160TG6</cusip>
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          <isin value="US745160TG64"/>
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        <curCd>USD</curCd>
        <valUSD>1034332.300000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
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          <isin value="US74526QKT84"/>
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        <curCd>USD</curCd>
        <valUSD>226100.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER CCC</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYS5</cusip>
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          <isin value="US74526QYS55"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR ELEC SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKP6</cusip>
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          <isin value="US74526QKP62"/>
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        <valUSD>595175.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWY4</cusip>
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          <isin value="US74526QWY42"/>
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        <curCd>USD</curCd>
        <valUSD>59850.000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER CCC</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYZ9</cusip>
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          <isin value="US74526QYZ98"/>
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        <balance>210000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139650.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH SER XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVX7</cusip>
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          <isin value="US74526QVX77"/>
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        <balance>255000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169575.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKV3</cusip>
        <identifiers>
          <isin value="US74526QKV31"/>
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        <balance>55000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36575.000000</valUSD>
        <pctVal>0.0015261884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXC1</cusip>
        <identifiers>
          <isin value="US74526QXC13"/>
        </identifiers>
        <balance>1110000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>738150.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH SR WW</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVC3</cusip>
        <identifiers>
          <isin value="US74526QVC31"/>
        </identifiers>
        <balance>45000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29925.000000</valUSD>
        <pctVal>0.0012486996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXN7</cusip>
        <identifiers>
          <isin value="US74526QXN77"/>
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        <balance>240000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159600.000000</valUSD>
        <pctVal>0.0066597313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKS0</cusip>
        <identifiers>
          <isin value="US74526QKS02"/>
        </identifiers>
        <balance>1045000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>694925.000000</valUSD>
        <pctVal>0.0289975799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QZY1</cusip>
        <identifiers>
          <isin value="US74526QZY15"/>
        </identifiers>
        <balance>55000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36575.000000</valUSD>
        <pctVal>0.0015261884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH SER XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWD0</cusip>
        <identifiers>
          <isin value="US74526QWD05"/>
        </identifiers>
        <balance>95000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63175.000000</valUSD>
        <pctVal>0.0026361436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR REV SR A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QA69</cusip>
        <identifiers>
          <isin value="US74526QA696"/>
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        <balance>4690000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3118850.000000</valUSD>
        <pctVal>0.1301422487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER A-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YFH3</cusip>
        <identifiers>
          <isin value="US74526YFH36"/>
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        <balance>2490000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1655850.000000</valUSD>
        <pctVal>0.0690947120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER WW</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QUU4</cusip>
        <identifiers>
          <isin value="US74526QUU48"/>
        </identifiers>
        <balance>225000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149625.000000</valUSD>
        <pctVal>0.0062434981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2018-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR REV SR WW</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVD1</cusip>
        <identifiers>
          <isin value="US74526QVD14"/>
        </identifiers>
        <balance>460000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305900.000000</valUSD>
        <pctVal>0.0127644849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKN1</cusip>
        <identifiers>
          <isin value="US74526QKN15"/>
        </identifiers>
        <balance>270000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>179550.000000</valUSD>
        <pctVal>0.0074921977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXP2</cusip>
        <identifiers>
          <isin value="US74526QXP26"/>
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        <balance>95000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>63175.000000</valUSD>
        <pctVal>0.0026361436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKX9</cusip>
        <identifiers>
          <isin value="US74526QKX96"/>
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        <balance>1760000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1170400.000000</valUSD>
        <pctVal>0.0488380293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKU5</cusip>
        <identifiers>
          <isin value="US74526QKU57"/>
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        <balance>415000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>275975.000000</valUSD>
        <pctVal>0.0115157853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXH0</cusip>
        <identifiers>
          <isin value="US74526QXH00"/>
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        <balance>830000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>551950.000000</valUSD>
        <pctVal>0.0230315707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER AAA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYA4</cusip>
        <identifiers>
          <isin value="US74526QYA48"/>
        </identifiers>
        <balance>850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565250.000000</valUSD>
        <pctVal>0.0235865483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWE8</cusip>
        <identifiers>
          <isin value="US74526QWE87"/>
        </identifiers>
        <balance>195000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129675.000000</valUSD>
        <pctVal>0.0054110317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER AAA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYD8</cusip>
        <identifiers>
          <isin value="US74526QYD86"/>
        </identifiers>
        <balance>1925000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1280125.000000</valUSD>
        <pctVal>0.0534165946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWM0</cusip>
        <identifiers>
          <isin value="US74526QWM04"/>
        </identifiers>
        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>43225.000000</valUSD>
        <pctVal>0.0018036772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2017-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.7000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR REV SR ZZ</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QXS6</cusip>
        <identifiers>
          <isin value="US74526QXS64"/>
        </identifiers>
        <balance>110000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73150.000000</valUSD>
        <pctVal>0.0030523768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2017-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JPW9</cusip>
        <identifiers>
          <isin value="US74529JPW98"/>
        </identifiers>
        <balance>21950000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20848660.950000</valUSD>
        <pctVal>0.8699654096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7500000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRH0</cusip>
        <identifiers>
          <isin value="US74529JRH04"/>
        </identifiers>
        <balance>25221000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24555531.300000</valUSD>
        <pctVal>1.0246443594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRK3</cusip>
        <identifiers>
          <isin value="US74529JRK33"/>
        </identifiers>
        <balance>3249000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2956686.500000</valUSD>
        <pctVal>0.1233755486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5360000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRL1</cusip>
        <identifiers>
          <isin value="US74529JRL16"/>
        </identifiers>
        <balance>4744000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4467750.710000</valUSD>
        <pctVal>0.1864286913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7840000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRJ6</cusip>
        <identifiers>
          <isin value="US74529JRJ69"/>
        </identifiers>
        <balance>1430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1392268.740000</valUSD>
        <pctVal>0.0580960882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>PR SALES TAX FING SALES TAX REV SER B1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JQW8</cusip>
        <identifiers>
          <isin value="US74529JQW89"/>
        </identifiers>
        <balance>4613000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1536711.620000</valUSD>
        <pctVal>0.0641233486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JPX7</cusip>
        <identifiers>
          <isin value="US74529JPX71"/>
        </identifiers>
        <balance>15973000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15535563.420000</valUSD>
        <pctVal>0.6482623908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>PR SALES TAX FING SALES TAX REV SER B2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRM9</cusip>
        <identifiers>
          <isin value="US74529JRM98"/>
        </identifiers>
        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4381265.250000</valUSD>
        <pctVal>0.1828198572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>MARYLAND ST 1ST SER A-BID GRP 3</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193WT1</cusip>
        <identifiers>
          <isin value="US574193WT10"/>
        </identifiers>
        <balance>7360000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8336424.700000</valUSD>
        <pctVal>0.3478593252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>MARYLAND ST SER A-BID GRP 2</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193XJ2</cusip>
        <identifiers>
          <isin value="US574193XJ29"/>
        </identifiers>
        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11469287.000000</valUSD>
        <pctVal>0.4785862740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>MD DEPT OF TRANS BWI ARP SER A AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FBU0</cusip>
        <identifiers>
          <isin value="US57421FBU03"/>
        </identifiers>
        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1617245.550000</valUSD>
        <pctVal>0.0674838394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>MD DEPT OF TRANS BWI ARP SER A AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FBR7</cusip>
        <identifiers>
          <isin value="US57421FBR73"/>
        </identifiers>
        <balance>1250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1387793.630000</valUSD>
        <pctVal>0.0579093524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAX5</cusip>
        <identifiers>
          <isin value="US57421FAX50"/>
        </identifiers>
        <balance>4180000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4164600.460000</valUSD>
        <pctVal>0.1737789469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>MARYLAND ST DEPT OF TRANS CONSOL SR A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204S46</cusip>
        <identifiers>
          <isin value="US574204S466"/>
        </identifiers>
        <balance>1700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1452481.700000</valUSD>
        <pctVal>0.0606086329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.1250000000</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>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FBB2</cusip>
        <identifiers>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US57421FBA49"/>
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        <curCd>USD</curCd>
        <valUSD>3983852.880000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
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          <isin value="US57421FAV94"/>
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        <curCd>USD</curCd>
        <valUSD>1509164.700000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAP2</cusip>
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          <isin value="US57421FAP27"/>
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        <curCd>USD</curCd>
        <valUSD>2337475.990000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAQ0</cusip>
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          <isin value="US57421FAQ00"/>
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        <curCd>USD</curCd>
        <valUSD>1548397.390000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANSPRTN</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204N90</cusip>
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          <isin value="US574204N905"/>
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        <curCd>USD</curCd>
        <valUSD>4822819.080000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.5000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST DEPT OF TRANSPRTN CONSOL</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204K69</cusip>
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          <isin value="US574204K695"/>
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        <curCd>USD</curCd>
        <valUSD>501378.750000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAW7</cusip>
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          <isin value="US57421FAW77"/>
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        <valUSD>1503415.050000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAY3</cusip>
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          <isin value="US57421FAY34"/>
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        <curCd>USD</curCd>
        <valUSD>5816439.780000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
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          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER A AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FBW6</cusip>
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          <isin value="US57421FBW68"/>
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        <valUSD>3591951.760000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAZ0</cusip>
        <identifiers>
          <isin value="US57421FAZ09"/>
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        <balance>1600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1539015.680000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>UNIV SYS OF MD AUX FAC &amp; TUIT REV SER A</name>
        <lei>N/A</lei>
        <title>UNIVERSITY SYSTEM OF MARYLAND</title>
        <cusip>91440ADK7</cusip>
        <identifiers>
          <isin value="US91440ADK79"/>
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        <balance>3435000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3440755.340000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>UNIV SYS OF MD AUX FAC &amp; TUIT REV SER A</name>
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        <title>UNIVERSITY SYSTEM OF MARYLAND</title>
        <cusip>91440ADJ0</cusip>
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          <isin value="US91440ADJ07"/>
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        <balance>3295000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3314978.900000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV SYS OF MD AUX FAC &amp; TUIT REV SER A</name>
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        <title>UNIVERSITY SYSTEM OF MARYLAND</title>
        <cusip>9144026H0</cusip>
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          <isin value="US9144026H06"/>
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        <curCd>USD</curCd>
        <valUSD>278323.980000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.1250000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON DC MET TRANSIT SER B</name>
        <lei>549300ADKOK76HQMJS30</lei>
        <title>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY</title>
        <cusip>938782FT1</cusip>
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          <isin value="US938782FT15"/>
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        <curCd>USD</curCd>
        <valUSD>13983096.880000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WA DC MET AREA TRAN AUTH GROSS REV</name>
        <lei>549300ADKOK76HQMJS30</lei>
        <title>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY</title>
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          <isin value="US938782GP83"/>
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        <balance>3660000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3715097.270000</valUSD>
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        <name>WASHINGTON DC MET AREA TRANS AUTH SER A</name>
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        <name>WASHINGTON DC MET AREA TRANS AUTH SER A</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.0000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158JT6</cusip>
        <identifiers>
          <isin value="US940158JT62"/>
        </identifiers>
        <balance>11505000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11800683.100000</valUSD>
        <pctVal>0.4924146510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158GB8</cusip>
        <identifiers>
          <isin value="US940158GB81"/>
        </identifiers>
        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4921588.000000</valUSD>
        <pctVal>0.2053662502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158AV0</cusip>
        <identifiers>
          <isin value="US940158AV00"/>
        </identifiers>
        <balance>3710000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2844416.190000</valUSD>
        <pctVal>0.1186907736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.2500000000</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>WASHINGTON SUBURBAN SAN DIST MD 2ND SER</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158KY3</cusip>
        <identifiers>
          <isin value="US940158KY39"/>
        </identifiers>
        <balance>1205000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1239362.620000</valUSD>
        <pctVal>0.0517156767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158JS8</cusip>
        <identifiers>
          <isin value="US940158JS89"/>
        </identifiers>
        <balance>4065000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4180920.390000</valUSD>
        <pctVal>0.1744599391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158DG0</cusip>
        <identifiers>
          <isin value="US940158DG06"/>
        </identifiers>
        <balance>1700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1865600.570000</valUSD>
        <pctVal>0.0778471082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WASHINGTON SUBURBAN</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>9401573E8</cusip>
        <identifiers>
          <isin value="US9401573E83"/>
        </identifiers>
        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2401599.300000</valUSD>
        <pctVal>0.1002130700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</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>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158GF9</cusip>
        <identifiers>
          <isin value="US940158GF95"/>
        </identifiers>
        <balance>9325000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8994012.860000</valUSD>
        <pctVal>0.3752989269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>WA SUBURBAN SAN DT</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158JQ2</cusip>
        <identifiers>
          <isin value="US940158JQ24"/>
        </identifiers>
        <balance>4685000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5094089.050000</valUSD>
        <pctVal>0.2125643118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-05</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE STATE TAX-FREE FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
