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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</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>ATLANTA GA WTR &amp; WASTEWTR REV</name>
        <lei>N/A</lei>
        <title>ATLANTA GA WTR &amp; WSTWTR REVENU CITY OF ATLANTA GA WATER &amp; WASTEWATER REVENUE</title>
        <cusip>047870TG5</cusip>
        <identifiers>
          <isin value="US047870TG58"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>655277.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AUSTIN TEX UTIL SYS REV IAM COML PAPER 3/A2 SER A</name>
        <lei>N/A</lei>
        <title>AUSTIN TX (CITY OF) MUNI COMMERCIAL PAPER</title>
        <cusip>05248NYL8</cusip>
        <identifiers>
          <isin value="US05248NYL80"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299947.14000000</valUSD>
        <pctVal>0.141203036590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.58000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEDFORD MASS</name>
        <lei>N/A</lei>
        <title>BEDFORD MA TOWN OF BEDFORD MA</title>
        <cusip>0762213X6</cusip>
        <identifiers>
          <isin value="US0762213X64"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2021023.80000000</valUSD>
        <pctVal>0.951416631548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUCKEYE ARIZ EXCISE TAX REV</name>
        <lei>N/A</lei>
        <title>BUCKEYE AZ EXCISE TAX REVENUE CITY OF BUCKEYE AZ EXCISE TAX REVENUE</title>
        <cusip>118087DV4</cusip>
        <identifiers>
          <isin value="US118087DV48"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>350000.00000000</valUSD>
        <pctVal>0.164765907774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>CHARLOTTE-MECKLENBURG NC HOSP CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY/THE</title>
        <cusip>160853LL9</cusip>
        <identifiers>
          <isin value="US160853LL93"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
        <pctVal>1.412279209499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.90000165</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CLACKAMAS &amp; WASHINGTON CNTYS ORE SCH DIST NO 003 JT</name>
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        <title>CLACKAMAS &amp; WASHINGTON CNTYS O CLACKAMAS &amp; WASHINGTON COUNTIES SCHOOL DISTRICT NO</title>
        <cusip>178882QV1</cusip>
        <identifiers>
          <isin value="US178882QV10"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>435208.93000000</valUSD>
        <pctVal>0.204878841209</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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLLIN CNTY TEX CMNTY COLLEGE DIST</name>
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        <title>COLLIN CNTY TX CMNTY CLG DIST COLLIN COUNTY COMMUNITY COLLEGE DISTRICT</title>
        <cusip>194741HF4</cusip>
        <identifiers>
          <isin value="US194741HF43"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203183.00000000</valUSD>
        <pctVal>0.566410112041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO SPRINGS COLO UTILS REV</name>
        <lei>N/A</lei>
        <title>COLORADO SPRINGS CO UTILITIES CITY OF COLORADO SPRINGS CO UTILITIES SYSTEM REVEN</title>
        <cusip>196632BH5</cusip>
        <identifiers>
          <isin value="US196632BH51"/>
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        <balance>3735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3735000.00000000</valUSD>
        <pctVal>1.758287615827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.54999950</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>COLORADO SPRINGS COLO UTILS REV</name>
        <lei>N/A</lei>
        <title>COLORADO SPRINGS CO UTILITIES CITY OF COLORADO SPRINGS CO UTILITIES SYSTEM REVEN</title>
        <cusip>1966307T8</cusip>
        <identifiers>
          <isin value="US1966307T89"/>
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        <balance>590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>590000.00000000</valUSD>
        <pctVal>0.277748244534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.68999890</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>COLORADO HEALTH FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY</title>
        <cusip>19648FF90</cusip>
        <identifiers>
          <isin value="US19648FF904"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>907885.53000000</valUSD>
        <pctVal>0.427395952874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COLORADO HEALTH FACILITIES AUTHORITY</title>
        <cusip>19648FVP6</cusip>
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          <isin value="US19648FVP60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000055</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>COLORADO HSG &amp; FIN AUTH</name>
        <lei>N/A</lei>
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        <cusip>1964802N6</cusip>
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          <isin value="US1964802N64"/>
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        <valUSD>1000000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.75000125</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>COMMERCE CITY COLO SALES &amp; USE TAX REV</name>
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        <title>COMMERCE CITY CO SALES &amp; USE T CITY OF COMMERCE CITY CO SALES &amp; USE TAX REVENUE</title>
        <cusip>200588PG0</cusip>
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          <isin value="US200588PG01"/>
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        <valUSD>1633076.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CONNECTICUT INNOVATIONS INC REV</name>
        <lei>N/A</lei>
        <title>CONNECTICUT INNOVATIONS INC CT CONNECTICUT INNOVATIONS INC</title>
        <cusip>20758CAA3</cusip>
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          <isin value="US20758CAA36"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000055</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <title>CONNECTICUT ST HLTH &amp; EDUCTNL CONNECTICUT STATE HEALTH &amp; EDUCATIONAL FACILITIES</title>
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          <isin value="US20774YNE31"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.50000180</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG</name>
        <lei>N/A</lei>
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          <isin value="US20775HUC59"/>
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        <valUSD>3200000.00000000</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>Floating</couponKind>
          <annualizedRt>2.64999855</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG</name>
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          <isin value="US20775CWS96"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG</name>
        <lei>N/A</lei>
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        <cusip>20775HSS3</cusip>
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          <isin value="US20775HSS30"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONNECTICUT ST REVOLVING FD GEN REV</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST REVOLVING FUNDG STATE OF CONNECTICUT CLEAN WATER FUND - STATE REVO</title>
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          <isin value="US20775YFF88"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX COUNTY OF DENTON TX</title>
        <cusip>248776EM4</cusip>
        <identifiers>
          <isin value="US248776EM49"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>666905.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY BRD WTR COMMRS WTR REV SUB LIEN IAM COML PAPER NTS SER 2023 A</name>
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        <title>DENVER COLO CITY &amp; CNTY BRD WTR CO MUNI COMMERCIAL PAPER</title>
        <cusip>24917HBW3</cusip>
        <identifiers>
          <isin value="US24917HBW34"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1699732.93000000</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>2026-10-21</maturityDt>
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          <annualizedRt>2.62000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA HSG FIN AGY MULTI-FAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>DISTRICT COLUMBIA HSG FIN AGY REVENUE BOND</title>
        <cusip>25477PPQ2</cusip>
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          <isin value="US25477PPQ27"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220022.37000000</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>2040-09-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DURHAM N C LTD OBLIG</name>
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        <cusip>26678PHG8</cusip>
        <identifiers>
          <isin value="US26678PHG81"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601110.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH CALIF REV</name>
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        <cusip>271843AB0</cusip>
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          <isin value="US271843AB05"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1919424.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL PASO TEX</name>
        <lei>N/A</lei>
        <title>EL PASO TX CITY OF EL PASO TX</title>
        <cusip>283735AQ1</cusip>
        <identifiers>
          <isin value="US283735AQ12"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1334874.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EL PASO TEX WTR &amp; SWR REV</name>
        <lei>N/A</lei>
        <title>EL PASO TX WTR &amp; SWR REVENUE CITY OF EL PASO TX WATER &amp; SEWER REVENUE</title>
        <cusip>283822ZY3</cusip>
        <identifiers>
          <isin value="US283822ZY33"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>812726.96000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>EL PASO TEX WTR &amp; SWR REV IAM COML PAPER NTS 3/A2 SER A EXTENDABLE</name>
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        <cusip>28382ABE5</cusip>
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          <isin value="US28382ABE55"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>999973.70000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.68000000</annualizedRt>
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        <name>EL PASO TEX WTR &amp; SWR REV IAM COML PAPER NTS 3/A2 SER A EXTENDABLE</name>
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          <isin value="US28382ABF21"/>
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        <valUSD>299992.11000000</valUSD>
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        <name>EL PASO TEX WTR &amp; SWR REV IAM COML PAPER NTS 3/A2 SER A EXTENDABLE</name>
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          <isin value="US28382ABG04"/>
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          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>EMMAUS PA GEN AUTH REV</name>
        <lei>N/A</lei>
        <title>EMMAUS PA GEN AUTH EMMAUS GENERAL AUTHORITY</title>
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          <isin value="US291380ES82"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>2.75000125</annualizedRt>
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      <invstOrSec>
        <name>ENERGY NORTHWEST WASH ELEC REV</name>
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          <isin value="US29270C7W99"/>
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        <valUSD>1538493.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESSEX CNTY N J</name>
        <lei>N/A</lei>
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          <isin value="US2968045R42"/>
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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>2027-07-07</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>FAIRFAX CNTY VA INDL DEV AUTH REV</name>
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          <isin value="US303823LR74"/>
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        <valUSD>1955000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-15</maturityDt>
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      <invstOrSec>
        <name>FRANKLIN CNTY OHIO HOSP REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>FULTON CNTY GA</name>
        <lei>N/A</lei>
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        <name>GLENDALE ARIZ WTR &amp; SWR REV</name>
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        <name>HILLSBOROUGH CNTY FLA INDL DEV AUTH HEALTH SYS REV</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
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          <annualizedRt>2.85000030</annualizedRt>
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        <name>HINGHAM MASS</name>
        <lei>N/A</lei>
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          <isin value="US433344C556"/>
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        <curCd>USD</curCd>
        <valUSD>2015038.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-12</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>HOUSTON TEX ARPT SYS REV</name>
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          <isin value="US442349CB09"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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        <name>HOUSTON TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US442403SK86"/>
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        <curCd>USD</curCd>
        <valUSD>1928907.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOUSTON TEX UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>HOUSTON TX UTILITY SYS REVENUE CITY OF HOUSTON TX COMBINED UTILITY SYSTEM REVENUE</title>
        <cusip>44244CN94</cusip>
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          <isin value="US44244CN944"/>
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        <curCd>USD</curCd>
        <valUSD>2900000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.69999990</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>HUDSON CNTY N J IMPT AUTH</name>
        <lei>N/A</lei>
        <title>HUDSON CNTY NJ IMPT AUTH HUDSON COUNTY IMPROVEMENT AUTHORITY</title>
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          <isin value="US443728GU84"/>
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        <curCd>USD</curCd>
        <valUSD>1316041.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IDAHO HEALTH FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>IDAHO ST HLTH FACS AUTH REVENU IDAHO HEALTH FACILITIES AUTHORITY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US451295E470"/>
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        <curCd>USD</curCd>
        <valUSD>2300000.00000000</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>Floating</couponKind>
          <annualizedRt>2.90000165</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>IOWA FIN AUTH MIDWESTERN DISASTER AREA ECONOMIC DEV REV</name>
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        <title>IOWA ST FIN AUTH MIDWESTERN EC IOWA FINANCE AUTHORITY</title>
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          <isin value="US46246XAD66"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>IOWA FIN AUTH POLLUTN CTL FAC REV</name>
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        <title>IOWA ST FIN AUTH POLL CONTROLF IOWA FINANCE AUTHORITY</title>
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        <identifiers>
          <isin value="US46246WAD83"/>
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        <debtSec>
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        <name>IOWA FIN AUTH SINGLE FAMILY MTG REV</name>
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        <title>IOWA ST FIN AUTH SF MTGE REVEN IOWA FINANCE AUTHORITY</title>
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          <isin value="US462467U825"/>
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          <isLoanByFund>N</isLoanByFund>
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        <name>IVY TECH CMNTY COLLEGE IND</name>
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        <issuerCat>MUN</issuerCat>
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        <name>KANSAS CITY MO SPL OBLIG</name>
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        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN REVS</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KING &amp; SNOHOMISH CNTYS WASH SCH DIST NO 417 NORTHSHORE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LEGACY DENTON PUB FAC CORP TEX MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US52474GAD43"/>
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        <valUSD>1748962.95000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.96000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LINCOLN NEB ELEC SYS REV IAM COML PAPER 3/A2 SER 1995</name>
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          <isin value="US53427TJJ07"/>
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        <curCd>USD</curCd>
        <valUSD>1299990.51000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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        <name>LONG IS PWR AUTH N Y ELEC SYS REV IAM COML PAPER NTS 3/A2 SER 2015 GR-3B</name>
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        <title>LONG ISLAND POWER AUTH MUNI COMMERCIAL PAPER</title>
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          <isin value="US54270LAC72"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CA CITY OF LOS ANGELES CA</title>
        <cusip>544351TF6</cusip>
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          <isin value="US544351TF61"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1634290.24000000</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>2027-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LOUDOUN CNTY VA INDL DEV AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>545910AQ4</cusip>
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          <isin value="US545910AQ45"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA HSG CORP MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA HSG CORP MULTIFAMILY REVENUE BOND</title>
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          <isin value="US54627CBL63"/>
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        <balance>340000.00000000</balance>
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        <valUSD>340166.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>LOUISIANA ST GAS &amp; FUELS TAX REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA ST GAS &amp; FUELS TAX R STATE OF LOUISIANA GASOLINE &amp; FUELS TAX REVENUE</title>
        <cusip>546475VV3</cusip>
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          <isin value="US546475VV30"/>
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        <curCd>USD</curCd>
        <valUSD>2025000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.90000165</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY MET SWR DIST SWR &amp; DRAIN SYS REV IAM COML PAPER NTS 3/A2</name>
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        <title>LOUISVILLE &amp; JEFFERSON CNTY KY MET MUNI COMMERCIAL PAPER</title>
        <cusip>54660HCX6</cusip>
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          <isin value="US54660HCX61"/>
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        <curCd>USD</curCd>
        <valUSD>1299994.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.52000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LUBBOCK TEX</name>
        <lei>N/A</lei>
        <title>LUBBOCK TX CITY OF LUBBOCK TX</title>
        <cusip>549189AA6</cusip>
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          <isin value="US549189AA64"/>
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        <balance>1585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1609016.08000000</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>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>LYNCHBURG VA ECONOMIC DEV AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>LYNCHBURG VA ECON DEV AUTH HOS LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY</title>
        <cusip>55123TCH3</cusip>
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          <isin value="US55123TCH32"/>
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        <valUSD>302977.56000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH REV</name>
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        <title>MARICOPA CNTY AZ INDL DEV AUTH MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>56682HDX4</cusip>
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          <isin value="US56682HDX44"/>
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        <valUSD>910098.45000000</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>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MARICOPA CNTY ARIZ UNI SCH DIST NO 69 PARADISE VY</name>
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          <isin value="US567373U787"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MARYLAND ST CMNTY DEV ADMIN DEPT HSG &amp; CMNTY DEV</name>
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          <isin value="US57419PRX95"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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          <annualizedRt>2.71000090</annualizedRt>
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        <name>MASSACHUSETTS ST WTR RES AUTH IAM COML PAPER NTS 3/A2</name>
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        <title>MASS WATER RESOURCES AUT MUNI COMMERCIAL PAPER</title>
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          <isin value="US57604YBU82"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2026-07-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <title>MASSACHUSETTS ST DEV FIN AGY R MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</title>
        <cusip>57584Y8E2</cusip>
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          <isin value="US57584Y8E28"/>
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        <valUSD>300000.00000000</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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MELISSA TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US585488D712"/>
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        <valUSD>324166.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>METROPOLITAN GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN IAM COML PAPER 3/A2 SER 2024</name>
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        <name>MICHIGAN FIN AUTH REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH MULTIFAMILY HSG REV</name>
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        <name>MONTGOMERY CNTY MD IAM COML PAPER 3/A2 SER 2010 B BANS</name>
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        <name>OMAHA PUB PWR DIST NEB ELEC REV IAM COML PAPER 3/A2 SER A</name>
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        <name>OREGON ST FACS AUTH REV</name>
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        <name>ORLANDO FLA UTILS COMMN UTIL SYS REV</name>
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        <name>PALM COAST FLA UTIL SYS REV</name>
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        <name>PIMA CNTY ARIZ UNI SCH DIST NO 1 TUCSON</name>
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        <name>PITTSBURGH &amp; ALLEGHENY CNTY PA SPORTS &amp; EXHIB AUTH COMWLTH LEASE REV</name>
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        <name>POMPTON LAKES BORO N J</name>
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        <name>PUBLIC FIN AUTH WIS HEALTH CARE SYS REV</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.79999895</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>RARITAN TWP N J</name>
        <lei>N/A</lei>
        <title>RARITAN TWP NJ TOWNSHIP OF RARITAN NJ</title>
        <cusip>754025JM7</cusip>
        <identifiers>
          <isin value="US754025JM73"/>
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        <balance>1468000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1480871.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RBC MUN PRODS INC TR VARIOUS STS</name>
        <lei>N/A</lei>
        <title>RBC MUNI PRODUCTS INC TRUST RBC MUNICIPAL PRODUCTS INC TRUST</title>
        <cusip>74934RQJ8</cusip>
        <identifiers>
          <isin value="US74934RQJ85"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3500000.00000000</valUSD>
        <pctVal>1.647659077749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.71999825</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>ROCKFORD MICH PUB SCHS</name>
        <lei>N/A</lei>
        <title>ROCKFORD MI PUBLIC SCH DIST ROCKFORD PUBLIC SCHOOLS</title>
        <cusip>773318YN4</cusip>
        <identifiers>
          <isin value="US773318YN46"/>
        </identifiers>
        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>652329.66000000</valUSD>
        <pctVal>0.307090538852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST JAMES PARISH LA REV</name>
        <lei>N/A</lei>
        <title>SAINT JAMES PARISH LA REVENUE PARISH OF ST JAMES LA</title>
        <cusip>790103AG0</cusip>
        <identifiers>
          <isin value="US790103AG04"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1500000.00000000</valUSD>
        <pctVal>0.706139604749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.93999835</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>ST LUCIE CNTY FLA POLLUTN CTL REV</name>
        <lei>N/A</lei>
        <title>SAINT LUCIE CNTY FL POLL CONTR COUNTY OF ST LUCIE FL</title>
        <cusip>792070BH6</cusip>
        <identifiers>
          <isin value="US792070BH64"/>
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        <balance>7100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7100000.00000000</valUSD>
        <pctVal>3.342394129149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.75000125</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>SAN ANTONIO TEX ELEC &amp; GAS REV EXTENDIBLE IAM COML PAPER NTS 3/A2 SER A</name>
        <lei>N/A</lei>
        <title>SAN ANTONIO TX MUNI COMMERCIAL PAPER</title>
        <cusip>79627MAJ7</cusip>
        <identifiers>
          <isin value="US79627MAJ71"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1499993.85000000</valUSD>
        <pctVal>0.706136709577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.80000000</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>SAN DIEGO CNTY CALIF WTR AUTH IAM COML PAPER NTS 3/A2 SER 9</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CNTY CA WTR AUTH MUNI COMMERCIAL PAPER</title>
        <cusip>79741URA1</cusip>
        <identifiers>
          <isin value="US79741URA15"/>
        </identifiers>
        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>799840.56000000</valUSD>
        <pctVal>0.376532731267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</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>SANTA FE N MEX PUB SCH DIST</name>
        <lei>N/A</lei>
        <title>SANTA FE NM PUBLIC SCH DIST SANTA FE PUBLIC SCHOOL DISTRICT</title>
        <cusip>802088RV8</cusip>
        <identifiers>
          <isin value="US802088RV81"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1302321.28000000</valUSD>
        <pctVal>0.613080422611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV</name>
        <lei>N/A</lei>
        <title>SOUTH CAROLINA ST JOBS-ECON DE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY</title>
        <cusip>837031F32</cusip>
        <identifiers>
          <isin value="US837031F323"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2800000.00000000</valUSD>
        <pctVal>1.318127262199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000055</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>SOUTH CAROLINA ST PUB SVC AUTH REV</name>
        <lei>N/A</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A SOUTH CAROLINA PUBLIC SERVICE AUTHORITY</title>
        <cusip>837151WN5</cusip>
        <identifiers>
          <isin value="US837151WN58"/>
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        <balance>3800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3800000.00000000</valUSD>
        <pctVal>1.788886998699</pctVal>
        <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>Floating</couponKind>
          <annualizedRt>2.92000000</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>SOUTH DAKOTA HSG DEV AUTH</name>
        <lei>N/A</lei>
        <title>SOUTH DAKOTA ST HSG DEV AUTH SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY</title>
        <cusip>83756CD69</cusip>
        <identifiers>
          <isin value="US83756CD692"/>
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        <balance>2685000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2685000.00000000</valUSD>
        <pctVal>1.263989892502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000055</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>SOUTH DAKOTA HSG DEV AUTH</name>
        <lei>N/A</lei>
        <title>SOUTH DAKOTA ST HSG DEV AUTH SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY</title>
        <cusip>83756CD44</cusip>
        <identifiers>
          <isin value="US83756CD445"/>
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        <balance>3100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3100000.00000000</valUSD>
        <pctVal>1.459355183149</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.68000155</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
        <lei>N/A</lei>
        <title>SOUTHCENTRL PA GEN AUTH REVENU GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA</title>
        <cusip>84129NML0</cusip>
        <identifiers>
          <isin value="US84129NML00"/>
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        <balance>3530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3530000.00000000</valUSD>
        <pctVal>1.661781869844</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.09999975</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP HOSP REV</name>
        <lei>N/A</lei>
        <title>TARRANT CNTY TX CULTURAL EDU F TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN</title>
        <cusip>87638QUH0</cusip>
        <identifiers>
          <isin value="US87638QUH00"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1306939.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
        <lei>N/A</lei>
        <title>TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES</title>
        <cusip>88034UNN4</cusip>
        <identifiers>
          <isin value="US88034UNN45"/>
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        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.71999825</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>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
        <lei>N/A</lei>
        <title>TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES</title>
        <cusip>88035RK78</cusip>
        <identifiers>
          <isin value="US88035RK780"/>
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        <balance>3730000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3730000.00000000</valUSD>
        <pctVal>1.755933817144</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.69999990</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>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
        <lei>N/A</lei>
        <title>TENDER OPTION BOND TRUST RECEI TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES</title>
        <cusip>88035DJD8</cusip>
        <identifiers>
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      <invstOrSec>
        <name>TENDER OPT BD TR RCPTS / CTFS VAR STS</name>
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          <isin value="US88033SVX97"/>
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        <curCd>USD</curCd>
        <valUSD>1770000.00000000</valUSD>
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        <name>TEXAS A &amp; M UNIV PERM UNIV FD IAM COML PAPER 3/A2 SER A</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>TEXAS A &amp; M UNIV PERM UNIV FD IAM COML PAPER 3/A2 SER B</name>
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        <title>TEXAS A&amp;M UNIV REVENUE FINANCING S MUNI COMMERCIAL PAPER</title>
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          <isin value="US88212L5D04"/>
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        <valUSD>2600018.20000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-13</maturityDt>
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          <annualizedRt>2.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>N/A</lei>
        <title>TEXAS ST STATE OF TEXAS</title>
        <cusip>882725CQ5</cusip>
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          <isin value="US882725CQ52"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>678927.35000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>N/A</lei>
        <title>TEXAS ST STATE OF TEXAS</title>
        <cusip>882723QF9</cusip>
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          <isin value="US882723QF93"/>
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        <curCd>USD</curCd>
        <valUSD>3780000.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>N/A</lei>
        <title>TEXAS ST STATE OF TEXAS</title>
        <cusip>882723H77</cusip>
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          <isin value="US882723H770"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>2.69999990</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEXAS TRANSN COMMN</name>
        <lei>N/A</lei>
        <title>TEXAS ST TRANSPRTN COMMISSION TEXAS TRANSPORTATION COMMISSION</title>
        <cusip>882830CF7</cusip>
        <identifiers>
          <isin value="US882830CF73"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>814619.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEXAS WTR DEV BRD REV</name>
        <lei>N/A</lei>
        <title>TEXAS WTR DEV BRD REVENUE TEXAS WATER DEVELOPMENT BOARD</title>
        <cusip>88285AHU5</cusip>
        <identifiers>
          <isin value="US88285AHU51"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1208509.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRINITY RIV AUTH TEX RED OAK CREEK SYS REV IAM COML PAPER 3/A2 SER A EXTENDABLE</name>
        <lei>N/A</lei>
        <title>TRINITY RIVER AUT MUNI COMMERCIAL PAPER</title>
        <cusip>89656NAA7</cusip>
        <identifiers>
          <isin value="US89656NAA72"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1899985.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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        <name>UNIVERSITY CONN</name>
        <lei>N/A</lei>
        <title>UNIV OF CONNECTICUT CT UNIVERSITY OF CONNECTICUT</title>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1624732.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>UNIVERSITY KANS HOSP AUTH HEALTH FACS REV</name>
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        <title>UNIV OF KANSAS KS HOSP AUTH HL UNIVERSITY OF KANSAS HOSPITAL AUTHORITY</title>
        <cusip>914367JF5</cusip>
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          <isin value="US914367JF52"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319652.11000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UNIVERSITY N C HOSP CHAPEL HILL REV</name>
        <lei>N/A</lei>
        <title>UNIV OF NORTH CAROLINA NC HOSP UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL</title>
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          <isin value="US91471FAW59"/>
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        <valUSD>1100000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>UNIVERSITY TEX UNIV REVS IAM COML PAPER 3/A2 SER A</name>
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        <title>UNIVERSITY OF TEXAS MUNI COMMERCIAL PAPER</title>
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          <isin value="US91514YRW56"/>
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        <valUSD>999784.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-17</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UNIVERSITY TEX PERM UNIV FD IAM COML PAPER NTS 3/A2 SER A</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF TEXAS MUNI COMMERCIAL PAPER</title>
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        <identifiers>
          <isin value="US91514CTH42"/>
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        <balance>2900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2899978.25000000</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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.40000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY VA UNIV REVS IAM COML PAPER NTS 3/A2 SER A</name>
        <lei>N/A</lei>
        <title>UNIVERSITY OF VIRGINIA MUNI COMMERCIAL PAPER</title>
        <cusip>91521MK33</cusip>
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          <isin value="US91521MK330"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1099693.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTAH WTR FIN AGY REV</name>
        <lei>N/A</lei>
        <title>UTAH ST WTR FIN AGY REVENUE UTAH WATER FINANCE AGENCY</title>
        <cusip>917572TV1</cusip>
        <identifiers>
          <isin value="US917572TV13"/>
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        <balance>2085000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2085000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.69999990</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VERMONT EDL &amp; HEALTH BLDGS FING AGY REV</name>
        <lei>N/A</lei>
        <title>VERMONT ST EDUCTNL &amp; HLTH BLDG VERMONT EDUCATIONAL &amp; HEALTH BUILDINGS FINANCING A</title>
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        <valUSD>600000.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VIRGINIA ST HSG DEV AUTH COMWLTH MTG</name>
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        <valUSD>650005.79000000</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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        <name>WALLED LAKE MICH CONS SCH DIST</name>
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        <valUSD>382599.53000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>WASHINGTON ST HSG FIN COMMN</name>
        <lei>N/A</lei>
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          <isin value="US93978TTF65"/>
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        <valUSD>1900000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>2.69999990</annualizedRt>
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      <invstOrSec>
        <name>WEST VIRGINIA ST HOSP FIN AUTH HOSP REV</name>
        <lei>N/A</lei>
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        <cusip>956622P40</cusip>
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          <isin value="US956622P406"/>
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        <valUSD>1785000.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>WILMINGTON DEL</name>
        <lei>N/A</lei>
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        <cusip>971567QW5</cusip>
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          <isin value="US971567QW50"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302758.71000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WINSTON-SALEM N C WTR &amp; SWR SYS REV</name>
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        <cusip>975700SB2</cusip>
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          <isin value="US975700SB29"/>
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        <balance>1075000.00000000</balance>
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        <valUSD>1100173.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <title>WISCONSIN ST HLTH &amp; EDUCTNL FA WISCONSIN HEALTH &amp; EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JPK3</cusip>
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          <isin value="US97712JPK33"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1250000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN HSG &amp; ECONOMIC DEV AUTH HOME OWNERSHIP REV</name>
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        <title>WISCONSIN ST HSG &amp; ECON DEV AU WISCONSIN HOUSING &amp; ECONOMIC DEVELOPMENT AUTHORITY</title>
        <cusip>97689QNE2</cusip>
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          <isin value="US97689QNE25"/>
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        <curCd>USD</curCd>
        <valUSD>2520000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67000055</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WISCONSIN HSG &amp; ECONOMIC DEV AUTH HOME OWNERSHIP REV</name>
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        <title>WISCONSIN ST HSG &amp; ECON DEV AU WISCONSIN HOUSING &amp; ECONOMIC DEVELOPMENT AUTHORITY</title>
        <cusip>97689QCF1</cusip>
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          <isin value="US97689QCF19"/>
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        <valUSD>1400000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>2.67000055</annualizedRt>
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        <name>WISCONSIN HSG &amp; ECONOMIC DEV AUTH HOME OWNERSHIP REV</name>
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        <cusip>97689QYN0</cusip>
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          <isin value="US97689QYN05"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST TRANSN REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN ST TRANSPRTN REVENUE WISCONSIN DEPARTMENT OF TRANSPORTATION</title>
        <cusip>9771235Z7</cusip>
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          <isin value="US9771235Z76"/>
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        <invCountry>US</invCountry>

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        <name>WYOMING CMNTY DEV AUTH HSG REV</name>
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        <title>WYOMING ST CMNTY DEV AUTH HSG WYOMING COMMUNITY DEVELOPMENT AUTHORITY</title>
        <cusip>98322QTB3</cusip>
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          <isin value="US98322QTB31"/>
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        <name>YAVAPAI CNTY ARIZ INDL DEV AUTH REV</name>
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    <signature>
      <ncom:dateSigned>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI INSTITUTIONAL MANAGED TRUST</ncom:nameOfApplicant>
      <ncom:signature>Glenn Kurdziel</ncom:signature>
      <ncom:signerName>Glenn Kurdziel</ncom:signerName>
      <ncom:title>Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
