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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/46 FIXED 5</title>
        <cusip>167593SE3</cusip>
        <identifiers>
          <isin value="US167593SE38"/>
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        <balance>1340000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1362374.780000</valUSD>
        <pctVal>0.4565171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO PARK DISTRICT</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>CHICAGO IL PARK DIST CHIFAC 01/33 FIXED 5.5</title>
        <cusip>167615RX3</cusip>
        <identifiers>
          <isin value="US167615RX30"/>
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        <balance>525000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552949.010000</valUSD>
        <pctVal>0.1852872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO PARK DISTRICT</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>CHICAGO IL PARK DIST CHIFAC 01/38 FIXED 5.75</title>
        <cusip>167615RY1</cusip>
        <identifiers>
          <isin value="US167615RY13"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3170671.800000</valUSD>
        <pctVal>1.0624579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO PARK DISTRICT</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>CHICAGO IL PARK DIST CHIFAC 01/40 FIXED 5</title>
        <cusip>167615Q71</cusip>
        <identifiers>
          <isin value="US167615Q718"/>
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        <balance>1295000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1354476.110000</valUSD>
        <pctVal>0.4538703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO PARK DISTRICT</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>CHICAGO IL PARK DIST CHIFAC 01/40 FIXED 5</title>
        <cusip>167615R70</cusip>
        <identifiers>
          <isin value="US167615R708"/>
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        <balance>680000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>692006.760000</valUSD>
        <pctVal>0.2318840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND</name>
        <lei>N/A</lei>
        <title>CHICAGO IL TRANSIT AUTH SALES CHITRN 12/49 FIXED 5.25</title>
        <cusip>16772PBF2</cusip>
        <identifiers>
          <isin value="US16772PBF27"/>
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        <balance>1210000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1245367.330000</valUSD>
        <pctVal>0.4173091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>AUSTIN TX ARPT SYS REVENUE AUSAPT 11/47 FIXED 5.25</title>
        <cusip>052398HV9</cusip>
        <identifiers>
          <isin value="US052398HV98"/>
        </identifiers>
        <balance>1725000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1863970.140000</valUSD>
        <pctVal>0.6245963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF BROWNSVILLE TX</name>
        <lei>N/A</lei>
        <title>BROWNSVILLE TX BRO 02/43 FIXED 5</title>
        <cusip>116405RM5</cusip>
        <identifiers>
          <isin value="US116405RM59"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1051062.500000</valUSD>
        <pctVal>0.3521997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF FAIRFIELD CA</name>
        <lei>N/A</lei>
        <title>FAIRFIELD CA COPS FAICTF 04/30 ZEROCPNOID 0</title>
        <cusip>304198FW9</cusip>
        <identifiers>
          <isin value="US304198FW96"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>764880.000000</valUSD>
        <pctVal>0.2563030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF GEORGETOWN TX UTILITY SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>GEORGETOWN TX UTILITY SYS REVE GGTUTL 08/42 FIXED 5</title>
        <cusip>373064Q31</cusip>
        <identifiers>
          <isin value="US373064Q313"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4396295.600000</valUSD>
        <pctVal>1.4731512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF PINELLAS PARK FL</name>
        <lei>N/A</lei>
        <title>PINELLAS PARK FL CAPITAL IMPT PPKGEN 09/49 FIXED 5</title>
        <cusip>723260AW5</cusip>
        <identifiers>
          <isin value="US723260AW53"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2408493.560000</valUSD>
        <pctVal>0.8070602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SALT LAKE CITY UT AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SALT LAKE CITY UT ARPT REVENUE SALAPT 07/37 FIXED 5</title>
        <cusip>795576JW8</cusip>
        <identifiers>
          <isin value="US795576JW85"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1076720.300000</valUSD>
        <pctVal>0.3607973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH HOS COSMED 11/39 FIXED 5</title>
        <cusip>19648FPN8</cusip>
        <identifiers>
          <isin value="US19648FPN86"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2631505.750000</valUSD>
        <pctVal>0.8817892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF MIAMI-DADE FL AVIATION REVENUE</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL AVIATION RE MIATRN 10/38 FIXED 5</title>
        <cusip>59333PR75</cusip>
        <identifiers>
          <isin value="US59333PR759"/>
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        <balance>5525000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5675635.810000</valUSD>
        <pctVal>1.9018443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF MIAMI-DADE FL TRANSIT SYSTEM</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL TRANSIT SAL MIATRN 07/42 FIXED 5</title>
        <cusip>59334PEL7</cusip>
        <identifiers>
          <isin value="US59334PEL76"/>
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        <balance>1875000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1875000.000000</valUSD>
        <pctVal>0.6282922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF UTAH UT</name>
        <lei>N/A</lei>
        <title>UTAH CNTY UT HOSP REVENUE UTSMED 05/45 FIXED 5</title>
        <cusip>917393AX8</cusip>
        <identifiers>
          <isin value="US917393AX84"/>
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        <balance>3445000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3541648.790000</valUSD>
        <pctVal>1.1867683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF WILL IL</name>
        <lei>N/A</lei>
        <title>WILL CNTY IL WIL 11/33 FIXED 5</title>
        <cusip>968657HH2</cusip>
        <identifiers>
          <isin value="US968657HH24"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1092402.900000</valUSD>
        <pctVal>0.3660524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>COWETA COUNTY PUBLIC FACILITIES AUTHORITY</name>
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      <invstOrSec>
        <name>CROOK COUNTY OF</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DALLASTOWN AREA SCHOOL DISTRICT</name>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FAIRFAX COUNTY REDEVELOPMENT AND HOUSING AUTHORITY</name>
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      <invstOrSec>
        <name>PIMCO FUNDS</name>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>STIF (USD)</name>
        <lei>N/A</lei>
        <title>FIDELITY GOVERNMENT PORTFOLIO FIDELITY INV MMKT GOVT I</title>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARRIS CNTY TEX CULTURAL ED</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HAWAII ST HSG FIN&amp;DEV CORP SINGLE FAM MT</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>HOLLY AREA SCHOOLS</name>
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      <invstOrSec>
        <name>ILLINOIS DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <name>ILLINOIS STATE TOLL HIGHWAY AUTHORITY</name>
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        <name>ILLINOIS STATE TOLL HIGHWAY AUTHORITY</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERMOUNTAIN POWER AGENCY</name>
        <lei>N/A</lei>
        <title>INTERMOUNTAIN PWR AGY UT PWR S INTPWR 07/43 FIXED 5</title>
        <cusip>45884AB85</cusip>
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          <isin value="US45884AB853"/>
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        <curCd>USD</curCd>
        <valUSD>1113859.800000</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>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KANSAS CITY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>549300QWDXL46XQC8110</lei>
        <title>KANSAS CITY MO INDL DEV AUTH A KANDEV 03/37 FIXED 5</title>
        <cusip>48504NAZ2</cusip>
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          <isin value="US48504NAZ24"/>
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        <curCd>USD</curCd>
        <valUSD>3089687.930000</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>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKE LOCAL SCHOOL DISTRICT/WOOD COUNTY OH</name>
        <lei>N/A</lei>
        <title>LAKE OH LOCAL SCH DIST WOOD CN LAKSCD 12/51 FIXED 4</title>
        <cusip>510107DE2</cusip>
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          <isin value="US510107DE27"/>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1414079.400000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LANSING SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LANSING MI SCH DIST LANSCD 05/46 FIXED 5</title>
        <cusip>516444TN6</cusip>
        <identifiers>
          <isin value="US516444TN68"/>
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        <balance>3650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3976283.720000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHIGH CNTY PA</name>
        <lei>N/A</lei>
        <title>LEHIGH CNTY PA GEN PURPOSE HOS LEHMED 07/44 FIXED 5</title>
        <cusip>52480GDU5</cusip>
        <identifiers>
          <isin value="US52480GDU58"/>
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        <balance>2550000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2693204.430000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>LONG ISLAND POWER AUTHORITY</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>LONG ISLAND NY PWR AUTH ELEC S LSLPWR 09/26 FIXED 5</title>
        <cusip>5426902H4</cusip>
        <identifiers>
          <isin value="US5426902H42"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005257.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOWER ALABAMA GAS DISTRICT/THE</name>
        <lei>549300YTI1NTDG2OVU42</lei>
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        <cusip>547804AE4</cusip>
        <identifiers>
          <isin value="US547804AE44"/>
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        <balance>2150000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOWER COLORADO RIVER AUTHORITY</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER TX AUTH T LWCGEN 05/27 FIXED 5</title>
        <cusip>54811BNM9</cusip>
        <identifiers>
          <isin value="US54811BNM99"/>
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        <balance>1195000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1221685.310000</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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STREET NATURAL GAS INC GA MAIUTL 09/52 ADJUSTABLE VAR</title>
        <cusip>56035DDX7</cusip>
        <identifiers>
          <isin value="US56035DDX75"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1986100.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAINE HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MAINE HLTH   HGR EDUCTNL FACS MESMED 07/50 FIXED 5.5</title>
        <cusip>56042R5N8</cusip>
        <identifiers>
          <isin value="US56042R5N81"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5425908.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS PORT AUTHORITY</name>
        <lei>254900JRR8IDSSKWCL90</lei>
        <title>MASSACHUSETTS ST PORT AUTH MASTRN 07/34 FIXED 5</title>
        <cusip>575896VA0</cusip>
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          <isin value="US575896VA01"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1081440.700000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST MAS 07/45 FIXED 5</title>
        <cusip>57582REW2</cusip>
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          <isin value="US57582REW25"/>
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        <balance>2825000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2959900.530000</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>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE</name>
        <lei>N/A</lei>
        <title>MET WASHINGTON DC ARPTS AUTH A METAPT 10/42 FIXED 5</title>
        <cusip>592647EQ0</cusip>
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          <isin value="US592647EQ01"/>
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        <balance>3475000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN STATE HOSPITAL FINANCE AUTHORITY</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HOSP FIN AUTH MISMED 11/47 FIXED 5</title>
        <cusip>59465HVU7</cusip>
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          <isin value="US59465HVU75"/>
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        <balance>2430000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2575819.440000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MODESTO IRRIGATION DISTRICT</name>
        <lei>S6U6XLZ7IOWYIG8C8H50</lei>
        <title>MODESTO CA IRR DIST FING AUTH MODWTR 09/27 FLOATING VAR</title>
        <cusip>607769EK8</cusip>
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          <isin value="US607769EK88"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000350.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.639</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>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY CNTY MD HSG OPPORTU MONMFH 07/31 FIXED 5</title>
        <cusip>61334MVD9</cusip>
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          <isin value="US61334MVD90"/>
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        <balance>625000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>653999.880000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSPRTN TRUST NJSTRN 06/44 FIXED 5</title>
        <cusip>6461365N7</cusip>
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          <isin value="US6461365N73"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1037379.600000</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>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>NEW ORLEANS AVIATION BOARD</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW ORLEANS AVIATION BOARD</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>NEW YORK CITY OF</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK NY NYC 08/38 FIXED 5</title>
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        <curCd>USD</curCd>
        <valUSD>2985991.400000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY BUILDING AID REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US64972HTQ55"/>
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        <curCd>USD</curCd>
        <valUSD>2255247.230000</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>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 02/42 FIXED 5</title>
        <cusip>64971QTQ6</cusip>
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          <isin value="US64971QTQ63"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 02/47 FIXED 5</title>
        <cusip>64971XU71</cusip>
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          <isin value="US64971XU716"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US64971Q6Q14"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
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        <cusip>64971Q6R9</cusip>
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          <isin value="US64971Q6R96"/>
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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>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REVENUES NYSHGR 05/52 FIXED 5</title>
        <cusip>65000BNH7</cusip>
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          <isin value="US65000BNH77"/>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2594315.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3323665.200000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <name>NORTH TEXAS TOLLWAY AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>NORTHERN COLORADO WATER CONSERVANCY DISTRICT</name>
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        <name>OHIO UNIVERSITY</name>
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        <name>OKLAHOMA WATER RESOURCES BOARD</name>
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        <name>ORCHARD FARM R-V SCHOOL DISTRICT/MO</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>PALACIOS INDEPENDENT SCHOOL DISTRICT</name>
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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>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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        <cusip>7092242V0</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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        <cusip>709224FT1</cusip>
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          <isin value="US709224FT16"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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        <name>REGENTS OF THE UNIVERSITY OF CALIFORNIA MEDICAL CENTER POOLED REVENUE</name>
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        <name>SOUTH UTAH VALLEY SOLID WASTE DISTRICT</name>
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        <name>SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE</name>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 12/51 ADJUSTABLE VAR</title>
        <cusip>84136FAV9</cusip>
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          <isin value="US84136FAV94"/>
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        <curCd>USD</curCd>
        <valUSD>2177006.400000</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>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 01/36 FIXED 5</title>
        <cusip>207758XQ1</cusip>
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          <isin value="US207758XQ16"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1081008.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 01/38 FIXED 5</title>
        <cusip>207758XS7</cusip>
        <identifiers>
          <isin value="US207758XS71"/>
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        <balance>2340000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2518671.640000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 08/32 FIXED 5</title>
        <cusip>207758UE1</cusip>
        <identifiers>
          <isin value="US207758UE13"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1062666.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 09/32 FIXED 5</title>
        <cusip>207758SK0</cusip>
        <identifiers>
          <isin value="US207758SK01"/>
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        <balance>4700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4911765.550000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 09/34 FIXED 5</title>
        <cusip>207758SM6</cusip>
        <identifiers>
          <isin value="US207758SM66"/>
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        <balance>2425000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2529887.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 10/37 FIXED 5</title>
        <cusip>207758YM9</cusip>
        <identifiers>
          <isin value="US207758YM92"/>
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        <balance>5710000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6210555.160000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STATE OF CONNECTICUT SPECIAL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG R CTSGEN 10/38 FIXED 5</title>
        <cusip>207758YN7</cusip>
        <identifiers>
          <isin value="US207758YN75"/>
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        <balance>4370000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4744367.850000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOWN OF QUEEN CREEK AZ EXCISE TAX REVENUE</name>
        <lei>N/A</lei>
        <title>QUEEN CREEK AZ EXCISE TAX   ST QUEGEN 08/47 FIXED 5</title>
        <cusip>74823YFJ9</cusip>
        <identifiers>
          <isin value="US74823YFJ91"/>
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        <balance>2090000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2326230.400000</valUSD>
        <pctVal>0.7794947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH NY BRIDGE   TUNNEL TRBTRN 05/47 FIXED 5</title>
        <cusip>89602HDP9</cusip>
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          <isin value="US89602HDP91"/>
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        <balance>4855000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5368668.220000</valUSD>
        <pctVal>1.7989827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF ARKANSAS</name>
        <lei>549300FFADBQ3NEI2D96</lei>
        <title>UNIV OF ARKANSAS AR UNIV REVEN UNVHGR 04/52 FIXED 5</title>
        <cusip>914073DV0</cusip>
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          <isin value="US914073DV04"/>
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        <balance>4000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4283334.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF COLORADO HOSPITAL AUTHORITY</name>
        <lei>GQ60RLZ5ZEBY2J9KLI75</lei>
        <title>UNIV OF COLORADO CO HOSP AUTH UCOMED 11/42 FIXED 5</title>
        <cusip>914183AN8</cusip>
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          <isin value="US914183AN87"/>
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        <curCd>USD</curCd>
        <valUSD>5905268.460000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>UNIVERSITY OF ILLINOIS</name>
        <lei>N/A</lei>
        <title>UNIV OF ILLINOIS IL REVENUES UNVHGR 04/26 FIXED 5</title>
        <cusip>914353ZF7</cusip>
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          <isin value="US914353ZF74"/>
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        <balance>3310000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3372636.450000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY OF ILLINOIS</name>
        <lei>N/A</lei>
        <title>UNIV OF ILLINOIS IL REVENUES UNVHGR 04/39 FIXED 5</title>
        <cusip>914353G92</cusip>
        <identifiers>
          <isin value="US914353G929"/>
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        <balance>900000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>924736.590000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF ILLINOIS</name>
        <lei>N/A</lei>
        <title>UNIV OF ILLINOIS IL REVENUES UNVHGR 04/44 FIXED 5</title>
        <cusip>914353H26</cusip>
        <identifiers>
          <isin value="US914353H265"/>
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        <balance>3900000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3997884.930000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AUTHORITY</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT SECURITIZATION AU UTLUTL 12/41 FIXED 5</title>
        <cusip>91802RAQ2</cusip>
        <identifiers>
          <isin value="US91802RAQ20"/>
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        <balance>1170000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1213010.840000</valUSD>
        <pctVal>0.4064668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>WARREN CONSOLIDATED SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WARREN MI CONSOL SCH DIST WARSCD 05/40 FIXED 5</title>
        <cusip>935341R90</cusip>
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          <isin value="US935341R900"/>
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        <balance>2650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2845748.350000</valUSD>
        <pctVal>0.9535795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>WILL GRUNDY ETC COUNTIES COMMUNITY COLLEGE DISTRICT NO 525</name>
        <lei>N/A</lei>
        <title>WILL GRUNDY ETC CNTYS IL CMNTY WILHGR 06/36 FIXED 5.25</title>
        <cusip>969080FZ8</cusip>
        <identifiers>
          <isin value="US969080FZ86"/>
        </identifiers>
        <balance>825000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>864528.720000</valUSD>
        <pctVal>0.2896942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-08-12</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Funds</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
