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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
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        <cusip>888809BG4</cusip>
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          <isin value="US888809BG44"/>
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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>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RD601"/>
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        <curCd>USD</curCd>
        <valUSD>15758508.870000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CAPITAL TRUST AGENCY INC</name>
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          <isin value="US14052WCV72"/>
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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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        <securityLending>
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      <invstOrSec>
        <name>BERKS COUNTY MUNICIPAL AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US084538JF58"/>
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        <curCd>USD</curCd>
        <valUSD>1935672.580000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74447GAA8</cusip>
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          <isin value="US74447GAA85"/>
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        <balance>5360000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4742933.750000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
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          <isin value="US603827K623"/>
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        <curCd>USD</curCd>
        <valUSD>2234055.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <curCd>USD</curCd>
        <valUSD>3971010.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4</annualizedRt>
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        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
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        <name>UNIVERSITY OF CINCINNATI</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <balance>670000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604675.000000</valUSD>
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        <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>4.25</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>TULSA MUNICIPAL AIRPORT TRUST TRUSTEES/OK</name>
        <lei>N/A</lei>
        <title>TULSA OK MUNI ARPT TRUST TRUST TULAPT 12/35 FIXED 6.25</title>
        <cusip>899661EM0</cusip>
        <identifiers>
          <isin value="US899661EM05"/>
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        <balance>19000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21747386.700000</valUSD>
        <pctVal>0.378161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 12/50 FIXED 5</title>
        <cusip>46246SAU9</cusip>
        <identifiers>
          <isin value="US46246SAU96"/>
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        <balance>4280000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4930535.600000</valUSD>
        <pctVal>0.0857361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</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>THE DEVELOPMENT AUTHORITY OF BURKE COUNTY</name>
        <lei>N/A</lei>
        <title>BURKE CNTY GA DEV AUTH POLL CO BURPOL 11/45 FIXED 4.125</title>
        <cusip>121342PM5</cusip>
        <identifiers>
          <isin value="US121342PM57"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5403533.400000</valUSD>
        <pctVal>0.093961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>DICKINSON INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>DICKINSON TX INDEP SCH DIST DICSCD 02/53 FIXED OID 4.25</title>
        <cusip>253363D28</cusip>
        <identifiers>
          <isin value="US253363D288"/>
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        <balance>8075000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7629692.010000</valUSD>
        <pctVal>0.132671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH 02/54 4.375</title>
        <cusip>59447NBD7</cusip>
        <identifiers>
          <isin value="US59447NBD75"/>
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        <balance>4335000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4078175.960000</valUSD>
        <pctVal>0.0709146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6089 FR 06/39 FIXED 5.36</title>
        <cusip>3132YBXS0</cusip>
        <identifiers>
          <isin value="US3132YBXS03"/>
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        <balance>7518362.250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8191603.400000</valUSD>
        <pctVal>0.142442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.36</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>RAMPART RANGE METROPOLITAN DISTRICT NO 5</name>
        <lei>N/A</lei>
        <title>RAMPART RANGE CO MET DIST  5 RAMGEN 12/36 FIXED 4</title>
        <cusip>75157WAA0</cusip>
        <identifiers>
          <isin value="US75157WAA09"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>952127.500000</valUSD>
        <pctVal>0.0165564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>PHILADELPHIA PA AUTH FOR INDL DEV</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>PHILADELPHIA PA AUTH FOR INDL PHIMFH 12/58 FIXED 5.5</title>
        <cusip>717908AM9</cusip>
        <identifiers>
          <isin value="US717908AM97"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3610024.250000</valUSD>
        <pctVal>0.062774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>SPRING VLY CMNTY INFRASTRUCTUR SPVGEN 09/51 FIXED 3.75</title>
        <cusip>850072AA7</cusip>
        <identifiers>
          <isin value="US850072AA74"/>
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        <balance>17549000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16470034.830000</valUSD>
        <pctVal>0.286394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75</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>DISTRICT OF COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DIST OF COLUMBIA DIS 02/46 FIXED 4</title>
        <cusip>25476FYT9</cusip>
        <identifiers>
          <isin value="US25476FYT91"/>
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        <balance>4660000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4431938.200000</valUSD>
        <pctVal>0.0770661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>WESTCHESTER CNTY NY LOCAL DEV WSTDEV 11/55 FIXED 6.5</title>
        <cusip>95737TFY7</cusip>
        <identifiers>
          <isin value="US95737TFY73"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4499737.600000</valUSD>
        <pctVal>0.078245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</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>COLUMBIA COUNTY HOSPITAL AUTHORITY/GA</name>
        <lei>N/A</lei>
        <title>COLUMBIA CNTY GA HOSP AUTH CLHMED 04/53 FIXED 5.75</title>
        <cusip>197479AD0</cusip>
        <identifiers>
          <isin value="US197479AD01"/>
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        <balance>7500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8038185.750000</valUSD>
        <pctVal>0.139774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>EVERMAN INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>EVERMAN TX INDEP SCH DIST EVESCD 02/49 FIXED OID 4</title>
        <cusip>300371W56</cusip>
        <identifiers>
          <isin value="US300371W565"/>
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        <balance>4640000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4355321.150000</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>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GEISINGER AUTH PA HEALTH SYSTEM</name>
        <lei>N/A</lei>
        <title>GEISINGER PA AUTH HLTH SYS REV GEIMED 02/47 FIXED 4</title>
        <cusip>368497HQ9</cusip>
        <identifiers>
          <isin value="US368497HQ95"/>
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        <balance>2080000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1876782.130000</valUSD>
        <pctVal>0.032635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>UNIVERSITY OF CINCINNATI</name>
        <lei>549300E0RD3ICJ858L23</lei>
        <title>UNIV OF CINCINNATI OH RECPTS UCOHGR 06/44 FIXED 5.25</title>
        <cusip>9141197K2</cusip>
        <identifiers>
          <isin value="US9141197K26"/>
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        <balance>3350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3582635.060000</valUSD>
        <pctVal>0.0622977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>OKLAHOMA DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>OKLAHOMA ST DEV FIN AUTH HLTHS OKSMED 08/52 FIXED 5.5</title>
        <cusip>67884XCK1</cusip>
        <identifiers>
          <isin value="US67884XCK19"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5017784.500000</valUSD>
        <pctVal>0.0872532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/45 FIXED 5.875</title>
        <cusip>24880GAR0</cusip>
        <identifiers>
          <isin value="US24880GAR02"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1529627.850000</valUSD>
        <pctVal>0.0265984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>CLUB MUNI MGMT DIST  1 TX SPL CLBGEN 09/55 FIXED 5.375</title>
        <cusip>18948PAK7</cusip>
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          <isin value="US18948PAK75"/>
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        <balance>1047000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1033529.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/37 FIXED OID 5</title>
        <cusip>45204EA65</cusip>
        <identifiers>
          <isin value="US45204EA650"/>
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        <balance>2425638.780000</balance>
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        <curCd>USD</curCd>
        <valUSD>24984.080000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>EXCEPTIONAL CHILDREN HAVE OPPORTUNITIES</name>
        <lei>N/A</lei>
        <title>ECHO EXCEPTIONAL CHILDREN HAVE ECHEDU 12/36 FIXED 4</title>
        <cusip>27878FAQ1</cusip>
        <identifiers>
          <isin value="US27878FAQ19"/>
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        <curCd>USD</curCd>
        <valUSD>682796.300000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA HOUSING FINANCE AGENCY</name>
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          <isin value="US60416UGU34"/>
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        <curCd>USD</curCd>
        <valUSD>5540546.980000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MOBILE COUNTY INDUSTRIAL DEVEL</name>
        <lei>N/A</lei>
        <title>MOBILE CNTY AL INDL DEV AUTH S MOBPOL 06/54 FIXED 5</title>
        <cusip>60733UAA9</cusip>
        <identifiers>
          <isin value="US60733UAA97"/>
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        <balance>21860000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21053112.420000</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>2054-06-01</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>
      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASHGR 07/52 FIXED OID 7.5</title>
        <cusip>92810PAU5</cusip>
        <identifiers>
          <isin value="US92810PAU57"/>
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        <balance>5568922.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3341353.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</annualizedRt>
          <isDefault>Y</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>
      <invstOrSec>
        <name>MONTGOMERY CNTY PA HIGHER ED &amp; HLTH</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA HGR EDU   H MONHGR 09/49 FIXED OID 4</title>
        <cusip>613603YZ6</cusip>
        <identifiers>
          <isin value="US613603YZ69"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1895675.100000</valUSD>
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        <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>4</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>OMAHA PUBLIC POWER DISTRICT</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA NE PUBLIC PWR DIST ELEC OMAPWR 02/43 FIXED 5</title>
        <cusip>682001LL4</cusip>
        <identifiers>
          <isin value="US682001LL48"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3724178.150000</valUSD>
        <pctVal>0.064759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</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>PENNSYLVANIA TURNPIKE COMMISSION</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TURNPIKE COMMI PASTRN 12/52 FIXED 5.25</title>
        <cusip>709225GL4</cusip>
        <identifiers>
          <isin value="US709225GL46"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3133735.800000</valUSD>
        <pctVal>0.0544919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>BLACK BELT ENERGY GAS DISTRICT</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DIST AL BBEUTL 06/51 ADJUSTABLE VAR</title>
        <cusip>09182NBR0</cusip>
        <identifiers>
          <isin value="US09182NBR08"/>
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        <balance>5785000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5982752.130000</valUSD>
        <pctVal>0.104033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</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>SAN ANTONIO WATER SYSTEM</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>SAN ANTONIO TX WTR REVENUE SANWTR 05/45 FIXED 4</title>
        <cusip>79642BW41</cusip>
        <identifiers>
          <isin value="US79642BW411"/>
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        <balance>6845000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6419755.060000</valUSD>
        <pctVal>0.111632</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>4</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 HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL ED FACS FIN NHPFAC 01/42 FIXED 5</title>
        <cusip>64542UDW1</cusip>
        <identifiers>
          <isin value="US64542UDW18"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>499985.100000</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>2042-01-01</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>DENTON ESSENTIAL INVESTMENTS PFC</name>
        <lei>N/A</lei>
        <title>BONNIE BRAE FIXED SUBORDINATED TERM LOAN</title>
        <cusip>BA000PLS7</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="24881CAB3"/>
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        <balance>12600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12946500.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2059-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.215</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>BALDWIN CNTY AL INDL DEV AUTH BLWPOL 06/55 ADJUSTABLE VAR</title>
        <cusip>05786PAA1</cusip>
        <identifiers>
          <isin value="US05786PAA12"/>
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        <balance>21000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21497051.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <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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      <invstOrSec>
        <name>COUNTRY OF MONTGOMERY</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY OH SENIOR LIVI MONHSG 04/38 FIXED OID 6</title>
        <cusip>613554AF1</cusip>
        <identifiers>
          <isin value="US613554AF11"/>
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        <balance>2369479.480000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29618.490000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/49 FIXED 4.875</title>
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        <identifiers>
          <isin value="US88880LAW37"/>
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        <balance>9885000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9020435.160000</valUSD>
        <pctVal>0.156855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875</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>TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FIN AUTH WV TOBGEN 06/40 FIXED 4.006</title>
        <cusip>88880LAT0</cusip>
        <identifiers>
          <isin value="US88880LAT08"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2470831.200000</valUSD>
        <pctVal>0.0429648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>TAMPA-HILLSBOROUGH COUNTY EXPRESSWAY AUTHORITY</name>
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        <name>CAPITAL TRUST AGENCY INC</name>
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        <name>NORMANDY COMMUNITY DEVELOPMENT DISTRICT</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3</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>GLADIEUX METALS RECYCLING LLC</name>
        <lei>N/A</lei>
        <title>GLADIEUX METALS RECYCLING DIP TERM LOAN</title>
        <cusip>BA000NWX9</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNBR9Q8"/>
        </identifiers>
        <balance>24022479.150000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11826965.540000</valUSD>
        <pctVal>0.205657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>14.1072</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 COLBY KS</name>
        <lei>N/A</lei>
        <title>COLBY KS HOSP LOAN ANTICIPATIO COLBY REV</title>
        <cusip>19277TAA0</cusip>
        <identifiers>
          <isin value="US19277TAA07"/>
        </identifiers>
        <balance>9700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9714525.750000</valUSD>
        <pctVal>0.168924</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>5.5</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>TENNERGY CORP</name>
        <lei>5493008K3JJFBSC4C235</lei>
        <title>TENNERGY CORP TN GAS REVENUE TGYPWR 10/53 ADJUSTABLE VAR</title>
        <cusip>880397CF9</cusip>
        <identifiers>
          <isin value="US880397CF98"/>
        </identifiers>
        <balance>9805000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10586351.630000</valUSD>
        <pctVal>0.184084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Variable</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH 07/40 0</title>
        <cusip>74526YEE1</cusip>
        <identifiers>
          <isin value="US74526YEE14"/>
        </identifiers>
        <balance>23175000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15701062.500000</valUSD>
        <pctVal>0.273023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALACHUA COUNTY HOUSING FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>ALACHUA CNTY FL HSG FIN AUTH M ALAMFH 07/55 ADJUSTABLE VAR</title>
        <cusip>01068LAT7</cusip>
        <identifiers>
          <isin value="US01068LAT70"/>
        </identifiers>
        <balance>3250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3343500.550000</valUSD>
        <pctVal>0.0581395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.3</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>OHIO STATE</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>OHIO ST HOSP REVENUE OHSMED 11/38 FIXED 4</title>
        <cusip>67756CEZ7</cusip>
        <identifiers>
          <isin value="US67756CEZ77"/>
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        <balance>1280000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1221679.870000</valUSD>
        <pctVal>0.0212435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>N TEXAS ST MUNI WTR DIST WTR S NRTWTR 09/44 FIXED 5</title>
        <cusip>662903J95</cusip>
        <identifiers>
          <isin value="US662903J952"/>
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        <balance>2700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2864476.980000</valUSD>
        <pctVal>0.0498098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</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>CHICAGO BOARD OF EDUCATION</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>CHICAGO IL BRD OF EDU CHIEDU 12/35 FIXED 4</title>
        <cusip>167505PS9</cusip>
        <identifiers>
          <isin value="US167505PS99"/>
        </identifiers>
        <balance>8360000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7850321.730000</valUSD>
        <pctVal>0.136508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>WESTSIDE HAINES CITY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>WESTSIDE HAINES CITY CDD SPL A WEHDEV 05/44 FIXED 5.75</title>
        <cusip>96150AAF0</cusip>
        <identifiers>
          <isin value="US96150AAF03"/>
        </identifiers>
        <balance>1190000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1204020.340000</valUSD>
        <pctVal>0.0209365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</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>BLYTHE TOWNSHIP SOLID WASTE AUTHORITY</name>
        <lei>N/A</lei>
        <title>BLYTHE TWP PA SOL WST AUTH REV BLYPOL 12/37 FIXED 7.75</title>
        <cusip>096464AA0</cusip>
        <identifiers>
          <isin value="US096464AA05"/>
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        <balance>6500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7052143.150000</valUSD>
        <pctVal>0.122628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 10/54 FIXED 5.875</title>
        <cusip>74443DFP1</cusip>
        <identifiers>
          <isin value="US74443DFP15"/>
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        <balance>5230000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3235253.420000</valUSD>
        <pctVal>0.0562572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
        <title>CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/65 FIXED OID 5.375</title>
        <cusip>14054WBX2</cusip>
        <identifiers>
          <isin value="US14054WBX20"/>
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        <balance>4250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4076164.380000</valUSD>
        <pctVal>0.0708796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/44 FIXED 6</title>
        <cusip>650116JG2</cusip>
        <identifiers>
          <isin value="US650116JG22"/>
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        <balance>2475000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2681363.770000</valUSD>
        <pctVal>0.0466257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>BERRY BAY II COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>BERRY BAY II CDD FL SPL ASSMNT BBADEV 05/54 FIXED OID 5.45</title>
        <cusip>08577DAC1</cusip>
        <identifiers>
          <isin value="US08577DAC11"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>965042.400000</valUSD>
        <pctVal>0.0167809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45</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>CENTRAL TEXAS TURNPIKE SYSTEM</name>
        <lei>N/A</lei>
        <title>TEXAS ST TRANSPRTN COMMISSION TX TRANSPRTN COMM C R</title>
        <cusip>88283KCG1</cusip>
        <identifiers>
          <isin value="US88283KCG13"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1598153.250000</valUSD>
        <pctVal>0.02779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</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>AVENIR COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>AVENIR FL CDD SPL ASSMNT AVRDEV 05/54 FIXED OID 5.625</title>
        <cusip>05357JAS5</cusip>
        <identifiers>
          <isin value="US05357JAS50"/>
        </identifiers>
        <balance>5445000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5500281.450000</valUSD>
        <pctVal>0.0956433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>HASTINGS CAMPUS HOUSING FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>HASTINGS CAMPUS HSG FIN AUTH C HCHGEN 07/45 FIXED 5</title>
        <cusip>418338AA7</cusip>
        <identifiers>
          <isin value="US418338AA70"/>
        </identifiers>
        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5652477.600000</valUSD>
        <pctVal>0.0982898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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        <name>CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT</name>
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        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>HASTINGS CAMPUS HOUSING FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <name>LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT</name>
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        <name>HUNTINGTON LOCAL DEVELOPMENT CORP</name>
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        <name>LAKEWOOD RANCH STEWARDSHIP DISTRICT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HUMBLE INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
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          <isin value="US445047MH33"/>
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        <balance>5010000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4643569.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWEST INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>S W TX INDEP SCH DIST SWXSCD 02/43 FIXED 4</title>
        <cusip>845267D67</cusip>
        <identifiers>
          <isin value="US845267D674"/>
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        <balance>6000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5850216.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</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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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH ECON AZSDEV 07/50 FIXED OID 7.75</title>
        <cusip>040523AF9</cusip>
        <identifiers>
          <isin value="US040523AF98"/>
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        <balance>4030000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>123318.000000</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>7.75</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK CITY HOUSING DEVELOPMENT CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
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        <cusip>64972CU35</cusip>
        <identifiers>
          <isin value="US64972CU353"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3470675.200000</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>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75</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>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VBFMED 12/39 FIXED 5</title>
        <cusip>928103AW0</cusip>
        <identifiers>
          <isin value="US928103AW00"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2093285.000000</valUSD>
        <pctVal>0.0363997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>DAYTON-MONTGOMERY COUNTY PORT AUTHORITY</name>
        <lei>N/A</lei>
        <title>DAYTON MONTGOMERY CNTY OH PORT DAYTON MONTGOMERY A</title>
        <cusip>23982CAM9</cusip>
        <identifiers>
          <isin value="US23982CAM91"/>
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        <balance>4300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4423226.820000</valUSD>
        <pctVal>0.0769146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.625</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF LAS VEGAS NV SALES TAX INCREMENT REVENUE</name>
        <lei>N/A</lei>
        <title>LAS VEGAS NV SALES TAX INCREME LASGEN 06/35 FIXED OID 4.375</title>
        <cusip>517741AC8</cusip>
        <identifiers>
          <isin value="US517741AC86"/>
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        <balance>3540000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3463314.400000</valUSD>
        <pctVal>0.0602229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</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>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GEORGIA MELPWR 01/59 FIXED 5</title>
        <cusip>626207X33</cusip>
        <identifiers>
          <isin value="US626207X335"/>
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        <balance>7600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7583171.320000</valUSD>
        <pctVal>0.131862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-01</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>ANGELINA &amp; NECHES RIVER AUTHORITY</name>
        <lei>N/A</lei>
        <title>ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 7.5</title>
        <cusip>03469KAB9</cusip>
        <identifiers>
          <isin value="US03469KAB98"/>
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        <balance>7060000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>709959.250000</valUSD>
        <pctVal>0.0123453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ST LOUIS LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO LAND CLEARANCE STLMFH 06/46 FIXED OID 5.125</title>
        <cusip>85233SAN8</cusip>
        <identifiers>
          <isin value="US85233SAN80"/>
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        <balance>2195000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2123693.230000</valUSD>
        <pctVal>0.0369285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</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>HAWAII ST DEPT BUDGET &amp; FIN SPL PURP REV</name>
        <lei>N/A</lei>
        <title>HAWAII ST DEPT OF BUDGET   FIN HISGEN 03/37 FIXED 4</title>
        <cusip>419800LV7</cusip>
        <identifiers>
          <isin value="US419800LV79"/>
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        <balance>6520000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6318121.240000</valUSD>
        <pctVal>0.109865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/30 FIXED 4.25</title>
        <cusip>24880GAK5</cusip>
        <identifiers>
          <isin value="US24880GAK58"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>706778.940000</valUSD>
        <pctVal>0.01229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FINGA PASDEV 12/37 ADJUSTABLE VAR</title>
        <cusip>708686ET3</cusip>
        <identifiers>
          <isin value="US708686ET36"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5039949.500000</valUSD>
        <pctVal>0.0876387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</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>NORMANDY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>NORMANDY CDD FL CAPITAL IMPT R NORMANDY CDD</title>
        <cusip>65618HAC3</cusip>
        <identifiers>
          <isin value="US65618HAC34"/>
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        <balance>1750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1677695.950000</valUSD>
        <pctVal>0.0291731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55</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>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH SENIOR LI NFADEV 01/51 FIXED 4</title>
        <cusip>63608SAM4</cusip>
        <identifiers>
          <isin value="US63608SAM44"/>
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        <balance>2250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1783136.480000</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>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5.5</title>
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        <identifiers>
          <isin value="US650116JS69"/>
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        <balance>6800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7014162.600000</valUSD>
        <pctVal>0.121968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>PARRISH LAKES COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>PARRISH LAKES CDD CAPITAL IMPT PRLDEV 05/54 FIXED 5.8</title>
        <cusip>70183FAJ7</cusip>
        <identifiers>
          <isin value="US70183FAJ75"/>
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        <balance>1850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1847623.490000</valUSD>
        <pctVal>0.032128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WEST SACRAMENTO REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
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        <title>SUCSSR AGY REDVLP OF W SACRMNT TERM LOAN</title>
        <cusip>948GCUII3</cusip>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>CROSSWINDS EAST COMMUNITY DEVELOPMENT DISTRICT</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>COUNTY OF CUYAHOGA OH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>LEANDER INDEPENDENT SCHOOL DISTRICT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>6461367E5</cusip>
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          <isin value="US6461367E56"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US14054WAL90"/>
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        <curCd>USD</curCd>
        <valUSD>4315142.300000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>MANGINI PLACE APARTMENTS - IMPACT FUND LIHTC PORTFOLIO</name>
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        <balance>19080975.440000</balance>
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        <curCd>USD</curCd>
        <valUSD>16686313.020000</valUSD>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
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          <annualizedRt>3.91</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US14054WBW47"/>
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        <curCd>USD</curCd>
        <valUSD>478178.750000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>THE METROPOLITAN NASHVILLE AIRPORT AUTHORITY</name>
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        <cusip>592190QY1</cusip>
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          <isin value="US592190QY16"/>
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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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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <title>NEW JERSEY ST ECON DEV AUTH EC NJSDEV 04/31 FIXED OID 5.75</title>
        <cusip>64577HMH1</cusip>
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          <isin value="US64577HMH11"/>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5048836.000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75</annualizedRt>
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      <invstOrSec>
        <name>COUNTY OF GRAND FORKS</name>
        <lei>N/A</lei>
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          <isin value="US38543PAF53"/>
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        <balance>7940000.000000</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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          <maturityDt>2043-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>AVENIR COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>AVENIR FL CDD SPL ASSMNT AVRDEV 05/41 FIXED OID 3.2</title>
        <cusip>05357JAL0</cusip>
        <identifiers>
          <isin value="US05357JAL08"/>
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        <balance>4510000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3673169.500000</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2</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>GRINDSTONE PLAZA TRANSPORTATION DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>GRINDSTONE PLAZA MO TRANSPRTN GRITRN 10/36 FIXED OID 5.55</title>
        <cusip>398547AD1</cusip>
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          <isin value="US398547AD11"/>
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        <balance>45000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44068.430000</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>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>IDAHO HEALTH FACS AUTH REV</name>
        <lei>549300X43KY1C2WW0J97</lei>
        <title>IDAHO ST HLTH FACS AUTH REVENU IDSMED 03/53 FIXED 5.25</title>
        <cusip>451295H36</cusip>
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          <isin value="US451295H366"/>
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        <balance>4800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4941134.880000</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>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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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        <name>ALLENTOWN NEIGHBORHOOD IMPROVEMENT ZONE DEVELOPMENT AUTHORITY</name>
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        <cusip>018444CH0</cusip>
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        <balance>1800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1901746.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
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        <name>CITY OF FIREBAUGH CA</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1045764.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>NORTHWEST INDEPENDENT SCHOOL DISTRICT</name>
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        <title>NORTHWEST TX INDEP SCH DIST NWTSCD 02/55 FIXED 5</title>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5203453.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI RETMNT FAC PUBFIN 03/55 FIXED 5.25</title>
        <cusip>74444VAW0</cusip>
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          <isin value="US74444VAW00"/>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2193347.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 06/55 FIXED OID 5.5</title>
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          <isin value="US74439YGG08"/>
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        <curCd>USD</curCd>
        <valUSD>605992.920000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>LITTLE ELM INDEPENDENT SCHOOL DISTRICT</name>
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        <curCd>USD</curCd>
        <valUSD>1722559.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WEST VIRGINIA HOSPITAL FINANCE</name>
        <lei>N/A</lei>
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        <cusip>956622X25</cusip>
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          <isin value="US956622X251"/>
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        <balance>8600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9276824.300000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BENLOCH RANCH IMPROVEMENT ASSOCIATION NO 2</name>
        <lei>N/A</lei>
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        <cusip>082149AA3</cusip>
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          <isin value="US082149AA32"/>
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        <balance>18000000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
        <lei>N/A</lei>
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        <balance>1020000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>9</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
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        <cusip>13032U4R6</cusip>
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          <isin value="US13032U4R69"/>
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        <balance>3935000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4432073.920000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74447TAC6</cusip>
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          <isin value="US74447TAC62"/>
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        <balance>4406000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITY OF ATLANTIC CITY NJ</name>
        <lei>N/A</lei>
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          <isin value="US048339UY98"/>
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        <balance>815000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
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        <cusip>13034AR28</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>45470CAG4</cusip>
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        <balance>20440000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20949047.980000</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>4.25</annualizedRt>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <balance>3982207.800000</balance>
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        <curCd>USD</curCd>
        <valUSD>3798022.290000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74447GAB6</cusip>
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        <balance>13120000.000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5</annualizedRt>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 02/50 FIXED 4</title>
        <cusip>59447TVE0</cusip>
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        <balance>4540000.000000</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>
          <annualizedRt>4</annualizedRt>
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        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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        <balance>2900000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 06/45 ZEROCPNOID 0</title>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <name>FREDDIE MAC GOLD POOL</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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        <cusip>3132YBW28</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TEXAS STATE UNIVERSITY SYSTEM</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY</name>
        <lei>N/A</lei>
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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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          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <cusip>13058TDQ0</cusip>
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          <isin value="US13058TDQ04"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>76882NAL6</cusip>
        <identifiers>
          <isin value="US76882NAL64"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022357.700000</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>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/51 ZEROCPNOID 0</title>
        <cusip>74529JQH1</cusip>
        <identifiers>
          <isin value="US74529JQH13"/>
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        <balance>244312662.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61456190.480000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>MARYLAND ST ECON DEV CORP HSG DEV</name>
        <lei>549300JJ16DDBSZWSN94</lei>
        <title>MARYLAND ST ECON DEV CORP SPL MDSDEV 09/40 FIXED 4</title>
        <cusip>57422FAE6</cusip>
        <identifiers>
          <isin value="US57422FAE60"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1841178.600000</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>2040-09-01</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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      </invstOrSec>
      <invstOrSec>
        <name>WESTSIDE HAINES CITY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>WESTSIDE HAINES CITY CDD SPL A WEHDEV 05/54 FIXED 6</title>
        <cusip>96150AAG8</cusip>
        <identifiers>
          <isin value="US96150AAG85"/>
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        <balance>1590000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1612365.100000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 04/53 FIXED 4</title>
        <cusip>650110AE9</cusip>
        <identifiers>
          <isin value="US650110AE94"/>
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        <balance>1250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1040636.000000</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>2053-04-30</maturityDt>
          <couponKind>Fixed</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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      <invstOrSec>
        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 09/37 FIXED 5</title>
        <cusip>126292CQ2</cusip>
        <identifiers>
          <isin value="US126292CQ24"/>
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        <balance>3100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3121896.540000</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>2037-09-01</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/31 FIXED 5.25</title>
        <cusip>74526YEC5</cusip>
        <identifiers>
          <isin value="US74526YEC57"/>
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        <balance>30000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20325.000000</valUSD>
        <pctVal>0.0003534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAMILTON BLUFF COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>HAMILTON BLUFF CMNTY DEV 05/44 5.5</title>
        <cusip>40702EAB2</cusip>
        <identifiers>
          <isin value="US40702EAB20"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000991.000000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>COMAL INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>COMAL TX INDEP SCH DIST COMSCD 02/50 FIXED 5</title>
        <cusip>199821AY5</cusip>
        <identifiers>
          <isin value="US199821AY56"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7318584.000000</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>2050-02-01</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>HARVEST CROSSING METROPOLITAN DISTRICT NO 4</name>
        <lei>N/A</lei>
        <title>HARVEST CROSSING MET DIST 12/52 7.25</title>
        <cusip>41753TAA7</cusip>
        <identifiers>
          <isin value="US41753TAA79"/>
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        <balance>2913000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2935094.230000</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>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/54 FIXED 5.5</title>
        <cusip>45204EC48</cusip>
        <identifiers>
          <isin value="US45204EC482"/>
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        <balance>11100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8563098.330000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 02/56 FIXED OID 4</title>
        <cusip>13013FAP9</cusip>
        <identifiers>
          <isin value="US13013FAP99"/>
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        <balance>22300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10967211.360000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-02-01</maturityDt>
          <couponKind>Fixed</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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      <invstOrSec>
        <name>LOWER COLORADO RIVER AUTHORITY EMPLOYEES UNITED C</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER TX AUTH T LWCGEN 05/48 FIXED 5.25</title>
        <cusip>54811BH46</cusip>
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          <isin value="US54811BH461"/>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3131468.700000</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>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
        <title>CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/45 FIXED OID 5</title>
        <cusip>14054WBU8</cusip>
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          <isin value="US14054WBU80"/>
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        <balance>1250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1202384.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</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>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>INDIANAPOLIS IN LOCAL PUBLIC I 03/53 6</title>
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        <identifiers>
          <isin value="US45528U6X43"/>
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        <balance>12985000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13474028.090000</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>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VBFMED 12/54 FIXED 5.5</title>
        <cusip>928103AY6</cusip>
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          <isin value="US928103AY65"/>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2538430.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/48 FIXED 5</title>
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          <isin value="US167593M583"/>
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        <curCd>USD</curCd>
        <valUSD>9075997.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 01/33 FIXED 5</title>
        <cusip>650116CM6</cusip>
        <identifiers>
          <isin value="US650116CM62"/>
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        <balance>6750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6918027.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH INDL ARSDEV 09/49 FIXED 4.75</title>
        <cusip>04108WCD2</cusip>
        <identifiers>
          <isin value="US04108WCD20"/>
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        <balance>2800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2707918.640000</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>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</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>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTH AL COOPE SEEPWR 11/55 ADJUSTABLE VAR</title>
        <cusip>84136JAL3</cusip>
        <identifiers>
          <isin value="US84136JAL35"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5556676.500000</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>2055-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>GOLDEN GEM CDD FL SPL ASSMNT R GOGDEV 05/55 FIXED OID 6</title>
        <cusip>38105CAC1</cusip>
        <identifiers>
          <isin value="US38105CAC10"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4029329.200000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
        <lei>N/A</lei>
        <title>STERLING RANCH CMNTY AUTH BRD STRDEV 12/43 FIXED OID 5.625</title>
        <cusip>85950TAA5</cusip>
        <identifiers>
          <isin value="US85950TAA51"/>
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        <balance>2929000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2963658.560000</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>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 07/53 FIXED 5</title>
        <cusip>939783WS1</cusip>
        <identifiers>
          <isin value="US939783WS12"/>
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        <balance>3945000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2664958.750000</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>2053-07-01</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>LA VEGA INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LA VEGA TX INDEP SCH DIST LGASCD 02/54 OID 4.125</title>
        <cusip>505156QZ5</cusip>
        <identifiers>
          <isin value="US505156QZ50"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5535678.000000</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>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>BLACK BELT ENERGY GAS DISTRICT</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR</title>
        <cusip>09182TGC5</cusip>
        <identifiers>
          <isin value="US09182TGC53"/>
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        <balance>20150000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21733679.180000</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>2055-12-01</maturityDt>
          <couponKind>Variable</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>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>WESTCHESTER CNTY NY LOCAL DEV WSTDEV 11/55 FIXED 7.5</title>
        <cusip>95737TFX9</cusip>
        <identifiers>
          <isin value="US95737TFX90"/>
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        <balance>11000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11775531.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
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        <cusip>928105CP8</cusip>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4137954.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY</name>
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        <title>PORT OF GTR CINCINNATI DEV AUT PRTDEV 01/45 FIXED 6.5</title>
        <cusip>73419RAE2</cusip>
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          <isin value="US73419RAE27"/>
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        <balance>4400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4501222.440000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BERKS COUNTY MUNICIPAL AUTHORITY</name>
        <lei>N/A</lei>
        <title>BERKS CNTY PA MUNI AUTH BERKS CO MUNI AUTH A1</title>
        <cusip>084538JD0</cusip>
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          <isin value="US084538JD01"/>
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        <balance>3693000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3647759.270000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
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      <invstOrSec>
        <name>COLORADO STATE</name>
        <lei>N/A</lei>
        <title>COLORADO ST COPS COSCTF 11/44 FIXED 5</title>
        <cusip>196711VT9</cusip>
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          <isin value="US196711VT99"/>
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        <curCd>USD</curCd>
        <valUSD>1375879.180000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 04/35 FIXED 6</title>
        <cusip>650116GN0</cusip>
        <identifiers>
          <isin value="US650116GN00"/>
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        <balance>17550000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19301618.120000</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>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>ANGELINA &amp; NECHES RIVER AUTHORITY</name>
        <lei>N/A</lei>
        <title>ANGELINA NECHES RIVER AUTH I ANGDEV 12/45 FIXED 12</title>
        <cusip>03469KAG8</cusip>
        <identifiers>
          <isin value="US03469KAG85"/>
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        <balance>9525000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1128351.500000</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>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARRISH LAKES COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>PARRISH LAKES CDD CAPITAL IMPT PRLDEV 05/44 FIXED 5.5</title>
        <cusip>70183FAH1</cusip>
        <identifiers>
          <isin value="US70183FAH10"/>
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        <balance>695000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>693792.990000</valUSD>
        <pctVal>0.0120642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>GROSSMONT UNION HIGH SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>GROSSMONT CA UNION HIGH SCH DI GROSCD 08/44 ZEROCPNOID 0</title>
        <cusip>399262TS3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
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      <invstOrSec>
        <name>CITY OF ROWLETT</name>
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        <name>PATRIOTS ENERGY GROUP FINANCING AGENCY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST</name>
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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
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        <name>DOYLESTOWN HOSPITAL AUTHORITY</name>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
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        <title>PILOT POINT TX SPL ASSMNT REVE PILGEN 09/55 FIXED 6.375</title>
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        <curCd>USD</curCd>
        <valUSD>1532309.550000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EVANSVILLE CITY OF</name>
        <lei>5493004FNKVUBIYGJO12</lei>
        <title>EVANSVILLE IN MF HSG REVENUE EVAMFH 01/38 FIXED 5.45</title>
        <cusip>299351AG1</cusip>
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          <isin value="US299351AG13"/>
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        <balance>7975000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7435643.570000</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>5.45</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>010869JN6</cusip>
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          <isin value="US010869JN60"/>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1740194.100000</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>2048-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>649519DB8</cusip>
        <identifiers>
          <isin value="US649519DB85"/>
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        <balance>2600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2602802.540000</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>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT</name>
        <lei>549300CVHLQ72HQF3340</lei>
        <title>SPARTANBURG SC REGL HLTH SVCS SPAMED 04/48 FIXED 5</title>
        <cusip>847113CH8</cusip>
        <identifiers>
          <isin value="US847113CH80"/>
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        <balance>6800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6844529.800000</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>2048-04-15</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>AUSTIN HOUSING FINANCE CORPORATION</name>
        <lei>549300UBTYKESVNBXV64</lei>
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        <cusip>052425HY4</cusip>
        <identifiers>
          <isin value="US052425HY43"/>
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        <balance>5200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5238570.480000</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>2042-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRAL TEXAS TURNPIKE SYSTEM</name>
        <lei>N/A</lei>
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        <cusip>88283KCF3</cusip>
        <identifiers>
          <isin value="US88283KCF30"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1610023.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</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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      <invstOrSec>
        <name>CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>130536QW8</cusip>
        <identifiers>
          <isin value="US130536QW85"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>999392.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.125</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>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH LTD OBLIG MISFIN 09/30 FIXED 4.3</title>
        <cusip>594479FR3</cusip>
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          <isin value="US594479FR32"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95260.720000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3</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>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR</title>
        <cusip>13034DAJ3</cusip>
        <identifiers>
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        <balance>33650000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34344714.350000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AVENIR COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>05357JAQ9</cusip>
        <identifiers>
          <isin value="US05357JAQ94"/>
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        <balance>1845000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1894543.230000</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>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/45 FIXED OID 5.125</title>
        <cusip>45204EA73</cusip>
        <identifiers>
          <isin value="US45204EA734"/>
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        <balance>2675336.890000</balance>
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        <curCd>USD</curCd>
        <valUSD>27555.970000</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>2045-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/54 FIXED OID 5.25</title>
        <cusip>45204EC55</cusip>
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          <isin value="US45204EC557"/>
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        <balance>5655000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4190762.160000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/44 FIXED 5.125</title>
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          <isin value="US15114CJW55"/>
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        <balance>300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289164.390000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GA MELPWR 07/64 FIXED 5.25</title>
        <cusip>62620HHP0</cusip>
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        <balance>7000000.000000</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>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ST JOHNSONS CNTY FLA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>SAINT JOHNS CNTY FL INDL DEV A STJDEV 08/55 FIXED 4</title>
        <cusip>790417AR0</cusip>
        <identifiers>
          <isin value="US790417AR02"/>
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        <balance>6500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5181282.600000</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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 01/55 ADJUSTABLE VAR</title>
        <cusip>74440DFC3</cusip>
        <identifiers>
          <isin value="US74440DFC39"/>
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        <balance>5700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6179287.920000</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>2055-01-01</maturityDt>
          <couponKind>Variable</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>METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE</name>
        <lei>N/A</lei>
        <title>MET WASHINGTON DC ARPTS AUTH A METAPT 10/51 FIXED 4</title>
        <cusip>592647KN0</cusip>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4388838.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</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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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DEV AUTH DEV REVE AZSDEV 12/55 FIXED 6.75</title>
        <cusip>04052LAA0</cusip>
        <identifiers>
          <isin value="US04052LAA08"/>
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        <balance>3750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3812205.380000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>MEMPHIS SHELBY CNTY TN INDL DE MEMDEV 01/46 FIXED OID 5.625</title>
        <cusip>58611YAC8</cusip>
        <identifiers>
          <isin value="US58611YAC84"/>
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        <balance>850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>577103.420000</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>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>COUNTY OF MIAMI-DADE FL AVIATION REVENUE</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL AVIATION RE MIATRN 10/49 FIXED 5</title>
        <cusip>59333P4D7</cusip>
        <identifiers>
          <isin value="US59333P4D70"/>
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        <balance>4275000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4285957.680000</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>2049-10-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA INDL DEV AU MONDEV 11/44 FIXED 5</title>
        <cusip>613609N28</cusip>
        <identifiers>
          <isin value="US613609N288"/>
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        <balance>4300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4087036.480000</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>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/60 FIXED OID 5.5</title>
        <cusip>13051EAK6</cusip>
        <identifiers>
          <isin value="US13051EAK64"/>
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        <balance>2850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2771302.670000</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>2060-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 4</title>
        <cusip>64542PAU9</cusip>
        <identifiers>
          <isin value="US64542PAU93"/>
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        <balance>2700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2436750.000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>Y</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/30 FIXED OID 4</title>
        <cusip>650116CX2</cusip>
        <identifiers>
          <isin value="US650116CX28"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2028986.400000</valUSD>
        <pctVal>0.0352816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>OHIO HOUSING FINANCE AGENCY</name>
        <lei>549300K10X7VPG6JVX38</lei>
        <title>OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.25</title>
        <cusip>676900XZ1</cusip>
        <identifiers>
          <isin value="US676900XZ18"/>
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        <balance>3565000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3607430.990000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>CITY OF FORT WORTH TX WATER &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>FORT WORTH TX WTR   SWR REVENU FTWUTL 02/53 FIXED 4.25</title>
        <cusip>3495152J4</cusip>
        <identifiers>
          <isin value="US3495152J44"/>
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        <balance>6940000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6550386.320000</valUSD>
        <pctVal>0.113903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS</name>
        <lei>549300J3RRLLZZN4WP77</lei>
        <title>TEXAS ST DEPT OF HSG   CMNTY A TXSSFH 01/56 FIXED 6</title>
        <cusip>882750G71</cusip>
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          <isin value="US882750G718"/>
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        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11210595.000000</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>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>TOBACCO SETTLEMENT FINANCING CORPORATION</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5</title>
        <cusip>888808HT2</cusip>
        <identifiers>
          <isin value="US888808HT28"/>
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        <balance>940000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918611.430000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>FLORIDA ST DEV FIN CORP FLORIDA DEV FIN CORP</title>
        <cusip>340618DV6</cusip>
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          <isin value="US340618DV61"/>
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        <balance>24600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24060219.420000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>118217DA3</cusip>
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        <balance>279880000.000000</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>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTY OF HARRIS TX TOLL ROAD REVENUE</name>
        <lei>N/A</lei>
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        <cusip>41423PDY0</cusip>
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        <curCd>USD</curCd>
        <valUSD>5974779.850000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>COUNTY OF SACRAMENTO CA</name>
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        <title>SACRAMENTO CNTY CA SPL TAX SACGEN 09/47 FIXED 5</title>
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        <curCd>USD</curCd>
        <valUSD>5927772.480000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VELOCITY METROPOLITAN DISTRICT NO 5</name>
        <lei>N/A</lei>
        <title>VELOCITY MET DIST  5 CO VLOFAC 12/50 INT APROID VAR</title>
        <cusip>92259JAB9</cusip>
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        <balance>11100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9455079.900000</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>2050-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>MICHIGAN STRATEGIC FUND</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST STRATEGIC FUND LTD MISGEN 12/43 FIXED 5</title>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HAWAII ST DEPT BUDGET &amp; FIN SPL PURP REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF DETROIT</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>716241.860000</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>
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        <securityLending>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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          <isin value="US62620HAX08"/>
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        <balance>1100000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
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        <cusip>888809BE9</cusip>
        <identifiers>
          <isin value="US888809BE95"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4500144.900000</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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        <securityLending>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
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        <balance>905000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>816762.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CITY OF SEATTLE WA MUNICIPAL LIGHT &amp; POWER REVENUE</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</name>
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        <name>CITY OF PILOT POINT TX</name>
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        <name>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AUTHORITY</name>
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        <name>VALENCIA GARDEN - IMPACT FUND LIHTC PORTFOLIO</name>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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      <invstOrSec>
        <name>MISHAWAKA CITY OF</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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          <isin value="US45204FBF18"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>NEW ORLEANS AVIATION BOARD</name>
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        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <name>CENTERRA METROPOLITAN DISTRICT NO 1</name>
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        <name>CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <invCountry>PR</invCountry>
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        <name>CANYONS METROPOLITAN DISTRICT NO 5</name>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <invCountry>US</invCountry>
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        <name>ONONDAGA CIVIC DEVELOPMENT CORP</name>
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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>2044-08-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF MIAMI-DADE FL WATER &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
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        <cusip>59334DLV4</cusip>
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          <isin value="US59334DLV46"/>
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        <curCd>USD</curCd>
        <valUSD>6213454.670000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN COUNTY INDUSTRIAL DEV</name>
        <lei>N/A</lei>
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        <cusip>353273BZ7</cusip>
        <identifiers>
          <isin value="US353273BZ76"/>
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        <balance>1650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1404226.400000</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>2053-12-01</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526YFB6</cusip>
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          <isin value="US74526YFB65"/>
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        <balance>400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>271000.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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          <isin value="US2510936D73"/>
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        <balance>515000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529707.520000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.844</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
        <lei>N/A</lei>
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        <cusip>38122ND58</cusip>
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          <isin value="US38122ND583"/>
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        <balance>12550000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.714</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARTIN COUNTY HEALTH FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>573903FZ9</cusip>
        <identifiers>
          <isin value="US573903FZ99"/>
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        <balance>13000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11814912.200000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</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>
        <name>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH REVENUE IASGEN 01/42 FIXED OID 8</title>
        <cusip>46247SCZ5</cusip>
        <identifiers>
          <isin value="US46247SCZ56"/>
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        <balance>9500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8241275.650000</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>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DU PAGE &amp; WILL CNTYS ILL SCH DIST NO 204</name>
        <lei>N/A</lei>
        <title>DU PAGE WILL CNTYS IL CMNTYS DUPSCD 01/39 FIXED 5</title>
        <cusip>262608TM4</cusip>
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          <isin value="US262608TM47"/>
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        <balance>9590000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10522779.020000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-15</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>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL REVENUE CPTGEN 01/56 FIXED 5</title>
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        <identifiers>
          <isin value="US14052WDT18"/>
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        <balance>5200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4349761.520000</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>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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        <title>ILLINOIS ST ILS 06/29 FIXED OID 3.5</title>
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        <balance>2000000.000000</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>
          <annualizedRt>3.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COLORADO STATE</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION</name>
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        <curCd>USD</curCd>
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        <name>PUERTO RICO GOVT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>COLORADO SCH MINES AUX FACS REV</name>
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        <title>COLORADO ST SCH OF MINES INSTN 12/54 5</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FARMS NEW KENT COMMUNITY DEVEL</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
        <title>DETROIT MI DET 04/44 ADJUSTABLE VAR</title>
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        <balance>32007096.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25217283.490000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/40 FIXED OID 7</title>
        <cusip>74526YFF7</cusip>
        <identifiers>
          <isin value="US74526YFF79"/>
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        <balance>20000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13550.000000</valUSD>
        <pctVal>0.0002356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/44 FIXED 5.25</title>
        <cusip>650116HJ8</cusip>
        <identifiers>
          <isin value="US650116HJ88"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4073734.800000</valUSD>
        <pctVal>0.0708374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 01/51 ADJUSTABLE VAR</title>
        <cusip>708692CA4</cusip>
        <identifiers>
          <isin value="US708692CA49"/>
        </identifiers>
        <balance>5250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5475438.680000</valUSD>
        <pctVal>0.0952113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.45</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>BEAVER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>BEAVER CNTY PA INDL DEV AUTH BEAPOL 01/35 ADJUSTABLE VAR</title>
        <cusip>074876HR7</cusip>
        <identifiers>
          <isin value="US074876HR73"/>
        </identifiers>
        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7315390.600000</valUSD>
        <pctVal>0.127206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75</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>ROOKERY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>ROOKERY CDD FL CAPITAL IMPT RE ROODEV 05/55 FIXED 5.35</title>
        <cusip>776364AC5</cusip>
        <identifiers>
          <isin value="US776364AC50"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1433725.350000</valUSD>
        <pctVal>0.0249308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35</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>TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY 249 SYSTEM</name>
        <lei>N/A</lei>
        <title>TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/51 ZEROCPNOID 0</title>
        <cusip>88283NAW2</cusip>
        <identifiers>
          <isin value="US88283NAW20"/>
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        <balance>3450000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>939180.390000</valUSD>
        <pctVal>0.0163312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</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 DETROIT MI SEWAGE DISPOSAL SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>DETROIT MI SWR DISP SYS REVENU DETUTL 07/32 FLOATING VAR</title>
        <cusip>251237W66</cusip>
        <identifiers>
          <isin value="US251237W666"/>
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        <balance>3750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3720111.000000</valUSD>
        <pctVal>0.0646883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.4454</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>HAWAII ST DEPT BUDGET &amp; FIN SPL PURP REV</name>
        <lei>N/A</lei>
        <title>HAWAII ST DEPT OF BUDGET   FIN HISGEN 07/39 FIXED 3.2</title>
        <cusip>419800LY1</cusip>
        <identifiers>
          <isin value="US419800LY19"/>
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        <balance>3725000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3233827.090000</valUSD>
        <pctVal>0.0562324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2</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>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
        <title>MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/54 FIXED 6</title>
        <cusip>59561UAD2</cusip>
        <identifiers>
          <isin value="US59561UAD28"/>
        </identifiers>
        <balance>7500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7625711.250000</valUSD>
        <pctVal>0.132602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/55 FIXED 6.125</title>
        <cusip>24880GAS8</cusip>
        <identifiers>
          <isin value="US24880GAS84"/>
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        <balance>8000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8183445.600000</valUSD>
        <pctVal>0.1423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 04/40 FIXED OID 5.625</title>
        <cusip>650116GP5</cusip>
        <identifiers>
          <isin value="US650116GP57"/>
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        <balance>8750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9147482.750000</valUSD>
        <pctVal>0.159064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>AUSTIN AFFORDABLE PFC INC</name>
        <lei>529900LKLIWOHOEBOF89</lei>
        <title>AUSTIN TX AFFORDABLE PUBLIC FA AUSFAC 03/43 FIXED 4.45</title>
        <cusip>05217TAT1</cusip>
        <identifiers>
          <isin value="US05217TAT16"/>
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        <balance>2575000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2551684.920000</valUSD>
        <pctVal>0.0443707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45</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>PENINSULA TOWN CENTER COMMUNITY DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENINSULA TOWN CENTER VA CMNTY PTCDEV 09/45 FIXED 5</title>
        <cusip>70718LAH2</cusip>
        <identifiers>
          <isin value="US70718LAH24"/>
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        <balance>2250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2186175.830000</valUSD>
        <pctVal>0.038015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</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>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 10/36 FIXED OID 4.125</title>
        <cusip>4521527A3</cusip>
        <identifiers>
          <isin value="US4521527A35"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1995628.600000</valUSD>
        <pctVal>0.0347016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>WAYNE COUNTY AIRPORT AUTHORITY</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MI ARPT AUTH REVENU WAYAPT 12/33 FIXED 5</title>
        <cusip>944514P77</cusip>
        <identifiers>
          <isin value="US944514P772"/>
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        <balance>1380000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1532747.780000</valUSD>
        <pctVal>0.0266526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI LTD OBLIG G PUBFIN 08/31 FIXED OID 6.75</title>
        <cusip>74446EAB2</cusip>
        <identifiers>
          <isin value="US74446EAB20"/>
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        <balance>20000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15400000.000000</valUSD>
        <pctVal>0.267788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>ONONDAGA CIVIC DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>ONONDAGA NY CIVIC DEV CORP ONODEV 08/54 FIXED OID 5</title>
        <cusip>682832KJ8</cusip>
        <identifiers>
          <isin value="US682832KJ89"/>
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        <balance>340000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>282295.230000</valUSD>
        <pctVal>0.0049088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>OKLAHOMA TURNPIKE AUTHORITY</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>OKLAHOMA ST TURNPIKE AUTH OKSTRN 01/53 FIXED OID 4.5</title>
        <cusip>679111C93</cusip>
        <identifiers>
          <isin value="US679111C933"/>
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        <balance>5750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5752027.450000</valUSD>
        <pctVal>0.100021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>MAIN STREET NATURAL GAS INC</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STREET NATURAL GAS INC GA MAIUTL 12/55 ADJUSTABLE VAR</title>
        <cusip>56035DKH4</cusip>
        <identifiers>
          <isin value="US56035DKH43"/>
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        <balance>28900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31407976.680000</valUSD>
        <pctVal>0.546147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</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>OMAHA PUBLIC POWER DISTRICT</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA NE PUBLIC PWR DIST ELEC OMAPWR 02/51 FIXED 4</title>
        <cusip>682001HA3</cusip>
        <identifiers>
          <isin value="US682001HA39"/>
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        <balance>8000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7305165.600000</valUSD>
        <pctVal>0.127028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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 WATER &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL WTR   SWR R MIAUTL 10/50 FIXED OID 4.125</title>
        <cusip>59334DNW0</cusip>
        <identifiers>
          <isin value="US59334DNW01"/>
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        <balance>2075000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1941356.310000</valUSD>
        <pctVal>0.0337579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>WILLOW BEND METROPOLITAN DISTRICT</name>
        <lei>N/A</lei>
        <title>WILLOW BEND MET DIST CO WILDEV 12/49 FIXED 5</title>
        <cusip>97111VAB9</cusip>
        <identifiers>
          <isin value="US97111VAB99"/>
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        <balance>6375000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5876159.440000</valUSD>
        <pctVal>0.102179</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</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>IOWA TOBACCO SETTLEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT AUTH IA TOB TOBGEN 06/65 ZEROCPNOID 0</title>
        <cusip>888805CJ5</cusip>
        <identifiers>
          <isin value="US888805CJ51"/>
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        <balance>26980000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3985253.570000</valUSD>
        <pctVal>0.0692988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-01</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>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTH AL COMMO SEEPWR 05/53 ADJUSTABLE VAR</title>
        <cusip>84136FBB2</cusip>
        <identifiers>
          <isin value="US84136FBB22"/>
        </identifiers>
        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3673624.500000</valUSD>
        <pctVal>0.0638799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Variable</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 HOUSTON TX AIRPORT SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE HOUAPT 07/35 FIXED 5.5</title>
        <cusip>442349HV1</cusip>
        <identifiers>
          <isin value="US442349HV18"/>
        </identifiers>
        <balance>14500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15936243.850000</valUSD>
        <pctVal>0.277112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>HOOVER INDUSTRIAL DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>HOOVER AL INDL DEV BRD ENVNMNT HOODEV 10/49 FIXED 5.75</title>
        <cusip>439241AA8</cusip>
        <identifiers>
          <isin value="US439241AA80"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1516048.950000</valUSD>
        <pctVal>0.0263623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>BRAZORIA CNTY TX INDL DEV CORP BZIFAC 03/39 FIXED 9</title>
        <cusip>10604PAB9</cusip>
        <identifiers>
          <isin value="US10604PAB94"/>
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        <balance>1716000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>394680.000000</valUSD>
        <pctVal>0.006863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE</name>
        <lei>N/A</lei>
        <title>WASHINGTON DC MET AREA TRANSIT DCTTRN 07/48 FIXED 5</title>
        <cusip>93878YDS5</cusip>
        <identifiers>
          <isin value="US93878YDS54"/>
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        <balance>27000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27986701.500000</valUSD>
        <pctVal>0.486655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-15</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>
      <invstOrSec>
        <name>AUGUSTA DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>AUGUSTA GA DEV AUTH REVENUE AGSDEV 04/53 FIXED OID 5.125</title>
        <cusip>05115CBR4</cusip>
        <identifiers>
          <isin value="US05115CBR43"/>
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        <balance>6500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6649192.550000</valUSD>
        <pctVal>0.115622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/27 FIXED 5.25</title>
        <cusip>74526YDV4</cusip>
        <identifiers>
          <isin value="US74526YDV48"/>
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        <balance>35000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23712.500000</valUSD>
        <pctVal>0.0004123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/48 FIXED 5</title>
        <cusip>57584XA27</cusip>
        <identifiers>
          <isin value="US57584XA270"/>
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        <balance>5360000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5003125.840000</valUSD>
        <pctVal>0.0869983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>MERCER CNTY PA INDL DEV AUTH C MERHGR 10/50 FIXED 6.125</title>
        <cusip>58787LAA8</cusip>
        <identifiers>
          <isin value="US58787LAA89"/>
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        <balance>4935000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3506474.430000</valUSD>
        <pctVal>0.0609734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SACRAMENTO CA</name>
        <lei>N/A</lei>
        <title>SACRAMENTO CA SPL TAX SACGEN 09/50 FIXED 4</title>
        <cusip>786071RC6</cusip>
        <identifiers>
          <isin value="US786071RC62"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>858475.500000</valUSD>
        <pctVal>0.0149279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY</name>
        <lei>N/A</lei>
        <title>AEROTROPOLIS REGL TRANPRTN AUT AERTRN 12/54 FIXED 5.75</title>
        <cusip>008051AE4</cusip>
        <identifiers>
          <isin value="US008051AE47"/>
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        <balance>14250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14080330.950000</valUSD>
        <pctVal>0.24484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE HOUAPT 07/37 FIXED 5.5</title>
        <cusip>442349HX7</cusip>
        <identifiers>
          <isin value="US442349HX73"/>
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        <balance>22500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24307602.750000</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>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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 10/34 FIXED 5</title>
        <cusip>59333P7L6</cusip>
        <identifiers>
          <isin value="US59333P7L69"/>
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        <balance>11600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12997008.880000</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>2034-10-01</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>CITY OF CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/45 FIXED 5.5</title>
        <cusip>15114CKQ6</cusip>
        <identifiers>
          <isin value="US15114CKQ68"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298884.630000</valUSD>
        <pctVal>0.0051972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>WESTVIEW SOUTH COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>WESTVIEW SOUTH CDD FL SPL ASSM WVSDEV 05/55 FIXED 6.2</title>
        <cusip>961566AJ5</cusip>
        <identifiers>
          <isin value="US961566AJ57"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3090687.900000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.2</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MISSISSIPPI DEVELOPMENT BANK</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI DEV BK SPL OBLIG MSSDEV 10/35 FIXED 4</title>
        <cusip>60534XLT1</cusip>
        <identifiers>
          <isin value="US60534XLT18"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272337.630000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
        <title>MIDA CORMONT PUBLIC INFRASTRUC MCRDEV 06/55 INT APROID VAR</title>
        <cusip>59561JAB1</cusip>
        <identifiers>
          <isin value="US59561JAB17"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3744270.000000</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>2055-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EXEMPT FACS PUBFIN 12/25 FIXED 5</title>
        <cusip>74443QAC6</cusip>
        <identifiers>
          <isin value="US74443QAC69"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2001686.800000</valUSD>
        <pctVal>0.0348069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>INDIANA HOUSING FINANCE AUTHOR</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>INDIANA ST HSG   CMNTY DEV AUT INSMFH 07/56 ADJUSTABLE VAR</title>
        <cusip>45506CAP2</cusip>
        <identifiers>
          <isin value="US45506CAP23"/>
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        <balance>9660000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9200113.480000</valUSD>
        <pctVal>0.159979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25</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>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH 02/44 4.125</title>
        <cusip>59447NBB1</cusip>
        <identifiers>
          <isin value="US59447NBB10"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>662826.990000</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>2044-02-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>
      <invstOrSec>
        <name>IBIS LANDING COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>IBIS LANDING CDD FL SPL ASSMNT IBIDEV 06/55 FIXED OID 5.875</title>
        <cusip>451075AD7</cusip>
        <identifiers>
          <isin value="US451075AD75"/>
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        <balance>800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>814338.880000</valUSD>
        <pctVal>0.0141604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</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>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH LTD OBLIG MISFIN 05/46 FIXED 5</title>
        <cusip>594479GQ4</cusip>
        <identifiers>
          <isin value="US594479GQ40"/>
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        <balance>1435000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1075627.640000</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>
          <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>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>LTC RANCH WEST RSDL CMNTY DEV LTC RANCH W CDD AA4</title>
        <cusip>50218SAP6</cusip>
        <identifiers>
          <isin value="US50218SAP65"/>
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        <balance>1250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1220697.250000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOB SECURITIZATION AUTH NORTHNCALIF</name>
        <lei>N/A</lei>
        <title>TOBACCO SECURITIZATION AUTH NT TOBGEN 06/60 ZEROCPNOID 0</title>
        <cusip>888794CA0</cusip>
        <identifiers>
          <isin value="US888794CA04"/>
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        <balance>69995000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10775639.260000</valUSD>
        <pctVal>0.187375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>TEXAS WATER DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>TEXAS WTR DEV BRD REVENUE TXSWTR 10/54 FIXED 4.375</title>
        <cusip>88285AGB8</cusip>
        <identifiers>
          <isin value="US88285AGB89"/>
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        <balance>12250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11785782.580000</valUSD>
        <pctVal>0.204941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE5061 FR 01/39 FIXED 4</title>
        <cusip>3132YATS7</cusip>
        <identifiers>
          <isin value="US3132YATS75"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3412801.530000</valUSD>
        <pctVal>0.0593445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GREATER ORLANDO AVIATION AUTHORITY</name>
        <lei>549300CP6PUG5S184F61</lei>
        <title>GTR ORLANDO FL AVIATION AUTH A GREAPT 10/52 FIXED 5</title>
        <cusip>392274X50</cusip>
        <identifiers>
          <isin value="US392274X501"/>
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        <balance>3625000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3623875.160000</valUSD>
        <pctVal>0.0630148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STWD CMNTYS DEV AUT CASGEN 06/46 FIXED 5</title>
        <cusip>13080SNN0</cusip>
        <identifiers>
          <isin value="US13080SNN08"/>
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        <balance>1900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1796982.190000</valUSD>
        <pctVal>0.0312474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY</name>
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        <name>NORTH CAROLINA MEDICAL CARE COMMISSION</name>
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        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT</name>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <name>SENAC SOUTH METROPOLITAN DISTRICT NO 1</name>
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        <name>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>NORTHWEST INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>NORTHWEST TX INDEP SCH DIST NWTSCD 02/49 FIXED OID 4</title>
        <cusip>667826GK1</cusip>
        <identifiers>
          <isin value="US667826GK16"/>
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        <balance>7225000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6672614.070000</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>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF PRINCETON TX</name>
        <lei>N/A</lei>
        <title>PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/55 FIXED 5.625</title>
        <cusip>742400DB7</cusip>
        <identifiers>
          <isin value="US742400DB72"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>703625.650000</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>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>PUERTO RICO GOVT</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 07/41 FIXED 4</title>
        <cusip>74514L3N5</cusip>
        <identifiers>
          <isin value="US74514L3N58"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1344717.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>WAXAHACHIE INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>WAXAHACHIE TX INDEP SCH DIST WAXAHACHIE ISD</title>
        <cusip>944097A61</cusip>
        <identifiers>
          <isin value="US944097A614"/>
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        <balance>6500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6056321.700000</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>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF SAN ANTONIO TX ELECTRIC &amp; GAS SYSTEMS REVENUE</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
        <title>SAN ANTONIO TX ELEC   GAS REVE SANUTL 02/49 FIXED 5.25</title>
        <cusip>79625GKN2</cusip>
        <identifiers>
          <isin value="US79625GKN24"/>
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        <balance>16215000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17142483.410000</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>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>MISSISSIPPI DEVELOPMENT BANK</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI DEV BK SPL OBLIG MSSDEV 10/34 FIXED 4</title>
        <cusip>60534XLS3</cusip>
        <identifiers>
          <isin value="US60534XLS35"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>463322.600000</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>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/40 FIXED 4</title>
        <cusip>45204FHJ7</cusip>
        <identifiers>
          <isin value="US45204FHJ75"/>
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        <balance>2830000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2617196.170000</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>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CITY OF SALT LAKE CITY UT AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SALT LAKE CITY UT ARPT REVENUE SALAPT 07/51 FIXED 5</title>
        <cusip>795576KC0</cusip>
        <identifiers>
          <isin value="US795576KC03"/>
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        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10088442.000000</valUSD>
        <pctVal>0.175426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</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>HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION</name>
        <lei>N/A</lei>
        <title>HAMPTON ROADS VA TRANSPRTN ACC HRDTRN 07/57 FIXED OID 4</title>
        <cusip>409328BT7</cusip>
        <identifiers>
          <isin value="US409328BT79"/>
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        <balance>13000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11879268.700000</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>2057-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR 07/36 5.75</title>
        <cusip>74526YEV3</cusip>
        <identifiers>
          <isin value="US74526YEV39"/>
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        <balance>23620000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16002550.000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/55 FIXED OID 5.25</title>
        <cusip>57585BKJ6</cusip>
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          <isin value="US57585BKJ60"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5943048.000000</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>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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        <name>EDGEWATER WEST COMMUNITY DEVELOPMENT DISTRICT</name>
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        <cusip>28035BAC9</cusip>
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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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        <name>FHLMC MULTIFAMILY VRD CERTIFICATES</name>
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        <title>FEDERAL HOME LOAN MTGE CORP MF FEDMFH 06/42 ADJUSTABLE VAR</title>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01</name>
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        <title>AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 FIXED 7.12</title>
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          <isin value="US00826SAF74"/>
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        <balance>6075000.000000</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>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12</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>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
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        <title>BRAZORIA CNTY TX INDL DEV CORP BZIFAC 06/43 FIXED 12</title>
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          <isin value="US10604PAF09"/>
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        <balance>8691447.740000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999032.980000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>12</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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        <name>LOUISIANA STADIUM AND EXPOSITION DISTRICT</name>
        <lei>5493000QEHWDGVGH7J62</lei>
        <title>LOUISIANA STADIUM   EXPOSITION LASFAC 07/42 FIXED 5</title>
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          <isin value="US546410CV15"/>
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        <curCd>USD</curCd>
        <valUSD>2685275.420000</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>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>
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      <invstOrSec>
        <name>NORTH CAROLINA MEDICAL CARE COMMISSION</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>NORTH CAROLINA ST MED CARE COM NCSMED 03/30 FIXED 4</title>
        <cusip>65821DYC9</cusip>
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          <isin value="US65821DYC90"/>
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        <balance>285000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>287769.060000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 12/50 ADJUSTABLE VAR</title>
        <cusip>46246SAV7</cusip>
        <identifiers>
          <isin value="US46246SAV79"/>
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        <balance>2400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2764786.320000</valUSD>
        <pctVal>0.0480763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Variable</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>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/36 FIXED OID 4</title>
        <cusip>45204FP90</cusip>
        <identifiers>
          <isin value="US45204FP903"/>
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        <balance>505000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505613.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>BASELINE METROPOLITAN DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>BASELINE METROPOLITAN DISTRICT 12/54 6.75</title>
        <cusip>069826AY1</cusip>
        <identifiers>
          <isin value="US069826AY15"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1521763.050000</valUSD>
        <pctVal>0.0264616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI HLTHCARE FA PUBMEC 07/39 FIXED 5</title>
        <cusip>74444KBU7</cusip>
        <identifiers>
          <isin value="US74444KBU79"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>503214.500000</valUSD>
        <pctVal>0.0087503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</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>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 06/65 ZEROCPNOID 0</title>
        <cusip>59447TM26</cusip>
        <identifiers>
          <isin value="US59447TM263"/>
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        <balance>55000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5436409.000000</valUSD>
        <pctVal>0.0945326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>STATE OF ILLINOIS SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST SALES TAX REVENUE ILSGEN 06/33 FIXED 3</title>
        <cusip>452227KE0</cusip>
        <identifiers>
          <isin value="US452227KE02"/>
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        <balance>2785000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2627303.550000</valUSD>
        <pctVal>0.0456857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3</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>GRAND PARKWAY TRANSPORTATION CORPORATION</name>
        <lei>N/A</lei>
        <title>GRAND PARKWAY TRANSPRTN CORP T GPTTRN 10/49 FIXED 4</title>
        <cusip>38611TCC9</cusip>
        <identifiers>
          <isin value="US38611TCC99"/>
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        <balance>14235000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12699540.300000</valUSD>
        <pctVal>0.22083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH SPL REVEN NFAGEN 06/39 FIXED 5.625</title>
        <cusip>63608TAY6</cusip>
        <identifiers>
          <isin value="US63608TAY64"/>
        </identifiers>
        <balance>5200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5229844.880000</valUSD>
        <pctVal>0.0909407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 3.625</title>
        <cusip>129729AC3</cusip>
        <identifiers>
          <isin value="US129729AC37"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6800339.700000</valUSD>
        <pctVal>0.11825</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>3.625</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF FORT WORTH TX WATER &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>FORT WORTH TX WTR   SWR REVENU FTWUTL 02/53 FIXED 4.25</title>
        <cusip>349515W28</cusip>
        <identifiers>
          <isin value="US349515W289"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1927029.400000</valUSD>
        <pctVal>0.0335087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</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>ULSTER COUNTY CAPITAL RESOURCE CORP</name>
        <lei>N/A</lei>
        <title>ULSTER CNTY NY CAPITAL RESOURC ULSGEN 09/47 FIXED 5.25</title>
        <cusip>903768AF6</cusip>
        <identifiers>
          <isin value="US903768AF67"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>818946.100000</valUSD>
        <pctVal>0.0142405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>TARRANT CNTY TX CULTURAL EDU F TAREDU 11/52 FIXED OID 6.75</title>
        <cusip>87638RJE8</cusip>
        <identifiers>
          <isin value="US87638RJE80"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3020520.600000</valUSD>
        <pctVal>0.0525232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75</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>V-DANA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>V DANA CDD FL SPL ASSMNT VDADEV 05/55 FIXED 5.55</title>
        <cusip>91822RAP0</cusip>
        <identifiers>
          <isin value="US91822RAP01"/>
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        <balance>1250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1235778.500000</valUSD>
        <pctVal>0.0214887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55</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>ALLENTOWN NEIGHBORHOOD IMPROVEMENT ZONE DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ALLENTOWN PA NEIGHBORHOOD IMPT ALTDEV 05/42 FIXED 5.25</title>
        <cusip>018444CA5</cusip>
        <identifiers>
          <isin value="US018444CA51"/>
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        <balance>15855000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16197875.470000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH MUNI CTFS NFADEV 11/42 ADJUSTABLE VAR</title>
        <cusip>63607WBN3</cusip>
        <identifiers>
          <isin value="US63607WBN39"/>
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        <balance>24080567.930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22865688.830000</valUSD>
        <pctVal>0.397607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.216</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>COUNTY OF MIAMI-DADE FL TRANSIT SYSTEM</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL TRANSIT SAL MIATRN 07/51 FIXED 5</title>
        <cusip>59334PKY2</cusip>
        <identifiers>
          <isin value="US59334PKY24"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7190935.500000</valUSD>
        <pctVal>0.125042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</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>GRINDSTONE PLAZA TRANSPORTATION DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>GRINDSTONE PLAZA MO TRANSPRTN GRITRN 10/31 FIXED 5.5</title>
        <cusip>398547AC3</cusip>
        <identifiers>
          <isin value="US398547AC38"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250023.580000</valUSD>
        <pctVal>0.0043476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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        <cusip>140542BP5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY</name>
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        <cusip>70917S6Z1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE</name>
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          <isin value="US592647NF45"/>
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        <curCd>USD</curCd>
        <valUSD>10397977.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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          <isin value="US64542PBV67"/>
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        <balance>1950000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NORTHERN MICHIGAN UNIVERSITY</name>
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        <cusip>665398PQ0</cusip>
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          <isin value="US665398PQ03"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
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        <cusip>64613CCL0</cusip>
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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>
          <annualizedRt>5.5</annualizedRt>
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      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
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        <cusip>84136FAV9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <cusip>8371514F3</cusip>
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          <isin value="US8371514F31"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED 7</title>
        <cusip>64542PCP8</cusip>
        <identifiers>
          <isin value="US64542PCP80"/>
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        <balance>1450000.000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CROWFOOT VALLEY RANCH METROPOLITAN DISTRICT NO 2</name>
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        <cusip>22802CAX5</cusip>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TURNPIKE SYSTEM REVENUE</name>
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        <cusip>343137UQ6</cusip>
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        <name>WISCONSIN CENTER DISTRICT</name>
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        <name>CITY OF LAREDO TX WATERWORKS &amp; SEWER SYSTEM REVENUE</name>
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        <name>BLUEHOUSE COMMONS APARTMENTS - IMPACT FUND LIHTC PORTFOLIO</name>
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        <title>BLUEHOUSE COMMONS APARTMENTS FIXED TERM LOAN</title>
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        <name>STATE OF LOUISIANA GASOLINE &amp; FUELS TAX REVENUE</name>
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        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</name>
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        <name>METROPOLITAN GOVERNMENT NASHVILLE &amp; DAVIDSON COUNTY SPORTS AUTHORITY</name>
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        <name>FREDDIE MAC MULTIFAMILY 2024-ML26</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>POMPANO BEACH CITY OF</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>ELBERT COUNTY INDEPENDENCE WATER &amp; SANITATION DISTRICT</name>
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          <isin value="US45380AAB89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116CK07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>REFLECTION BAY COMMUNITY DEVELOPMENT DISTRICT</name>
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        <cusip>75865NAD7</cusip>
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          <isin value="US75865NAD75"/>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1212290.760000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</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>OCHSNER LSU HEALTH SYSTEM OF NORTH LOUISIANA</name>
        <lei>N/A</lei>
        <title>OCHSNER LSU HEALTH SYST SECURED 05/31 2.51</title>
        <cusip>67555JAA4</cusip>
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          <isin value="US67555JAA43"/>
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        <balance>15168000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12759482.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51</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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        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
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        <cusip>24880GAP4</cusip>
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          <isin value="US24880GAP46"/>
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        <balance>650000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>656234.870000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <cusip>12008ETK2</cusip>
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          <isin value="US12008ETK28"/>
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        <balance>1250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1228423.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.75</annualizedRt>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <curCd>USD</curCd>
        <valUSD>2594169.760000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5</annualizedRt>
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        <name>AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>8325003.700000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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        <name>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY</name>
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        <curCd>USD</curCd>
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        <name>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>MASSACHUSETTS STATE</name>
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        <balance>5500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5774664.500000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>NEW YORK POWER AUTHORITY</name>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5181026.500000</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>2053-11-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH NY BRIDGE   TUNNEL TRBGEN 12/44 FIXED 5</title>
        <cusip>896032AV1</cusip>
        <identifiers>
          <isin value="US896032AV14"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2108548.400000</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>2044-12-01</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>
      <invstOrSec>
        <name>CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE HOUAPT 07/34 FIXED 5.25</title>
        <cusip>442349HU3</cusip>
        <identifiers>
          <isin value="US442349HU35"/>
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        <balance>8700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9323171.430000</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>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF RENO NV</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0</title>
        <cusip>759861EK9</cusip>
        <identifiers>
          <isin value="US759861EK92"/>
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        <balance>13000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1521157.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH ST PERSO NYSGEN 03/40 FIXED 4</title>
        <cusip>64990KFU2</cusip>
        <identifiers>
          <isin value="US64990KFU25"/>
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        <balance>510000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>553671.710000</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>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>GUAM DEPARTMENT OF EDUCATION</name>
        <lei>N/A</lei>
        <title>GUAM GOVT DEPT OF EDU COPS GMSEDU 02/40 FIXED 5</title>
        <cusip>40065AAH8</cusip>
        <identifiers>
          <isin value="US40065AAH86"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1495927.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</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>
      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMNTY CHOICE FING A CCEDEV 05/54 ADJUSTABLE VAR</title>
        <cusip>13013JDR4</cusip>
        <identifiers>
          <isin value="US13013JDR41"/>
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        <balance>18800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20331901.080000</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>2054-05-01</maturityDt>
          <couponKind>Variable</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>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6105 FR 12/40 FIXED 3.6</title>
        <cusip>3132YBYA8</cusip>
        <identifiers>
          <isin value="US3132YBYA85"/>
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        <balance>5604813.940000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5143635.500000</valUSD>
        <pctVal>0.0894416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6</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>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>BALDWIN CNTY AL INDL DEV AUTH BLWPOL 06/55 ADJUSTABLE VAR</title>
        <cusip>05786PAB9</cusip>
        <identifiers>
          <isin value="US05786PAB94"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6017994.000000</valUSD>
        <pctVal>0.104646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.625</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>OKLAHOMA TURNPIKE AUTHORITY</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>OKLAHOMA ST TURNPIKE AUTH OKSTRN 01/53 FIXED 5.5</title>
        <cusip>679111D27</cusip>
        <identifiers>
          <isin value="US679111D279"/>
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        <balance>2750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2912784.050000</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>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/55 ADJUSTABLE VAR</title>
        <cusip>13013JGR1</cusip>
        <identifiers>
          <isin value="US13013JGR14"/>
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        <balance>14700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15820695.660000</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>2055-10-01</maturityDt>
          <couponKind>Variable</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>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL SENIOR LI CPTMED 07/53 FIXED OID 7.5</title>
        <cusip>140542BV2</cusip>
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          <isin value="US140542BV27"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22500.000000</valUSD>
        <pctVal>0.0003912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.329</title>
        <cusip>74529JRJ6</cusip>
        <identifiers>
          <isin value="US74529JRJ69"/>
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        <balance>16030000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15355255.620000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.329</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>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/59 INTERAPREC VAR</title>
        <cusip>04052TDE2</cusip>
        <identifiers>
          <isin value="US04052TDE29"/>
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        <balance>7129884.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3888848.350000</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>2059-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>N/A</lei>
        <title>CHARLOTTE CNTY FL INDL DEV AUT CHAUTL 10/55 FIXED 6.125</title>
        <cusip>16080TAL9</cusip>
        <identifiers>
          <isin value="US16080TAL98"/>
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        <balance>6550000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6759402.850000</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>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125</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>TRANSPORT METROPOLITAN DISTRICT NO 3</name>
        <lei>N/A</lei>
        <title>TRANSPORT MET DIST  3 CO TMDDEV 12/51 FIXED 5</title>
        <cusip>89386FAC7</cusip>
        <identifiers>
          <isin value="US89386FAC77"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1526207.200000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <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>MAIN STREET NATURAL GAS INC</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STREET NATURAL GAS INC GA MAIUTL 05/55 ADJUSTABLE VAR</title>
        <cusip>56035DJJ2</cusip>
        <identifiers>
          <isin value="US56035DJJ28"/>
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        <balance>2900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3172166.160000</valUSD>
        <pctVal>0.0551602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Variable</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>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL REVENUE 01/60  0</title>
        <cusip>14052WDH7</cusip>
        <identifiers>
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        <balance>22070000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1910474.100000</valUSD>
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        <lei>N/A</lei>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANA FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HIGHLANDS COUNTY HEALTH FACILITIES AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <balance>3000000.000000</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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          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK COUNTIES TOBACCO TRUST V</name>
        <lei>N/A</lei>
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        <identifiers>
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        <balance>210000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8489544.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ALABAMA SPECIAL CARE FACILITIES FINANCING AUTHORITY-BIRMINGHAM AL</name>
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        <name>LANCASTER MUNICIPAL AUTHORITY</name>
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        <name>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AUTHORITY</name>
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        <name>PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <invCountry>US</invCountry>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST HLTH   EDUCTNL RISMED 05/38 FIXED 5</title>
        <cusip>762244MA6</cusip>
        <identifiers>
          <isin value="US762244MA62"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1071032.600000</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>2038-05-15</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>
      <invstOrSec>
        <name>LENEXA KANS HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>LENEXA KS TAX INCR SPL OBLG LENGEN 04/27 FIXED 6</title>
        <cusip>52605NBG3</cusip>
        <identifiers>
          <isin value="US52605NBG34"/>
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        <balance>3143166.500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>282884.990000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>TAMPA HEALTH SYSTEMS</name>
        <lei>N/A</lei>
        <title>TAMPA FL CAPITAL IMPT CIGARETT TAMGEN 09/45 ZEROCPNOID 0</title>
        <cusip>875146BB7</cusip>
        <identifiers>
          <isin value="US875146BB71"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>362226.500000</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>2045-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>
      <invstOrSec>
        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COSMED 11/43 FIXED 4</title>
        <cusip>19648FJE5</cusip>
        <identifiers>
          <isin value="US19648FJE51"/>
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        <balance>8935000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8164634.130000</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>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GEORGIA MELPWR 01/63 FIXED 5</title>
        <cusip>626207Z72</cusip>
        <identifiers>
          <isin value="US626207Z728"/>
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        <balance>3340000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3332297.960000</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>2063-01-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTY OF CUYAHOGA OH</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/57 FIXED OID 5</title>
        <cusip>2322655W4</cusip>
        <identifiers>
          <isin value="US2322655W46"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4549596.500000</valUSD>
        <pctVal>0.079112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-15</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>
      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>STATE OF ILLINOIS ILS 02/36 FIXED 5</title>
        <cusip>452153KV0</cusip>
        <identifiers>
          <isin value="US452153KV09"/>
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        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13270543.200000</valUSD>
        <pctVal>0.230759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</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>COUNTY OF LEE FL AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>LEE CNTY FL ARPT REVENUE LEEAPT 10/44 FIXED 5.25</title>
        <cusip>523470HV7</cusip>
        <identifiers>
          <isin value="US523470HV73"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4690249.650000</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>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>THE ATLANTA DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ATLANTA GA DEV AUTH ATLDEV 12/48 INT APROID VAR</title>
        <cusip>04780NMY0</cusip>
        <identifiers>
          <isin value="US04780NMY03"/>
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        <balance>16100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14142048.410000</valUSD>
        <pctVal>0.245913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</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>MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST TOBACCO SETTLEMENT MISGEN 06/46 ZEROCPNOID 0</title>
        <cusip>594751AL3</cusip>
        <identifiers>
          <isin value="US594751AL32"/>
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        <balance>78000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10384826.400000</valUSD>
        <pctVal>0.18058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED 5</title>
        <cusip>64542PAW5</cusip>
        <identifiers>
          <isin value="US64542PAW59"/>
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        <balance>9370000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8456425.000000</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>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>Y</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>GAS WORX COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>GAS WORX CDD FL SPL ASSMNT GSWGEN 05/57 FIXED 6</title>
        <cusip>367200AD4</cusip>
        <identifiers>
          <isin value="US367200AD48"/>
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        <balance>2400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2431862.400000</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>2057-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS WATER DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>TEXAS WTR DEV BRD REVENUE TXSWTR 10/58 FIXED 5</title>
        <cusip>88285ADU9</cusip>
        <identifiers>
          <isin value="US88285ADU97"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4667719.950000</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>2058-10-15</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>
      <invstOrSec>
        <name>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE</name>
        <lei>N/A</lei>
        <title>WASHINGTON DC MET AREA TRANSIT DCTTRN 07/50 FIXED 5.25</title>
        <cusip>93878YEA3</cusip>
        <identifiers>
          <isin value="US93878YEA38"/>
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        <balance>8675000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9199516.530000</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>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF CINCINNATI</name>
        <lei>549300E0RD3ICJ858L23</lei>
        <title>UNIV OF CINCINNATI OH RECPTS UCOHGR 06/43 FIXED 5.25</title>
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          <isin value="US9141197J52"/>
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        <balance>3250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3491539.680000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/42 FIXED 5.25</title>
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        <identifiers>
          <isin value="US1675934E92"/>
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        <balance>1470000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1560068.080000</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>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASMED 06/44 FIXED 5</title>
        <cusip>928105CL7</cusip>
        <identifiers>
          <isin value="US928105CL74"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2567120.750000</valUSD>
        <pctVal>0.0446391</pctVal>
        <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>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>INDIANAPOLIS IN LOCAL PUBLIC I 02/48 6</title>
        <cusip>45528U7V7</cusip>
        <identifiers>
          <isin value="US45528U7V77"/>
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        <balance>7000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7785729.000000</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>2048-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
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          <isin value="US74444UAC62"/>
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        <balance>4750000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW ORLEANS AVIATION BOARD</name>
        <lei>N/A</lei>
        <title>NEW ORLEANS LA AVIATION BRD NEWTRN 01/39 FIXED 5</title>
        <cusip>64763HML6</cusip>
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          <isin value="US64763HML68"/>
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        <balance>8000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8438823.200000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDAHO HOUSING AND FINANCE ASSOCIATION</name>
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        <title>IDAHO ST HSG   FIN ASSN SF MTG IDSSFH 01/54 FIXED 4.65</title>
        <cusip>45129Y5J1</cusip>
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          <isin value="US45129Y5J17"/>
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        <balance>4175000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4151655.070000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <title>CALIFORNIA HSG FIN AGY LTD OBL CA HSG FIN AGY H</title>
        <cusip>13034DAF1</cusip>
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          <isin value="US13034DAF15"/>
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        <balance>15500000.000000</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>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.97</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <title>NEW YORK ST DORM AUTH SALES TA NYSHGR 03/52 FIXED 5</title>
        <cusip>64990AUG8</cusip>
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          <isin value="US64990AUG83"/>
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        <balance>5615000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5806507.440000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CITY OF RENO NV</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0</title>
        <cusip>759861EJ2</cusip>
        <identifiers>
          <isin value="US759861EJ20"/>
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        <balance>26000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4089108.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PINE GROVE POWERS AVENUE - IMPACT FUND LIHTC PORTFOLIO</name>
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        <title>PINE GROVE POWERS AVENUE FIXED TERM LOAN</title>
        <cusip>BA000DPP6</cusip>
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          <other otherDesc="Internal ID" value="WHLNSR9P2"/>
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        <balance>17808530.420000</balance>
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        <curCd>USD</curCd>
        <valUSD>17375783.130000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE5042 FR 06/43 FIXED 3.6</title>
        <cusip>3132YAS74</cusip>
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          <isin value="US3132YAS740"/>
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        <balance>9437590.270000</balance>
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        <curCd>USD</curCd>
        <valUSD>8572475.630000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6</annualizedRt>
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      <invstOrSec>
        <name>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>N/A</lei>
        <title>CHARLOTTE CNTY FL INDL DEV AUT CHAUTL 10/45 FIXED 5.875</title>
        <cusip>16080TAK1</cusip>
        <identifiers>
          <isin value="US16080TAK16"/>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1805216.700000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
        <lei>N/A</lei>
        <title>THE CHILDRENS TRUST FUND PR TO CHIGEN 05/57 ZEROCPNOID 0</title>
        <cusip>16876QBL2</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>5784937.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>650116HT6</cusip>
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          <isin value="US650116HT60"/>
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        <balance>33100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33745714.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA CDD FL IMPT LSADEV 05/55 FIXED OID 5.6</title>
        <cusip>51206YAT7</cusip>
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          <isin value="US51206YAT73"/>
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        <balance>685000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>670524.510000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF SALT LAKE CITY UT AIRPORT REVENUE</name>
        <lei>N/A</lei>
        <title>SALT LAKE CITY UT ARPT REVENUE SALAPT 07/48 FIXED 5</title>
        <cusip>795576HL4</cusip>
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          <isin value="US795576HL49"/>
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        <balance>3430000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3443342.010000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WILLOW BEND METROPOLITAN DISTRICT</name>
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        <title>WILLOW BEND MET DIST CO WILDEV 12/39 FIXED 5</title>
        <cusip>97111VAA1</cusip>
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          <isin value="US97111VAA17"/>
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        <curCd>USD</curCd>
        <valUSD>4733791.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0</title>
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        <balance>70794000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24174989.980000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CAL T</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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      <invstOrSec>
        <name>NEW JERSEY ST HSG &amp; MTG FIN AGY MULTI-FA</name>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>V-DANA COMMUNITY DEVELOPMENT DISTRICT</name>
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        <valUSD>894501.900000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <title>FREDDIE MAC MULTIFAMILY FRETE 2023 ML15 A</title>
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          <isin value="US3137HA4G89"/>
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        <curCd>USD</curCd>
        <valUSD>21137276.750000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <balance>3500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2937605.300000</valUSD>
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        <assetCat>DBT</assetCat>
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        <securityLending>
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        <name>SALEM HOSPITAL FACILITY AUTHORITY</name>
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        <name>MARYLAND ST ECON DEV CORP HSG DEV</name>
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        <name>VILLAGE METROPOLITAN DISTRICT/THE</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DALLAS AREA RAPID TRANSIT</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
        <title>DALLAS TX AREA RAPID TRANSIT S DALTRN 12/51 FIXED 4</title>
        <cusip>235241WS1</cusip>
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          <isin value="US235241WS11"/>
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        <curCd>USD</curCd>
        <valUSD>19024858.750000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>HENRICO COUNTY ECONOMIC DEVELO</name>
        <lei>N/A</lei>
        <title>HENRICO CNTY VA ECON DEV AUTH HENMED 11/48 FIXED 5</title>
        <cusip>42605XAB4</cusip>
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          <isin value="US42605XAB47"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>BERKS COUNTY MUNICIPAL AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>084538JJ7</cusip>
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          <isin value="US084538JJ70"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
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          <isin value="US24880GAQ29"/>
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        <curCd>USD</curCd>
        <valUSD>1023790.100000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DULUTH ECONOMIC DEVELOPMENT AUTHORITY</name>
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          <isin value="US26444CHC91"/>
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        <curCd>USD</curCd>
        <valUSD>5032127.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY 249 SYSTEM</name>
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        <cusip>88283NAS1</cusip>
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          <isin value="US88283NAS18"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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          <isin value="US1675935W81"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA SCHOOL FINANCE AUTHORITY</name>
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          <isin value="US13058TCR95"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
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          <isin value="US04108WCF77"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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        <name>PIMCO FUNDS</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <title>ARLINGTON TX HGR EDU FIN CORP ARLINGTON HGR EDU FIN</title>
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          <isin value="US041807KZ06"/>
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        <curCd>USD</curCd>
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        <name>DELAWARE STATE ECON DEV</name>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</name>
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        <name>SOUTHCENTRAL GENERAL AUTHORITY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6</title>
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        <curCd>USD</curCd>
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          <annualizedRt>6</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
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        <title>CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0</title>
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        <balance>10445000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1948841.680000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <name>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <title>SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/46 FIXED 5</title>
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        <balance>6750000.000000</balance>
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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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>NEW YORK POWER AUTHORITY</name>
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        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE THRUWAY AUTHORITY</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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      <invstOrSec>
        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <annualizedRt>5</annualizedRt>
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        <name>CONROE INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <name>MONTGOMERY ALA MED CLINIC BRD HEALTH REV</name>
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        <name>LEES SUMMIT INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>LANCASTER MUNICIPAL AUTHORITY</name>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <name>AURORA HIGHLANDS COMMUNITY AUTHORITY BOARD</name>
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        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <invCountry>US</invCountry>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTRY OF MONTGOMERY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TAMPA HEALTH SYSTEMS</name>
        <lei>N/A</lei>
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        <cusip>875146BA9</cusip>
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        <curCd>USD</curCd>
        <valUSD>436722.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED 4.55</title>
        <cusip>74529JRQ0</cusip>
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          <isin value="US74529JRQ03"/>
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        <balance>18800000.000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK STATE THRUWAY AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>650028XH1</cusip>
        <identifiers>
          <isin value="US650028XH12"/>
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        <balance>2665000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2467074.710000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT</name>
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        <cusip>702300AC8</cusip>
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          <isin value="US702300AC87"/>
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        <balance>1275000.000000</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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      <invstOrSec>
        <name>BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <balance>112600000.000000</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>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO</name>
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          <isin value="US36829QAA31"/>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</annualizedRt>
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      <invstOrSec>
        <name>COUNTY OF MIAMI-DADE SEAPORT DEPARTMENT</name>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 06/40 FIXED 5</title>
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      <invstOrSec>
        <name>FLORIDA ATLANTIC UNIVERSITY FINANCE CORP</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74442ELU2</cusip>
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          <isin value="US74442ELU28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GILBERTS SPECIAL SERVICE AREA NO 25</name>
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        <cusip>37546TAA7</cusip>
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          <isin value="US37546TAA79"/>
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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>2048-03-01</maturityDt>
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          <annualizedRt>6</annualizedRt>
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      <invstOrSec>
        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.75</annualizedRt>
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      <invstOrSec>
        <name>CITY OF CELINA TX</name>
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          <isin value="US15114CKK98"/>
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        <balance>750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>791888.630000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOLL ROAD INVESTORS PARTNERSHIP II LP</name>
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          <isin value="US88948ABM80"/>
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        <curCd>USD</curCd>
        <valUSD>7671100.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MICHIGAN UNIVERSITY</name>
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        <cusip>665398PT4</cusip>
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          <isin value="US665398PT42"/>
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        <balance>4250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4545535.230000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MELISSA INDEPENDENT SCHOOL DISTRICT</name>
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        <cusip>585488ZP7</cusip>
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          <isin value="US585488ZP78"/>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4652884.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT</name>
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          <isin value="US40834PAE25"/>
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        <balance>875000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881130.080000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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          <annualizedRt>5.85</annualizedRt>
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        <name>DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT</name>
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          <isin value="US26118TAV26"/>
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        <balance>4700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5015577.740000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74442PPS8</cusip>
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          <isin value="US74442PPS82"/>
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        <balance>43000000.000000</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>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <balance>1070000.000000</balance>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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        <name>NEW YORK POWER AUTHORITY</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <isin value="US64989KLH76"/>
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        <balance>8760000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>FINANCE AUTHORITY OF MAINE</name>
        <lei>N/A</lei>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.625</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>N/A</lei>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4094077.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>9083.630000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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      <invstOrSec>
        <name>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
        <lei>N/A</lei>
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        <cusip>16876QBM0</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2094-06-01</maturityDt>
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          <annualizedRt>6.125</annualizedRt>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GEORGIA MELPWR 01/56 FIXED 5</title>
        <cusip>626207Z56</cusip>
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          <isin value="US626207Z561"/>
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        <balance>10000000.000000</balance>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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          <annualizedRt>5.25</annualizedRt>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>SILICON VALLEY TOBACCO SECURITIZATION AUTHORITY</name>
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        <cusip>82706TAA9</cusip>
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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>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>REDEVELOPMENT AUTHORITY OF THE COUNTY OF WASHINGTON</name>
        <lei>N/A</lei>
        <title>WASHINGTON CNTY PA REDEV AUTH WASDEV 07/35 FIXED 5</title>
        <cusip>938618AD7</cusip>
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          <isin value="US938618AD75"/>
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        <balance>750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750870.150000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 07/60 FIXED OID 6</title>
        <cusip>939783W93</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW YORK COUNTIES TOBACCO TRUST V</name>
        <lei>N/A</lei>
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        <name>MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>SALEM HOSPITAL FACILITY AUTHORITY</name>
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        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <name>HOBE-ST LUCIE CONSERVANCY DISTRICT</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>NEW YORK CITY HOUSING DEVELOPMENT CORP</name>
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        <issuerCat>MUN</issuerCat>
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        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>CITY OF CELINA TX</name>
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        <name>STATE OF ILLINOIS SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST SALES TAX REVENUE ILSGEN 06/38 FIXED 5</title>
        <cusip>452227VJ7</cusip>
        <identifiers>
          <isin value="US452227VJ79"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4393753.200000</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>2038-06-15</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>
      <invstOrSec>
        <name>HERNANDO COUNTY OF</name>
        <lei>N/A</lei>
        <title>HERNANDO CNTY FL NON AD VALORE HERGEN 06/52 FIXED 5.25</title>
        <cusip>42766WAX3</cusip>
        <identifiers>
          <isin value="US42766WAX39"/>
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        <balance>3600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3735257.760000</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>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>
      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH MUNI CTFS NFADEV 01/41 ADJUSTABLE VAR</title>
        <cusip>63607WBE3</cusip>
        <identifiers>
          <isin value="US63607WBE30"/>
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        <balance>2489251.070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2273245.810000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.1679</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>FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY HOTEL PROJECT REVENUE</name>
        <lei>N/A</lei>
        <title>FRANKLIN CNTY OH CONVENTION FA FRAFAC 12/35 FIXED 5</title>
        <cusip>35317DAS4</cusip>
        <identifiers>
          <isin value="US35317DAS45"/>
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        <balance>1200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1208461.440000</valUSD>
        <pctVal>0.0210137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</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>MISSOURI STATE HEALTH AND EDUCATION</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>MISSOURI ST HLTH   EDUCTNL FAC MOSMED 02/44 FIXED 4</title>
        <cusip>60637APV8</cusip>
        <identifiers>
          <isin value="US60637APV88"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2015382.380000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NORTH AR-1 PASCO COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>NORTH AR 1 PASCO CDD FL CAPITA NPADEV 05/54 FIXED 6</title>
        <cusip>65725AAS3</cusip>
        <identifiers>
          <isin value="US65725AAS33"/>
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        <balance>1300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1320041.970000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/32 FIXED 5</title>
        <cusip>13051EAB6</cusip>
        <identifiers>
          <isin value="US13051EAB65"/>
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        <balance>1320000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1385981.780000</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>2032-01-01</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>HARDIN MONT TAX INCR INDLINFRUSTRUCTURE</name>
        <lei>N/A</lei>
        <title>HARDIN MT TAX INCR INDL INFRAS HARDEV 09/31 INT APROID VAR</title>
        <cusip>412236AA9</cusip>
        <identifiers>
          <isin value="US412236AA92"/>
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        <balance>830000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99600.000000</valUSD>
        <pctVal>0.0017319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25</annualizedRt>
          <isDefault>Y</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>GOLDEN STATE TOBACCO SECURITIZATION</name>
        <lei>N/A</lei>
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        <cusip>38122ND66</cusip>
        <identifiers>
          <isin value="US38122ND666"/>
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        <balance>3700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2746030.850000</valUSD>
        <pctVal>0.0477502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.214</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>CALIFORNIA STATEWIDE FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST STWD FING AUTH T CASGEN 05/37 FIXED OID 6</title>
        <cusip>130923AQ8</cusip>
        <identifiers>
          <isin value="US130923AQ82"/>
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        <balance>3760000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3841863.850000</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>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>ROYSE CITY INDEPENDENT SCHOOL</name>
        <lei>N/A</lei>
        <title>ROYSE CITY TX INDEP SCH DIST ROYSE ISD</title>
        <cusip>780869YU1</cusip>
        <identifiers>
          <isin value="US780869YU11"/>
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        <balance>2100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2174426.940000</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>2054-02-15</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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      <invstOrSec>
        <name>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
        <lei>N/A</lei>
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        <cusip>603827K39</cusip>
        <identifiers>
          <isin value="US603827K391"/>
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        <balance>1645000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1787790.440000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
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          <isin value="US709224P526"/>
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        <balance>6000000.000000</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>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH MUNI CTFS NFADEV 08/39 ADJUST OID VAR</title>
        <cusip>63607WAV6</cusip>
        <identifiers>
          <isin value="US63607WAV63"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WA ST HSG FIN COMM 1</title>
        <cusip>93978UAA4</cusip>
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          <isin value="US93978UAA43"/>
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        <balance>14465503.250000</balance>
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        <curCd>USD</curCd>
        <valUSD>13917547.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-20</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION</name>
        <lei>N/A</lei>
        <title>FLORIDA LOC GOVT FIN COMMISSIO FLSFAC 11/64 FIXED OID 6.875</title>
        <cusip>34077UAJ9</cusip>
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          <isin value="US34077UAJ97"/>
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        <balance>6335000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6540195.080000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</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>COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE</name>
        <lei>N/A</lei>
        <title>ALLEN CNTY OH HOSP FACS REVENU ALLMED 08/42 FIXED 5</title>
        <cusip>01757LGE0</cusip>
        <identifiers>
          <isin value="US01757LGE02"/>
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        <balance>3085000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3122906.940000</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>2042-08-01</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>LIBERTY HILL INDEPENDENT SCHOOL DISTRICT</name>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <name>TENNESSEE ENERGY ACQUISITION CORPORATION</name>
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        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <invCountry>US</invCountry>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGY SOUTHEAST A COOPERATIVE DISTRICT</name>
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        <balance>3600000.000000</balance>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>MISSOURI DEVELOPMENT FINANCE BOARD</name>
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        <name>NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK POWER AUTHORITY</name>
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        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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      <invstOrSec>
        <name>TRADITION COMMUNITY DEVELOPMENT DISTRICT NO 9</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TSASC INC NY TOB</name>
        <lei>N/A</lei>
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          <isin value="US898526FQ64"/>
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        <curCd>USD</curCd>
        <valUSD>3955796.550000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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          <isin value="US62620HJV50"/>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116DA16"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204E6F05"/>
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        <balance>4900000.000000</balance>
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        <curCd>USD</curCd>
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        <name>PUERTO RICO GOVT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>CITY OF CRANDALL TX</name>
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        <name>GEISINGER AUTH PA HEALTH SYSTEM</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>VM FUND I LLC</name>
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        <issuerCat>CORP</issuerCat>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
        <lei>549300K10X7VPG6JVX38</lei>
        <title>OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF VALPARAISO IN</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE GROVES SENIORS APARTMENTS - IMPACT FUND LIHTC PORTFOLIO</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH EXEMPT FAC INSGEN 03/39 FIXED OID 7</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>GEM CMNTY DEV DIST FLA 05/44 5.7</title>
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          <isin value="US38105CAB37"/>
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        <balance>1995000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1999637.380000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
        <lei>549300DZUU80AYOR6M80</lei>
        <title>OHIO ST AIR QUALITY DEV AUTH E OHSDEV 01/38 FIXED 4.25</title>
        <cusip>67754AAD6</cusip>
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        <balance>1075000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1069549.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COSMED 08/49 FIXED 4</title>
        <cusip>19648FKT0</cusip>
        <identifiers>
          <isin value="US19648FKT02"/>
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        <balance>5960000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5093349.840000</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>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>N TEXAS ST MUNI WTR DIST WTR S NRTWTR 09/46 FIXED 5</title>
        <cusip>662903K36</cusip>
        <identifiers>
          <isin value="US662903K364"/>
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        <balance>4505000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4744460.570000</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>2046-09-01</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>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/35 FIXED 4.125</title>
        <cusip>13034AW22</cusip>
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          <isin value="US13034AW222"/>
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        <balance>430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>411103.310000</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>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</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>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/45 FIXED 5.375</title>
        <cusip>24880GAM1</cusip>
        <identifiers>
          <isin value="US24880GAM15"/>
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        <balance>1750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1788238.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
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        <cusip>64542PCM5</cusip>
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          <isin value="US64542PCM59"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <cusip>57585BJU3</cusip>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2484606.000000</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>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/36 FIXED OID 4</title>
        <cusip>45204FP33</cusip>
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          <isin value="US45204FP333"/>
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        <balance>1995000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2037143.580000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
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          <isin value="US928105CM57"/>
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        <balance>2500000.000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5.5</title>
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          <isin value="US650116HQ22"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2524366.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHESTER COUNTY HEALTH AND EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>CHESTER CNTY PA HLTH   EDU FAC CHEMED 10/52 FIXED 5</title>
        <cusip>16557HEC5</cusip>
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          <isin value="US16557HEC51"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2506967.000000</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>2052-10-01</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>
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      <invstOrSec>
        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA CDD 2 CAPITA LSADEV 05/55 FIXED 5.7</title>
        <cusip>51207BAH2</cusip>
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          <isin value="US51207BAH24"/>
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        <balance>765000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755365.440000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <cusip>64542PCN3</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.625</annualizedRt>
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      <invstOrSec>
        <name>COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <cusip>74526YEW1</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <cusip>88285AKB3</cusip>
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        <balance>15830000.000000</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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      <invstOrSec>
        <name>CITY OF LAVON TX</name>
        <lei>N/A</lei>
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        <balance>1125000.000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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      <invstOrSec>
        <name>ULSTER COUNTY CAPITAL RESOURCE CORP</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>THE GROVES SENIORS APARTMENTS 2 - IMPACT FUND LIHTC PORTFOLIO</name>
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        <name>NORTH FORT BEND WATER AUTHORITY</name>
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        <name>ENERGY NORTHWEST</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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        <securityLending>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORPORATION</name>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <title>PUERTO RICO ELEC PWR AUTH PWR 07/30 4.625</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>DENTON INDEPENDENT SCHOOL DISTRICT</name>
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        <title>DENTON TX INDEP SCH DIST DNNSCD 08/53 FIXED 5</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/35 FIXED OID 6</title>
        <cusip>13016NBH6</cusip>
        <identifiers>
          <isin value="US13016NBH61"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250431.200000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST ECON DEV FIN AUTH KYSMED 11/36 FIXED OID 6</title>
        <cusip>49126TAW2</cusip>
        <identifiers>
          <isin value="US49126TAW27"/>
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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>
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      <invstOrSec>
        <name>MONTGOMERY ALA MED CLINIC BRD HEALTH REV</name>
        <lei>N/A</lei>
        <title>MONTGOMERY AL MED CLINIC BRD H MONMED 03/27 FIXED 5</title>
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        <identifiers>
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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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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CITY OF DALLAS HOUSING FINANCE CORPORATION</name>
        <lei>N/A</lei>
        <title>DALLAS TX HSG FIN CORP RSDL DE DALHSG 12/62 FIXED OID 6</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
        <title>MIDA CORMONT PUBLIC INFRASTRUC MCRDEV 06/55 FIXED 6.25</title>
        <cusip>59561JAA3</cusip>
        <identifiers>
          <isin value="US59561JAA34"/>
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        <balance>1700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1773146.410000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <identifiers>
          <isin value="US12008ETL01"/>
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        <balance>3250000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/27 FIXED 4.75</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <name>WYANDOTTE CNTY KANS CITY KANS UNI GOVT UTIL SYS REV</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNION COUNTY IMPROVEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>UNION CNTY NJ IMPT AUTH SOL WS UNNUTL 06/41 FIXED 8.5</title>
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        <balance>6000000.000000</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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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEWFIELD COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>NEWFIELD CDD FL SPL ASSMNT REV NFDDEV 05/56 FIXED 5.9</title>
        <cusip>65128AAD9</cusip>
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          <isin value="US65128AAD90"/>
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        <balance>2920000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2963947.460000</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>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9</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>SYRACUSE NY INDL DEV AGY CIVIC FAC REV</name>
        <lei>N/A</lei>
        <title>SYRACUSE NY INDL DEV AGY PILOT SYRDEV 01/28 FIXED 5.693</title>
        <cusip>87172NAH1</cusip>
        <identifiers>
          <isin value="US87172NAH17"/>
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        <balance>8370000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8152483.790000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.693</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/35 FIXED 4.5</title>
        <cusip>24880GAL3</cusip>
        <identifiers>
          <isin value="US24880GAL32"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023548.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>SALINAS CITY OF</name>
        <lei>549300MQT95KWXC3XG68</lei>
        <title>CITY OF SALINAS TERM LOAN 33</title>
        <cusip>948GDBII4</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNSN930"/>
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        <balance>7142000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6711711.500000</valUSD>
        <pctVal>0.116709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.02</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>SOUTHEAST ALABAMA GAS SUPPLY DISTRICT/THE</name>
        <lei>549300BL04JIB2GJZ178</lei>
        <title>S E ALABAMA ST GAS SPLY DIST G SOUUTL 06/49 ADJUSTABLE VAR</title>
        <cusip>84131TBT8</cusip>
        <identifiers>
          <isin value="US84131TBT88"/>
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        <balance>12500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13559145.000000</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>2049-06-01</maturityDt>
          <couponKind>Variable</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>TEXAS MUNICIPAL POWER AGENCY</name>
        <lei>N/A</lei>
        <title>TEXAS ST MUNI PWR AGY REVENUE TXSPWR 09/55 FIXED 5.5</title>
        <cusip>882555C94</cusip>
        <identifiers>
          <isin value="US882555C942"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3179045.400000</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>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>METROPOLITAN PIER &amp; EXPOSITION</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>MET PIER EXPOSITION AUTH IL MPNFAC 06/50 FIXED 4</title>
        <cusip>592250DN1</cusip>
        <identifiers>
          <isin value="US592250DN11"/>
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        <balance>19500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16603990.650000</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>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.4</title>
        <cusip>126292AJ0</cusip>
        <identifiers>
          <isin value="US126292AJ09"/>
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        <balance>1985000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1545152.580000</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>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4</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>PUERTO RICO GOVT</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR</title>
        <cusip>74514L4C8</cusip>
        <identifiers>
          <isin value="US74514L4C84"/>
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        <balance>79250881.200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53593408.410000</valUSD>
        <pctVal>0.931925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</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>MUNICIPALITY OF ANCHORAGE AK SOLID WASTE SERVICES REVENUE</name>
        <lei>N/A</lei>
        <title>ANCHORAGE AK SOL WST SVCS REVE ANCPOL 11/62 FIXED 5.25</title>
        <cusip>033262AW6</cusip>
        <identifiers>
          <isin value="US033262AW63"/>
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        <balance>8795000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9038803.560000</valUSD>
        <pctVal>0.157174</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>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/43 FIXED 5.25</title>
        <cusip>650116HH2</cusip>
        <identifiers>
          <isin value="US650116HH23"/>
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        <balance>3560000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3642579.180000</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>2043-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/27 FIXED 5.25</title>
        <cusip>74526YDW2</cusip>
        <identifiers>
          <isin value="US74526YDW21"/>
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        <balance>355000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240512.500000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF PRINCETON TX</name>
        <lei>N/A</lei>
        <title>PRINCETON TX SPL ASSMNT REVENU PRIGEN 09/54 FIXED OID 5.25</title>
        <cusip>742400CN2</cusip>
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          <isin value="US742400CN20"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737665.430000</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>2054-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILLINOIS ST B</title>
        <cusip>452153JW0</cusip>
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          <isin value="US452153JW01"/>
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        <curCd>USD</curCd>
        <valUSD>5338420.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMPIRE STATE DEVELOPMENT CORPORATION</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV CORP SAL 03/53 5</title>
        <cusip>64985TEV9</cusip>
        <identifiers>
          <isin value="US64985TEV98"/>
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        <balance>14500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14982890.600000</valUSD>
        <pctVal>0.260535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-15</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>
      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/59 FIXED 5.125</title>
        <cusip>04052TDD4</cusip>
        <identifiers>
          <isin value="US04052TDD46"/>
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        <balance>4974385.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3875832.370000</valUSD>
        <pctVal>0.0673961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</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>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>LTC RANCH WEST RSDL CMNTY DEV LTC RANCH W CDD AA4</title>
        <cusip>50218SAN1</cusip>
        <identifiers>
          <isin value="US50218SAN18"/>
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        <balance>530000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516630.110000</valUSD>
        <pctVal>0.0089836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/35 ZEROCPNOID 0</title>
        <cusip>13034AG87</cusip>
        <identifiers>
          <isin value="US13034AG878"/>
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        <balance>1255000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741806.150000</valUSD>
        <pctVal>0.0128991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</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 GOSHEN IN</name>
        <lei>N/A</lei>
        <title>GOSHEN IN MF HSG REVENUE GOSMFH 08/41 FIXED 5</title>
        <cusip>38327MAA5</cusip>
        <identifiers>
          <isin value="US38327MAA53"/>
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        <balance>4055000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3403314.460000</valUSD>
        <pctVal>0.0591795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/44 FIXED OID 5.125</title>
        <cusip>15114CJT2</cusip>
        <identifiers>
          <isin value="US15114CJT27"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1445821.950000</valUSD>
        <pctVal>0.0251411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 07/49 FIXED OID 5.25</title>
        <cusip>70869PPB7</cusip>
        <identifiers>
          <isin value="US70869PPB75"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1993748.000000</valUSD>
        <pctVal>0.0346689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>GOLDEN STATE TOBACCO SECURITIZATION</name>
        <lei>N/A</lei>
        <title>GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/51 FIXED 5</title>
        <cusip>38122ND90</cusip>
        <identifiers>
          <isin value="US38122ND906"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2961345.600000</valUSD>
        <pctVal>0.0514942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>BLACK BELT ENERGY GAS DISTRICT</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DIST AL BBEUTL 03/55 ADJUSTABLE VAR</title>
        <cusip>09182TEN3</cusip>
        <identifiers>
          <isin value="US09182TEN37"/>
        </identifiers>
        <balance>22300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24333893.800000</valUSD>
        <pctVal>0.423137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</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>METROPOLITAN PIER &amp; EXPOSITION</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>MET PIER EXPOSITION AUTH IL MPNFAC 12/37 ZEROCPNOID 0</title>
        <cusip>592247L32</cusip>
        <identifiers>
          <isin value="US592247L328"/>
        </identifiers>
        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989566.500000</valUSD>
        <pctVal>0.051985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</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>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 11/43 FIXED 4</title>
        <cusip>64971XWK0</cusip>
        <identifiers>
          <isin value="US64971XWK08"/>
        </identifiers>
        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3820525.600000</valUSD>
        <pctVal>0.0664344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN HLTH EDL FACS AUTH S WISMED 07/43 FIXED OID 4.5</title>
        <cusip>97671VBG9</cusip>
        <identifiers>
          <isin value="US97671VBG95"/>
        </identifiers>
        <balance>2350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2002065.350000</valUSD>
        <pctVal>0.0348135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 12/50 ADJUSTABLE VAR</title>
        <cusip>46246SAW5</cusip>
        <identifiers>
          <isin value="US46246SAW52"/>
        </identifiers>
        <balance>2850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3098331.050000</valUSD>
        <pctVal>0.0538763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4</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 CROSSING METROPOLITAN DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>COLORADO CROSSING MET DIST  2 CCRGEN 12/47 FIXED 5</title>
        <cusip>19645YAB2</cusip>
        <identifiers>
          <isin value="US19645YAB20"/>
        </identifiers>
        <balance>6300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5958525.510000</valUSD>
        <pctVal>0.103612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</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>NEWPORT ISLES COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>NEWPORT ISLES CDD FL SPL ASSMN NWIDEV 05/54 FIXED OID 5.2</title>
        <cusip>651890AC9</cusip>
        <identifiers>
          <isin value="US651890AC90"/>
        </identifiers>
        <balance>2535000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2422818.390000</valUSD>
        <pctVal>0.0421299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2</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 WHITING INDIANA</name>
        <lei>N/A</lei>
        <title>WHITING IN ENVRNMNTL FACS REVE WHGFAC 03/46 ADJUSTABLE VAR</title>
        <cusip>96634RAX0</cusip>
        <identifiers>
          <isin value="US96634RAX08"/>
        </identifiers>
        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5334879.000000</valUSD>
        <pctVal>0.0927671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.4</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>PENNSYLVANIA HOUSING FINANCE AGENCY</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>PENNSYLVANIA ST HSG FIN AGY SF PASSFH 10/54 FIXED 6</title>
        <cusip>70879QWN9</cusip>
        <identifiers>
          <isin value="US70879QWN95"/>
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        <balance>6260000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6811169.840000</valUSD>
        <pctVal>0.118438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AUTHORITY</name>
        <lei>549300MSZIULDEAC1046</lei>
        <title>LEWISTOWN COMMERCE CENTER VA C LEWDEV 03/54 FIXED 6.05</title>
        <cusip>528734AK2</cusip>
        <identifiers>
          <isin value="US528734AK25"/>
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        <balance>584000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262800.000000</valUSD>
        <pctVal>0.0045698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERMONT ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>VERMONT ST ECON DEV AUTH SOLID VTSPOL 06/52 ADJUSTABLE VAR</title>
        <cusip>924157AD2</cusip>
        <identifiers>
          <isin value="US924157AD23"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1992657.200000</valUSD>
        <pctVal>0.0346499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.375</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>CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>CLUB MUNI MGMT DIST  1 TX SPL CLBGEN 09/44 FIXED 5.1</title>
        <cusip>18948PAJ0</cusip>
        <identifiers>
          <isin value="US18948PAJ03"/>
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        <balance>650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>636648.290000</valUSD>
        <pctVal>0.0110705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.1</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>FREDDIE MAC MULTIFAMILY 2024-ML25</name>
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        <curCd>USD</curCd>
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        <name>VIRGINIA HOUSING DEVELOPMENT AUTHORITY</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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          <couponKind>None</couponKind>
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        <name>WASHINGTON HEALTH CARE FACILITIES AUTHORITY</name>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>FREDDIE MAC MULTIFAMILY 2024-ML27</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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      <invstOrSec>
        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 07/64 FIXED 7</title>
        <cusip>93978LJR8</cusip>
        <identifiers>
          <isin value="US93978LJR87"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2260117.640000</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>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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 CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A SC PUB SVC AUTH A</title>
        <cusip>8371514E6</cusip>
        <identifiers>
          <isin value="US8371514E65"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4703246.550000</valUSD>
        <pctVal>0.0817838</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A</title>
        <cusip>45471FAZ4</cusip>
        <identifiers>
          <isin value="US45471FAZ45"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1506844.200000</valUSD>
        <pctVal>0.0262022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 11/41 ADJUSTABLE VAR</title>
        <cusip>93978UDU7</cusip>
        <identifiers>
          <isin value="US93978UDU79"/>
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        <balance>6395239.780000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5903522.580000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.078</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>VIRGINIA BEACH DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>VIRGINIA BEACH VA DEV AUTH RSD VBHDEV 09/59 FIXED 7</title>
        <cusip>92774NBC3</cusip>
        <identifiers>
          <isin value="US92774NBC39"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4362822.000000</valUSD>
        <pctVal>0.0758642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 12/43 FIXED 5</title>
        <cusip>13048VBY3</cusip>
        <identifiers>
          <isin value="US13048VBY39"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4507027.650000</valUSD>
        <pctVal>0.0783718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</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>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST MAS 05/41 FIXED 4</title>
        <cusip>57582RSL1</cusip>
        <identifiers>
          <isin value="US57582RSL14"/>
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        <balance>9305000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9060588.360000</valUSD>
        <pctVal>0.157553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA CDD 2 CAPITA LSADEV 05/45 FIXED 5.5</title>
        <cusip>51207BAG4</cusip>
        <identifiers>
          <isin value="US51207BAG41"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397816.080000</valUSD>
        <pctVal>0.0069175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/40 FIXED 5.25</title>
        <cusip>1675935Y4</cusip>
        <identifiers>
          <isin value="US1675935Y48"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1625728.050000</valUSD>
        <pctVal>0.0282695</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>5.25</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>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 12/54 FIXED 5</title>
        <cusip>13048VVB1</cusip>
        <identifiers>
          <isin value="US13048VVB16"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>936910.500000</valUSD>
        <pctVal>0.0162917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</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>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH ST 03/54 4</title>
        <cusip>64990F6W9</cusip>
        <identifiers>
          <isin value="US64990F6W92"/>
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        <balance>3555000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3245951.050000</valUSD>
        <pctVal>0.0564432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>BELLA COLLINA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>BELLA COLLINA CDD FL SPL ASSMN BCODEV 05/55 FIXED 5.3</title>
        <cusip>07819AAC7</cusip>
        <identifiers>
          <isin value="US07819AAC71"/>
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        <balance>915000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>897665.510000</valUSD>
        <pctVal>0.0156093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3</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 YORK COUNTIES TOBACCO TRUST IV</name>
        <lei>N/A</lei>
        <title>NEW YORK CNTYS NY TOBACCO TRUS NYSGEN 06/50 ZEROCPNOID 0</title>
        <cusip>62947YAH4</cusip>
        <identifiers>
          <isin value="US62947YAH45"/>
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        <balance>43000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9047475.200000</valUSD>
        <pctVal>0.157325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/55 FIXED 5</title>
        <cusip>13034AW30</cusip>
        <identifiers>
          <isin value="US13034AW305"/>
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        <balance>960000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>822953.380000</valUSD>
        <pctVal>0.0143102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</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>HARRIS CNTY TEX</name>
        <lei>549300G9BRP25M0W1S40</lei>
        <title>HARRIS CNTY TX HAR 09/49 FIXED OID 4</title>
        <cusip>4140054E5</cusip>
        <identifiers>
          <isin value="US4140054E56"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4693143.500000</valUSD>
        <pctVal>0.0816081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST MAS 08/48 FIXED 5</title>
        <cusip>57582TFE7</cusip>
        <identifiers>
          <isin value="US57582TFE73"/>
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        <balance>17000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17939124.200000</valUSD>
        <pctVal>0.31194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</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>
      <invstOrSec>
        <name>NEZ PERCE CNTY IDAHO POLLUTION CTL REV</name>
        <lei>N/A</lei>
        <title>NEZ PERCE CNTY ID ANNUAL APPRO NEZCTF 03/52 FIXED OID 5</title>
        <cusip>65344YAN3</cusip>
        <identifiers>
          <isin value="US65344YAN31"/>
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        <balance>2750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2800411.630000</valUSD>
        <pctVal>0.0486958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 12/32 FIXED 5</title>
        <cusip>70868YAG4</cusip>
        <identifiers>
          <isin value="US70868YAG44"/>
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        <balance>3070000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3373281.000000</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>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PIONEER RANCH COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>PIONEER RANCH CDD FL SPL ASSMN PITDEV 05/55 FIXED 5.3</title>
        <cusip>723846AC5</cusip>
        <identifiers>
          <isin value="US723846AC50"/>
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        <balance>980000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>927019.440000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3</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>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/56 FIXED 5</title>
        <cusip>13034AQ86</cusip>
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          <isin value="US13034AQ869"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1880021.440000</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>2056-01-01</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>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSPRTN TRUST NJSTRN 06/40 FIXED OID 4.25</title>
        <cusip>64613CCU0</cusip>
        <identifiers>
          <isin value="US64613CCU09"/>
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        <balance>10500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10500268.800000</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>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCHOOL FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH CHR CASSCD 06/51 FIXED 5</title>
        <cusip>13058TDR8</cusip>
        <identifiers>
          <isin value="US13058TDR86"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600000.000000</valUSD>
        <pctVal>0.0104333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>Y</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>PUTNAM COUNTY DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>PUTNAM CNTY FL DEV AUTH PUTPOL 03/42 FIXED 5</title>
        <cusip>746507AV4</cusip>
        <identifiers>
          <isin value="US746507AV41"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7099602.300000</valUSD>
        <pctVal>0.123454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>COLORADO STATE</name>
        <lei>N/A</lei>
        <title>COLORADO ST COPS COSCTF 11/43 FIXED 5</title>
        <cusip>196711VS1</cusip>
        <identifiers>
          <isin value="US196711VS17"/>
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        <balance>1300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1381300.050000</valUSD>
        <pctVal>0.0240191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>OHIO HOUSING FINANCE AGENCY</name>
        <lei>549300K10X7VPG6JVX38</lei>
        <title>OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.25</title>
        <cusip>676900XX6</cusip>
        <identifiers>
          <isin value="US676900XX69"/>
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        <balance>4210000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4260107.840000</valUSD>
        <pctVal>0.0740782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>CITY OF VALPARAISO IN</name>
        <lei>N/A</lei>
        <title>VALPARAISO IN TAXABLE REVENUE VLPGEN 10/50 FIXED OID 6.25</title>
        <cusip>92031PAA2</cusip>
        <identifiers>
          <isin value="US92031PAA21"/>
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        <balance>1750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1757817.430000</valUSD>
        <pctVal>0.0305663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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 HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/36 FIXED OID 5.25</title>
        <cusip>64542PCK9</cusip>
        <identifiers>
          <isin value="US64542PCK93"/>
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        <balance>400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200000.000000</valUSD>
        <pctVal>0.0034778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHICAGO A AMT  REV</title>
        <cusip>1675934N9</cusip>
        <identifiers>
          <isin value="US1675934N91"/>
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        <balance>2450000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2591260.390000</valUSD>
        <pctVal>0.0450589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 03/48 FIXED 5</title>
        <cusip>74443DDS7</cusip>
        <identifiers>
          <isin value="US74443DDS71"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4193744.000000</valUSD>
        <pctVal>0.0729242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</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>NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>N TEXAS ST MUNI WTR DIST WTR S NRTWTR 09/45 FIXED 5</title>
        <cusip>662903K28</cusip>
        <identifiers>
          <isin value="US662903K281"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5286672.000000</valUSD>
        <pctVal>0.0919289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</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>EDGEWATER WEST COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>EDGEWATER WEST CDD FL SPL ASSM EDWDEV 05/44 FIXED 5.25</title>
        <cusip>28035BAB1</cusip>
        <identifiers>
          <isin value="US28035BAB18"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>483585.850000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>COLUMBUS REGIONAL AIRPORT AUTHORITY</name>
        <lei>N/A</lei>
        <title>COLUMBUS OH REGL ARPT AUTH REV COLAPT 01/37 FIXED 5</title>
        <cusip>199546CT7</cusip>
        <identifiers>
          <isin value="US199546CT71"/>
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        <balance>6500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7029213.100000</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>2037-01-01</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>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 08/42 FIXED 4.75</title>
        <cusip>46246SAE5</cusip>
        <identifiers>
          <isin value="US46246SAE54"/>
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        <balance>6200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6139076.940000</valUSD>
        <pctVal>0.106751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</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>CITY OF PILOT POINT TX</name>
        <lei>N/A</lei>
        <title>PILOT POINT TX SPL ASSMNT REVE PILGEN 09/55 FIXED 6.375</title>
        <cusip>721614AY1</cusip>
        <identifiers>
          <isin value="US721614AY17"/>
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        <balance>1300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1328001.610000</valUSD>
        <pctVal>0.0230924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375</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>UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>PENNSYLVANIA HOUSING FINANCE AGENCY</name>
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        <balance>3400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3733440.380000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <title>FREDDIE MAC MULTIFAMILY FRETE 2022 ML13 AUS</title>
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          <isin value="US3137H9JN02"/>
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        <balance>950840.100000</balance>
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        <curCd>USD</curCd>
        <valUSD>885649.740000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.125</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>BRISTOL INDUSTRIAL DEVELOPMENT BOARD</name>
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        <cusip>11023QAB8</cusip>
        <identifiers>
          <isin value="US11023QAB86"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1772262.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HICKORY TREE COMMUNITY DEVELOPMENT DISTRICT</name>
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        <identifiers>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>978356.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
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        <balance>5600000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5777574.320000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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          <isLoanByFund>N</isLoanByFund>
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        <name>COUNTY OF CUYAHOGA OH</name>
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          <couponKind>Fixed</couponKind>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>DISTRICT OF COLUMBIA INCOME TAX REVENUE</name>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY</name>
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        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>1925000.000000</valUSD>
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        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY</name>
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        <name>PUBLIC AUTHORITY FOR COLORADO ENERGY</name>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <name>SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
        <lei>N/A</lei>
        <title>PILOT POINT TX SPL ASSMNT REVE PILGEN 09/55 FIXED 7.125</title>
        <cusip>721614BE4</cusip>
        <identifiers>
          <isin value="US721614BE44"/>
        </identifiers>
        <balance>1142000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1166585.090000</valUSD>
        <pctVal>0.0202855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.125</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 07/51 FIXED 4</title>
        <cusip>795576LC9</cusip>
        <identifiers>
          <isin value="US795576LC93"/>
        </identifiers>
        <balance>5500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4890105.550000</valUSD>
        <pctVal>0.0850331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REVENUES NYSHGR 05/39 FIXED 4</title>
        <cusip>65000B6K9</cusip>
        <identifiers>
          <isin value="US65000B6K92"/>
        </identifiers>
        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3418643.200000</valUSD>
        <pctVal>0.0594461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 06/50 FIXED OID 5.625</title>
        <cusip>74443DGD7</cusip>
        <identifiers>
          <isin value="US74443DGD75"/>
        </identifiers>
        <balance>5185000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5186462.690000</valUSD>
        <pctVal>0.0901864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 12/46 FIXED 5</title>
        <cusip>452153HS1</cusip>
        <identifiers>
          <isin value="US452153HS17"/>
        </identifiers>
        <balance>17500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17796644.250000</valUSD>
        <pctVal>0.309462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</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>
    </invstOrSecs>
    <explntrNotes>
      <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="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="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="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"/>
      <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"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-11-26</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>
</edgarSubmission>
