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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TULSA MUNICIPAL AIRPORT TRUST TRUSTEES/OK</name>
        <lei>N/A</lei>
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        <cusip>899661EM0</cusip>
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        <balance>19000000.000000</balance>
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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>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</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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      <invstOrSec>
        <name>CITY OF VALPARAISO IN</name>
        <lei>N/A</lei>
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        <balance>5290000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4837808.160000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
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        <cusip>67754AAF1</cusip>
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        <name>UIPA CROSSROADS PUBLIC INFRASTRUCTURE DISTRICT</name>
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          <isin value="US90279EAB02"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <cusip>64971XWK0</cusip>
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          <isin value="US64971XWK08"/>
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        <balance>4000000.000000</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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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <cusip>650116JQ0</cusip>
        <identifiers>
          <isin value="US650116JQ04"/>
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        <balance>7750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8156782.000000</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>2059-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>CITY OF SALT LAKE CITY UT AIRPORT REVENUE</name>
        <lei>N/A</lei>
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        <cusip>795576LC9</cusip>
        <identifiers>
          <isin value="US795576LC93"/>
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        <balance>5500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4911505.500000</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>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/40 FIXED 5</title>
        <cusip>650116CZ7</cusip>
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          <isin value="US650116CZ75"/>
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        <balance>3560000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3610763.110000</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 YORK POWER AUTHORITY</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>NEW YORK ST PWR AUTH REVENUE NYSPWR 11/60 FIXED 4</title>
        <cusip>64989KLH7</cusip>
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          <isin value="US64989KLH76"/>
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        <balance>8760000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7815191.950000</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>2060-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
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        <cusip>50218SAP6</cusip>
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        <balance>1195000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.65</annualizedRt>
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        <name>FARMS NEW KENT COMMUNITY DEVEL</name>
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        <balance>3890000.000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>676013.940000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <title>OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.5</title>
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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>

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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORPORATION</name>
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        <balance>8500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7563131.700000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PUERTO RICO GOVT</name>
        <lei>549300X44HXPLJU48U63</lei>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SOUTH CAROLINA JOBS COALITION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESTSIDE HAINES CITY COMMUNITY DEVELOPMENT DISTRICT</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CITY OF RENO NV</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>None</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</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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        <name>PUBLIC 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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
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        <cusip>6461367E5</cusip>
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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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        <securityLending>
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      <invstOrSec>
        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 03/43 FIXED 4.4</title>
        <cusip>93979AAE9</cusip>
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          <isin value="US93979AAE91"/>
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        <curCd>USD</curCd>
        <valUSD>13588345.580000</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>
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          <couponKind>Fixed</couponKind>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/35 FIXED 4</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <name>ONONDAGA CIVIC DEVELOPMENT CORP</name>
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        <name>MISSISSIPPI DEVELOPMENT BANK</name>
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        <name>SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>None</couponKind>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>DULUTH ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US650116CM62"/>
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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>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
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        <cusip>84136JAL3</cusip>
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          <isin value="US84136JAL35"/>
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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>2055-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US14054WBW47"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478922.950000</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>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>59561JAA3</cusip>
        <identifiers>
          <isin value="US59561JAA34"/>
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        <balance>1700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1784575.170000</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>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED OID 5</title>
        <cusip>74529JPX7</cusip>
        <identifiers>
          <isin value="US74529JPX71"/>
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        <balance>45177000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43568111.500000</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>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>4371928.000000</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>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>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 06/45 FIXED OID 5.25</title>
        <cusip>74439YGF2</cusip>
        <identifiers>
          <isin value="US74439YGF25"/>
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        <balance>370000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>374668.730000</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>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <title>WISCONSIN HLTH EDL FACS AUTH S WISMED 11/45 FIXED OID 6</title>
        <cusip>97671VCW3</cusip>
        <identifiers>
          <isin value="US97671VCW37"/>
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        <balance>5000000.000000</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>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST MAS 10/46 FIXED 5</title>
        <cusip>57582R3Y0</cusip>
        <identifiers>
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        <balance>5500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5799143.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
        <lei>54930099NR6T9V7LVB43</lei>
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        <cusip>167505ZM1</cusip>
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        <balance>34300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34150774.420000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY 2024-ML27</name>
        <lei>N/A</lei>
        <title>FREDDIE MAC MULTIFAMILY FRETE 2024 ML27 BUS</title>
        <cusip>35833XAA4</cusip>
        <identifiers>
          <isin value="US35833XAA46"/>
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        <balance>12473581.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10227633.530000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.30592</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/26 FIXED 5</title>
        <cusip>74526YCV5</cusip>
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          <isin value="US74526YCV56"/>
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        <balance>20000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13400.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <title>BLACK BELT ENERGY GAS DIST AL BBEUTL 06/51 ADJUSTABLE VAR</title>
        <cusip>09182NBR0</cusip>
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          <isin value="US09182NBR08"/>
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        <balance>5785000.000000</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>Variable</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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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>13544739.200000</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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        <securityLending>
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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>
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        <identifiers>
          <isin value="US662903K364"/>
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        <balance>4505000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4734460.370000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC MULTIFAMILY VRD CERTIFICATES</name>
        <lei>N/A</lei>
        <title>FEDERAL HOME LOAN MTGE CORP MF FEDMFH 06/42 ADJUSTABLE VAR</title>
        <cusip>31350ADY1</cusip>
        <identifiers>
          <isin value="US31350ADY10"/>
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        <balance>7395010.270000</balance>
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        <curCd>USD</curCd>
        <valUSD>7507080.910000</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>2042-06-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.4968</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 RETMNT FAC PUBFIN 03/55 FIXED 5.25</title>
        <cusip>74444VAW0</cusip>
        <identifiers>
          <isin value="US74444VAW00"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2240370.000000</valUSD>
        <pctVal>0.0381237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97671VBG9</cusip>
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        <curCd>USD</curCd>
        <valUSD>2070452.700000</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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      <invstOrSec>
        <name>MANHATTAN KANS INDL REV</name>
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        <curCd>USD</curCd>
        <valUSD>1988621.400000</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>5.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712JMV2</cusip>
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          <isin value="US97712JMV25"/>
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        <balance>15000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15079.950000</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>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
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        <cusip>64542UDX9</cusip>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1465620.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DENTON ESSENTIAL INVESTMENTS PUBLIC FACILITY CORP</name>
        <lei>N/A</lei>
        <title>DENTON ESSENTIAL INVESTMENTS P 01/59 6.697</title>
        <cusip>24881CAD9</cusip>
        <identifiers>
          <isin value="US24881CAD92"/>
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        <balance>29900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29900000.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2059-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.697</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY</name>
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        <cusip>008051AD6</cusip>
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        <balance>8500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8623270.400000</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>5.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 06/61 FIXED 6</title>
        <cusip>70868YAY5</cusip>
        <identifiers>
          <isin value="US70868YAY59"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6326292.000000</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>2061-06-30</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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      <invstOrSec>
        <name>NORTH AR-1 PASCO COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>65725AAR5</cusip>
        <identifiers>
          <isin value="US65725AAR59"/>
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        <balance>775000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>797346.270000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TURNPIKE SYSTEM REVENUE</name>
        <lei>N/A</lei>
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        <cusip>343137TF2</cusip>
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        <curCd>USD</curCd>
        <valUSD>3744036.000000</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>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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        <title>COLORADO ST HLTH FACS AUTH REV COSMED 11/43 FIXED 4</title>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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        <name>NEW YORK POWER 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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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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        <name>CITY OF INDIANAPOLIS IN</name>
        <lei>N/A</lei>
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        <balance>9660000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Variable</couponKind>
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        <name>GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT</name>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <name>DISTRICT OF COLUMBIA</name>
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        <issuerCat>MUN</issuerCat>
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        <name>PUBLIC FINANCE AUTHORITY</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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          <isLoanByFund>N</isLoanByFund>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 11/41 ADJUSTABLE VAR</title>
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        <balance>6379752.550000</balance>
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        <curCd>USD</curCd>
        <valUSD>6066181.330000</valUSD>
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        <assetCat>DBT</assetCat>
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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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        <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>NORTH AR-1 PASCO COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>65725AAS3</cusip>
        <identifiers>
          <isin value="US65725AAS33"/>
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        <balance>1245000.000000</balance>
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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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        <name>DENTON CNTY TEX</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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        <fairValLevel>2</fairValLevel>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2</annualizedRt>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY 2024-ML26</name>
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        <title>FREDDIE MAC MULTIFAMILY FRETE 2024 ML26 B</title>
        <cusip>35834CAB7</cusip>
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          <isin value="US35834CAB72"/>
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        <balance>24503080.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16474339.550000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.15717</annualizedRt>
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        <securityLending>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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          <isin value="US45203PAC86"/>
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        <balance>6500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6715416.500000</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116JG22"/>
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        <valUSD>2698920.920000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6</annualizedRt>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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          <isin value="US19648FKS29"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5</annualizedRt>
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        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <name>NEW PORT CORNERS COMMUNITY DEVELOPMENT DISTRICT</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>COLORADO HSG FIN AUTH SGL FAML PROG</name>
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        <title>COLORADO ST HSG FIN AUTH MF HS CO HSG + FIN AUTH B</title>
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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>Variable</couponKind>
          <annualizedRt>6</annualizedRt>
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        <name>MERCER COUNTY INDUSTRIAL DEVELOPMENT 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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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>POMPANO BEACH CITY OF</name>
        <lei>N/A</lei>
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        <balance>8750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7230960.630000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>STATE OF LOUISIANA GASOLINE &amp; FUELS TAX REVENUE</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ALAMEDA CORRIDOR TRANSPORTATION AUTHORITY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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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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        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TRANSPORT METROPOLITAN DISTRICT NO 3</name>
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        <name>AUGUSTA DEVELOPMENT AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <name>THE GROVES SENIORS APARTMENTS 2 - IMPACT FUND LIHTC PORTFOLIO</name>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <name>IOWA FINANCE AUTHORITY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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          <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>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COSMED 08/49 FIXED 4</title>
        <cusip>19648FKT0</cusip>
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          <isin value="US19648FKT02"/>
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        <balance>5960000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5159980.860000</valUSD>
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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>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>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>
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        <curCd>USD</curCd>
        <valUSD>2230071.980000</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>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>LANCASTER MUNICIPAL AUTHORITY</name>
        <lei>N/A</lei>
        <title>LANCASTER PA MUNI AUTH HLTHCAR LANCASTER MUNI AUTH A</title>
        <cusip>514350AL1</cusip>
        <identifiers>
          <isin value="US514350AL19"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012449.700000</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>2044-05-01</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>
      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 11/46 FIXED 7</title>
        <cusip>74442PDD4</cusip>
        <identifiers>
          <isin value="US74442PDD42"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1225000.000000</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>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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>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>1015548.500000</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>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>
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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 REVENUE MISFIN 06/40 FIXED 5</title>
        <cusip>59447TG80</cusip>
        <identifiers>
          <isin value="US59447TG802"/>
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        <balance>3750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3823411.880000</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>2040-06-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>VM FUND I LLC</name>
        <lei>N/A</lei>
        <title>VM FUND I LLC SR SECURED 144A 02/31 8.625</title>
        <cusip>91842WAC4</cusip>
        <identifiers>
          <isin value="US91842WAC47"/>
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        <balance>3749978.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3828785.510000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.625</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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>5100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5038065.090000</valUSD>
        <pctVal>0.0857312</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN STRATEGIC FUND</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST STRATEGIC FUND LTD MISGEN 12/43 FIXED 5</title>
        <cusip>594698QT2</cusip>
        <identifiers>
          <isin value="US594698QT24"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5015792.500000</valUSD>
        <pctVal>0.0853522</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>
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          <isLoanByFund>N</isLoanByFund>
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      <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>
        <identifiers>
          <isin value="US235241WS11"/>
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        <balance>11180000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10076824.680000</valUSD>
        <pctVal>0.171474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <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 WE6104 FR 01/41 FIXED 3.72</title>
        <cusip>3132YBX92</cusip>
        <identifiers>
          <isin value="US3132YBX920"/>
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        <balance>13837179.570000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12837269.000000</valUSD>
        <pctVal>0.218448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.72</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>LITTLE ELM INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LITTLE ELM TX INDEP SCH DIST LTESCD 08/53 FIXED OID 4.25</title>
        <cusip>5370966V6</cusip>
        <identifiers>
          <isin value="US5370966V62"/>
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        <balance>1800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1680272.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <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>
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      <invstOrSec>
        <name>PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>PASADENA RIDGE CDD FL CAPITAL PSRDEV 05/55 FIXED OID 5.7</title>
        <cusip>702300AF1</cusip>
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          <isin value="US702300AF19"/>
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        <balance>2465000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2447376.980000</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>5.7</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 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>9236752.600000</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>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>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
        <lei>N/A</lei>
        <title>THE CHILDRENS TRUST FUND PR TO CHIGEN 05/50 ZEROCPNOID 0</title>
        <cusip>16876QBJ7</cusip>
        <identifiers>
          <isin value="US16876QBJ76"/>
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        <balance>35200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7215795.840000</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>2050-05-15</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>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP R TOBGEN 06/52 ZEROCPNOID 0</title>
        <cusip>888809AH3</cusip>
        <identifiers>
          <isin value="US888809AH36"/>
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        <balance>12580000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1831298.280000</valUSD>
        <pctVal>0.0311626</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>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>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>829201.250000</valUSD>
        <pctVal>0.0141103</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>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <name>BLYTHE TOWNSHIP SOLID WASTE AUTHORITY</name>
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        <name>HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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        <cusip>2510936C9</cusip>
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          <isin value="US2510936C90"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 07/37 FIXED 5.5</title>
        <cusip>442349HX7</cusip>
        <identifiers>
          <isin value="US442349HX73"/>
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        <balance>22500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24470923.500000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>14054WBX2</cusip>
        <identifiers>
          <isin value="US14054WBX20"/>
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        <balance>4250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4068086.400000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US340618DV61"/>
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        <balance>33600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33086780.160000</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>5.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ONONDAGA CIVIC DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>ONONDAGA NY CIVIC DEV CORP ONODEV 08/44 FIXED OID 5</title>
        <cusip>682832KH2</cusip>
        <identifiers>
          <isin value="US682832KH24"/>
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        <curCd>USD</curCd>
        <valUSD>889793.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 07/35 FIXED 5.5</title>
        <cusip>442349HV1</cusip>
        <identifiers>
          <isin value="US442349HV18"/>
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        <balance>14500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15983044.050000</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>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>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 06/45 ZEROCPNOID 0</title>
        <cusip>59447TJ20</cusip>
        <identifiers>
          <isin value="US59447TJ202"/>
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        <balance>15000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3938538.000000</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>2045-06-01</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>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>3667690.360000</valUSD>
        <pctVal>0.062412</pctVal>
        <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>UNIVERSITY OF CINCINNATI</name>
        <lei>549300E0RD3ICJ858L23</lei>
        <title>UNIV OF CINCINNATI OH RECPTS UCOHGR 06/43 FIXED 5.25</title>
        <cusip>9141197J5</cusip>
        <identifiers>
          <isin value="US9141197J52"/>
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        <balance>3250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3519550.130000</valUSD>
        <pctVal>0.0598911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>NORTH FORT BEND WATER AUTHORITY</name>
        <lei>N/A</lei>
        <title>N FORT BEND TX WTR AUTH WTR SY NRFWTR 12/44 FIXED 4</title>
        <cusip>65944RKW1</cusip>
        <identifiers>
          <isin value="US65944RKW15"/>
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        <balance>7335000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6848922.750000</valUSD>
        <pctVal>0.116546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</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>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 11/42 FIXED 5</title>
        <cusip>64972JTA6</cusip>
        <identifiers>
          <isin value="US64972JTA69"/>
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        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12974601.600000</valUSD>
        <pctVal>0.220785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</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>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>3113683.500000</valUSD>
        <pctVal>0.0529846</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>6.2</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>MISHAWAKA CITY OF</name>
        <lei>N/A</lei>
        <title>MISHAWAKA IN MF HSG REVENUE MISMFH 01/38 FIXED 5.375</title>
        <cusip>604786AB9</cusip>
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          <isin value="US604786AB97"/>
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        <balance>5590000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5480304.640000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</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>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 06/53 FIXED OID 5.25</title>
        <cusip>70868YAW9</cusip>
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          <isin value="US70868YAW93"/>
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        <balance>7635000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7743430.740000</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>2053-06-30</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>
        <name>PENNSYLVANIA HOUSING FINANCE AGENCY</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>PENNSYLVANIA ST HSG FIN AGY SF PASSFH 10/54 FIXED 6.25</title>
        <cusip>70879QXV0</cusip>
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          <isin value="US70879QXV03"/>
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        <balance>3335000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3653750.960000</valUSD>
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        <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>6.25</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>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>1235586.480000</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>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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2556835.250000</valUSD>
        <pctVal>0.0435089</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>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 12/44 FIXED 5</title>
        <cusip>74442ELU2</cusip>
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          <isin value="US74442ELU28"/>
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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>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>4734162.900000</valUSD>
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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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          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US11861MBM73"/>
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        <curCd>USD</curCd>
        <valUSD>5036733.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1528613.700000</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>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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          <isin value="US2510935F31"/>
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        <balance>1600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1607102.240000</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>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN CENTER DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>976595FV5</cusip>
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          <isin value="US976595FV59"/>
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        <balance>25410000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7527737.910000</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>2050-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>
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        <cusip>398547AC3</cusip>
        <identifiers>
          <isin value="US398547AC38"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250289.880000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>COUNTY OF CUYAHOGA OH</name>
        <lei>549300GHDK9DGLUNJU89</lei>
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        <cusip>2322655W4</cusip>
        <identifiers>
          <isin value="US2322655W46"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4541743.000000</valUSD>
        <pctVal>0.0772855</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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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>2258738.240000</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>
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        <securityLending>
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      <invstOrSec>
        <name>PENNSYLVANIA TURNPIKE COMMISSION</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <cusip>709224P52</cusip>
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          <isin value="US709224P526"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6198594.000000</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>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DOYLESTOWN HOSPITAL AUTHORITY</name>
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          <isin value="US261333HJ08"/>
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        <balance>2575000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2838627.730000</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>5.375</annualizedRt>
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        <name>CENTERRA METROPOLITAN DISTRICT NO 1</name>
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        <balance>4050000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4055313.200000</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>5.25</annualizedRt>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
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        <cusip>888809BE9</cusip>
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        <balance>4500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4500351.450000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>NEW YORK POWER AUTHORITY</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>NEW YORK ST PWR AUTH GREEN TRA NYSPWR 11/53 FIXED OID 5</title>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5192237.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>PAYNE CNTY OK ECON DEV AUTH RE PAYDEV 11/46 FIXED 6.875</title>
        <cusip>704387AF6</cusip>
        <identifiers>
          <isin value="US704387AF60"/>
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        <balance>1081384.090000</balance>
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        <curCd>USD</curCd>
        <valUSD>6596.440000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.875</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>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REV COSMED 05/48 FIXED 5.25</title>
        <cusip>19648FA87</cusip>
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          <isin value="US19648FA871"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1516312.650000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>ANGELINE COMMUNITY DEVELOPMENT DISTRICT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY 2024-ML25</name>
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        <title>FREDDIE MAC MULTIFAMILY FRETE 2024 ML25 BCA</title>
        <cusip>30339BAB0</cusip>
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          <isin value="US30339BAB09"/>
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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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      <invstOrSec>
        <name>PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <cusip>704387AE9</cusip>
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          <isin value="US704387AE95"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>4173590.400000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <cusip>041807PW2</cusip>
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          <isin value="US041807PW20"/>
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        <curCd>USD</curCd>
        <valUSD>11629577.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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      <invstOrSec>
        <name>NORTH CAROLINA HOUSING FINANCE AGENCY</name>
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          <isin value="US6582077Q23"/>
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        <balance>5635000.000000</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>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <cusip>74439YGB1</cusip>
        <identifiers>
          <isin value="US74439YGB11"/>
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        <balance>725000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>727049.790000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US3132YATS75"/>
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        <balance>3500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3403950.970000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>NEW YORK CITY HOUSING DEVELOPMENT CORP</name>
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        <title>NEW YORK CITY NY HSG DEV CORP NYC HSG DEV COR B 1 A</title>
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          <isin value="US64972KEJ07"/>
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        <curCd>USD</curCd>
        <valUSD>2982372.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5</title>
        <cusip>118217CZ9</cusip>
        <identifiers>
          <isin value="US118217CZ97"/>
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        <balance>134400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108962757.120000</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>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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 OID 5.75</title>
        <cusip>64542PCM5</cusip>
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          <isin value="US64542PCM59"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500000.000000</valUSD>
        <pctVal>0.0085083</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NORTHWEST INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>NORTHWEST TX INDEP SCH DIST NWTSCD 02/49 FIXED OID 4</title>
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          <isin value="US667826GK16"/>
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        <balance>7225000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6797975.770000</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>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <cusip>882854B76</cusip>
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        <balance>5700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5348349.330000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>MOON INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <balance>21300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20928217.020000</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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>VILLAGE METROPOLITAN DISTRICT/THE</name>
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          <isin value="US92708CAC91"/>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1146570.120000</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</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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        <title>MET GOVT NASHVILLE   DAVIDSON METHSG 10/38 FIXED OID 4.875</title>
        <cusip>592113CG7</cusip>
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          <isin value="US592113CG75"/>
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        <balance>10270000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10695400.860000</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>4.875</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 INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <isin value="US13034AW222"/>
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        <balance>430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415553.460000</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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        <fairValLevel>2</fairValLevel>
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        <name>AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01</name>
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        <name>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>NEW YORK POWER AUTHORITY</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SUFFOLK COUNTY ECONOMIC DEVELOPMENT CORPORATION</name>
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        <assetCat>DBT</assetCat>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GIR EAST COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>ALABAMA SPECIAL CARE FACILITIES FINANCING AUTHORITY-BIRMINGHAM AL</name>
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        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <name>INDIANA FINANCE AUTHORITY</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <name>NORTH TEXAS MUNICIPAL WATER DISTRICT WATER SYSTEM REVENUE</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNERTON EAST COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>CONNERTON EAST CDD FL SPL ASSM CDEDEV 06/55 FIXED OID 5.5</title>
        <cusip>208185AM0</cusip>
        <identifiers>
          <isin value="US208185AM00"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988272.100000</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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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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 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>3095250.620000</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>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5.5</title>
        <cusip>650116JS6</cusip>
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          <isin value="US650116JS69"/>
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        <balance>6800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7054700.800000</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>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>
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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 07/39 FIXED 5.5</title>
        <cusip>442349HZ2</cusip>
        <identifiers>
          <isin value="US442349HZ22"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4295507.600000</valUSD>
        <pctVal>0.0730953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</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>
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      <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>939431.400000</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>2054-12-01</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>M-S-R ENERGY AUTHORITY</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M S R CA ENERGY AUTH GAS REVEN MSRPWR 11/39 FIXED OID 6.5</title>
        <cusip>55374SAF7</cusip>
        <identifiers>
          <isin value="US55374SAF74"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1846657.650000</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>2039-11-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TEX CULTURAL ED</name>
        <lei>N/A</lei>
        <title>HARRIS CNTY TX CULTURAL EDU FA HAREDU 10/42 FIXED 4</title>
        <cusip>414009QV5</cusip>
        <identifiers>
          <isin value="US414009QV58"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4863637.500000</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>2042-10-01</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>
        <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>3738524.400000</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>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 06/29 FIXED OID 3.5</title>
        <cusip>452152D65</cusip>
        <identifiers>
          <isin value="US452152D656"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2002541.200000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5</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>PATRIOTS ENERGY GROUP FINANCING AGENCY</name>
        <lei>5493008X0DFBVFH4HL19</lei>
        <title>PATRIOTS ENERGY GROUP FING AGY PATRIOTS ENERGY GROUP</title>
        <cusip>70342PAR5</cusip>
        <identifiers>
          <isin value="US70342PAR55"/>
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        <balance>7700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8327721.710000</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>2054-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <title>PUERTO RICO ELEC PWR 07/31 1</title>
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          <isin value="US74526YAA38"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1675000.000000</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>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI HLTHCARE SY PUBMED 10/52 FIXED OID 4</title>
        <cusip>74447GAA8</cusip>
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        <curCd>USD</curCd>
        <valUSD>4832136.480000</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>4</annualizedRt>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>4561924.840000</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>6.5</annualizedRt>
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        <name>MICHIGAN STATE HOSPITAL FINANCE AUTHORITY</name>
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        <title>MICHIGAN ST HOSP FIN AUTH MISMED 11/47 FIXED 5</title>
        <cusip>59465HXN1</cusip>
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        <balance>715000.000000</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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      <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>
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        <balance>2400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2457598.080000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
        <title>MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 06/60 FIXED 5.75</title>
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        <balance>2650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2677311.170000</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>2060-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
        <title>DETROIT MI DET 04/44 ADJUSTABLE VAR</title>
        <cusip>251093S84</cusip>
        <identifiers>
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        <balance>39843173.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31240318.760000</valUSD>
        <pctVal>0.531607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <name>METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE</name>
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        <name>LOUISIANA STADIUM AND EXPOSITION DISTRICT</name>
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        <name>BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>IOWA TOBACCO SETTLEMENT AUTHORITY</name>
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        <name>FLORIDA ATLANTIC UNIVERSITY FINANCE CORP</name>
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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <name>IOWA FINANCE AUTHORITY</name>
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          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM DEPARTMENT OF EDUCATION</name>
        <lei>N/A</lei>
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        <cusip>40065AAH8</cusip>
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          <isin value="US40065AAH86"/>
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        <curCd>USD</curCd>
        <valUSD>1517724.900000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PENNSYLVANIA HOUSING FINANCE AGENCY</name>
        <lei>549300JZVUPNWP77SP29</lei>
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        <cusip>70879QWN9</cusip>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1</name>
        <lei>N/A</lei>
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        <cusip>850072AA7</cusip>
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          <isin value="US850072AA74"/>
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        <balance>17549000.000000</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>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MISSOURI STATE HEALTH AND EDUCATION</name>
        <lei>549300IWTBCMX5JB3277</lei>
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        <cusip>60637APW6</cusip>
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          <isin value="US60637APW61"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886224.400000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <cusip>74526YDB8</cusip>
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          <isin value="US74526YDB83"/>
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        <balance>555000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>371850.000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <balance>15300000.000000</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>
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          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>GAINESVILLE AND HALL COUNTY DEVELOPMENT AUTHORITY</name>
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        <cusip>36274PAC1</cusip>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>675000.000000</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>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO GOVT</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR</title>
        <cusip>74514L4C8</cusip>
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          <isin value="US74514L4C84"/>
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        <balance>73494262.420000</balance>
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        <curCd>USD</curCd>
        <valUSD>48138741.890000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CITY OF SEATTLE WA MUNICIPAL LIGHT &amp; POWER REVENUE</name>
        <lei>N/A</lei>
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        <cusip>812643QK3</cusip>
        <identifiers>
          <isin value="US812643QK33"/>
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        <balance>3135000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2932723.220000</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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      <invstOrSec>
        <name>NORMANDY COMMUNITY DEVELOPMENT DISTRICT</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <title>NCJC DOWNTOWN CAMPUS FIXED DELAYED DRAW TERM LOAN</title>
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        <name>HIGHLANDS COUNTY HEALTH FACILITIES AUTHORITY</name>
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        <name>GOLDEN GEM COMMUNITY DEVELOPMENT DISTRICT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <balance>6800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6984352.080000</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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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <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>
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        <balance>2675336.890000</balance>
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        <curCd>USD</curCd>
        <valUSD>80260.110000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>WILLOW BEND METROPOLITAN DISTRICT</name>
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        <name>ULSTER COUNTY CAPITAL RESOURCE CORP</name>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <name>PUERTO RICO GOVT</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
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      <invstOrSec>
        <name>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT 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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        <name>HUMBLE INDEPENDENT SCHOOL DISTRICT</name>
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        <balance>5010000.000000</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>
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        <name>INDIANA FINANCE AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <name>IOWA FINANCE AUTHORITY</name>
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        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
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          <couponKind>Fixed</couponKind>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 01/55 FIXED 5</title>
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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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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CKQ68"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY OF CINCINNATI</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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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
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        <cusip>64972JYQ5</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US67555JAA43"/>
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        <balance>11668000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10012452.920000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLOW BEND METROPOLITAN DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>97111VAB9</cusip>
        <identifiers>
          <isin value="US97111VAB99"/>
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        <balance>6375000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6074603.630000</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>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <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 5.5</title>
        <cusip>74439YFZ9</cusip>
        <identifiers>
          <isin value="US74439YFZ97"/>
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        <balance>750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>765107.030000</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>5.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>15252825.840000</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>
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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 03/55 ADJUSTABLE VAR</title>
        <cusip>09182TEN3</cusip>
        <identifiers>
          <isin value="US09182TEN37"/>
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        <balance>22300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23858072.010000</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>2055-03-01</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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      <invstOrSec>
        <name>NEW JERSEY ST HSG &amp; MTG FIN AGY MULTI-FA</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>NEW JERSEY ST HSG   MTGE FIN A NJSHSG 12/65 FIXED 5.25</title>
        <cusip>646127FN5</cusip>
        <identifiers>
          <isin value="US646127FN55"/>
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        <balance>2250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2443915.580000</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>2065-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY</name>
        <lei>98450061A2F3FD36E493</lei>
        <title>S ESTRN PA TRANSPRTN AUTH SEPTRN 06/43 FIXED 5.25</title>
        <cusip>842039FP9</cusip>
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          <isin value="US842039FP97"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5363424.000000</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>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL SENIOR LI CPTMED 07/43 FIXED 5</title>
        <cusip>140542BP5</cusip>
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          <isin value="US140542BP58"/>
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        <balance>950000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30875.000000</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>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>Y</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FINANCING CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>888808HT2</cusip>
        <identifiers>
          <isin value="US888808HT28"/>
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        <balance>940000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>913823.730000</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>
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        <securityLending>
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        <name>ANTELOPE VALLEY HEALTH CARE DISTRICT</name>
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        <balance>340000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340238.540000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>ESTRELLA MOUNTAIN RANCH COMMUNITY FACILITIES DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>29758RCT8</cusip>
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        <balance>900000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>895343.220000</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>5.8</annualizedRt>
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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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        <balance>27720000.000000</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>7</annualizedRt>
          <isDefault>Y</isDefault>
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      <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>
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        <balance>2500000.000000</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>
          <isDefault>N</isDefault>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <title>NEW YORK ST DORM AUTH ST PERSO NYSHGR 03/54 FIXED OID 4</title>
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        <balance>3555000.000000</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>2054-03-15</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>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>1063648.630000</valUSD>
        <pctVal>0.0180998</pctVal>
        <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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>2743311.480000</valUSD>
        <pctVal>0.0466821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 05/47 FIXED 4</title>
        <cusip>64971XUK2</cusip>
        <identifiers>
          <isin value="US64971XUK26"/>
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        <balance>6030000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5562801.030000</valUSD>
        <pctVal>0.0946605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</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>MESQUITE TEX</name>
        <lei>N/A</lei>
        <title>MESQUITE TX SPL ASSMNT REVENUE MESGEN 09/55 FIXED 5.75</title>
        <cusip>590771BK6</cusip>
        <identifiers>
          <isin value="US590771BK69"/>
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        <balance>1300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1293745.310000</valUSD>
        <pctVal>0.0220153</pctVal>
        <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>5.75</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 CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/44 FIXED 5.125</title>
        <cusip>15114CJW5</cusip>
        <identifiers>
          <isin value="US15114CJW55"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>305722.740000</valUSD>
        <pctVal>0.0052024</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>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>12694500.000000</valUSD>
        <pctVal>0.216018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>04052TDC6</cusip>
        <identifiers>
          <isin value="US04052TDC62"/>
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        <balance>14200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13214718.800000</valUSD>
        <pctVal>0.224871</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
        <lei>N/A</lei>
        <title>ORANGE CNTY FL HLTH FACS AUTH ORAMED 10/53 FIXED 5</title>
        <cusip>68450LHL2</cusip>
        <identifiers>
          <isin value="US68450LHL27"/>
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        <balance>4915000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5018171.260000</valUSD>
        <pctVal>0.0853927</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>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>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>2728806.280000</valUSD>
        <pctVal>0.0464353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01</name>
        <lei>N/A</lei>
        <title>AFFORDABLE HSG OPPORTUNITIES T TENGEN 10/38 FIXED 7.12</title>
        <cusip>00826SAF7</cusip>
        <identifiers>
          <isin value="US00826SAF74"/>
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        <balance>6075000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5913534.400000</valUSD>
        <pctVal>0.100629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12</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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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>MAMMOTH LAKES KINGFISHER FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TTQ5</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNZZ9P6"/>
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        <balance>24000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24006672.000000</valUSD>
        <pctVal>0.408514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6601</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 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>1914088.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <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>ATLANTA URBAN RESIDENTIAL FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>BOWEN HOMES FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TT51</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNZZ9E1"/>
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        <balance>27000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27040965.480000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.6706</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>
      <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>2483693.370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2335258.170000</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>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>PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>PASADENA RIDGE CDD FL CAPITAL PSRDEV 05/55 FIXED 5.375</title>
        <cusip>702300AC8</cusip>
        <identifiers>
          <isin value="US702300AC87"/>
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        <balance>1275000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1251803.800000</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>2055-05-01</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>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>
        <identifiers>
          <isin value="US51207BAH24"/>
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        <balance>765000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>766023.260000</valUSD>
        <pctVal>0.0130352</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>5.7</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>TAMPA HEALTH SYSTEMS</name>
        <lei>N/A</lei>
        <title>TAMPA FL CAPITAL IMPT CIGARETT TAMGEN 09/42 ZEROCPNOID 0</title>
        <cusip>875146BA9</cusip>
        <identifiers>
          <isin value="US875146BA98"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>451435.100000</valUSD>
        <pctVal>0.0076819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>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>
      <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>
        <identifiers>
          <isin value="US62620HHP01"/>
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        <balance>7000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7237087.200000</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>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/26 FIXED 5</title>
        <cusip>74526YFT7</cusip>
        <identifiers>
          <isin value="US74526YFT73"/>
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        <balance>45000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30150.000000</valUSD>
        <pctVal>0.0005131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>BUILD NYC RESOURCE CORPORATION</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>BUILD NYC RESOURCE CORP NY REV BUIGEN 12/50 FIXED OID 5.625</title>
        <cusip>12008EPK6</cusip>
        <identifiers>
          <isin value="US12008EPK63"/>
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        <balance>8740000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7500399.680000</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>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</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>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5035365.500000</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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>
      <invstOrSec>
        <name>FINANCE AUTHORITY OF MAINE</name>
        <lei>N/A</lei>
        <title>MAINE ST FIN AUTH SOL WST DISP MESPOL 12/47 ADJUSTABLE VAR</title>
        <cusip>56042CAY1</cusip>
        <identifiers>
          <isin value="US56042CAY12"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3025540.200000</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>2047-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.625</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>NEW YORK COUNTIES TOBACCO TRUST V</name>
        <lei>N/A</lei>
        <title>NEW YORK CNTYS NY TOBACCO TRUS NYSGEN 06/60 ZEROCPNOID 0</title>
        <cusip>649441AE2</cusip>
        <identifiers>
          <isin value="US649441AE21"/>
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        <balance>210000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8747802.000000</valUSD>
        <pctVal>0.148859</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>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>1551024.920000</valUSD>
        <pctVal>0.0263933</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>POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>549300UTRO4TAORRAL04</lei>
        <title>POLK CNTY FL INDL DEV AUTH POKDEV 01/33 FIXED 5.875</title>
        <cusip>731120NQ0</cusip>
        <identifiers>
          <isin value="US731120NQ00"/>
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        <balance>9040000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2440800.000000</valUSD>
        <pctVal>0.0415343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</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>CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALHOUN CNTY TX NAVIGATION IND CLHDEV 07/26 FIXED 6.5</title>
        <cusip>129729AD1</cusip>
        <identifiers>
          <isin value="US129729AD10"/>
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        <balance>12750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12424604.700000</valUSD>
        <pctVal>0.211426</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>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>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/36 FIXED 5</title>
        <cusip>1675935U2</cusip>
        <identifiers>
          <isin value="US1675935U26"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1109260.500000</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>2036-01-01</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>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 11/41 ADJUSTABLE VAR</title>
        <cusip>93978UDT0</cusip>
        <identifiers>
          <isin value="US93978UDT07"/>
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        <balance>18939890.380000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18237496.970000</valUSD>
        <pctVal>0.310342</pctVal>
        <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>4.0787</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 TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANS 06/60 5.125</title>
        <cusip>650116GZ3</cusip>
        <identifiers>
          <isin value="US650116GZ30"/>
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        <balance>12000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12055909.200000</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>5.125</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>
        <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>2075000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2024827.330000</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>5.125</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>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>3018498.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-15</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>
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          <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 5.875</title>
        <cusip>24880GAR0</cusip>
        <identifiers>
          <isin value="US24880GAR02"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1547075.400000</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>2045-12-31</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>
      <invstOrSec>
        <name>TEXAS STATE UNIVERSITY SYSTEM</name>
        <lei>N/A</lei>
        <title>TEXAS ST UNIV SYS FING REVENUE TXSHGR 03/44 FIXED 5</title>
        <cusip>88278PJ70</cusip>
        <identifiers>
          <isin value="US88278PJ709"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3199088.700000</valUSD>
        <pctVal>0.0544379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</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>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>3154893.300000</valUSD>
        <pctVal>0.0536859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARYLAND ST ECON DEV CORP HSG DEV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</name>
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        <cusip>13079PXY4</cusip>
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          <isin value="US13079PXY41"/>
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        <balance>7510000.000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <cusip>04052TDE2</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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          <maturityDt>2059-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>GEISINGER AUTH PA HEALTH SYSTEM</name>
        <lei>N/A</lei>
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        <cusip>368497HQ9</cusip>
        <identifiers>
          <isin value="US368497HQ95"/>
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        <balance>2080000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1852157.010000</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>2047-02-15</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>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
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        <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>
        <valUSD>18812246.320000</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>4.55</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>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A</title>
        <cusip>45471FAX9</cusip>
        <identifiers>
          <isin value="US45471FAX96"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000912.100000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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        <name>PIMA COUNTRY INDUSTRIAL DEVELOPMENT</name>
        <lei>549300QDTQ25545R4K19</lei>
        <title>PIMA CNTY AZ INDL DEV AUTH EDU PIMDEV 07/49 FIXED 5</title>
        <cusip>72177MTN7</cusip>
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        <balance>3500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2800000.000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <cusip>676900XZ1</cusip>
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          <isin value="US676900XZ18"/>
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        <balance>3565000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3661925.580000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <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>
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          <isin value="US033262AW63"/>
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        <balance>8795000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9024206.500000</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>5.25</annualizedRt>
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      <invstOrSec>
        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH STUDENT HS IN FIN AUTH A</title>
        <cusip>45471FAZ4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE FINANCING AUTHORITY</name>
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        <title>CALIFORNIA ST STWD FING AUTH T CASGEN 05/37 FIXED OID 6</title>
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        <balance>2845000.000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <name>OKLAHOMA DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>OKLAHOMA ST DEV FIN AUTH HLTHS OKSMED 08/52 FIXED 5.5</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>
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          <couponKind>Fixed</couponKind>
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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 07/26 FIXED 6</title>
        <cusip>64542PCN3</cusip>
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          <isin value="US64542PCN33"/>
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        <balance>80000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/57 ZEROCPNOID 0</title>
        <cusip>118217DA3</cusip>
        <identifiers>
          <isin value="US118217DA38"/>
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        <balance>279880000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20770426.570000</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>2057-06-01</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>HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>HAMMOCK OAKS CDD FL ASSMNT HAODEV 05/45 FIXED 5.55</title>
        <cusip>40834PAH5</cusip>
        <identifiers>
          <isin value="US40834PAH55"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1017492.900000</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>2045-05-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CAL T</name>
        <lei>N/A</lei>
        <title>TOBACCO SECURITIZATION AUTH ST TOBGEN 06/54 ZEROCPNOID 0</title>
        <cusip>888804CU3</cusip>
        <identifiers>
          <isin value="US888804CU32"/>
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        <balance>16635000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3440033.160000</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>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>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>7799581.940000</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>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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TWO RIVERS WEST COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>TWO RIVERS WEST CDD FL SPL ASS TRWGEN 05/54 FIXED 5.875</title>
        <cusip>90207HAL8</cusip>
        <identifiers>
          <isin value="US90207HAL87"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1022686.800000</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>2054-05-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <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>
        <identifiers>
          <isin value="US67754AAD63"/>
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        <balance>1075000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1076230.450000</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>2038-01-15</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>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>645000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>654141.520000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </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>9255147.470000</valUSD>
        <pctVal>0.157492</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>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>4673921.500000</valUSD>
        <pctVal>0.0795347</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>
      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 02/50 FIXED 4</title>
        <cusip>59447TVE0</cusip>
        <identifiers>
          <isin value="US59447TVE09"/>
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        <balance>4540000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3980023.230000</valUSD>
        <pctVal>0.0677268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</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 09/45 FIXED OID 5.25</title>
        <cusip>742400DV3</cusip>
        <identifiers>
          <isin value="US742400DV37"/>
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        <balance>1205000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1204742.970000</valUSD>
        <pctVal>0.0205007</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>5.25</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>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>1512042.150000</valUSD>
        <pctVal>0.02573</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>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS TRANSPORTATION COMMISSION STATE HIGHWAY 249 SYSTEM</name>
        <lei>N/A</lei>
        <title>TEXAS ST TRANSPRTN COMMISSION TXSTRN 08/47 ZEROCPNOID 0</title>
        <cusip>88283NAS1</cusip>
        <identifiers>
          <isin value="US88283NAS18"/>
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        <balance>5575000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1887615.840000</valUSD>
        <pctVal>0.032121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>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>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH INDL ARSDEV 07/48 FIXED 12</title>
        <cusip>04108WCF7</cusip>
        <identifiers>
          <isin value="US04108WCF77"/>
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        <balance>17500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18970378.000000</valUSD>
        <pctVal>0.322813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.375</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>ANTILLIA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>ANTILLIA CDD FL SPL ASSMNT ANLDEV 05/54 FIXED 5.875</title>
        <cusip>03706FAC1</cusip>
        <identifiers>
          <isin value="US03706FAC14"/>
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        <balance>875000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>889014.960000</valUSD>
        <pctVal>0.0151281</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>5.875</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>METROPOLITAN GOVERNMENT NASHVILLE &amp; DAVIDSON COUNTY SPORTS AUTHORITY</name>
        <lei>N/A</lei>
        <title>MET GOVT NASHVILLE   DAVIDSONC METFAC 07/48 FIXED 5</title>
        <cusip>592090LN2</cusip>
        <identifiers>
          <isin value="US592090LN23"/>
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        <balance>2440000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2549838.310000</valUSD>
        <pctVal>0.0433898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</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>MOON INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>549300CGX4T1GTNHL435</lei>
        <title>MOON INDL DEV AUTH PA REVENUE MOODEV 07/50 FIXED OID 6.125</title>
        <cusip>61543RAU0</cusip>
        <identifiers>
          <isin value="US61543RAU05"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4353671.250000</valUSD>
        <pctVal>0.0740851</pctVal>
        <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>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>CALIFORNIA SCHOOL FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH CHR CASSCD 06/46 FIXED 5</title>
        <cusip>13058TDQ0</cusip>
        <identifiers>
          <isin value="US13058TDQ04"/>
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        <balance>1325000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>795000.000000</valUSD>
        <pctVal>0.0135283</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</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF CRANDALL TX</name>
        <lei>N/A</lei>
        <title>CRANDALL TX SPL ASSMNT REVENUE CRAGEN 09/55 FIXED OID 5.625</title>
        <cusip>224384AV9</cusip>
        <identifiers>
          <isin value="US224384AV96"/>
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        <balance>1850000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1836907.920000</valUSD>
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        <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>5.625</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION</name>
        <lei>N/A</lei>
        <title>FLORIDA LOC GOVT FIN COMMISSIO FLSFAC 11/55 FIXED OID 6.75</title>
        <cusip>34077UAH3</cusip>
        <identifiers>
          <isin value="US34077UAH32"/>
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        <balance>2165000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2255674.530000</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>2055-11-15</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>
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          <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>3628524.590000</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>2052-10-01</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>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>
        <identifiers>
          <isin value="US399262TS30"/>
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        <balance>4295000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1791533.410000</valUSD>
        <pctVal>0.030486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</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>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5</title>
        <cusip>84136HDM2</cusip>
        <identifiers>
          <isin value="US84136HDM25"/>
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        <balance>10200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10950951.540000</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>2035-11-01</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>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>496136.450000</valUSD>
        <pctVal>0.0084426</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>5.25</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 INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 05/51 FIXED 4</title>
        <cusip>13034AV23</cusip>
        <identifiers>
          <isin value="US13034AV232"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4553219.000000</valUSD>
        <pctVal>0.0774807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</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>
      <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>500323.950000</valUSD>
        <pctVal>0.0085139</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</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 6</title>
        <cusip>018444CH0</cusip>
        <identifiers>
          <isin value="US018444CH05"/>
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        <balance>1800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1948795.920000</valUSD>
        <pctVal>0.0331621</pctVal>
        <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>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>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT</name>
        <lei>N/A</lei>
        <title>BABCOCK RANCH CMNTY INDEP SPL BARGEN 05/32 FIXED OID 4.25</title>
        <cusip>05616KBQ2</cusip>
        <identifiers>
          <isin value="US05616KBQ22"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1518693.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
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        <securityLending>
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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>
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          <isin value="US613609N288"/>
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        <balance>4300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4159091.580000</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>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKE BACK &amp; EXIT FACILITY FKA GMR/ALEON</name>
        <lei>N/A</lei>
        <title>AM BIDCO OPERATIONS LLC PIK DELAYED DRAW TERM LOAN</title>
        <cusip>BA000R643</cusip>
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          <other otherDesc="Internal ID" value="WHLN369F7"/>
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        <balance>25907186.270000</balance>
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        <curCd>USD</curCd>
        <valUSD>21393515.290000</valUSD>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.7581</annualizedRt>
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          <isPaidKind>Y</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVE MARIA STEWARDSHIP COMMUNITY DISTRICT</name>
        <lei>N/A</lei>
        <title>AVE MARIA FL STEWARDSHIP CMNTY AVMDEV 05/56 FIXED 5.6</title>
        <cusip>05355ACB1</cusip>
        <identifiers>
          <isin value="US05355ACB17"/>
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        <balance>1655000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1648431.640000</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>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>RIVER ISLANDS PUBLIC FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>RIVER ISLANDS CA PUBLIC FING A RVIGEN 09/50 FIXED OID 5</title>
        <cusip>76827QMS9</cusip>
        <identifiers>
          <isin value="US76827QMS92"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5005239.000000</valUSD>
        <pctVal>0.0851726</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>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>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>1388305.780000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</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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          <isLoanByFund>N</isLoanByFund>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI SPL REVENUE PUBFAC 09/29 ZEROCPNOID 0</title>
        <cusip>74447TAA0</cusip>
        <identifiers>
          <isin value="US74447TAA07"/>
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        <balance>847000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>648393.070000</valUSD>
        <pctVal>0.0110335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>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>NORTHERN MICHIGAN UNIVERSITY</name>
        <lei>549300Y2Q94GGNQC7X56</lei>
        <title>NTHRN MI UNIV REVENUES NORHGR 06/55 FIXED 5.5</title>
        <cusip>665398PT4</cusip>
        <identifiers>
          <isin value="US665398PT42"/>
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        <balance>4250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4549157.500000</valUSD>
        <pctVal>0.0774116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK COUNTIES TOBACCO TRUST V</name>
        <lei>N/A</lei>
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        <cusip>649441AC6</cusip>
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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>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTRAL TEXAS TURNPIKE SYSTEM</name>
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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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        <name>COUNTRY OF MONTGOMERY</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MASSACHUSETTS STATE</name>
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          <maturityDt>2054-08-01</maturityDt>
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          <annualizedRt>5</annualizedRt>
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        <name>PAYNE COUNTY ECONOMIC DEVELOPMENT AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</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>Variable</couponKind>
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        <name>TRADITION COMMUNITY DEVELOPMENT DISTRICT NO 9</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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        <name>MONTGOMERY ALA MED CLINIC BRD HEALTH REV</name>
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        <assetCat>DBT</assetCat>
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        <name>MELISSA INDEPENDENT SCHOOL DISTRICT</name>
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          <couponKind>Fixed</couponKind>
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          <couponKind>Fixed</couponKind>
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        <name>ENERGY NORTHWEST</name>
        <lei>N/A</lei>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>UNIVERSITY OF CINCINNATI</name>
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        <name>LAKEWOOD RANCH STEWARDSHIP DISTRICT</name>
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        <name>ILLINOIS 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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          <annualizedRt>5.25</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>HAWAII ST DEPT BUDGET &amp; FIN SPL PURP REV</name>
        <lei>N/A</lei>
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        <cusip>419800LV7</cusip>
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          <isin value="US419800LV79"/>
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        <curCd>USD</curCd>
        <valUSD>6468352.470000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1</name>
        <lei>N/A</lei>
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        <cusip>18948PAJ0</cusip>
        <identifiers>
          <isin value="US18948PAJ03"/>
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        <balance>650000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>651551.550000</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>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.1</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>PASADENA RIDGE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>702300AB0</cusip>
        <identifiers>
          <isin value="US702300AB05"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995690.000000</valUSD>
        <pctVal>0.0169434</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>5.05</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 HEALTH FACILITIES FINANCING AUTHORITY</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13032U4R6</cusip>
        <identifiers>
          <isin value="US13032U4R69"/>
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        <balance>3935000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4481129.990000</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>2050-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172713.800000</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>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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/43 FIXED 3.762</title>
        <cusip>57421CDT8</cusip>
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          <isin value="US57421CDT80"/>
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        <balance>3205000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2402788.820000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.762</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA SCHOOL FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST SCH FIN AUTH CHR CASSCD 06/31 FIXED 4.5</title>
        <cusip>13058TDN7</cusip>
        <identifiers>
          <isin value="US13058TDN72"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450000.000000</valUSD>
        <pctVal>0.0076575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</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>
      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6100 FR 08/38 FIXED 4.25</title>
        <cusip>3132YBX50</cusip>
        <identifiers>
          <isin value="US3132YBX508"/>
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        <balance>4942524.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4904306.180000</valUSD>
        <pctVal>0.0834551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONGS PEAK METROPOLITAN DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>54316AAA1</cusip>
        <identifiers>
          <isin value="US54316AAA16"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2935721.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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 SCHOOL FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>13058TDR8</cusip>
        <identifiers>
          <isin value="US13058TDR86"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>600000.000000</valUSD>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>9730000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9237492.700000</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>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>RAMPART RANGE METROPOLITAN DISTRICT NO 5</name>
        <lei>N/A</lei>
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        <cusip>75157WAA0</cusip>
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          <isin value="US75157WAA09"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>953296.800000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>FIRETHORN COMMUNITY DEVELOPMENT DISTRICT</name>
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          <isin value="US31832AAC09"/>
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        <balance>865000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>865643.990000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.3</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <title>CALIFORNIA HSG FIN AGY LTD OBL CASMFH 03/53 ADJUSTABLE VAR</title>
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          <isin value="US13034DAK00"/>
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        <balance>9100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9125349.870000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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          <isin value="US64542PBH73"/>
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        <curCd>USD</curCd>
        <valUSD>604675.000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SENAC SOUTH METROPOLITAN DISTRICT NO 1</name>
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          <isin value="US81685AAA79"/>
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        <balance>4650000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4444991.270000</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>5.25</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>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/38 FIXED 5</title>
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          <isin value="US1675935W81"/>
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        <balance>2250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2452017.150000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <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>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH MUNI CTFS NFADEV 08/34 FIXED OID 3.777</title>
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          <isin value="US63607WAH79"/>
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        <balance>13402814.620000</balance>
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        <curCd>USD</curCd>
        <valUSD>12941316.840000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.777</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
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        <curCd>USD</curCd>
        <valUSD>4298843.390000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SAINT PAUL MN MET MINAPT 01/34 FIXED 5</title>
        <cusip>603827K39</cusip>
        <identifiers>
          <isin value="US603827K391"/>
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        <balance>1645000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1801606.470000</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>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPARTANBURG REGIONAL HEALTH SERVICES DISTRICT</name>
        <lei>549300CVHLQ72HQF3340</lei>
        <title>SPARTANBURG SC REGL HLTH SVCS SPAMED 04/48 FIXED 5</title>
        <cusip>847113CH8</cusip>
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          <isin value="US847113CH80"/>
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        <balance>6800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6861961.600000</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>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>
      <invstOrSec>
        <name>CITY OF LAVON TX</name>
        <lei>N/A</lei>
        <title>LAVON TX SPL ASSMT REVENUE LAVON REV</title>
        <cusip>51946PCL6</cusip>
        <identifiers>
          <isin value="US51946PCL67"/>
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        <balance>1125000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1158842.360000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-09-15</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>
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      <invstOrSec>
        <name>LOUISIANA PUBLIC FACILITIES AUTHORITY</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>LOUISIANA ST PUBLIC FACS AUTHL LASFAC 07/50 FIXED 5.25</title>
        <cusip>54639TDS8</cusip>
        <identifiers>
          <isin value="US54639TDS87"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2096857.200000</valUSD>
        <pctVal>0.0356816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2144781.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</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>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>3581695.250000</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>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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
        <lei>N/A</lei>
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        <cusip>85950TAA5</cusip>
        <identifiers>
          <isin value="US85950TAA51"/>
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        <balance>2427000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2487371.140000</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW ORLEANS AVIATION BOARD</name>
        <lei>N/A</lei>
        <title>NEW ORLEANS LA AVIATION BRD NEWTRN 01/44 FIXED 5.25</title>
        <cusip>64763HMR3</cusip>
        <identifiers>
          <isin value="US64763HMR39"/>
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        <balance>22000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>23164292.800000</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>2044-01-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO STATE</name>
        <lei>N/A</lei>
        <title>COLORADO ST BLDG EXCELLENT SCH COSEDU 03/46 FIXED 4</title>
        <cusip>19668QNX9</cusip>
        <identifiers>
          <isin value="US19668QNX96"/>
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        <balance>10515000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10002387.440000</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>2046-03-15</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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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FINANCING CORPORATION</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5</title>
        <cusip>888808HQ8</cusip>
        <identifiers>
          <isin value="US888808HQ88"/>
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        <balance>26800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26417588.120000</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>2046-06-01</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>AVENIR COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>05357JAL0</cusip>
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          <isin value="US05357JAL08"/>
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        <balance>4510000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3828475.860000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN HLTH EDL FACS AUTH S WISMED 11/60 FIXED OID 6.375</title>
        <cusip>97671VCY9</cusip>
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          <isin value="US97671VCY92"/>
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        <balance>4100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4081495.060000</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>2060-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.375</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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI POOLED CHRT PUBEDU 07/62 ADJUSTABLE VAR</title>
        <cusip>74448GAB5</cusip>
        <identifiers>
          <isin value="US74448GAB59"/>
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        <balance>1360226.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1089881.080000</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>2062-07-01</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>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/56 FIXED 5</title>
        <cusip>13034AQ86</cusip>
        <identifiers>
          <isin value="US13034AQ869"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1891009.120000</valUSD>
        <pctVal>0.0321787</pctVal>
        <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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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA HOUSING FINANCE AUTHOR</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>INDIANA ST HSG   CMNTY DEV AUT INSMFH 01/36 FIXED 5.75</title>
        <cusip>45506CAM9</cusip>
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          <isin value="US45506CAM91"/>
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        <curCd>USD</curCd>
        <valUSD>1600068.800000</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>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>59807PAE5</cusip>
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          <isin value="US59807PAE51"/>
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        <balance>1490000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1491138.210000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</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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      <invstOrSec>
        <name>STERLING RANCH COMMUNITY AUTHORITY BOARD</name>
        <lei>N/A</lei>
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        <cusip>85950NAY6</cusip>
        <identifiers>
          <isin value="US85950NAY67"/>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1760212.300000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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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>
        <valUSD>2134273.200000</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>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
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        <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>
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        <curCd>USD</curCd>
        <valUSD>6135208.680000</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>2055-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SOUTHWEST INDEPENDENT SCHOOL DISTRICT</name>
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        <cusip>845267D67</cusip>
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          <isin value="US845267D674"/>
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        <balance>6000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5991799.200000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>HOUSING AUTHORITY OF THE COUNTY OF DEKALB, GEORGIA</name>
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        <title>SOLACE GROVE  FIRST BAPTIST FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TV74</cusip>
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          <other otherDesc="Internal ID" value="WHLNZZ9Y7"/>
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        <balance>17330000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17332821.320000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>LAKEWOOD RANCH STEWARDSHIP DISTRICT</name>
        <lei>N/A</lei>
        <title>LAKEWOOD RANCH FL STEWARDSHIP LKRGEN 05/55 FIXED OID 5.9</title>
        <cusip>51265KGD4</cusip>
        <identifiers>
          <isin value="US51265KGD46"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1028060.100000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.9</annualizedRt>
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        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
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        <title>ORANGE CNTY FLA HEALTH FACS AU 08/54 5</title>
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          <isin value="US68450LJC00"/>
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        <curCd>USD</curCd>
        <valUSD>2080666.570000</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>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990KFV0</cusip>
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          <isin value="US64990KFV08"/>
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        <curCd>USD</curCd>
        <valUSD>8211231.730000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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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>2028123.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <name>CITY OF CRANDALL TX</name>
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          <isin value="US224384AR84"/>
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        <balance>540000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535037.780000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2045-09-15</maturityDt>
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          <annualizedRt>5.25</annualizedRt>
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        <name>AVENIR COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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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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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74442PJV85"/>
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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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>1742000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97671VCP8</cusip>
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        <balance>8000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8012280.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ENERGY FINANCE DEVELOPMENT CORPORATION</name>
        <lei>254900PRGXZMJ912RI65</lei>
        <title>NEW YORK ENERGY FIN DEV CORP NYEFAC 07/56 ADJUSTABLE VAR</title>
        <cusip>64947PAA4</cusip>
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          <isin value="US64947PAA49"/>
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        <balance>15800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16753735.400000</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>2056-07-01</maturityDt>
          <couponKind>Variable</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>NORMANDY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>NORMANDY CDD FL CAPITAL IMPT R NRMDEV 05/44 FIXED 5.3</title>
        <cusip>65618HAB5</cusip>
        <identifiers>
          <isin value="US65618HAB50"/>
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        <balance>1485000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1465047.690000</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>5.3</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 POLLUTION CONTROL FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST POLL CONTROL FIN CASPOL 12/39 FIXED OID 7.5</title>
        <cusip>130536RK3</cusip>
        <identifiers>
          <isin value="US130536RK39"/>
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        <balance>5882670.210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58.830000</valUSD>
        <pctVal>0.000001</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>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>
        <name>WEST VIRGINIA HOSPITAL FINANCE</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST HOSP FIN AUTH WVSMED 09/53 FIXED 6</title>
        <cusip>956622X25</cusip>
        <identifiers>
          <isin value="US956622X251"/>
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        <balance>8600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9296513.140000</valUSD>
        <pctVal>0.158196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</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>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/51 FIXED OID 4.75</title>
        <cusip>64542PBX2</cusip>
        <identifiers>
          <isin value="US64542PBX24"/>
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        <balance>8110000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6082500.000000</valUSD>
        <pctVal>0.103504</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>4.75</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>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 11/46 FIXED 5</title>
        <cusip>13048TG23</cusip>
        <identifiers>
          <isin value="US13048TG233"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>958999.800000</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>2046-11-01</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>
        <name>HUNTINGTON LOCAL DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>HUNTINGTON NY LOCAL DEV CORP R HUNDEV 07/27 FIXED OID 4</title>
        <cusip>446490AS3</cusip>
        <identifiers>
          <isin value="US446490AS34"/>
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        <balance>1430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1406631.230000</valUSD>
        <pctVal>0.0239362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</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>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"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7409541.300000</valUSD>
        <pctVal>0.126086</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>
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      <invstOrSec>
        <name>TENNESSEE ENERGY ACQUISITION CORPORATION</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>TENNESSEE ENERGY ACQUISITION C TNSUTL 05/52 ADJUSTABLE VAR</title>
        <cusip>88044TAL3</cusip>
        <identifiers>
          <isin value="US88044TAL35"/>
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        <balance>17750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18971789.300000</valUSD>
        <pctVal>0.322837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>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>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>WEST VIRGINIA ST ECON DEV AUTH WVSDEV 01/55 ADJUSTABLE VAR</title>
        <cusip>95648VBU2</cusip>
        <identifiers>
          <isin value="US95648VBU26"/>
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        <balance>11620000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12377572.870000</valUSD>
        <pctVal>0.210625</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>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>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 04/40 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>9184569.630000</valUSD>
        <pctVal>0.156291</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>
        <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1821068.550000</valUSD>
        <pctVal>0.0309886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</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>OHIO STATE</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>OHIO ST HOSP REVENUE OHSMED 11/38 FIXED 4</title>
        <cusip>67756CEZ7</cusip>
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          <isin value="US67756CEZ77"/>
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        <balance>1280000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1257983.100000</valUSD>
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        <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>
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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 07/46 FIXED 5</title>
        <cusip>64542PAV7</cusip>
        <identifiers>
          <isin value="US64542PAV76"/>
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        <balance>5910000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5333775.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</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>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 09/41 FIXED 5</title>
        <cusip>452153PB9</cusip>
        <identifiers>
          <isin value="US452153PB99"/>
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        <balance>25000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26624622.500000</valUSD>
        <pctVal>0.453063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</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>MONTGOMERY ALA MED CLINIC BRD HEALTH REV</name>
        <lei>N/A</lei>
        <title>MONTGOMERY AL MED CLINIC BRD H MONMED 03/29 FIXED 5</title>
        <cusip>613058CW4</cusip>
        <identifiers>
          <isin value="US613058CW43"/>
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        <balance>4570000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>457000.000000</valUSD>
        <pctVal>0.0077766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>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>369816.700000</valUSD>
        <pctVal>0.0062931</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>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>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>
        <identifiers>
          <isin value="US398547AD11"/>
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        <balance>45000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45039.170000</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>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNION COUNTY IMPROVEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>UNION CNTY NJ IMPT AUTH SOL WS UNNUTL 06/41 FIXED 8.5</title>
        <cusip>906352AC3</cusip>
        <identifiers>
          <isin value="US906352AC32"/>
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        <balance>6000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69000.000000</valUSD>
        <pctVal>0.0011742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5</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>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>9312387.240000</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>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>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>5411606.200000</valUSD>
        <pctVal>0.0920877</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <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>4421805.200000</valUSD>
        <pctVal>0.0752445</pctVal>
        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/41 FIXED 4</title>
        <cusip>45204FBF1</cusip>
        <identifiers>
          <isin value="US45204FBF18"/>
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        <balance>3375000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3266012.480000</valUSD>
        <pctVal>0.0555767</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>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 LAREDO TX WATERWORKS &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>LAREDO TX WTRWKS SWR SYS REVEN LARUTL 03/44 FIXED 4</title>
        <cusip>517039VU4</cusip>
        <identifiers>
          <isin value="US517039VU49"/>
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        <balance>3480000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3352147.930000</valUSD>
        <pctVal>0.0570425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITY OF CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/45 FIXED 5</title>
        <cusip>15114CKL7</cusip>
        <identifiers>
          <isin value="US15114CKL71"/>
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        <balance>1750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1799676.200000</valUSD>
        <pctVal>0.0306245</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>
        </securityLending>
      </invstOrSec>
      <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>15825400.000000</valUSD>
        <pctVal>0.269296</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>5.75</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>TEXAS PRIVATE ACTIVITY SURFACE TRANSPORTATION CORP</name>
        <lei>N/A</lei>
        <title>TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 06/58 FIXED 5</title>
        <cusip>882667AN8</cusip>
        <identifiers>
          <isin value="US882667AN81"/>
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        <balance>7450000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7278207.470000</valUSD>
        <pctVal>0.123851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-30</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>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>5280623.000000</valUSD>
        <pctVal>0.0898587</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 05/37 FIXED OID 4.625</title>
        <cusip>452152Y21</cusip>
        <identifiers>
          <isin value="US452152Y215"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4064597.600000</valUSD>
        <pctVal>0.069166</pctVal>
        <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>4.625</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>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SAINT PAUL MN MET MINAPT 01/37 FIXED 5</title>
        <cusip>603827K62</cusip>
        <identifiers>
          <isin value="US603827K623"/>
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        <balance>2100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2259909.540000</valUSD>
        <pctVal>0.0384562</pctVal>
        <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>
      <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>9485000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8560212.500000</valUSD>
        <pctVal>0.145667</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>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>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>3340518.170000</valUSD>
        <pctVal>0.0568446</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>823884.720000</valUSD>
        <pctVal>0.0140198</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH INDL ARSDEV 09/49 FIXED 4.5</title>
        <cusip>04108WCC4</cusip>
        <identifiers>
          <isin value="US04108WCC47"/>
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        <balance>30310000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>29469409.740000</valUSD>
        <pctVal>0.501472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>HASTINGS CAMPUS HOUSING FINANCE AUTHORITY</name>
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          <isin value="US418338AA70"/>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>MARTIN COUNTY HEALTH FACILITIES AUTHORITY</name>
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          <isin value="US573903FZ99"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION</name>
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        <cusip>409328BT7</cusip>
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          <isin value="US409328BT79"/>
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        <curCd>USD</curCd>
        <valUSD>11755491.800000</valUSD>
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        <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>
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      <invstOrSec>
        <name>HARVEST CROSSING METROPOLITAN DISTRICT NO 4</name>
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          <isin value="US41753TAA79"/>
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        <curCd>USD</curCd>
        <valUSD>2917651.480000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
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      <invstOrSec>
        <name>CITY OF SHAKOPEE MN SENIOR HOUSING REVENUE</name>
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          <isin value="US81919TAE64"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>MASSACHUSETTS STATE</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY</name>
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        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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      <invstOrSec>
        <name>GDB DEBT RECOVERY AUTHORITY OF PUERTO RICO</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TAKE BACK &amp; EXIT FACILITY FKA GMR/ALEON</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NEW YORK CITY HOUSING DEVELOPMENT CORP</name>
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        <curCd>USD</curCd>
        <valUSD>3446140.000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/35 FIXED 5</title>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK COUNTIES TOBACCO TRUST IV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT</name>
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          <isin value="US05616KBU34"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ULSTER COUNTY CAPITAL RESOURCE CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5</annualizedRt>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4</annualizedRt>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
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        <name>CENTER LAKE RANCH WEST COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>CITY OF PILOT POINT TX</name>
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        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <name>COLORADO STATE</name>
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        <name>THE DEVELOPMENT AUTHORITY OF BURKE COUNTY</name>
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      <invstOrSec>
        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>50218SAJ0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>CENTER LAKE RANCH WEST COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>151500AG0</cusip>
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          <isin value="US151500AG08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15</name>
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        <cusip>92708KAJ6</cusip>
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          <isin value="US92708KAJ60"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOUTHCENTRAL GENERAL AUTHORITY</name>
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          <isin value="US84129NLE75"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERMONT ECONOMIC DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>924157AD2</cusip>
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          <isin value="US924157AD23"/>
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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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          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.375</annualizedRt>
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      <invstOrSec>
        <name>MOBILE COUNTY INDUSTRIAL DEVEL</name>
        <lei>N/A</lei>
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        <cusip>60733UAA9</cusip>
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          <isin value="US60733UAA97"/>
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        <balance>21860000.000000</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>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <cusip>92810PAU5</cusip>
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        <balance>5568922.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3341353.200000</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>7.5</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
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          <isin value="US74444KBW36"/>
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        <curCd>USD</curCd>
        <valUSD>501927.800000</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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY</name>
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        <cusip>008051AE4</cusip>
        <identifiers>
          <isin value="US008051AE47"/>
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        <balance>18750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18763856.250000</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>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK STATE THRUWAY AUTHORITY</name>
        <lei>N/A</lei>
        <title>NEW YORK ST THRUWAY AUTH PERSO NYSTRN 03/47 FIXED 4</title>
        <cusip>650028XH1</cusip>
        <identifiers>
          <isin value="US650028XH12"/>
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        <balance>2665000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2492502.010000</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>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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        <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>Fixed</couponKind>
          <annualizedRt>8</annualizedRt>
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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>
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          <isin value="US795576KC03"/>
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        <balance>10000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10087691.000000</valUSD>
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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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      <invstOrSec>
        <name>COUNTY OF MIAMI-DADE FL TRANSIT SYSTEM</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HSG FIN AGY LTD OBL CA HSG FIN AGY H</title>
        <cusip>13034DAF1</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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        <name>CAPITAL TRUST AGENCY INC</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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        <securityLending>
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        <name>MISSOURI STATE HEALTH AND EDUCATION</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>MISSOURI ST HLTH   EDUCTNL FAC MOSMED 02/44 FIXED 4</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <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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        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/35 FIXED 4.5</title>
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          <isin value="US24880GAL32"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038496.400000</valUSD>
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      <invstOrSec>
        <name>AURORA HIGHLANDS COMMUNITY AUTHORITY BOARD</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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      <invstOrSec>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
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        <cusip>70868YAG4</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
        <lei>N/A</lei>
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          <isin value="US721614AY17"/>
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        <balance>1300000.000000</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>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
        <lei>N/A</lei>
        <title>ARLINGTON TX HGR EDU FIN CORP ARLINGTON HGR EDU FIN</title>
        <cusip>041807KZ0</cusip>
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          <isin value="US041807KZ06"/>
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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>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <cusip>8371516N4</cusip>
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          <isin value="US8371516N47"/>
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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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          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>594751AM1</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>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
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        <cusip>50218SAN1</cusip>
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          <isin value="US50218SAN18"/>
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        <balance>505000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503744.770000</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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          <isin value="US74526YFF79"/>
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        <balance>20000.000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74446HAD17"/>
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        <balance>255000.000000</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>3</fairValLevel>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>DENTON INDEPENDENT SCHOOL DISTRICT</name>
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        <name>BERKS COUNTY MUNICIPAL AUTHORITY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>FIRETHORN COMMUNITY DEVELOPMENT DISTRICT</name>
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        <pctVal>0.0190599</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>5.6</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST ECON DEV FIN AUTH KYSMED 11/46 FIXED 6.25</title>
        <cusip>49126TAX0</cusip>
        <identifiers>
          <isin value="US49126TAX00"/>
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        <balance>1150000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>824373.360000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</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>
      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
        <lei>N/A</lei>
        <title>GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/50 FIXED 3.85</title>
        <cusip>38122ND82</cusip>
        <identifiers>
          <isin value="US38122ND823"/>
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        <balance>3535000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3232623.170000</valUSD>
        <pctVal>0.0550086</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>3.85</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 10/49 FIXED 3.5</title>
        <cusip>419800LZ8</cusip>
        <identifiers>
          <isin value="US419800LZ83"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1598182.200000</valUSD>
        <pctVal>0.0271958</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>3.5</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>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 04/39 FIXED 3</title>
        <cusip>70869PMF1</cusip>
        <identifiers>
          <isin value="US70869PMF17"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2733833.700000</valUSD>
        <pctVal>0.0465208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</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>
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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>764554.410000</valUSD>
        <pctVal>0.0130102</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>
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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 11/49 FIXED 5</title>
        <cusip>45204E6F0</cusip>
        <identifiers>
          <isin value="US45204E6F05"/>
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        <balance>4900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3393250.000000</valUSD>
        <pctVal>0.0577419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/33 FIXED 7</title>
        <cusip>74526YFE0</cusip>
        <identifiers>
          <isin value="US74526YFE05"/>
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        <balance>4900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3283000.000000</valUSD>
        <pctVal>0.0558658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</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>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
        <lei>N/A</lei>
        <title>THE CHILDRENS TRUST FUND PR TO CHIGEN 05/57 ZEROCPNOID 0</title>
        <cusip>16876QBM0</cusip>
        <identifiers>
          <isin value="US16876QBM06"/>
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        <balance>69500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2089753.800000</valUSD>
        <pctVal>0.0355607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-05-15</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 01/36 FIXED 5</title>
        <cusip>650116CP9</cusip>
        <identifiers>
          <isin value="US650116CP93"/>
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        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1527075.450000</valUSD>
        <pctVal>0.0259858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>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>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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        <balance>2350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1860328.620000</valUSD>
        <pctVal>0.0316566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</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>
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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>3752001.050000</valUSD>
        <pctVal>0.0638467</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>
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          <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 03/31 FIXED 4</title>
        <cusip>65821DYD7</cusip>
        <identifiers>
          <isin value="US65821DYD73"/>
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        <balance>290000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>296158.790000</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>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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>4246583.000000</valUSD>
        <pctVal>0.0722628</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 CAROLINA MEDICAL CARE COMMISSION</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>NORTH CAROLINA ST MED CARE COM NCSMED 03/30 FIXED 4</title>
        <cusip>65821DYC9</cusip>
        <identifiers>
          <isin value="US65821DYC90"/>
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        <balance>285000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>290689.400000</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>2030-03-01</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>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 01/39 FIXED 6</title>
        <cusip>13048VQ27</cusip>
        <identifiers>
          <isin value="US13048VQ279"/>
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        <balance>15500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16175122.650000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH SALES TA NYSHGR 03/54 FIXED OID 4</title>
        <cusip>64990AWX9</cusip>
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          <isin value="US64990AWX98"/>
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        <balance>10695000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9914555.900000</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>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>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
        <title>DENTON CNTY TX SPL ASSMNT REVE DNNDEV 12/35 FIXED 5</title>
        <cusip>24880GAQ2</cusip>
        <identifiers>
          <isin value="US24880GAQ29"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY M CERTIFICATES M-070</name>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
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        <cusip>38122ND58</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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          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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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>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5</annualizedRt>
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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 02/36 FIXED OID 4</title>
        <cusip>45204FP90</cusip>
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          <isin value="US45204FP903"/>
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        <balance>505000.000000</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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        <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>
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        <balance>5000000.000000</balance>
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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>Variable</couponKind>
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        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <title>WASHINGTON ST HSG FIN COMMISSI WASHSG 07/53 FIXED 5</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2</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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 11/42 FIXED 5</title>
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        <balance>750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>774873.900000</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>FRANKLIN COUNTY INDUSTRIAL DEV</name>
        <lei>N/A</lei>
        <title>FRANKLIN CNTY PA INDL DEV AUTH FRADEV 12/53 FIXED 5</title>
        <cusip>353273BZ7</cusip>
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        <name>PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CITY OF PRINCETON TX</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>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <balance>15400000.000000</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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        <securityLending>
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      <invstOrSec>
        <name>CITY OF SHAKOPEE MN SENIOR HOUSING REVENUE</name>
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        <cusip>81919TAF3</cusip>
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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>
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      <invstOrSec>
        <name>TAMPA HEALTH SYSTEMS</name>
        <lei>N/A</lei>
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        <balance>4710000.000000</balance>
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        <curCd>USD</curCd>
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        <name>V-DANA COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION</name>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <name>WEST SACRAMENTO REDEVELOPMENT AGENCY SUCCESSOR AGENCY</name>
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        <name>EDGEWATER WEST COMMUNITY DEVELOPMENT DISTRICT</name>
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        <valUSD>2429879.250000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US04052TDD46"/>
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        <balance>4974385.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3786207.380000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <cusip>676900YJ6</cusip>
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          <isin value="US676900YJ66"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2514204.000000</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>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.1</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>650116CG9</cusip>
        <identifiers>
          <isin value="US650116CG94"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1032442.100000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <title>MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/54 FIXED OID 5</title>
        <cusip>57585BBT4</cusip>
        <identifiers>
          <isin value="US57585BBT44"/>
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        <balance>1200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1155604.560000</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>2054-07-01</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>CITY OF CHICAGO</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>CHICAGO IL CHI 01/39 FIXED 5.5</title>
        <cusip>167486P52</cusip>
        <identifiers>
          <isin value="US167486P526"/>
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        <balance>8200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8603080.020000</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>5.5</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 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"/>
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        <balance>5200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5202491.840000</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>2039-06-01</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>
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      <invstOrSec>
        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
        <lei>N/A</lei>
        <title>CALIFORNIA CNTY CA TOBACCO SEC CASGEN 06/55 ZEROCPNOID 0</title>
        <cusip>13016NFC3</cusip>
        <identifiers>
          <isin value="US13016NFC39"/>
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        <balance>10445000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1988259.020000</valUSD>
        <pctVal>0.0338336</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>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>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>1935273.860000</valUSD>
        <pctVal>0.032932</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>
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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 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>4926029.620000</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>Fixed</couponKind>
          <annualizedRt>5</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>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9362903.460000</valUSD>
        <pctVal>0.159326</pctVal>
        <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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF DETROIT</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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        <cusip>2510936D7</cusip>
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          <isin value="US2510936D73"/>
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        <balance>515000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526894.080000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.844</annualizedRt>
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          <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>
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        <curCd>USD</curCd>
        <valUSD>2723592.750000</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</annualizedRt>
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        <name>GEISINGER AUTH PA HEALTH SYSTEM</name>
        <lei>N/A</lei>
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        <cusip>368497JV6</cusip>
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        <balance>14750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12865596.050000</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>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 12/54 FIXED 5.25</title>
        <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>33581671.200000</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>2054-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 01/35 ZEROCPNOID 0</title>
        <cusip>74442PPR0</cusip>
        <identifiers>
          <isin value="US74442PPR00"/>
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        <balance>3480000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2101568.520000</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>None</couponKind>
          <annualizedRt>0</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>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5</title>
        <cusip>888809BG4</cusip>
        <identifiers>
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        <balance>14280000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14160029.440000</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>2050-06-01</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>
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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>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
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          <isin value="US64542PCP80"/>
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        <balance>1450000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>290000.000000</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>7</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>
      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 05/46 FIXED OID 4.25</title>
        <cusip>452153KD0</cusip>
        <identifiers>
          <isin value="US452153KD01"/>
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        <balance>9500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8970999.150000</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>2046-05-01</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>
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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 10/35 FIXED 5</title>
        <cusip>650116CY0</cusip>
        <identifiers>
          <isin value="US650116CY01"/>
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        <balance>6715000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7007397.960000</valUSD>
        <pctVal>0.119243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>COUNTY OF MIAMI-DADE FL WATER &amp; SEWER SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL WTR   SWR R MIAUTL 10/49 FIXED 4</title>
        <cusip>59334DLV4</cusip>
        <identifiers>
          <isin value="US59334DLV46"/>
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        <balance>6785000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6217220.340000</valUSD>
        <pctVal>0.105797</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>
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      </invstOrSec>
      <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>6029716.800000</valUSD>
        <pctVal>0.102606</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>
          <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 10/51 FIXED 4.25</title>
        <cusip>88285AFZ6</cusip>
        <identifiers>
          <isin value="US88285AFZ66"/>
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        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9522676.000000</valUSD>
        <pctVal>0.162045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</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>
        <name>MISSOURI DEVELOPMENT FINANCE BOARD</name>
        <lei>549300JD8BCNBV9D3830</lei>
        <title>MISSOURI ST DEV FIN BRD MOSDEV 05/52 FIXED 5.75</title>
        <cusip>60636VDC8</cusip>
        <identifiers>
          <isin value="US60636VDC81"/>
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        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7390128.900000</valUSD>
        <pctVal>0.125756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</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>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 11/46 FIXED 4</title>
        <cusip>97712JMW0</cusip>
        <identifiers>
          <isin value="US97712JMW08"/>
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        <balance>2080000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1912444.350000</valUSD>
        <pctVal>0.0325435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</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>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>2573260.850000</valUSD>
        <pctVal>0.0437884</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>LANCASTER MUNICIPAL AUTHORITY</name>
        <lei>N/A</lei>
        <title>LANCASTER PA MUNI AUTH HLTHCAR LANCASTER MUNI AUTH A</title>
        <cusip>514350AM9</cusip>
        <identifiers>
          <isin value="US514350AM91"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741140.550000</valUSD>
        <pctVal>0.0126118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</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>V-DANA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>V DANA CDD FL SPL ASSMNT VDADEV 05/45 FIXED 5.375</title>
        <cusip>91822RAN5</cusip>
        <identifiers>
          <isin value="US91822RAN52"/>
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        <balance>900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>908229.870000</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>2045-05-01</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>
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      <invstOrSec>
        <name>HOBE-ST LUCIE CONSERVANCY DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>434043AC9</cusip>
        <identifiers>
          <isin value="US434043AC97"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2553373.250000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST HLTH   EDUCTNL RISMED 07/45 FIXED 5</title>
        <cusip>762244NX5</cusip>
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          <isin value="US762244NX56"/>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1536223.650000</valUSD>
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        <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>
          <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>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>1456656.300000</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>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35</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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/26 FIXED 5.25</title>
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          <isin value="US74526YDR36"/>
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        <balance>670000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>448900.000000</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>2026-07-01</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>CITY OF ROWLETT</name>
        <lei>549300XN25SMDVQJM820</lei>
        <title>ROWLETT TX SPL ASSMNT REVENUE ROWGEN 09/36 FIXED 5.75</title>
        <cusip>779719AA1</cusip>
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          <isin value="US779719AA17"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100379.230000</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>2036-09-15</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>CITY OF PHOENIX CIVIC IMPROVEMENT CORP</name>
        <lei>N/A</lei>
        <title>PHOENIX AZ CIVIC IMPT CORP WST PHOUTL 07/42 FIXED 5</title>
        <cusip>71883PML8</cusip>
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          <isin value="US71883PML84"/>
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        <balance>6000000.000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY ML CERTIFICATES</name>
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        <name>CLUB MUNICIPAL MANAGEMENT DISTRICT NO 1</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>CITY OF ATLANTIC CITY NJ</name>
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        <balance>815000.000000</balance>
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        <curCd>USD</curCd>
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        <name>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>CMFA SPECIAL FINANCE AGENCY</name>
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        <name>COUNTY OF GRAND FORKS</name>
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        <name>DENTON ESSENTIAL INVESTMENTS PUBLIC FACILITY CORP</name>
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        <assetCat>DBT</assetCat>
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        <name>WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY DEDICATED REVENUE</name>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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        <cusip>452153AQ2</cusip>
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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>PUERTO RICO ELECTRIC POWER AUTHORITY</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
        <lei>N/A</lei>
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        <cusip>16876QBL2</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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          <isin value="US64542PAT21"/>
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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>CHICAGO OHARE INTERNATIONAL AIRPORT</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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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <curCd>USD</curCd>
        <valUSD>3015261.900000</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>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TURNPIKE SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>FLORIDA ST TURNPIKE AUTH TURNP FLSTRN 07/54 FIXED OID 4</title>
        <cusip>343137UQ6</cusip>
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        <balance>12500000.000000</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>
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          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
        <title>CAPITAL TRUST AUTH FL EDUCTNL CAPITAL TRUST AGY A</title>
        <cusip>14054WAL9</cusip>
        <identifiers>
          <isin value="US14054WAL90"/>
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        <balance>4250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4320408.050000</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>6.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CITY OF VALPARAISO IN</name>
        <lei>N/A</lei>
        <title>VALPARAISO IN REVENUE VLPGEN 10/50 FIXED OID 6.25</title>
        <cusip>92031PAA2</cusip>
        <identifiers>
          <isin value="US92031PAA21"/>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1775623.150000</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>6.25</annualizedRt>
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        <securityLending>
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      <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"/>
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        <balance>7500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7703588.250000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
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        <securityLending>
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      <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>
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        <curCd>USD</curCd>
        <valUSD>3516826.080000</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</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH NY BRIDGE   TUNNEL TRBGEN 12/43 FIXED 5</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON HEALTH CARE FACILITIES AUTHORITY</name>
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        <title>WASHINGTON ST HLTH CARE FACS A WASMED 10/35 FIXED 5</title>
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        <name>CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <title>FORT WHIPPLE VETERANS HOUSING FIXED DELAYED DRAW TERM LOAN</title>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI HLTHCARE FA PUBMEC 07/37 FIXED 5</title>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>514119.450000</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</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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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>
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        <identifiers>
          <isin value="US795576HL49"/>
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        <balance>3430000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3450922.310000</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>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>3200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3182211.840000</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>2035-06-15</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 01/60 ZEROCPNOID 0</title>
        <cusip>74442PPS8</cusip>
        <identifiers>
          <isin value="US74442PPS82"/>
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        <balance>43000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4002874.300000</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>2060-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST HGR EDUCTNL FA PASHGR 08/49 FIXED 5</title>
        <cusip>70917S6Z1</cusip>
        <identifiers>
          <isin value="US70917S6Z14"/>
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        <balance>12200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12432112.320000</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>2049-08-15</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>
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        <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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SILICON VALLEY TOBACCO SECURITIZATION AUTHORITY</name>
        <lei>N/A</lei>
        <title>SILICON VLY CA TOBACCO SECURIT SILGEN 06/36 ZEROCPNOID 0</title>
        <cusip>82706TAA9</cusip>
        <identifiers>
          <isin value="US82706TAA97"/>
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        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2805984.500000</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>2036-06-01</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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      </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>3495152J4</cusip>
        <identifiers>
          <isin value="US3495152J44"/>
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        <balance>6940000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6641887.440000</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>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>UTAH HSG CORP SINGLE FAMILY MTG REV</name>
        <lei>549300YXWQEI0S47WI02</lei>
        <title>HOWICK LLLP FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TSY9</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNZZ9M3"/>
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        <balance>30000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30004884.000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.5</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 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>942725.270000</valUSD>
        <pctVal>0.0160421</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>8360000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7769934.480000</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>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALEM HOSPITAL FACILITY AUTHORITY</name>
        <lei>N/A</lei>
        <title>SALEM OR HOSP FAC AUTH REVENUE SALMED 05/47 FIXED 4</title>
        <cusip>794458GK9</cusip>
        <identifiers>
          <isin value="US794458GK96"/>
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        <balance>875000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>734875.050000</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>2047-05-15</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>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 09/42 FIXED 5</title>
        <cusip>452153PC7</cusip>
        <identifiers>
          <isin value="US452153PC72"/>
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        <balance>19100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20149863.970000</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>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
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        <title>FLORIDA ST DEV FIN CORP FLORIDA DEV FIN CORP</title>
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          <isin value="US340618DR59"/>
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        <balance>9800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9630516.840000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST ECON DEV CORP HSG DEV</name>
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        <title>MARYLAND ST ECON DEV CORP SPL MDSDEV 09/40 FIXED 4</title>
        <cusip>57422FAE6</cusip>
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          <isin value="US57422FAE60"/>
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        <balance>2000000.000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>KENTON CNTY KY ARPT BRD ARPT REV</name>
        <lei>N/A</lei>
        <title>KENTON CNTY KY ARPT BRD KENTON CNTY KY ARPT A</title>
        <cusip>491026WH9</cusip>
        <identifiers>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2109973.800000</valUSD>
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        <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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        <name>COUNTY OF MIAMI-DADE SEAPORT DEPARTMENT</name>
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        <balance>10000000.000000</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>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <title>CLOVERDALE ALEXANDER FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TTS1</cusip>
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        <balance>20780000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20785490.910000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8507</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>PUBLIC AUTHORITY FOR COLORADO ENERGY</name>
        <lei>549300C6IJKXQOMRAB11</lei>
        <title>PUBLIC AUTH FOR COLORADO ST EN PUBUTL 11/28 FIXED OID 6.25</title>
        <cusip>744387AC5</cusip>
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        <balance>1440000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1521170.780000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY HOTEL PROJECT REVENUE</name>
        <lei>N/A</lei>
        <title>FRANKLIN CNTY OH CONVENTION FA FRAFAC 12/33 FIXED 5</title>
        <cusip>35317DAJ4</cusip>
        <identifiers>
          <isin value="US35317DAJ46"/>
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        <balance>1170000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1209271.640000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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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 EDU R AZSEDU 12/51 FIXED 4</title>
        <cusip>04052BMT8</cusip>
        <identifiers>
          <isin value="US04052BMT88"/>
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        <curCd>USD</curCd>
        <valUSD>544049.170000</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>2051-12-15</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>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>
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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>2059-01-01</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>LAMAR CONSOLIDATED INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LAMAR TX CONSOL INDEP SCH DIST LAMSCD 02/48 FIXED OID 4</title>
        <cusip>513174H88</cusip>
        <identifiers>
          <isin value="US513174H880"/>
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        <balance>9000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8363094.300000</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>2048-02-15</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>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 12/39 FIXED 5</title>
        <cusip>74442ELT5</cusip>
        <identifiers>
          <isin value="US74442ELT54"/>
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        <balance>700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>707693.840000</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>2039-12-15</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HICKORY TREE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>HICKORY TREE CMNTY DEV DIST HICKORY TREE CDD</title>
        <cusip>429079AB2</cusip>
        <identifiers>
          <isin value="US429079AB20"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002330.900000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15</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 MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/55 FIXED OID 5.375</title>
        <cusip>13051EAJ9</cusip>
        <identifiers>
          <isin value="US13051EAJ91"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3935506.400000</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>2055-01-01</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>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/44 FIXED OID 4</title>
        <cusip>167593M41</cusip>
        <identifiers>
          <isin value="US167593M419"/>
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        <balance>3000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2800114.200000</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>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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 02/49 FIXED 4</title>
        <cusip>64971XYA0</cusip>
        <identifiers>
          <isin value="US64971XYA08"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3655813.200000</valUSD>
        <pctVal>0.0622099</pctVal>
        <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>4</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>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 12/33 FIXED 5</title>
        <cusip>74440DFQ2</cusip>
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          <isin value="US74440DFQ25"/>
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        <balance>9500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9855524.200000</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>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>1637870.400000</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>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>WILD RIVERS WATER PARK</name>
        <lei>N/A</lei>
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        <balance>7500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5835325.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.5</annualizedRt>
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        <securityLending>
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        <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>
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          <isin value="US040523AF98"/>
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        <balance>4030000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94705.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>CAPITAL TRUST AUTHORITY</name>
        <lei>N/A</lei>
        <title>CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/45 FIXED OID 5</title>
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          <isin value="US14054WBU80"/>
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        <balance>1250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1205505.380000</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>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 05/50 FIXED 5.25</title>
        <cusip>64972JCE6</cusip>
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          <isin value="US64972JCE64"/>
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        <balance>11000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11513537.200000</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>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/45 FIXED OID 4.375</title>
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          <isin value="US650116DA16"/>
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        <balance>8290000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7729339.840000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</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>
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          <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 01/44 FIXED 5.25</title>
        <cusip>62620HJX1</cusip>
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          <isin value="US62620HJX17"/>
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        <balance>1100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1176532.280000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>COLUMBIA COUNTY HOSPITAL AUTHORITY/GA</name>
        <lei>N/A</lei>
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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>METROPOLITAN PIER &amp; EXPOSITION</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
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        <balance>700000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
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        <cusip>64542PBW4</cusip>
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          <isin value="US64542PBW41"/>
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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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        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
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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>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH HLTH SYS R INSMED 10/57 ADJUSTABLE VAR</title>
        <cusip>45470YGG0</cusip>
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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>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>49126TBD3</cusip>
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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>5.125</annualizedRt>
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      <invstOrSec>
        <name>STATE OF ILLINOIS SALES TAX REVENUE</name>
        <lei>N/A</lei>
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        <balance>2785000.000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 12/38 FIXED 5</title>
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          <annualizedRt>5</annualizedRt>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH LTD OBLIG MISFIN 09/40 FIXED 4.8</title>
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        <name>SOUTH CAROLINA JOBS COALITION</name>
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        <name>COUNTY OF HARRIS TX TOLL ROAD REVENUE</name>
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        <name>ENERGY SOUTHEAST A COOPERATIVE DISTRICT</name>
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        <name>BRISTOL INDUSTRIAL DEVELOPMENT BOARD</name>
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        <assetCat>DBT</assetCat>
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        <name>WYANDOTTE CNTY KANS CITY KANS UNI GOVT UTIL SYS REV</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <name>IDAHO HEALTH FACS AUTH REV</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>COLORADO SCH MINES AUX FACS REV</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>MONROE COUNTY INDUSTRIAL DEVELOPMENT CORPORATION</name>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COUNTY OF CUYAHOGA OH</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
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          <couponKind>None</couponKind>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>COUNTY OF SACRAMENTO CA</name>
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        <name>CALIFORNIA SCHOOL FINANCE AUTHORITY</name>
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        <name>DENTON CNTY TEX</name>
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        <name>THE METROPOLITAN NASHVILLE AIRPORT AUTHORITY</name>
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        <name>CITY OF CELINA TX</name>
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        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
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        <name>THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      </invstOrSec>
      <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>16975951.200000</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>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>CITY OF CELINA TX</name>
        <lei>N/A</lei>
        <title>CELINA TX SPL ASSESSMENT REVEN CELGEN 09/53 FIXED OID 5.375</title>
        <cusip>15114CJX3</cusip>
        <identifiers>
          <isin value="US15114CJX39"/>
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        <balance>226000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229668.910000</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>2053-09-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL ED FACS FIN NHPFAC 11/55 FIXED 5</title>
        <cusip>64542UHB3</cusip>
        <identifiers>
          <isin value="US64542UHB35"/>
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        <balance>1200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1168144.560000</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>2055-11-01</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>
        <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>
        <identifiers>
          <isin value="US742400CN20"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>742984.650000</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>2054-09-01</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>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>650116CX2</cusip>
        <identifiers>
          <isin value="US650116CX28"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2039791.000000</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>2030-10-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAGNOLIA ISLAND COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>MAGNOLIA ISLAND CDD FL CAPITAL MGIDEV 05/55 FIXED 5.75</title>
        <cusip>559613AC8</cusip>
        <identifiers>
          <isin value="US559613AC83"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002765.800000</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>2055-05-01</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>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>89026.600000</valUSD>
        <pctVal>0.0015149</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>
        <name>METROPOLITAN WASHINGTON AIRPORTS AUTHORITY AVIATION REVENUE</name>
        <lei>N/A</lei>
        <title>MET WASHINGTON DC ARPTS AUTH A MET WA ARPT AUTH A RE</title>
        <cusip>592647NF4</cusip>
        <identifiers>
          <isin value="US592647NF45"/>
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        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10396868.000000</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>2049-10-01</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>
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          <isLoanByFund>N</isLoanByFund>
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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>340618DW4</cusip>
        <identifiers>
          <isin value="US340618DW45"/>
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        <balance>8500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8368929.150000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF 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>4113644.600000</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>7350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8247048.390000</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>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>
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      <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"/>
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        <balance>9700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9699899.120000</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>2026-07-01</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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      <invstOrSec>
        <name>CAPITAL TRUST AGENCY INC</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL REVENUE 01/60  0</title>
        <cusip>14052WDH7</cusip>
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        <balance>22070000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2054498.510000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>51206YAT7</cusip>
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        <balance>685000.000000</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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        <name>TEXAS WATER DEVELOPMENT BOARD</name>
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        <balance>12250000.000000</balance>
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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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          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375</annualizedRt>
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        <securityLending>
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        <name>CHICAGO BOARD OF EDUCATION</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>CHICAGO IL BRD OF EDU CHIEDU 12/45 FIXED OID 5.5</title>
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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>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST HLTH   EDUCTNL RISMED 07/37 FIXED 5</title>
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        <balance>375000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409806.680000</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</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>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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          <isin value="US649519DC68"/>
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        <curCd>USD</curCd>
        <valUSD>6499641.200000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>16964250.320000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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          <isin value="US97712JPJ69"/>
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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>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>NEZ PERCE CNTY IDAHO POLLUTION CTL REV</name>
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        <cusip>65344YAN3</cusip>
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          <isin value="US65344YAN31"/>
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        <balance>2750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2820422.280000</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>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7</name>
        <lei>N/A</lei>
        <title>COLORADO INTL CTR MET DIST NO CICDEV 12/51 INT APROID VAR</title>
        <cusip>19650TAA7</cusip>
        <identifiers>
          <isin value="US19650TAA79"/>
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        <balance>4955000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4108507.620000</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>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
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        <cusip>58611YAC8</cusip>
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          <isin value="US58611YAC84"/>
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        <balance>850000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580790.720000</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>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <identifiers>
          <isin value="US16557HEC51"/>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2512504.000000</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>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>980110.300000</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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45</annualizedRt>
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      <invstOrSec>
        <name>DOUGLAS COUNTY HOSPITAL AUTHORITY NO 2</name>
        <lei>N/A</lei>
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        <cusip>259230PH7</cusip>
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          <isin value="US259230PH73"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>894869.800000</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>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <curCd>USD</curCd>
        <valUSD>1265568.330000</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>ESTRELLA MOUNTAIN RANCH COMMUNITY FACILITIES DISTRICT</name>
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        <curCd>USD</curCd>
        <valUSD>416488.810000</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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      <invstOrSec>
        <name>OHIO HOUSING FINANCE 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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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>ILLINOIS ST</name>
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        <name>CITY OF PILOT POINT TX</name>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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        <title>MICHIGAN ST FIN AUTH LTD OBLIG MISFIN 05/46 FIXED 5</title>
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        <balance>1435000.000000</balance>
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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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      </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>
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          <isin value="US723846AC50"/>
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        <curCd>USD</curCd>
        <valUSD>945221.360000</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>2055-05-01</maturityDt>
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          <annualizedRt>5.3</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>CHICAGO IL BRD OF EDU CHIEDU 12/34 FIXED OID 5</title>
        <cusip>167505ZA7</cusip>
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          <isin value="US167505ZA71"/>
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        <balance>5000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5078883.500000</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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 08/47 FIXED 4</title>
        <cusip>97712DE77</cusip>
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          <isin value="US97712DE778"/>
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        <balance>3500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3147510.100000</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>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY</name>
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          <isin value="US13080SNN08"/>
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        <balance>1900000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1828061.250000</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>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE GROVES SENIORS APARTMENTS - IMPACT FUND LIHTC PORTFOLIO</name>
        <lei>N/A</lei>
        <title>THE GROVES SEN APARTMENTS 2 FIXED TERM LOAN 2</title>
        <cusip>BA000DPF8</cusip>
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          <other otherDesc="Internal ID" value="WHLNRT9K0"/>
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        <balance>7941456.200000</balance>
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        <curCd>USD</curCd>
        <valUSD>7175105.680000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRADITION COMMUNITY DEVELOPMENT DISTRICT NO 9</name>
        <lei>N/A</lei>
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        <cusip>89269NAG3</cusip>
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          <isin value="US89269NAG34"/>
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        <balance>880000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>883923.300000</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>5.65</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CROSSWINDS EAST COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
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          <isin value="US22769LAC28"/>
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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>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE</name>
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        <cusip>688031EL3</cusip>
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          <isin value="US688031EL30"/>
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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>2031-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <cusip>97671VCU7</cusip>
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          <isin value="US97671VCU70"/>
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        <balance>4800000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4995218.880000</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>2060-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOWER COLORADO RIVER AUTHORITY EMPLOYEES UNITED C</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>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <name>SOUTH CAROLINA PUBLIC SERVICES AUTHORITY (AKA: SANTEE COOPER)</name>
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        <name>PINE GROVE POWERS AVENUE - IMPACT FUND LIHTC PORTFOLIO</name>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <name>COLORADO CROSSING METROPOLITAN DISTRICT NO 2</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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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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          <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 OID 5.125</title>
        <cusip>59561UAA8</cusip>
        <identifiers>
          <isin value="US59561UAA88"/>
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        <balance>5940000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5881590.790000</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>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CYPRESS-FAIRBANKS INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>CYPRESS FAIRBANKS TX INDEP SCH CYSSCD 02/43 FIXED 4</title>
        <cusip>232769DZ9</cusip>
        <identifiers>
          <isin value="US232769DZ97"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2476108.000000</valUSD>
        <pctVal>0.0421352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>CANYONS METROPOLITAN DISTRICT NO 5</name>
        <lei>N/A</lei>
        <title>CANYONS MET DT 5 B CNYFAC 12/54 FIXED 6.5</title>
        <cusip>139071AZ7</cusip>
        <identifiers>
          <isin value="US139071AZ74"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1998199.000000</valUSD>
        <pctVal>0.0340027</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>6.5</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>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>LTC RANCH WEST RSDL CMNTY DEV LTCGEN 05/44 FIXED 5.75</title>
        <cusip>50218SAK7</cusip>
        <identifiers>
          <isin value="US50218SAK78"/>
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        <balance>985000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004766.980000</valUSD>
        <pctVal>0.0170978</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>BUILD NYC RESOURCE CORP NY REV BUIGEN 06/50 FIXED OID 5.5</title>
        <cusip>12008EXG6</cusip>
        <identifiers>
          <isin value="US12008EXG69"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989619.400000</valUSD>
        <pctVal>0.0168401</pctVal>
        <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>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>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH ST CASFIN 07/52 FIXED 5</title>
        <cusip>13049YER8</cusip>
        <identifiers>
          <isin value="US13049YER80"/>
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        <balance>1070000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>963976.270000</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>2052-07-01</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>WYANDOTTE COUNTY-KANSAS CITY UNIFIED GOVERNMENT SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>TWG VICTORY HILLS FIXED DELAYED DRAW TERM LOAN</title>
        <cusip>BA000TTZ5</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNZZ9V3"/>
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        <balance>32500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32508888.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0179</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>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>
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        <curCd>USD</curCd>
        <valUSD>3189438.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <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>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>8199496.400000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.693</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 07/30 FIXED 5.95</title>
        <cusip>74526YEZ4</cusip>
        <identifiers>
          <isin value="US74526YEZ43"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1675000.000000</valUSD>
        <pctVal>0.028503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95</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>TEXAS WATER DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>TEXAS WTR DEV BRD REVENUE TXSWTR 10/45 FIXED 4.5</title>
        <cusip>88285AKB3</cusip>
        <identifiers>
          <isin value="US88285AKB34"/>
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        <balance>5830000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5934475.350000</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>2045-10-15</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>
        <name>VAIL HOME PARTNERS CORP</name>
        <lei>N/A</lei>
        <title>VAIL HOME PARTNERS CORP CO HSG VHPHSG 10/64 FIXED OID 6</title>
        <cusip>91879VAC2</cusip>
        <identifiers>
          <isin value="US91879VAC28"/>
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        <balance>6250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6379594.380000</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>2064-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</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>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>
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          <isin value="US676900XX69"/>
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        <balance>4210000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4324461.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</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>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5</title>
        <cusip>84136HAU7</cusip>
        <identifiers>
          <isin value="US84136HAU77"/>
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        <balance>26700000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28371492.090000</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>2035-11-01</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>
        <name>GILBERTS SPECIAL SERVICE AREA NO 25</name>
        <lei>N/A</lei>
        <title>GILBERTS IL SPL SVC AREA  25 S GILFAC 03/48 INT APROID VAR</title>
        <cusip>37546TAA7</cusip>
        <identifiers>
          <isin value="US37546TAA79"/>
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        <balance>7827000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7735304.350000</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>2048-03-01</maturityDt>
          <couponKind>Variable</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>
        <name>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA CDD FL IMPT LSADEV 05/34 FIXED 5.25</title>
        <cusip>51206YAU4</cusip>
        <identifiers>
          <isin value="US51206YAU47"/>
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        <balance>2325000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2394596.320000</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>2034-05-01</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>CITY OF CRANDALL TX</name>
        <lei>N/A</lei>
        <title>CRANDALL TX SPL ASSMNT REVENUE CRAGEN 09/55 FIXED 5.5</title>
        <cusip>224384AS6</cusip>
        <identifiers>
          <isin value="US224384AS67"/>
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        <balance>1250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1245551.630000</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>2055-09-15</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>
      <invstOrSec>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING PASDEV 07/46 FIXED OID 5.25</title>
        <cusip>70869PPE1</cusip>
        <identifiers>
          <isin value="US70869PPE15"/>
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        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2225086.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7792620.500000</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>2048-02-01</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>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>
        <identifiers>
          <isin value="US938618AD75"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>753784.280000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GEORGIA MELPWR 01/49 FIXED 5</title>
        <cusip>626207X25</cusip>
        <identifiers>
          <isin value="US626207X251"/>
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        <balance>14240000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14245499.490000</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>2049-01-01</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>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/57 ADJUSTABLE VAR</title>
        <cusip>45204FQG3</cusip>
        <identifiers>
          <isin value="US45204FQG36"/>
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        <balance>5100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5100000.000000</valUSD>
        <pctVal>0.0867851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</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>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>72245000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11339083.930000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>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>1568694.090000</valUSD>
        <pctVal>0.026694</pctVal>
        <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>MANHATTAN KANS INDL REV</name>
        <lei>N/A</lei>
        <title>MANHATTAN KS HLTH CARE FAC REV MANMED 06/55 FIXED 5.5</title>
        <cusip>563017EL2</cusip>
        <identifiers>
          <isin value="US563017EL25"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002063.800000</valUSD>
        <pctVal>0.0170518</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>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>HAMMOCK OAKS COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>HAMMOCK OAKS CDD FL ASSMNT HAODEV 05/55 FIXED 5.75</title>
        <cusip>40834PAJ1</cusip>
        <identifiers>
          <isin value="US40834PAJ12"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1009967.700000</valUSD>
        <pctVal>0.0171863</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>5.75</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>SUNRISE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>SUNRISE CDD FL CAPITAL IMPT RE SSEDEV 05/55 FIXED OID 5.875</title>
        <cusip>86771UAD1</cusip>
        <identifiers>
          <isin value="US86771UAD19"/>
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        <balance>3100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3042289.470000</valUSD>
        <pctVal>0.0517697</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>5.875</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>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SAINT PAUL MN MET MINAPT 01/41 FIXED 5</title>
        <cusip>603827ZX7</cusip>
        <identifiers>
          <isin value="US603827ZX79"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>755201.480000</valUSD>
        <pctVal>0.012851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</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>SALEM HOSPITAL FACILITY AUTHORITY</name>
        <lei>N/A</lei>
        <title>SALEM OR HOSP FAC AUTH REVENUE SALMED 05/57 FIXED 4</title>
        <cusip>794458GL7</cusip>
        <identifiers>
          <isin value="US794458GL79"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>783541.200000</valUSD>
        <pctVal>0.0133333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-05-15</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>NORTHERN TOB SECURIZATION CORP ALASKA</name>
        <lei>N/A</lei>
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        <cusip>66585VCB9</cusip>
        <identifiers>
          <isin value="US66585VCB99"/>
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        <balance>110400000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12467946.720000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9022865.880000</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>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>
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          <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 09/62 INT APROID VAR</title>
        <cusip>126292CP4</cusip>
        <identifiers>
          <isin value="US126292CP41"/>
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        <balance>23500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15465791.800000</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>2062-09-01</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6122 FR 12/38 FIXED 3.8</title>
        <cusip>3132YBYT7</cusip>
        <identifiers>
          <isin value="US3132YBYT76"/>
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        <balance>9885712.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9406982.660000</valUSD>
        <pctVal>0.160076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8</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>5559581.500000</valUSD>
        <pctVal>0.0946057</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>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL NYCGEN 08/39 FIXED 4</title>
        <cusip>64971XF86</cusip>
        <identifiers>
          <isin value="US64971XF865"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4041033.200000</valUSD>
        <pctVal>0.068765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</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>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/55 FIXED OID 5.25</title>
        <cusip>57585BJU3</cusip>
        <identifiers>
          <isin value="US57585BJU35"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2508940.250000</valUSD>
        <pctVal>0.0426939</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>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>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>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>99294000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33365345.790000</valUSD>
        <pctVal>0.567768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</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>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
        <lei>N/A</lei>
        <title>MET GOVT NASHVILLE   DAVIDSONC METHGR 11/55 FIXED OID 4</title>
        <cusip>592041YV3</cusip>
        <identifiers>
          <isin value="US592041YV36"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3147000.400000</valUSD>
        <pctVal>0.0535515</pctVal>
        <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>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>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AUTHORITY</name>
        <lei>549300MSZIULDEAC1046</lei>
        <title>LEWISTOWN COMMERCE CENTER VA C LEWDEV 03/44 FIXED 6.05</title>
        <cusip>528734AJ5</cusip>
        <identifiers>
          <isin value="US528734AJ51"/>
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        <balance>154000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130422.550000</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>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05</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 07/29 FLOATING VAR</title>
        <cusip>74526QLY6</cusip>
        <identifiers>
          <isin value="US74526QLY60"/>
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        <balance>6715000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6509540.470000</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>2029-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.148</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>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY</name>
        <lei>N/A</lei>
        <title>HGR EDU FACS FING AUTH FL HGR FLSHGR 07/55 FIXED 6.25</title>
        <cusip>42982GAC2</cusip>
        <identifiers>
          <isin value="US42982GAC24"/>
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        <balance>19300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19210581.170000</valUSD>
        <pctVal>0.326901</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>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>MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>MIAMI DADE CNTY FL HSG FIN AUT MIAMFH 03/46 FIXED 4.88</title>
        <cusip>593344BZ6</cusip>
        <identifiers>
          <isin value="US593344BZ64"/>
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        <balance>3100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3095763.540000</valUSD>
        <pctVal>0.0526797</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>Fixed</couponKind>
          <annualizedRt>4.88</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>UNIVERSITY OF OREGON</name>
        <lei>549300FHOP2K4GYRPY40</lei>
        <title>UNIV OF OREGON OR GEN REVENUE UNOHGR 04/50 FIXED 5</title>
        <cusip>914767AD0</cusip>
        <identifiers>
          <isin value="US914767AD00"/>
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        <balance>5705000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5820096.660000</valUSD>
        <pctVal>0.0990388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <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>2872034.550000</valUSD>
        <pctVal>0.0488725</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>1395863.820000</valUSD>
        <pctVal>0.023753</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>RIO HONDO CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>RIO HONDO CA CMNTY CLG DIST RHDHGR 08/47 ZEROCPNOID 0</title>
        <cusip>767121EW2</cusip>
        <identifiers>
          <isin value="US767121EW22"/>
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        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1582987.050000</valUSD>
        <pctVal>0.0269372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>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>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI PROJ REVENU PUBFIN 01/50 FIXED OID 7</title>
        <cusip>74444UAC6</cusip>
        <identifiers>
          <isin value="US74444UAC62"/>
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        <balance>4750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5051706.230000</valUSD>
        <pctVal>0.0859633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</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>
        <name>CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>CALIFORNIA ST INFRASTRUCTURE CASDEV 01/61 ZEROCPNOID 0</title>
        <cusip>13034AR28</cusip>
        <identifiers>
          <isin value="US13034AR289"/>
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        <balance>42665000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3831137.810000</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>2061-01-01</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>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/34 FIXED 5.15</title>
        <cusip>649519DB8</cusip>
        <identifiers>
          <isin value="US649519DB85"/>
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        <balance>2600000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2602466.100000</valUSD>
        <pctVal>0.0442854</pctVal>
        <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>
          <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 02/51 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>7341916.000000</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>2051-02-01</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>
      <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>19350142.110000</valUSD>
        <pctVal>0.329276</pctVal>
        <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>
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        <name>COUNTY OF LANCASTER SC</name>
        <lei>5493004EFQNI7UOCFI47</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASSACHUSETTS STATE</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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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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      <invstOrSec>
        <name>COUNTY OF CUYAHOGA OH</name>
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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>4</annualizedRt>
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      <invstOrSec>
        <name>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>852015.440000</valUSD>
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        <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>5.5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
        <lei>N/A</lei>
        <title>ARLINGTON TX HGR EDU FIN CORP ARLEDU 12/51 FIXED 5</title>
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          <isin value="US041806HL73"/>
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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>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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          <isin value="US649519DA03"/>
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        <curCd>USD</curCd>
        <valUSD>19255870.660000</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>2044-11-15</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>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>N/A</lei>
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        <cusip>16080TAL9</cusip>
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          <isin value="US16080TAL98"/>
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        <balance>6550000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6798767.040000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125</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>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/26 FIXED 4</title>
        <cusip>64542PBT1</cusip>
        <identifiers>
          <isin value="US64542PBT12"/>
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        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19500.000000</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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712JDL4</cusip>
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          <isin value="US97712JDL44"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3933471.200000</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>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTH CAROLINA MEDICAL CARE COMMISSION</name>
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        <title>NORTH CAROLINA ST MED CARE COM NCSMED 03/51 FIXED 4</title>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1245399.750000</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>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <title>CALIFORNIA ST MUNI FIN AUTH RE CASFIN 12/36 FIXED 5</title>
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        <curCd>USD</curCd>
        <valUSD>181875.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <balance>3250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3159680.550000</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>
          <annualizedRt>5.75</annualizedRt>
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        <name>EVERMAN INDEPENDENT SCHOOL DISTRICT</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <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>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WAXAHACHIE INDEPENDENT SCHOOL DISTRICT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <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 PWR 07/30 4.625</title>
        <cusip>74526YBR5</cusip>
        <identifiers>
          <isin value="US74526YBR53"/>
        </identifiers>
        <balance>10000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6700.000000</valUSD>
        <pctVal>0.000114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625</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>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A C SEEPWR 01/56 ADJUSTABLE VAR</title>
        <cusip>84136HBC6</cusip>
        <identifiers>
          <isin value="US84136HBC60"/>
        </identifiers>
        <balance>20500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21375159.350000</valUSD>
        <pctVal>0.363735</pctVal>
        <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>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>MANGINI PLACE APARTMENTS - IMPACT FUND LIHTC PORTFOLIO</name>
        <lei>N/A</lei>
        <title>MANGINI PLACE APARTMENTS FIXED TERM LOAN</title>
        <cusip>BA000DPJ0</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="WHLNSW9L0"/>
        </identifiers>
        <balance>19029186.530000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16610576.920000</valUSD>
        <pctVal>0.282657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.91</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6098 FR 11/40 FIXED 4.4</title>
        <cusip>3132YBX35</cusip>
        <identifiers>
          <isin value="US3132YBX359"/>
        </identifiers>
        <balance>9869789.700000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9806270.690000</valUSD>
        <pctVal>0.16687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.4</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>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
        <lei>N/A</lei>
        <title>CHARLOTTE CNTY FL INDL DEV AUT CHAUTL 10/51 FIXED 4</title>
        <cusip>16080TAG0</cusip>
        <identifiers>
          <isin value="US16080TAG04"/>
        </identifiers>
        <balance>5000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4091438.500000</valUSD>
        <pctVal>0.0696228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</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>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"/>
        </identifiers>
        <balance>9500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8458847.500000</valUSD>
        <pctVal>0.143942</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>8</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>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"/>
        </identifiers>
        <balance>78000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10655767.200000</valUSD>
        <pctVal>0.181326</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>7000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7340592.000000</valUSD>
        <pctVal>0.124913</pctVal>
        <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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US65128AAD90"/>
        </identifiers>
        <balance>2920000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2985531.810000</valUSD>
        <pctVal>0.0508039</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEANDER INDEPENDENT SCHOOL DISTRICT</name>
        <lei>N/A</lei>
        <title>LEANDER TX INDEP SCH DIST LDRSCD 08/55 FIXED 5</title>
        <cusip>521841S98</cusip>
        <identifiers>
          <isin value="US521841S980"/>
        </identifiers>
        <balance>4575000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4763825.350000</valUSD>
        <pctVal>0.0810646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</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>8675000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8687090.350000</valUSD>
        <pctVal>0.147826</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>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"/>
        </identifiers>
        <balance>5750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5778018.030000</valUSD>
        <pctVal>0.0983228</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO STATE</name>
        <lei>N/A</lei>
        <title>COLORADO ST COPS COSCTF 11/49 FIXED 5</title>
        <cusip>196711VV4</cusip>
        <identifiers>
          <isin value="US196711VV46"/>
        </identifiers>
        <balance>3865000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4027439.380000</valUSD>
        <pctVal>0.0685337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</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>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6120 FR 09/38 FIXED 3.7</title>
        <cusip>3132YBYR1</cusip>
        <identifiers>
          <isin value="US3132YBYR11"/>
        </identifiers>
        <balance>10409683.300000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9825346.870000</valUSD>
        <pctVal>0.167195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.7</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>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"/>
        </identifiers>
        <balance>7505465.040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8178281.950000</valUSD>
        <pctVal>0.139167</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MESQUITE TEX</name>
        <lei>N/A</lei>
        <title>MESQUITE TX SPL ASSMNT REVENUE MESGEN 09/45 FIXED 5.5</title>
        <cusip>590771BJ9</cusip>
        <identifiers>
          <isin value="US590771BJ96"/>
        </identifiers>
        <balance>1050000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1052165.520000</valUSD>
        <pctVal>0.0179044</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>
        </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>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Funds</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
