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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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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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          <isin value="US97712DR739"/>
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        <valUSD>1754200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
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          <annualizedRt>0.05125000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corporation</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corporation Rev. (Segment 3C)</title>
        <cusip>882667AN8</cusip>
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          <isin value="US882667AN81"/>
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        <valUSD>15616734.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Auth. Future Tax Secured Rev.</title>
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          <isin value="US64971QRU93"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15797100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County, PA Industrial Development Auth. Healthcare Fac. Rev. Refg. (Highlands at Wyomissing)</title>
        <cusip>08452RAR7</cusip>
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          <isin value="US08452RAR75"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>426453.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Airport Commission</name>
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        <title>San Francisco, CA City &amp; County Airport Commission Rev. (San Francisco International Airport)</title>
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          <isin value="US79766DKK45"/>
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        <balance>5700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6806484.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Buffalo and Erie County Industrial Land Development Corporation</name>
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        <title>Buffalo &amp; Erie County, NY Industrial Land Development Corporation Rev.</title>
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          <isin value="US11943KDC36"/>
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        <curCd>USD</curCd>
        <valUSD>1563735.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-De Anza Community College District</name>
        <lei>N/A</lei>
        <title>Foothill-De Anza, CA Community College District G.O.</title>
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          <isin value="US345102JG33"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5242250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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        <title>California Municipal Finance Auth. Refg. Rev. (California Lutheran University)</title>
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          <isin value="US13048VDJ44"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353406.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <curCd>USD</curCd>
        <valUSD>12445524.00000000</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>2032-12-01</maturityDt>
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      <invstOrSec>
        <name>North Texas Education Finance Corporation</name>
        <lei>N/A</lei>
        <title>North Texas Education Finance Corporation Education Rev. (Uplift Education)</title>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>0.05125000</annualizedRt>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>Hawaii State Harbor System Rev.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baton Rouge/Parish of East Baton Rouge</name>
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        <title>East Baton Rouge, LA Pollution Control Rev. Refg. (ExxonMobil)</title>
        <cusip>270838AJ4</cusip>
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          <isin value="US270838AJ48"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Southwest Higher Education Authority, Inc.</name>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>Kalispel Tribe Indians Priority Distr Washington Revenue</name>
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        <name>Pikeville Kentucky</name>
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        <name>Iowa Finance Authority</name>
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        <title>Iowa Finance Auth. Rev. Refg.</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>Dormitory Authority of the State of New York</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City Of Kaukauna</name>
        <lei>N/A</lei>
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          <isin value="US486296LM62"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-12-15</maturityDt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <valUSD>12248100.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>0.06000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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          <isin value="US56035DBH44"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Pier and Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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        <cusip>592247K66</cusip>
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          <isin value="US592247K668"/>
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        <curCd>USD</curCd>
        <valUSD>6065151.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Auth. Future Tax Secured Rev.</title>
        <cusip>64971W5B2</cusip>
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          <isin value="US64971W5B28"/>
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        <curCd>USD</curCd>
        <valUSD>22964350.00000000</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>2043-02-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwest Higher Education Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Southwest TX Higher Education Auth. Rev. Refg. (Southern Methodist University)</title>
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          <isin value="US845040MD35"/>
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        <valUSD>734040.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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      <invstOrSec>
        <name>St. Louis, Missouri</name>
        <lei>N/A</lei>
        <title>St. Louis, MO Airport Rev. (AGM Insured)</title>
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          <isin value="US791638F956"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1173750.00000000</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>2047-07-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County, PA Industrial Development Auth. Healthcare Fac. Rev. Refg. (Highlands at Wyomissing)</title>
        <cusip>08452RAQ9</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Auth. Rev. (2nd Program)</title>
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        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
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        <cusip>342816G66</cusip>
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        <name>Great Lakes Water Authority</name>
        <lei>N/A</lei>
        <title>Great Lakes, MI Water Auth. Water Supply System Rev.</title>
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        <invCountry>US</invCountry>
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        <name>WASHINGTON ST HGR EDU FACS AUT</name>
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        <title>Washington Higher Education Fac. Auth. Rev. (Seattle University)</title>
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        <name>West Linn - Wilsonville School District 3JT</name>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>New Orleans Port Board of Commissioners</name>
        <lei>N/A</lei>
        <title>Port of New Orleans Board of Commissioners Port Fac. Refg. Rev.</title>
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        <name>Electric Plant Board Of The City Of Paducah, Kentucky</name>
        <lei>549300XTPDPORT8VIQ62</lei>
        <title>Paducah, KY Electric Plant Board Rev. (AGM Insured)</title>
        <cusip>695317DZ7</cusip>
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        <name>Tarrant County Texas Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Park Creek Metropolitan District Colorado</name>
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          <maturityDt>2021-10-01</maturityDt>
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        <name>Colorado Health Facilities Authority (COHFA)</name>
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          <maturityDt>2049-08-01</maturityDt>
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      <invstOrSec>
        <name>Socorro Texas Independent School District</name>
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          <isin value="US833715ER21"/>
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        <name>California Infrastructure and Economic Development Bank</name>
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        <name>Florida Municipal Power Agency</name>
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        <name>Lee Memorial Health System</name>
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        <name>State Of Washington</name>
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        <name>New Hope Cultural Education Facilities Finance Corporation, Texas</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
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        <name>Palm Beach County Florida Health Facilities Authority</name>
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        <name>High Performance Transportation Enterprise, Colorado</name>
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          <maturityDt>2035-12-01</maturityDt>
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        <name>Socorro Texas Independent School District</name>
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        <name>Lafayette Louisiana Public Power Authority</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Grand Valley State University Board of Trustees</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>Goodhue County Education District 6051, Minnesota</name>
        <lei>N/A</lei>
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        <name>Jacksonville Port Authority</name>
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      <invstOrSec>
        <name>Third Coast Bancshares, Inc.</name>
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        <title>Red River Education Finance Corporation Rev. (St. Edwards University)</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Health Facilities Authority (COHFA)</name>
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          <isin value="US19648FFM14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
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        <name>City of Chula Vista</name>
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        <name>Ham Lake Minnesota</name>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2041-10-01</maturityDt>
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        <name>California Department of Water Resources</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Salt Lake City, Utah</name>
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        <name>Wisconsin Health and Educational Facilities Authority</name>
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        <name>Glendale Industrial Development Authority</name>
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        <name>SELMA AL INDL DEV BRD REVENUE</name>
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        <name>Board of Regents of Nebraska University</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Multnomah-Clackamas Counties School District No. 10JT Gresham-Barlow,Oregon</name>
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        <name>Pomona, California</name>
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        <name>Salem-Keizer Oregon School District No 24J</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>University of North Carolina</name>
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          <isin value="US037777YX14"/>
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        <name>Greeley School District No 006, Weld County, Colorado</name>
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        <name>Kentucky State Turnpike Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Tarrant County Texas Cultural Education Facilities Finance Corp.</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of San Bernardino, California</name>
        <lei>N/A</lei>
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          <isin value="US796791AC51"/>
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        <valUSD>457396.40000000</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>2023-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Orleans Port Board of Commissioners</name>
        <lei>N/A</lei>
        <title>Port of New Orleans Board of Commissioners Port Fac. Refg. Rev.</title>
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          <isin value="US734782CS20"/>
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        <valUSD>587007.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
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          <isin value="US60534TWV33"/>
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        <curCd>USD</curCd>
        <valUSD>3516475.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Minnesota Municipal Power Agency</name>
        <lei>549300LFJK9CQSN2NJ11</lei>
        <title>Western Minnesota Municipal Power Agency Rev.</title>
        <cusip>958697JV7</cusip>
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          <isin value="US958697JV76"/>
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        <curCd>USD</curCd>
        <valUSD>1161480.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Auth. Rev. (Transform 66 P3)</title>
        <cusip>928097AA2</cusip>
        <identifiers>
          <isin value="US928097AA20"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>685969.40000000</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>2047-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Tampa, Florida</name>
        <lei>N/A</lei>
        <title>Tampa, FL Hospital Rev. (H. Lee Moffitt Cancer Center)</title>
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          <isin value="US875161DD02"/>
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        <curCd>USD</curCd>
        <valUSD>620920.00000000</valUSD>
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        <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>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Regional Transportation Authority</name>
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        <title>Regional Transportation Auth., Cook, DuPage, Kane, Lake, McHenry and Will Counties, IL Rev. (NATL-RE Insured)</title>
        <cusip>759911BX7</cusip>
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          <isin value="US759911BX74"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>798744.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06700000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County Florida Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Fac. Auth. Rev. Refg. (Lifespace Communities, Inc.)</title>
        <cusip>696507UA8</cusip>
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          <isin value="US696507UA80"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3127860.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carson City Nevada</name>
        <lei>N/A</lei>
        <title>Carson City, NV Hospital Rev. Refg. (Carson Tahoe Regional Medical Center)</title>
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          <isin value="US145810DU87"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1740600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>The Illinois State Toll Highway Authority</name>
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        <balance>5400000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>Minnesota Municipal Power Agency</name>
        <lei>5493007DGBKI6ICBXO38</lei>
        <title>Minnesota Municipal Power Agency Electric Rev.</title>
        <cusip>60412PFX3</cusip>
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          <isin value="US60412PFX33"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>The Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>Illinois State Toll Highway Auth. Senior Rev.</title>
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        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
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      <invstOrSec>
        <name>New York Transportation Development Corporation</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corporation Special Fac. Rev. (LaGuardia Airport )</title>
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      <invstOrSec>
        <name>Kent State University</name>
        <lei>549300HL3HX54032AG28</lei>
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      <invstOrSec>
        <name>North East Independent School District, Texas</name>
        <lei>N/A</lei>
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          <isin value="US6591542Y39"/>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Minnesota Municipal Power Agency</name>
        <lei>5493007DGBKI6ICBXO38</lei>
        <title>Minnesota Municipal Power Agency Electric Rev.</title>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Broward County, Florida</name>
        <lei>N/A</lei>
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        <lei>5493007DGBKI6ICBXO38</lei>
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          <isin value="US60412PDU12"/>
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        <name>Colorado Health Facilities Authority (COHFA)</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US235036R440"/>
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          <maturityDt>2033-11-01</maturityDt>
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        <name>Kansas Turnpike Authority</name>
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          <maturityDt>2037-09-01</maturityDt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Housing Authority of Snohomish County</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
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      <invstOrSec>
        <name>Michigan State Strategic Fund Ltd</name>
        <lei>N/A</lei>
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          <isin value="US594698QQ84"/>
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          <maturityDt>2033-12-31</maturityDt>
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        <name>COLUMBIA SC WTRWKS &amp; SWR SYS</name>
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          <isin value="US198504ZV72"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-02-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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        <title>Massachusetts Health &amp; Educational Fac. Auth. Rev. (Tufts University)</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>Regents Of The University Of Colorado</name>
        <lei>N/A</lei>
        <title>University of Colorado University Enterprise Rev.</title>
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        <name>Michigan State Strategic Fund Ltd</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Rev.</title>
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          <isin value="US594698QV79"/>
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        <name>Dormitory Authority of the State of New York</name>
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        <name>State Of Illinois</name>
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        <name>Western Minnesota Municipal Power Agency</name>
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        <name>WASHINGTON ST HGR EDU FACS AUT</name>
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        <name>Kent County Levy Court</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority New York</name>
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        <name>Tobacco Settlement Financing Corporation (New Jersey)</name>
        <lei>N/A</lei>
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        <name>Illinois Finance Authority</name>
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        <lei>N/A</lei>
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        <name>Clifton Higher Education Finance Corporation</name>
        <lei>N/A</lei>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <name>Anaheim Public Financing Authority</name>
        <lei>N/A</lei>
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        <name>University of Kansas Hospital Authority</name>
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        <name>Metropolitan Pier and Exposition Authority</name>
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        <name>Municipal Electric Authority Of Georgia</name>
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        <name>Ohio Turnpike and Infrastructure Commission</name>
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        <name>University of Minnesota</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Texas Veterans Land Board</name>
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        <name>Clifton Higher Education Finance Corporation</name>
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        <name>Metropolitan Pier and Exposition Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>The New York City Municipal Water Finance Authority</name>
        <lei>N/A</lei>
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        <name>Harris County Industrial Development Corp., Texas</name>
        <lei>N/A</lei>
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        <name>New Orleans Aviation Board</name>
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        <name>Volusia County Educational Facilities Authority</name>
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        <name>Los Angeles Department of Water and Power, California</name>
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        <name>The New York City Municipal Water Finance Authority</name>
        <lei>N/A</lei>
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        <name>State of California</name>
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        <name>University of California</name>
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        <name>Hawaii State Department of Budget &amp; Finance</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Kent State University</name>
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        <name>Arizona Board of Regents</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <cusip>65830RCT4</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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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Edmonds School District No.15</name>
        <lei>N/A</lei>
        <title>Snohomish County, WA Edmonds School District No. 15 U.T.G.O.</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WBT2</cusip>
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          <isin value="US66285WBT27"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4525450.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Ames, Iowa</name>
        <lei>N/A</lei>
        <title>Ames, IA Rev. Refg. (Mary Greeley Medical Center)</title>
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          <isin value="US030850FH95"/>
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        <balance>4430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5220710.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Fac. Commission Rev. (Case Western Reserve University)</title>
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        <identifiers>
          <isin value="US67756DCX21"/>
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        <balance>2745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3190952.70000000</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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Vermont Educational &amp; Health Buildings Financing Agency</name>
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        <title>Vermont Educational &amp; Health Buildings Financing Agency Rev. Refg. (University of Vermont Medical Center)</title>
        <cusip>924166HX2</cusip>
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          <isin value="US924166HX21"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3542130.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Puerto Rico Sales Tax Financing Corporation</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation Rev.</title>
        <cusip>74529JPV1</cusip>
        <identifiers>
          <isin value="US74529JPV16"/>
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        <balance>5296000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5594747.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04550000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corporation(MCIDC)</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corporation Rev. Refg. (University of Rochester)</title>
        <cusip>61075TSC3</cusip>
        <identifiers>
          <isin value="US61075TSC35"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1944878.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
        <title>Greater Orlando, FL Aviation Auth. Airport Fac. Rev.</title>
        <cusip>3922742G0</cusip>
        <identifiers>
          <isin value="US3922742G05"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4307660.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FRANKLIN CNTY OH CONVENTION FA</name>
        <lei>N/A</lei>
        <title>Franklin County, OH Convention Fac. Auth. Rev. (Greater Columbus Convention Center Hotel)</title>
        <cusip>35317DAN5</cusip>
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          <isin value="US35317DAN57"/>
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        <balance>1785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1733770.50000000</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>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc. Rev.</title>
        <cusip>56035DBN1</cusip>
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          <isin value="US56035DBN12"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2367187.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Saint Joseph Minnesota Senior Housing &amp; Healthcare</name>
        <lei>N/A</lei>
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        <cusip>790755AL6</cusip>
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        <balance>1275000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>Kent County Levy Court</name>
        <lei>N/A</lei>
        <title>Kent County, DE Student Housing and Dining Fac. Rev. (CHF-Dover, LLC - Delaware State University)</title>
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        <name>IRVING TX HOTEL OCCUPANCY TAXR</name>
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        <name>Oklahoma Turnpike Authority</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>Oklahoma Turnpike Auth. Rev.</title>
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        <name>Joliet Illinois Regional Port District</name>
        <lei>N/A</lei>
        <title>Joliet, IL Regional Port District Marine Terminal Rev. Refg. (Exxon)</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Pier and Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>Metropolitan Pier and Exposition Auth., IL Refg. (McCormick Place Expansion) (NATL-RE Insured)</title>
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        <balance>3100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <maturityDt>2030-08-15</maturityDt>
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        <name>New Orleans Aviation Board</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Maryland Health and Higher Educational Facilities Authority</name>
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        <name>Lincoln Electric System</name>
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        <name>Michigan Finance Authority</name>
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        <name>Lafayette Louisiana Public Power Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Chicago Illinois</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Miami University</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Triborough Bridge &amp; Tunnel Authority New York</name>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>Yavapai County Industrial Development Authority</name>
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        <name>Park Creek Metropolitan District Colorado</name>
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        <name>Charleston County Airport District</name>
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        <name>State of California</name>
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        <name>Jordan Valley Water Conservancy District, Utah</name>
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        <name>Minnesota State Higher Education Facilities Authority</name>
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        <name>North Carolina Eastern Municipal Power Agency</name>
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        <name>KNOX County Indiana</name>
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        <name>City of Atlanta, Georgia State</name>
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        <name>Minnesota State Higher Education Facilities Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Michigan State Strategic Fund Ltd</name>
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        <name>University of Arkansas System</name>
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          <isin value="US914072D260"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1099512.00000000</valUSD>
        <pctVal>0.070759805120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 Finance Auth. Rev. (Lifespace Communities, Inc.)</title>
        <cusip>46246K4S8</cusip>
        <identifiers>
          <isin value="US46246K4S82"/>
        </identifiers>
        <balance>6350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6646672.00000000</valUSD>
        <pctVal>0.427750870770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Finance Authority, Wisconsin</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Auth. WI Retirement Communities Rev. (Acts Retirement-Life Communities, Inc.)</title>
        <cusip>74446CAD2</cusip>
        <identifiers>
          <isin value="US74446CAD20"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1180870.00000000</valUSD>
        <pctVal>0.075995651773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colorado Health Facilities Authority (COHFA)</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado State Health Fac. Auth. Hospital Rev. Refg. (Valley View Hospital Association)</title>
        <cusip>19648FFN9</cusip>
        <identifiers>
          <isin value="US19648FFN96"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360531.00000000</valUSD>
        <pctVal>0.023202205433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Massachusetts Port Authority</name>
        <lei>254900JRR8IDSSKWCL90</lei>
        <title>Massachusetts Port Auth. Rev.</title>
        <cusip>575896KB0</cusip>
        <identifiers>
          <isin value="US575896KB03"/>
        </identifiers>
        <balance>8300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8846638.00000000</valUSD>
        <pctVal>0.569331104031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colorado Health Facilities Authority (COHFA)</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Fac. Auth. Rev. (Evangelical Lutheran Good Samaritan Society)</title>
        <cusip>19648AYR0</cusip>
        <identifiers>
          <isin value="US19648AYR03"/>
        </identifiers>
        <balance>2110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2294392.90000000</valUSD>
        <pctVal>0.147657137416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Minnesota Municipal Power Agency</name>
        <lei>5493007DGBKI6ICBXO38</lei>
        <title>Minnesota Municipal Power Agency Electric Rev.</title>
        <cusip>60412PDT4</cusip>
        <identifiers>
          <isin value="US60412PDT49"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235512.00000000</valUSD>
        <pctVal>0.015156526917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Denver Health And Hospitals Authority, Inc.</name>
        <lei>549300WFV5S7GIR4OS67</lei>
        <title>Denver, CO Health and Hospital Auth. Healthcare Rev.</title>
        <cusip>24918ECU2</cusip>
        <identifiers>
          <isin value="US24918ECU29"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5085050.00000000</valUSD>
        <pctVal>0.327251678044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</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>Western Minnesota Municipal Power Agency</name>
        <lei>549300LFJK9CQSN2NJ11</lei>
        <title>Western Minnesota Municipal Power Agency Rev.</title>
        <cusip>958697JT2</cusip>
        <identifiers>
          <isin value="US958697JT21"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>348444.00000000</valUSD>
        <pctVal>0.022424338738</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>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Lancaster County Pennsylvania Hospital Authority</name>
        <lei>N/A</lei>
        <title>Lancaster County, PA Hospital Auth. Rev. Refg. (St. Anne's Retirement Community, Inc.)</title>
        <cusip>514045V67</cusip>
        <identifiers>
          <isin value="US514045V676"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254705.00000000</valUSD>
        <pctVal>0.016391704832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Arizona Board of Regents</name>
        <lei>254900BLZ1MCZ5JLK411</lei>
        <title>Arizona Board of Regents State University System Rev.</title>
        <cusip>04048RQN9</cusip>
        <identifiers>
          <isin value="US04048RQN97"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1205570.00000000</valUSD>
        <pctVal>0.077585236231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 Toledo</name>
        <lei>N/A</lei>
        <title>Toledo, OH Water System Rev. and Improvements</title>
        <cusip>889396SB4</cusip>
        <identifiers>
          <isin value="US889396SB47"/>
        </identifiers>
        <balance>2455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3019208.10000000</valUSD>
        <pctVal>0.194303087893</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>0.05000000</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 Toledo</name>
        <lei>N/A</lei>
        <title>Toledo, OH Water System Rev. Refg. and Improvements</title>
        <cusip>889396QR1</cusip>
        <identifiers>
          <isin value="US889396QR17"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2780000.00000000</valUSD>
        <pctVal>0.178908696072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission Turnpike Rev.</title>
        <cusip>709224KW8</cusip>
        <identifiers>
          <isin value="US709224KW89"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3501600.00000000</valUSD>
        <pctVal>0.225347730276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Goodhue County Education District 6051, Minnesota</name>
        <lei>N/A</lei>
        <title>Goodhue County, MN Education District No. 6051 C.O.P.</title>
        <cusip>382195AN5</cusip>
        <identifiers>
          <isin value="US382195AN59"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843427.50000000</valUSD>
        <pctVal>0.054279321675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>Arizona Board of Regents</name>
        <lei>N/A</lei>
        <title>Northern Arizona University Refg. C.O.P.</title>
        <cusip>664751CN2</cusip>
        <identifiers>
          <isin value="US664751CN21"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1074780.00000000</valUSD>
        <pctVal>0.069168161282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Auth. Student Housing and Academic Fac. Rev. (University of Illinois at Chicago)</title>
        <cusip>45203KAN5</cusip>
        <identifiers>
          <isin value="US45203KAN54"/>
        </identifiers>
        <balance>2885000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2971059.55000000</valUSD>
        <pctVal>0.191204456850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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="For derivatives owned, if any, Unrealized Appreciation/Depreciation is reported as Value for future and swap type derivatives.  Actual security Value is reported for option type derivatives." noteItem="C.2.c"/>
      <explntrNote note="Data presented is directly from day-to-day accounting records of Fund used to calculate net asset value per share.  It does not reflect adjustments necessary to make data GAAP compliant, such as reclassifying prepaid expenses, expenses reimbursements, and/or any other related adjustments." noteItem="B.1.b"/>
      <explntrNote note="The daily NAV is calculated on a T+1 basis on most days. The current exception to this occurs on the fiscal quarter ends. On these fiscal quarter end dates, the NAV is calculated on a T+0 basis." noteItem="B.1.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-08-26</ncom:dateSigned>
      <ncom:nameOfApplicant>Thrivent Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Sarah L. Bergstrom</ncom:signature>
      <ncom:signerName>Sarah L. Bergstrom</ncom:signerName>
      <ncom:title>Head of Fund Accounting &amp; Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
