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        <name>Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A</name>
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        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Series 201528J</name>
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        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint John?s University, Series 2015-8I</name>
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        <lei>549300DI4V4CIPMX7K35</lei>
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        <name>Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2015C</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <name>Saint Michael Independent School District 885, Wright County, Minnesota, General Obligation Bonds, School Building Series 2017A</name>
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      <invstOrSec>
        <name>Chisago Lakes, Minnesota, Independent School District 2144, General Obligation Bonds, School Building Series 2017A</name>
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        <name>Saint Paul Housing &amp; Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Great River School Project, Series 2017A</name>
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        <name>Worthington Independent School District 518, Nobles County, Minnesota, Certificates of Participation, Series 2017A</name>
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        <name>Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic Series 2008B</name>
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        <name>Richfield Independent School District 280, Hennepin County, Minnesota, General Obligation Bonds, School Buildings Series 2018A</name>
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        <name>Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School Building Series 2018A</name>
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        <name>Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2018B</name>
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        <name>Saint Paul Housing &amp; Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Metro Deaf School Project, Series 2018A</name>
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        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2018A</name>
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        <name>Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS Apple Valley Senior Housing, Inc. ? Orchard Path Project, Refunding Series 2018</name>
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        <name>North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, Facilities Maintenance Series </name>
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        <name>South Washington County Independent School District 833, Minnesota, General Obligation Bonds, School Building Series 2016A</name>
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        <name>Robbinsdale Independent School District 281, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A</name>
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        <name>Dawson-Boyd Independent School District 378, Yellow Medicine County, Minnesota, General Obligation Bonds, School Building Series 2019A</name>
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        <name>Saint Paul Housing and Redevelopment Authority, Minnesota Senior Housing and Health Care Revenue Bonds, Carondelet Village Project, Series 2016A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dennison, Minnesota, Senior Housing Revenue Bonds, Villages of Lonsdale, LLC Project, Series 2019</name>
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          <isin value="US248658AN60"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Waconia Independent School District, Minnesota, General Obligation Bonds, School Building Series 2015B</name>
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        <cusip>930047LZ6</cusip>
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          <isin value="US930047LZ66"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2019</name>
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          <isin value="US60416JCC27"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2019</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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          <isin value="US60416JBV17"/>
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        <curCd>USD</curCd>
        <valUSD>1030483.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>La Crescent-Hokah Independent School District 300, Houston and Winona Counties, Minnesota, General Obligation Bonds, School Building &amp; Maintenance Ser</name>
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          <isin value="US502570HP25"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508932.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saint Joseph, Minnesota, Senior Housing and Healthcare Revenue Bonds, Woodcrest of Country Manor Project, Series 2019 A</name>
        <lei>N/A</lei>
        <title>Saint Joseph, Minnesota, Senior Housing and Healthcare Revenue Bonds, Woodcrest of Country Manor Project, Series 2019 A</title>
        <cusip>790755AL6</cusip>
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          <isin value="US790755AL65"/>
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        <balance>1285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1162972.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B</name>
        <lei>N/A</lei>
        <title>Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B</title>
        <cusip>792897MP2</cusip>
        <identifiers>
          <isin value="US792897MP21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1024984.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B</name>
        <lei>N/A</lei>
        <title>Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B</title>
        <cusip>792897MN7</cusip>
        <identifiers>
          <isin value="US792897MN72"/>
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        <balance>5000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pillager Independent School District 116, Cass and Morrison Counties, Minnesota, General Obligation Bonds, School Building Series 2019A</name>
        <lei>N/A</lei>
        <title>Pillager Independent School District 116, Cass and Morrison Counties, Minnesota, General Obligation Bonds, School Building Series 2019A</title>
        <cusip>721476GG8</cusip>
        <identifiers>
          <isin value="US721476GG85"/>
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        <balance>530000.00000000</balance>
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        <valUSD>532093.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Russell-Tyler-Ruthton Public Schools Independent School District 2902, Minnesota, General Obligation Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Russell-Tyler-Ruthton Public Schools Independent School District 2902, Minnesota, General Obligation Bonds, Series 2019A</title>
        <cusip>78271CAL5</cusip>
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          <isin value="US78271CAL54"/>
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        <balance>1700000.00000000</balance>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Maple Plain, Minnesota Senior Housing and Healthcare Revenue Bonds, Haven Homes, Inc. Project, Series 2019</name>
        <lei>N/A</lei>
        <title>Maple Plain, Minnesota Senior Housing and Healthcare Revenue Bonds, Haven Homes, Inc. Project, Series 2019</title>
        <cusip>56531SAS7</cusip>
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          <isin value="US56531SAS77"/>
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          <maturityDt>2054-07-01</maturityDt>
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      <invstOrSec>
        <name>Maple Plain, Minnesota Senior Housing and Healthcare Revenue Bonds, Haven Homes, Inc. Project, Series 2019</name>
        <lei>N/A</lei>
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        <name>Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019</name>
        <lei>N/A</lei>
        <title>Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019</title>
        <cusip>946829BQ0</cusip>
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          <isin value="US946829BQ02"/>
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      <invstOrSec>
        <name>Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019</name>
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        <title>Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019</title>
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      <invstOrSec>
        <name>Minnesota State, General Obligation Bonds, Various Purpose Series 2018A</name>
        <lei>N/A</lei>
        <title>Minnesota State, General Obligation Bonds, Various Purpose Series 2018A</title>
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      <invstOrSec>
        <name>Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019</name>
        <lei>N/A</lei>
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          <isin value="US618147AJ10"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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        <name>Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019B</name>
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        <name>Maple River Independent School District 2135, Minnesota, General Obligation Bonds, School Building Series 2020A</name>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Independence, Minnesota, Charter School Lease Revenue Bonds, Paladin Career &amp; Technical High School Project, Series 2021A</name>
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      <invstOrSec>
        <name>Minnesota State, General Obligation Bonds, Various Purpose Series 2021A</name>
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      <invstOrSec>
        <name>Hennepin County, Minnesota, General Obligation Bonds, Series 2020A</name>
        <lei>254900YDNULMQREFAU43</lei>
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        <cusip>425507JW1</cusip>
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          <isin value="US425507JW18"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
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      <invstOrSec>
        <name>Minnesota Municipal Gas Agency, Commodity Supply Revenue Bonds, Series 2022A</name>
        <lei>549300SISI6N1C6S3136</lei>
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        <cusip>60406UAM9</cusip>
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          <isin value="US60406UAM99"/>
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        <balance>2275000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
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      <invstOrSec>
        <name>Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2022</name>
        <lei>549300006EX3INSHXA95</lei>
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        <cusip>771902HM8</cusip>
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          <isin value="US771902HM85"/>
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        <balance>2500000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-11-15</maturityDt>
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      <invstOrSec>
        <name>Red Lake County, Minnesota, General Obligation School Building Bonds, Independent School District No. 2906, Series 2022A</name>
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        <title>Red Lake County, Minnesota, General Obligation School Building Bonds, Independent School District No. 2906, Series 2022A</title>
        <cusip>756627AP0</cusip>
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          <isin value="US756627AP01"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Carlton County, Minnesota, General Obligation Bonds, Minnesota State Credit Enhancement Program Series 2022A</name>
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        <title>Carlton County, Minnesota, General Obligation Bonds, Minnesota State Credit Enhancement Program Series 2022A</title>
        <cusip>142879LZ6</cusip>
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      <invstOrSec>
        <name>Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth Obligated Group, Series 2022B</name>
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          <isin value="US26444CKK70"/>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2022B</name>
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        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2022B</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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      <invstOrSec>
        <name>South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2022A</name>
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        <name>South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2022A</name>
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        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2022B</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Green Series 2022A</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Green Series 2022A</title>
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        <name>Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Hiawatha Academies Project, Series 2022A</name>
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        <name>Sartell, Minnesota, Health Care and Housing Facilities Revenue Bonds, Country Manor Campus LLC Project, Series 2022A</name>
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        <name>Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Subordinate Lien Series 2022B</name>
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        <name>University of Minnesota, General Obligation Bonds, Series 2019A</name>
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        <name>Independent School District No. 2397 (Le Sueur-Henderson), Minnesota, General Obligation School Building Bonds, Series 2022A</name>
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        <name>Saint Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Amherst H. Wilder Foundation Project, Refunding Series 2020A</name>
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        <name>Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2022A</name>
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        <name>Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Subordinate Lien Series 2022B</name>
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      <invstOrSec>
        <name>Hawley Independent School District 150, Clay County, Minnesota, General Obligation Bonds, School Building Series 2023A</name>
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        <name>Dover-Eyota Independent School District 533, Minnesota, General Obligation Bonds, School Building   Facilities Maintenance Series 2023A</name>
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        <name>Independent School District No. 115, Cass Lake-Bena Public Schools, Minnesota, Cass Beltrami and Hubbard Counties, General Obligation School Building </name>
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        <cusip>148087LF4</cusip>
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          <isin value="US148087LF45"/>
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        <invCountry>US</invCountry>

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        <name>Hennepin County, Minnesota, Sales Tax Revenue Bonds, Ballpark Project, Refunding First Lien Series 2017A</name>
        <lei>N/A</lei>
        <title>Hennepin County, Minnesota, Sales Tax Revenue Bonds, Ballpark Project, Refunding First Lien Series 2017A</title>
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          <isin value="US425538DB87"/>
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        <invCountry>US</invCountry>

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        <name>Saint Paul, Minnesota, Water Revenue Bonds, Series 2023A</name>
        <lei>N/A</lei>
        <title>Saint Paul, Minnesota, Water Revenue Bonds, Series 2023A</title>
        <cusip>793073JH1</cusip>
        <identifiers>
          <isin value="US793073JH12"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Corcoran, Minnesota, General Obligation Bonds, Series 2023A</name>
        <lei>N/A</lei>
        <title>Corcoran, Minnesota, General Obligation Bonds, Series 2023A</title>
        <cusip>218388GZ3</cusip>
        <identifiers>
          <isin value="US218388GZ37"/>
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        <balance>3605000.00000000</balance>
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        <name>Round Lake-Brewster Independent School District 2907, Minnesota, General Obligation Bonds, School Building Series 2023A</name>
        <lei>N/A</lei>
        <title>Round Lake-Brewster Independent School District 2907, Minnesota, General Obligation Bonds, School Building Series 2023A</title>
        <cusip>779133CB1</cusip>
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          <isin value="US779133CB12"/>
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        <name>Round Lake-Brewster Independent School District 2907, Minnesota, General Obligation Bonds, School Building Series 2023A</name>
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        <cusip>779133CE5</cusip>
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          <isin value="US779133CE50"/>
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        <name>Corcoran, Minnesota, General Obligation Bonds, Series 2023A</name>
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        <cusip>218388GR1</cusip>
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        <name>Ramsey County, Minnesota, General Obligation Bonds, Capital Improvement Plan, Series 2023B</name>
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        <cusip>751622XX4</cusip>
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          <isin value="US751622XX42"/>
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        <name>Cuyuna Range Hospital District, Minnesota, Health Care Facilities Revenue Bonds, Crosby Senior Service Care Center, Series 2023</name>
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        <name>Cuyuna Range Hospital District, Minnesota, Health Care Facilities Revenue Bonds, Crosby Senior Service Care Center, Series 2023</name>
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        <name>GFW Independent School District No. 2365, Sibley, Renville, McLeod and Nicollet Counties, Minnesota, General Obligation School Building Bonds, Series </name>
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      <invstOrSec>
        <name>GFW Independent School District No. 2365, Sibley, Renville, McLeod and Nicollet Counties, Minnesota, General Obligation School Building Bonds, Series </name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2024A</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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        <cusip>60416JHZ6</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota State, Certificates of Participation, State Office Building Project, Series 2023</name>
        <lei>N/A</lei>
        <title>Minnesota State, Certificates of Participation, State Office Building Project, Series 2023</title>
        <cusip>604140XX6</cusip>
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          <isin value="US604140XX61"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Green Series 2022A</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Green Series 2022A</title>
        <cusip>60416JFK1</cusip>
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          <isin value="US60416JFK16"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bethel, Minnesota, Housing and Health Care Facilities Revenue Bonds, Ecumen Obligated Group Series 2024A</name>
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        <title>Bethel, Minnesota, Housing and Health Care Facilities Revenue Bonds, Ecumen Obligated Group Series 2024A</title>
        <cusip>08675RAV9</cusip>
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          <isin value="US08675RAV96"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marshall, Minnesota, Education Services Facility, Lease Revenue Bonds, Southwest West Central Service Cooperatives, Series 2024A</name>
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        <cusip>572509AK3</cusip>
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          <isin value="US572509AK34"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-01</maturityDt>
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      <invstOrSec>
        <name>Marshall, Minnesota, Education Services Facility, Lease Revenue Bonds, Southwest West Central Service Cooperatives, Series 2024A</name>
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        <cusip>572509AJ6</cusip>
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          <isin value="US572509AJ60"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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      <invstOrSec>
        <name>Deephaven, Minnesota, Charter School Lease Revenue Bonds, Seven Hills Preparatory Academy Project, Series 2024A</name>
        <lei>5493005IOLNBTFT2MD86</lei>
        <title>Deephaven, Minnesota, Charter School Lease Revenue Bonds, Seven Hills Preparatory Academy Project, Series 2024A</title>
        <cusip>24380HBS0</cusip>
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          <isin value="US24380HBS04"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sauk Centre Public Utilities Commission, Minnesota, Electric Revenue Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>Sauk Centre Public Utilities Commission, Minnesota, Electric Revenue Bonds, Series 2024A</title>
        <cusip>804283AQ2</cusip>
        <identifiers>
          <isin value="US804283AQ29"/>
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        <balance>1175000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota Municipal Gas Agency, Commodity Supply Revenue Bonds, Series 2022B</name>
        <lei>549300SISI6N1C6S3136</lei>
        <title>Minnesota Municipal Gas Agency, Commodity Supply Revenue Bonds, Series 2022B</title>
        <cusip>60406UAN7</cusip>
        <identifiers>
          <isin value="US60406UAN72"/>
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        <balance>5000000.00000000</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>2052-12-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Social Series 2024L</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Social Series 2024L</title>
        <cusip>60416UFP5</cusip>
        <identifiers>
          <isin value="US60416UFP57"/>
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        <balance>100000.00000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Subordinate Series 2024A</name>
        <lei>N/A</lei>
        <title>Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Subordinate Series 2024A</title>
        <cusip>603827Q82</cusip>
        <identifiers>
          <isin value="US603827Q828"/>
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        <balance>4000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Saint Paul, Minnesota, Sales Tax Revenue Bonds, Neighborhood and Economic Development Projects, Refunding Series 2024C</name>
        <lei>N/A</lei>
        <title>Saint Paul, Minnesota, Sales Tax Revenue Bonds, Neighborhood and Economic Development Projects, Refunding Series 2024C</title>
        <cusip>79307TEK2</cusip>
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          <isin value="US79307TEK25"/>
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      <invstOrSec>
        <name>Edgerton Independent School District 581, Minnesota, General Obligation Bonds, School Building Series 2024A</name>
        <lei>N/A</lei>
        <title>Edgerton Independent School District 581, Minnesota, General Obligation Bonds, School Building Series 2024A</title>
        <cusip>280191BS5</cusip>
        <identifiers>
          <isin value="US280191BS53"/>
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        <balance>1115000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Minnesota State, General Obligation Bonds, Various Purpose Series 2024A</name>
        <lei>N/A</lei>
        <title>Minnesota State, General Obligation Bonds, Various Purpose Series 2024A</title>
        <cusip>60412AN58</cusip>
        <identifiers>
          <isin value="US60412AN585"/>
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        <balance>7500000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Hennepin County, Minnesota, General Obligation Bonds, Series 2024A</name>
        <lei>254900YDNULMQREFAU43</lei>
        <title>Hennepin County, Minnesota, General Obligation Bonds, Series 2024A</title>
        <cusip>425507QD5</cusip>
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          <isin value="US425507QD53"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hennepin County, Minnesota, General Obligation Bonds, Series 2024A</name>
        <lei>254900YDNULMQREFAU43</lei>
        <title>Hennepin County, Minnesota, General Obligation Bonds, Series 2024A</title>
        <cusip>425507QE3</cusip>
        <identifiers>
          <isin value="US425507QE37"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Cold Spring, Minnesota, General Obligation Bonds, Capital Improvement Plan Series 2024A</name>
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        <name>Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2024-1</name>
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        <name>Center City, Minnesota, Health Care Facilities Revenue Bonds, Hazelden Betty Ford Foundation Project, Series 2025B</name>
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        <name>Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Children's Health Care, Series 2025</name>
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        <name>Sartell Independent School District 748, Stearns County, Minnesota, General Obligation Bonds, School Building Series 2025A</name>
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        <name>Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy Building Company, Refunding Series 2025A</name>
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        <name>Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2025D</name>
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        <name>Brainerd, Minnesota, Senior Housing and Healthcare Revenue Bonds, Pinecrest of Country Manor Project, Series 2025A</name>
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        <pctVal>0.367749254052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS Apple Valley Senior Housing, Inc. ? Orchard Path Phase III Project, Series 2025A</name>
        <lei>549300AMWD6044L1SO95</lei>
        <title>Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS Apple Valley Senior Housing, Inc. Orchard Path Phase III Project, Series 2025A</title>
        <cusip>03800RBJ4</cusip>
        <identifiers>
          <isin value="US03800RBJ41"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481981.36000000</valUSD>
        <pctVal>0.070482971331</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>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2025A</title>
        <cusip>40065FFF6</cusip>
        <identifiers>
          <isin value="US40065FFF62"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>270351.70000000</valUSD>
        <pctVal>0.039535120446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Minnetonka Independent School District 276, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2025D</name>
        <lei>N/A</lei>
        <title>Minnetonka Independent School District 276, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2025D</title>
        <cusip>604196AV7</cusip>
        <identifiers>
          <isin value="US604196AV71"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>321988.56000000</valUSD>
        <pctVal>0.047086282431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Minnetonka Independent School District 276, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2025D</name>
        <lei>N/A</lei>
        <title>Minnetonka Independent School District 276, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2025D</title>
        <cusip>604196AW5</cusip>
        <identifiers>
          <isin value="US604196AW54"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363981.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>Minneapolis, Minnesota, Revenue Bonds, University Gateway Project, Refunding Series 2025</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>Minneapolis, Minnesota, Revenue Bonds, University Gateway Project, Refunding Series 2025</title>
        <cusip>603786JY1</cusip>
        <identifiers>
          <isin value="US603786JY10"/>
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        <balance>4930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5318824.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</title>
        <cusip>843375H82</cusip>
        <identifiers>
          <isin value="US843375H827"/>
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        <balance>715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>785257.97000000</valUSD>
        <pctVal>0.114832895170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</title>
        <cusip>843375J31</cusip>
        <identifiers>
          <isin value="US843375J310"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>536000.40000000</valUSD>
        <pctVal>0.078382493519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 2025A</title>
        <cusip>843375H90</cusip>
        <identifiers>
          <isin value="US843375H900"/>
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        <balance>1205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1307817.95000000</valUSD>
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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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Minnesota State, General Obligation Bonds, Various Purpose Bid Groups 1 &amp; 2 Series 2025A</name>
        <lei>N/A</lei>
        <title>Minnesota State, General Obligation Bonds, Various Purpose Bid Groups 1 &amp; 2 Series 2025A</title>
        <cusip>60412AW90</cusip>
        <identifiers>
          <isin value="US60412AW909"/>
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        <balance>9895000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10928167.62000000</valUSD>
        <pctVal>1.598090276899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blue Earth, Minnesota Electric Revenue Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Blue Earth, Minnesota Electric Revenue Bonds, Series 2025A</title>
        <cusip>095442AZ2</cusip>
        <identifiers>
          <isin value="US095442AZ21"/>
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        <balance>2610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2580565.20000000</valUSD>
        <pctVal>0.377371239024</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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rum River Special Education Cooperative, Minnesota, Certificates of Participation, Series 2025A</name>
        <lei>N/A</lei>
        <title>Rum River Special Education Cooperative, Minnesota, Certificates of Participation, Series 2025A</title>
        <cusip>781378AC8</cusip>
        <identifiers>
          <isin value="US781378AC88"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1022169.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>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>Saint Paul Housing &amp; Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities Academy Project, Refunding Series 2025A</name>
        <lei>549300FQCUW4VH929113</lei>
        <title>Saint Paul Housing &amp; Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities Academy Project, Refunding Series 2025A</title>
        <cusip>852297EC0</cusip>
        <identifiers>
          <isin value="US852297EC08"/>
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        <balance>1530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1534315.82000000</valUSD>
        <pctVal>0.224372033711</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>5.87500000</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>Yellow Medicine East Independent School District 2190, Minnesota, General Obligation Bonds, Series 2025A</name>
        <lei>N/A</lei>
        <title>Yellow Medicine East Independent School District 2190, Minnesota, General Obligation Bonds, Series 2025A</title>
        <cusip>985565DM9</cusip>
        <identifiers>
          <isin value="US985565DM91"/>
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        <balance>1410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1373066.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mountain Lake, Minnesota, Electric Revenue Bonds, Series 2025B</name>
        <lei>N/A</lei>
        <title>Mountain Lake, Minnesota, Electric Revenue Bonds, Series 2025B</title>
        <cusip>624165FP6</cusip>
        <identifiers>
          <isin value="US624165FP61"/>
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        <balance>535000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>537317.41000000</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>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mountain Lake, Minnesota, Electric Revenue Bonds, Series 2025B</name>
        <lei>N/A</lei>
        <title>Mountain Lake, Minnesota, Electric Revenue Bonds, Series 2025B</title>
        <cusip>624165FQ4</cusip>
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          <isin value="US624165FQ45"/>
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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>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Investment Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
