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        <name>Polk County Hospital Facility Authority, Oregon, Revenue Bonds, Dallas Retirement Village Project, Series 2015A</name>
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      <invstOrSec>
        <name>Portland Community College District, Multnomah County, Oregon, General Obligation Bonds, Refunding Series 2016</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Portland, Oregon, Water System Revenue Bonds, Refunding First Lien Series 2016A</name>
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          <isin value="US736754PG10"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Refunding Series 2016A</name>
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        <title>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Refunding Series 2016A</title>
        <cusip>794458EA3</cusip>
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          <isin value="US794458EA33"/>
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      <invstOrSec>
        <name>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Refunding Series 2016A</name>
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        <title>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Refunding Series 2016A</title>
        <cusip>794458EB1</cusip>
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          <isin value="US794458EB16"/>
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      <invstOrSec>
        <name>Washington County, Oregon, General Obligation Bonds, Full Faith &amp; Credit Obligation Series 2016B</name>
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        <title>Washington County, Oregon, General Obligation Bonds, Full Faith &amp; Credit Obligation Series 2016B</title>
        <cusip>938234SX0</cusip>
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          <isin value="US938234SX00"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2016A</name>
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        <title>Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2016A</title>
        <cusip>98464UAS5</cusip>
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          <isin value="US98464UAS50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Yamhill County School District 40, McMinnville, Oregon, General Obligation Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Yamhill County School District 40, McMinnville, Oregon, General Obligation Bonds, Refunding Series 2016</title>
        <cusip>984674JA0</cusip>
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          <isin value="US984674JA09"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yamhill County School District 40, McMinnville, Oregon, General Obligation Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Yamhill County School District 40, McMinnville, Oregon, General Obligation Bonds, Refunding Series 2016</title>
        <cusip>984674JB8</cusip>
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          <isin value="US984674JB81"/>
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      <invstOrSec>
        <name>Umatilla County School District 6R Umatilla, Oregon, General Obligation Bonds, Series 2017</name>
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        <title>Umatilla County School District 6R Umatilla, Oregon, General Obligation Bonds, Series 2017</title>
        <cusip>904115EH1</cusip>
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          <isin value="US904115EH10"/>
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        <name>Umatilla County School District 6R Umatilla, Oregon, General Obligation Bonds, Series 2017</name>
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        <name>Umatilla County School District 6R Umatilla, Oregon, General Obligation Bonds, Series 2017</name>
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        <name>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Refunding Series 2016A</name>
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      <invstOrSec>
        <name>Washington Multnomah &amp; Yamhill Counties School District 1J Hillsboro, Oregon, General Obligation Bonds, Series 2017</name>
        <lei>N/A</lei>
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        <cusip>939307JC9</cusip>
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        <name>Washington Multnomah &amp; Yamhill Counties School District 1J Hillsboro, Oregon, General Obligation Bonds, Series 2017</name>
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        <title>Washington Multnomah &amp; Yamhill Counties School District 1J Hillsboro, Oregon, General Obligation Bonds, Series 2017</title>
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      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</name>
        <lei>N/A</lei>
        <title>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</title>
        <cusip>179027WM5</cusip>
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          <isin value="US179027WM58"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2027-11-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</name>
        <lei>N/A</lei>
        <title>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</title>
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          <isin value="US179027XA02"/>
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        <curCd>USD</curCd>
        <valUSD>400629.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</name>
        <lei>N/A</lei>
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        <cusip>179027XK8</cusip>
        <identifiers>
          <isin value="US179027XK83"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US179027XL66"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>351447.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clackamas and Multnomah Counties School District 7J Lake Oswego, Oregon, General Obligation Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>Clackamas and Multnomah Counties School District 7J Lake Oswego, Oregon, General Obligation Bonds, Series 2017</title>
        <cusip>179090MT9</cusip>
        <identifiers>
          <isin value="US179090MT97"/>
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        <balance>1665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1695366.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2018A</name>
        <lei>N/A</lei>
        <title>Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2018A</title>
        <cusip>89546RPS7</cusip>
        <identifiers>
          <isin value="US89546RPS75"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048740.60000000</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>5.00000000</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>Marion County School District 15 North Marion, Oregon, General Obligation Bonds, Series 2018B</name>
        <lei>N/A</lei>
        <title>Marion County School District 15 North Marion, Oregon, General Obligation Bonds, Series 2018B</title>
        <cusip>569187EM5</cusip>
        <identifiers>
          <isin value="US569187EM58"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1063794.30000000</valUSD>
        <pctVal>0.468900747240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Seaside, Clatsop County, Oregon, Transient Lodgings Tax Revenue Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Seaside, Clatsop County, Oregon, Transient Lodgings Tax Revenue Bonds, Series 2018</title>
        <cusip>812513AP4</cusip>
        <identifiers>
          <isin value="US812513AP41"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1697681.44000000</valUSD>
        <pctVal>0.748306412050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>569203NE8</cusip>
        <identifiers>
          <isin value="US569203NE81"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2123135.60000000</valUSD>
        <pctVal>0.935838694880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A</name>
        <lei>N/A</lei>
        <title>Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A</title>
        <cusip>082744CM3</cusip>
        <identifiers>
          <isin value="US082744CM35"/>
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        <balance>2835000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2939049.89000000</valUSD>
        <pctVal>1.295478542796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A</name>
        <lei>N/A</lei>
        <title>Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A</title>
        <cusip>082744CL5</cusip>
        <identifiers>
          <isin value="US082744CL51"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>352838.96000000</valUSD>
        <pctVal>0.155524852877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Port of Alsea, Lincoln County, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Port of Alsea, Lincoln County, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>733361AA7</cusip>
        <identifiers>
          <isin value="US733361AA72"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182560.54000000</valUSD>
        <pctVal>0.080469291499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Port of Alsea, Lincoln County, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Port of Alsea, Lincoln County, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>733361AK5</cusip>
        <identifiers>
          <isin value="US733361AK54"/>
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        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145910.82000000</valUSD>
        <pctVal>0.064314776389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</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>Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2018A</name>
        <lei>N/A</lei>
        <title>Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2018A</title>
        <cusip>89546RPU2</cusip>
        <identifiers>
          <isin value="US89546RPU22"/>
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        <balance>2060000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2103350.02000000</valUSD>
        <pctVal>0.927117579110</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>179093KA6</cusip>
        <identifiers>
          <isin value="US179093KA63"/>
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        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>583589.55000000</valUSD>
        <pctVal>0.257235422371</pctVal>
        <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>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>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>179093JZ3</cusip>
        <identifiers>
          <isin value="US179093JZ34"/>
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        <balance>585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>621240.22000000</valUSD>
        <pctVal>0.273831137630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</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>Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B</name>
        <lei>N/A</lei>
        <title>Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B</title>
        <cusip>735240M59</cusip>
        <identifiers>
          <isin value="US735240M592"/>
        </identifiers>
        <balance>1690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1718652.60000000</valUSD>
        <pctVal>0.757550109440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Redmond, Oregon, Full Faith and Credit Obligations, Series 2019B-1</name>
        <lei>N/A</lei>
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        <name>Lane County School District 4J Eugene, Oregon, General Obligation Bonds, School Bond Guaranty Series 2019</name>
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        <name>Oregon Facilities Authority, Revenue Bonds, Howard Street Charter School Project, Series 2019A</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
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        <name>Warm Springs Reservation Confederated Tribes, Oregon, Hydroelectric Revenue Bonds, Tribal Economic Development Bond Pelton Round Butte Project, Taxabl</name>
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        <name>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series 2019A</name>
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      <invstOrSec>
        <name>Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Refunding Subordinate Lien Series 2019A</name>
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        <name>Oregon Facilities Authority, Revenue Bonds, Metro East Web Academy Project, Series 2019A</name>
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        <name>Oregon Health and Science University, Revenue Bonds, Series 2019A</name>
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        <cusip>685869GG8</cusip>
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        <name>Oregon State, General Obligation Bonds, Veterans'  Welfare Series 95 of 2015P</name>
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        <name>Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding Series 2020A</name>
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        <name>Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc., Series 2020A</name>
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        <name>Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc., Series 2020A</name>
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      <invstOrSec>
        <name>Lane Community College, Lane, Linn, Benton and Douglas Counties, Oregon, General Obligation Bonds, Series 2020A</name>
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        <title>Lane Community College, Lane, Linn, Benton and Douglas Counties, Oregon, General Obligation Bonds, Series 2020A</title>
        <cusip>515182EU3</cusip>
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          <isin value="US515182EU31"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
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      <invstOrSec>
        <name>Metro, Oregon, General Obligation Bonds, Series 2020A</name>
        <lei>N/A</lei>
        <title>Metro, Oregon, General Obligation Bonds, Series 2020A</title>
        <cusip>59163PLM3</cusip>
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          <isin value="US59163PLM31"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yamhill County, Oregon, Revenue Bonds, Linfield University Project, Refunding Series 2020A</name>
        <lei>N/A</lei>
        <title>Yamhill County, Oregon, Revenue Bonds, Linfield University Project, Refunding Series 2020A</title>
        <cusip>98464TAG4</cusip>
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          <isin value="US98464TAG40"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc., Series 2020A</name>
        <lei>N/A</lei>
        <title>Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc., Series 2020A</title>
        <cusip>250336EQ3</cusip>
        <identifiers>
          <isin value="US250336EQ36"/>
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        <balance>715000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B</name>
        <lei>N/A</lei>
        <title>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B</title>
        <cusip>569203PH9</cusip>
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          <isin value="US569203PH94"/>
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        <balance>2145000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2021A</name>
        <lei>N/A</lei>
        <title>Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2021A</title>
        <cusip>98464UAV8</cusip>
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          <isin value="US98464UAV89"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2021A</name>
        <lei>549300N3PYWYJ0Z8N757</lei>
        <title>Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2021A</title>
        <cusip>686087P84</cusip>
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          <isin value="US686087P847"/>
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        <balance>935000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2021A</name>
        <lei>549300N3PYWYJ0Z8N757</lei>
        <title>Oregon Housing and Community Services Department, Single Family Mortgage Program Revenue Bonds, Series 2021A</title>
        <cusip>686087P92</cusip>
        <identifiers>
          <isin value="US686087P920"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Terwilliger Plaza-Parkview Project, Refunding Green Series 2021A</name>
        <lei>549300GAP0JIG7V33754</lei>
        <title>Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Terwilliger Plaza-Parkview Project, Refunding Green Series 2021A</title>
        <cusip>62551PCY1</cusip>
        <identifiers>
          <isin value="US62551PCY16"/>
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        <balance>1005000.00000000</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>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B</name>
        <lei>N/A</lei>
        <title>Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B</title>
        <cusip>745160TF8</cusip>
        <identifiers>
          <isin value="US745160TF81"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1060786.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B</name>
        <lei>N/A</lei>
        <title>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B</title>
        <cusip>569203PG1</cusip>
        <identifiers>
          <isin value="US569203PG12"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Yamhill County, Oregon, Revenue Bonds, George Fox University Project, Refunding Series 2021</name>
        <lei>N/A</lei>
        <title>Yamhill County, Oregon, Revenue Bonds, George Fox University Project, Refunding Series 2021</title>
        <cusip>98464TAX7</cusip>
        <identifiers>
          <isin value="US98464TAX72"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Series 2018</name>
        <lei>N/A</lei>
        <title>Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Series 2018</title>
        <cusip>569203NK4</cusip>
        <identifiers>
          <isin value="US569203NK42"/>
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        <balance>1050000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2020A</name>
        <lei>N/A</lei>
        <title>Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2020A</title>
        <cusip>68607DUV5</cusip>
        <identifiers>
          <isin value="US68607DUV53"/>
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        <balance>5470000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Capital Manor, Inc., Refunding Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Salem Hospital Facility Authority, Oregon, Revenue Bonds, Capital Manor, Inc., Refunding Bonds, Series 2022</title>
        <cusip>794458GJ2</cusip>
        <identifiers>
          <isin value="US794458GJ24"/>
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        <balance>1540000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1</title>
        <cusip>74514L3M7</cusip>
        <identifiers>
          <isin value="US74514L3M75"/>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yamhill County, Oregon, Revenue Bonds, George Fox University Project, Refunding Series 2021</name>
        <lei>N/A</lei>
        <title>Yamhill County, Oregon, Revenue Bonds, George Fox University Project, Refunding Series 2021</title>
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          <isin value="US98464TAY55"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Portland, Oregon, Water System Revenue Bonds, Refunding First Lien Series 2022A</name>
        <lei>N/A</lei>
        <title>Portland, Oregon, Water System Revenue Bonds, Refunding First Lien Series 2022A</title>
        <cusip>736754SS2</cusip>
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          <isin value="US736754SS21"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</name>
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        <title>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</title>
        <cusip>57665NAF2</cusip>
        <identifiers>
          <isin value="US57665NAF24"/>
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      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</name>
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        <title>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</title>
        <cusip>57665NAD7</cusip>
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          <isin value="US57665NAD75"/>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Boardman, Morrow County, Oregon, General Obligation Bonds, Series 2021</name>
        <lei>N/A</lei>
        <title>Boardman, Morrow County, Oregon, General Obligation Bonds, Series 2021</title>
        <cusip>096582AM3</cusip>
        <identifiers>
          <isin value="US096582AM32"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038207.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon Health and Science University, Revenue Bonds, Green Series 2021B-1</name>
        <lei>549300XTWOAGON8L2G98</lei>
        <title>Oregon Health and Science University, Revenue Bonds, Green Series 2021B-1</title>
        <cusip>685869HH5</cusip>
        <identifiers>
          <isin value="US685869HH51"/>
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        <balance>4105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4444315.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Beaverton, Oregon, Water Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Beaverton, Oregon, Water Revenue Bonds, Series 2022</title>
        <cusip>07556MGP3</cusip>
        <identifiers>
          <isin value="US07556MGP32"/>
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        <balance>2090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2248830.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Beaverton, Oregon, Water Revenue Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Beaverton, Oregon, Water Revenue Bonds, Series 2022</title>
        <cusip>07556MGQ1</cusip>
        <identifiers>
          <isin value="US07556MGQ15"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2291414.32000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Union County Oregon, Hospital Facility Authority Revenue Bonds, Grande Ronde Hospital Incorporated, Series 2022</name>
        <lei>N/A</lei>
        <title>Union County Oregon, Hospital Facility Authority Revenue Bonds, Grande Ronde Hospital Incorporated, Series 2022</title>
        <cusip>906420BX1</cusip>
        <identifiers>
          <isin value="US906420BX18"/>
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        <balance>1230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1339182.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Union County Oregon, Hospital Facility Authority Revenue Bonds, Grande Ronde Hospital Incorporated, Series 2022</name>
        <lei>N/A</lei>
        <title>Union County Oregon, Hospital Facility Authority Revenue Bonds, Grande Ronde Hospital Incorporated, Series 2022</title>
        <cusip>906420BY9</cusip>
        <identifiers>
          <isin value="US906420BY90"/>
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        <balance>695000.00000000</balance>
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        <valUSD>753512.61000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lane Community College, Lane, Linn, Benton and Douglas Counties, Oregon, General Obligation Bonds, Series 2020A</name>
        <lei>N/A</lei>
        <title>Lane Community College, Lane, Linn, Benton and Douglas Counties, Oregon, General Obligation Bonds, Series 2020A</title>
        <cusip>515182ET6</cusip>
        <identifiers>
          <isin value="US515182ET67"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jackson County School District 5 Ashland, Oregon, General Obligation Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Jackson County School District 5 Ashland, Oregon, General Obligation Bonds, Series 2019</title>
        <cusip>467736DW1</cusip>
        <identifiers>
          <isin value="US467736DW19"/>
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        <balance>1845000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saint Helens, Oregon, Full Faith and Credit Obligations, Series 2021</name>
        <lei>N/A</lei>
        <title>Saint Helens, Oregon, Full Faith and Credit Obligations, Series 2021</title>
        <cusip>789789BQ6</cusip>
        <identifiers>
          <isin value="US789789BQ61"/>
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        <balance>2285000.00000000</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>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon State Facilities Authority, Oregon, Charter School Revenue Bonds, Academy for Character Education, Series 2022A</name>
        <lei>N/A</lei>
        <title>Oregon State Facilities Authority, Oregon, Charter School Revenue Bonds, Academy for Character Education, Series 2022A</title>
        <cusip>68607AAC5</cusip>
        <identifiers>
          <isin value="US68607AAC53"/>
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        <balance>490000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Port of Portland, Oregon, International Airport Revenue Bonds, Series 2022-28</name>
        <lei>N/A</lei>
        <title>Port of Portland, Oregon, International Airport Revenue Bonds, Series 2022-28</title>
        <cusip>7352402G7</cusip>
        <identifiers>
          <isin value="US7352402G77"/>
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        <balance>3040000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deschutes County Administrative School District 1, Bend-La Pine, Oregon, General Obligation Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Deschutes County Administrative School District 1, Bend-La Pine, Oregon, General Obligation Bonds, Series 2023</title>
        <cusip>250325VG9</cusip>
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          <isin value="US250325VG97"/>
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        <balance>1335000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>David Douglas School District 40, Multnomah County, Oregon, General Obligation Bonds, Series 2023A</name>
        <lei>N/A</lei>
        <title>David Douglas School District 40, Multnomah County, Oregon, General Obligation Bonds, Series 2023A</title>
        <cusip>625693HX7</cusip>
        <identifiers>
          <isin value="US625693HX75"/>
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        <balance>2000000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Portland Community College District, Multnomah County, Oregon, General Obligation Bonds, Series 2023</name>
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      <invstOrSec>
        <name>Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Deferred Interest Series 2017B</name>
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        <name>David Douglas School District 40, Multnomah County, Oregon, General Obligation Bonds, Series 2023A</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>David Douglas School District 40, Multnomah County, Oregon, General Obligation Bonds, Series 2023A</name>
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      <invstOrSec>
        <name>Redmond Area Park and Recreation District, Deschutes County, Oregon, General Obligation Bonds, Series 2023</name>
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          <isin value="US757660AL92"/>
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      <invstOrSec>
        <name>Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2018B</name>
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        <cusip>68608JXF3</cusip>
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          <isin value="US68608JXF38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benton County, Oregon, Full Faith and Credit Obligations, Series 2023</name>
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        <title>Benton County, Oregon, Full Faith and Credit Obligations, Series 2023</title>
        <cusip>082805DY5</cusip>
        <identifiers>
          <isin value="US082805DY51"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Benton County, Oregon, Full Faith and Credit Obligations, Series 2023</name>
        <lei>N/A</lei>
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        <cusip>082805DZ2</cusip>
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          <isin value="US082805DZ27"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Eugene, Oregon, Water Utility System Revenue Bonds, Series 2023</name>
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          <isin value="US298245MD06"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Eugene, Oregon, Water Utility System Revenue Bonds, Series 2023</name>
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          <isin value="US298245ME88"/>
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        <name>Eugene, Oregon, Water Utility System Revenue Bonds, Series 2023</name>
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          <isin value="US298245MF53"/>
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        <name>Oregon State  Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010</name>
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        <name>Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2018A</name>
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        <name>Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Current Interest Series 2017C</name>
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        <name>Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2023-29</name>
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        <name>Oregon State, General Obligation Bonds, Veteran's Welfare Series 110 Series 2022E</name>
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      <invstOrSec>
        <name>Portland, Oregon, Sewer System Revenue Bonds, Second Lien Refunding Series 2023A</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon State, General Obligation Bonds, Series 2024A</name>
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          <isin value="US68609UKU87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Astoria Hospital Facilities Authority, Oregon, Hospital Revenue Bonds, Columbia Memorial Hospital Project, Series 2024</name>
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        <cusip>046279CM5</cusip>
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          <isin value="US046279CM58"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Astoria Hospital Facilities Authority, Oregon, Hospital Revenue Bonds, Columbia Memorial Hospital Project, Series 2024</name>
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        <cusip>046279CN3</cusip>
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          <isin value="US046279CN32"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bend, Oregon, General Obligation Bonds, Full Faith &amp; Credit Series 2023</name>
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        <cusip>081617VR0</cusip>
        <identifiers>
          <isin value="US081617VR09"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eugene, Oregon, Electric Utility Revenue Bonds, Refunding Series 2024</name>
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        <title>Eugene, Oregon, Electric Utility Revenue Bonds, Refunding Series 2024</title>
        <cusip>298191W78</cusip>
        <identifiers>
          <isin value="US298191W785"/>
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        <balance>1135000.00000000</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>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aurora, Marion County, Oregon, General Obligation Bonds, Taxable Series 2024</name>
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        <title>Aurora, Marion County, Oregon, General Obligation Bonds, Taxable Series 2024</title>
        <cusip>052042CF3</cusip>
        <identifiers>
          <isin value="US052042CF36"/>
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        <balance>750000.00000000</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>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2022A</name>
        <lei>N/A</lei>
        <title>Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2022A</title>
        <cusip>345648ED7</cusip>
        <identifiers>
          <isin value="US345648ED73"/>
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        <balance>1525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1630221.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</title>
        <cusip>400653KX8</cusip>
        <identifiers>
          <isin value="US400653KX84"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563024.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington County School District 13, Oregon, General Obligation Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>Washington County School District 13, Oregon, General Obligation Bonds, Series 2024A</title>
        <cusip>938350FR1</cusip>
        <identifiers>
          <isin value="US938350FR19"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2024-30A</name>
        <lei>N/A</lei>
        <title>Port of Portland, Oregon, International Airport Revenue Bonds, Green Series 2024-30A</title>
        <cusip>7352403X9</cusip>
        <identifiers>
          <isin value="US7352403X91"/>
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        <balance>2400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>Oregon Coast Community College District, Lincoln County, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2024</name>
        <lei>N/A</lei>
        <title>Oregon Coast Community College District, Lincoln County, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2024</title>
        <cusip>68583NCG4</cusip>
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          <isin value="US68583NCG43"/>
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        <balance>450000.00000000</balance>
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      <invstOrSec>
        <name>Oregon Coast Community College District, Lincoln County, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2024</name>
        <lei>N/A</lei>
        <title>Oregon Coast Community College District, Lincoln County, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2024</title>
        <cusip>68583NCJ8</cusip>
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          <isin value="US68583NCJ81"/>
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      <invstOrSec>
        <name>Oregon State, General Obligation Bonds, Department of Veterans Affairs Series 2020M</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>Oregon State, General Obligation Bonds, Department of Veterans Affairs Series 2020M</title>
        <cusip>68609TXH6</cusip>
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          <isin value="US68609TXH66"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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      <invstOrSec>
        <name>Port of Morrow, Morrow County Oregon, Full Faith and Credit Obligations, Series 2024A</name>
        <lei>N/A</lei>
        <title>Port of Morrow, Morrow County Oregon, Full Faith and Credit Obligations, Series 2024A</title>
        <cusip>73473RFG5</cusip>
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          <isin value="US73473RFG56"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Beaverton, Oregon, Water Revenue Bonds, Series 2020</name>
        <lei>N/A</lei>
        <title>Beaverton, Oregon, Water Revenue Bonds, Series 2020</title>
        <cusip>07556MFZ2</cusip>
        <identifiers>
          <isin value="US07556MFZ23"/>
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        <balance>2140000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cannon Beach, Clatsop County, Oregon, General Obligation Bonds, Full Faith Credit Series 2024</name>
        <lei>N/A</lei>
        <title>Cannon Beach, Clatsop County, Oregon, General Obligation Bonds, Full Faith Credit Series 2024</title>
        <cusip>137672FK2</cusip>
        <identifiers>
          <isin value="US137672FK24"/>
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        <balance>200000.00000000</balance>
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        <name>Oregon Housing and Community Services Department, Oregon, Multifamily Housing Revenue Bonds, Hollywood Hub Apartments Project, Series 2024R</name>
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        <name>Portland, Oregon, Sewer System Revenue Bonds, Second Lien Refunding Series 2025A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Series 2025B</name>
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      <invstOrSec>
        <name>Metro, Oregon, General Obligation Bonds, Series 2025</name>
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          <isin value="US59163PMM22"/>
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        <name>Clackamas Community College District, Oregon, General Obligation Bonds, Refunding Series 2025</name>
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          <isin value="US179390QF96"/>
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          <maturityDt>2042-06-15</maturityDt>
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      <invstOrSec>
        <name>Oregon Facilities Authority, Oregon, Revenue Bonds, Southern Oregon Goodwill project, Series A</name>
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        <title>Oregon Facilities Authority, Oregon, Revenue Bonds, Southern Oregon Goodwill project, Series A</title>
        <cusip>68608JZP9</cusip>
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          <isin value="US68608JZP91"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oregon Department of Administrative Services, State Lottery Revenue Bonds, Projects and Refunding Series 2025A</name>
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        <title>Oregon Department of Administrative Services, State Lottery Revenue Bonds, Projects and Refunding Series 2025A</title>
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          <isin value="US68607V6L49"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clackamas and Multnomah Counties School District 7J, Lake Oswego, Oregon, General Obligation Bonds, Series 2025</name>
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        <cusip>179090QL2</cusip>
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          <isin value="US179090QL26"/>
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      <invstOrSec>
        <name>Oregon State Facilities Authority, Oregon, Charter School Revenue Bonds, Redmond Proficiency Academy Project, Series 2025A</name>
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        <title>Oregon State Facilities Authority, Oregon, Charter School Revenue Bonds, Redmond Proficiency Academy Project, Series 2025A</title>
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        <name>Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Series 2025A</name>
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          <isin value="US9384292N64"/>
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        <name>Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Series 2025B</name>
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          <isin value="US9384292H96"/>
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        <name>Oregon Facilities Authority, Revenue Bonds, University of Portland Projects, Refunding Series 2025A</name>
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        <cusip>68608JA50</cusip>
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          <isin value="US68608JA505"/>
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        <name>Emerald Peoples Utility District, Oregon, Electric System Revenue Bonds, Series 2025</name>
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        <cusip>29103EAR5</cusip>
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      <invstOrSec>
        <name>Deschutes and Jefferson Counties School District 2J Redmond, Oregon, General Obligation Bonds, Series 2025</name>
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        <cusip>250343LT5</cusip>
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      <invstOrSec>
        <name>Deschutes County Administrative School District 1, Bend-La Pine, Oregon, General Obligation Bonds, Series 2025</name>
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      <invstOrSec>
        <name>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Deferred Interest Series 2017A</name>
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        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</name>
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      <invstOrSec>
        <name>Washington County, Oregon, General Obligation Bonds, Full Faith &amp; Credit Obligation Series 2025</name>
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      <invstOrSec>
        <name>Tillamook County School District 009, Oregon, General Obligation Bonds, Series 2025</name>
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      <invstOrSec>
        <name>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2025G</name>
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          <isin value="US40065NDD66"/>
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      <invstOrSec>
        <name>Lincoln County School District, Oregon, General Obligation Bonds,  Conv Deferred Interest, Series 2025</name>
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          <isin value="US533404DC05"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Lincoln County School District, Oregon, General Obligation Bonds,  Conv Deferred Interest, Series 2025</name>
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          <isin value="US533404DE60"/>
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        <balance>500000.00000000</balance>
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      <invstOrSec>
        <name>Washington and Clackamas Counties School District 23J Tigard-Tualatin, Oregon, General Obligation Bonds, Series 2025</name>
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        <cusip>938395TE0</cusip>
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          <isin value="US938395TE07"/>
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        <name>Washington and Clackamas Counties School District 23J Tigard-Tualatin, Oregon, General Obligation Bonds, Series 2025</name>
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          <isin value="US938395TD24"/>
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        <name>Washington and Clackamas Counties School District 23J Tigard-Tualatin, Oregon, General Obligation Bonds, Series 2025</name>
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        <name>Mount Hood Community College District, Oregon, General Obligation Bonds, Series 2025</name>
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          <isin value="US621587LB81"/>
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        <name>Chemeketa Community College District, Oregon, General Obligation Bonds, Series 2025B</name>
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        <name>Chemeketa Community College District, Oregon, General Obligation Bonds, Series 2025B</name>
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        <name>Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Deferred Interest Series 2017A</name>
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        <name>Tigard, Washington County, Oregon, Water System Revenue Bonds, Refunding Series 2025</name>
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      <invstOrSec>
        <name>Clackamas River Water, Oregon, Water Revenue Bonds, Refunding Series 2025</name>
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          <isin value="US17939MDD02"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Clackamas River Water, Oregon, Water Revenue Bonds, Refunding Series 2025</name>
        <lei>N/A</lei>
        <title>Clackamas River Water, Oregon, Water Revenue Bonds, Refunding Series 2025</title>
        <cusip>17939MDJ7</cusip>
        <identifiers>
          <isin value="US17939MDJ71"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Hoodland Rural Fire Protection District 74, Oregon, General Obligation Bonds, Series 2025</name>
        <lei>N/A</lei>
        <title>Hoodland Rural Fire Protection District 74, Oregon, General Obligation Bonds, Series 2025</title>
        <cusip>438873AN1</cusip>
        <identifiers>
          <isin value="US438873AN17"/>
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        <curCd>USD</curCd>
        <valUSD>699376.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oregon State, General Obligation Bonds, Article XI-Q State Projects, Series 2025K</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <cusip>68609UVV4</cusip>
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          <isin value="US68609UVV42"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon State, General Obligation Bonds, Department of Veterans Affairs Series 105B of 2020J</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>Oregon State, General Obligation Bonds, Department of Veterans Affairs Series 105B of 2020J</title>
        <cusip>68609TXF0</cusip>
        <identifiers>
          <isin value="US68609TXF01"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2500000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Lincoln Peoples Utility District, Oregon, Electric Revenue Bonds, Refunding Series 2025</name>
        <lei>N/A</lei>
        <title>Central Lincoln Peoples Utility District, Oregon, Electric Revenue Bonds, Refunding Series 2025</title>
        <cusip>153879SC6</cusip>
        <identifiers>
          <isin value="US153879SC68"/>
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        <balance>350000.00000000</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>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon Facilities Authority, Revenue Bonds, University of Portland Projects, Refunding Series 2025A</name>
        <lei>N/A</lei>
        <title>Oregon Facilities Authority, Revenue Bonds, University of Portland Projects, Refunding Series 2025A</title>
        <cusip>68608JA35</cusip>
        <identifiers>
          <isin value="US68608JA356"/>
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        <balance>2190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2419292.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2026A</name>
        <lei>N/A</lei>
        <title>Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2026A</title>
        <cusip>68607DXV2</cusip>
        <identifiers>
          <isin value="US68607DXV27"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1125985.80000000</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>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hillsboro, Washington County, Oregon, General Obligation Bonds, Series 2026</name>
        <lei>N/A</lei>
        <title>Hillsboro, Washington County, Oregon, General Obligation Bonds, Series 2026</title>
        <cusip>432092UD4</cusip>
        <identifiers>
          <isin value="US432092UD47"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1752858.90000000</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>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Hillsboro, Washington County, Oregon, General Obligation Bonds, Series 2026</name>
        <lei>N/A</lei>
        <title>Hillsboro, Washington County, Oregon, General Obligation Bonds, Series 2026</title>
        <cusip>432092UE2</cusip>
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          <isin value="US432092UE20"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <securityLending>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</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>
  <documents>XXXX</documents>
</edgarSubmission>
