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      <invstOrSec>
        <name>County of Jefferson AL Sewer Revenue</name>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Venetian Community Development District</name>
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        <name>Westchester County Local Development Corp.</name>
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          <maturityDt>2046-11-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Rhodine Road North Community Development District</name>
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          <maturityDt>2050-05-01</maturityDt>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>City of New Haven CT</name>
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        <name>Triple Creek Community Development District</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Carlton Lakes Community Development District</name>
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        <name>Miromar Lakes Community Development District</name>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>Rhodine Road North Community Development District</name>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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          <maturityDt>2047-12-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Edinburg Economic Development Corp.</name>
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          <isin value="US28078PAG72"/>
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        <valUSD>1194275.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SUF90"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Parkland Preserve Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Copper Creek Community Development District</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>Country Walk Community Development District</name>
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      <invstOrSec>
        <name>Canyons Metropolitan District No. 6</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888809AJ91"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Central Texas Turnpike System</name>
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          <isin value="US88283KAZ12"/>
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          <maturityDt>2042-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Denver Health &amp; Hospital Authority</name>
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          <isin value="US24918EEJ55"/>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45203H8Y13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Carlton Lakes Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Waterset Central Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
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        <name>City of Detroit MI</name>
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          <maturityDt>2044-04-01</maturityDt>
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        <name>City of Wichita KS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>Talis Park Community Development District</name>
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        <name>North Range Metropolitan District No. 2</name>
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        <name>Babcock Ranch Community Independent Special District</name>
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          <maturityDt>2021-11-01</maturityDt>
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        <name>Tulsa Airports Improvement Trust</name>
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        <invCountry>US</invCountry>
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        <name>Coronado Community Development District</name>
        <lei>N/A</lei>
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        <name>Johnson City Health &amp; Educational Facilities Board</name>
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        <name>Mississippi Business Finance Corp.</name>
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      <invstOrSec>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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          <maturityDt>2032-12-15</maturityDt>
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        <name>West Villages Improvement District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2048-03-15</maturityDt>
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        <name>New York Transportation Development Corp.</name>
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        <name>Veranda Community Development District II</name>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>Santa Monica Redevelopment Agency</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>City of Rancho Cordova CA</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Two Lakes Community Development District</name>
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        <name>State of Illinois</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>Highlands Community Development District</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>Folsom Cordova Unified School District School Facilities Improvement District No. 4</name>
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        <name>Villamar Community Development District</name>
        <lei>N/A</lei>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Concorde Estates Community Development District</name>
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      <invstOrSec>
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        <name>Union City Community Redevelopment Agency</name>
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      <invstOrSec>
        <name>Montgomery County Toll Road Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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      <invstOrSec>
        <name>Arborwood Community Development District</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US88880NAX75"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Copperleaf Metropolitan District No. 2</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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      <invstOrSec>
        <name>St Vrain Lakes Metropolitan District No. 2</name>
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          <maturityDt>2047-12-01</maturityDt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
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        <name>Board of Managers Joint Guadalupe County-City of Seguin Hospital</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Guam Department of Education</name>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>City of Hackberry TX</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Venetian Parc Community Development District</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Marshall Creek Community Development District</name>
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        <name>Miami World Center Community Development District</name>
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        <name>Hempstead Town Local Development Corp.</name>
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      <invstOrSec>
        <name>Oakland Unified School District Alameda County</name>
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        <name>Whispering Pines Metropolitan District No. 1</name>
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        <name>Delaware State Economic Development Authority</name>
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        <name>Gary Chicago International Airport Authority</name>
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        <name>City of Wichita KS</name>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>First Creek Village Metropolitan District</name>
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          <maturityDt>2049-08-01</maturityDt>
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        <name>Detroit Downtown Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Du Page County Special Service Area No. 31</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>University of Michigan</name>
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        <name>Harbor Bay Community Development District</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Two Creeks Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>New River Community Development District</name>
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          <maturityDt>2013-05-01</maturityDt>
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        <name>California Municipal Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Water's Edge Community Development District Pasco County</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth Financing Authority</name>
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          <isin value="US20282EAS54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Village Community Development District No. 5</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
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        <name>Forest Trace Metropolitan District No. 3</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>Palisade Metropolitan District No. 2</name>
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        <name>Charlotte County Industrial Development Authority FL</name>
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        <name>Tustin Community Facilities District</name>
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        <name>Water's Edge Community Development District Manatee County</name>
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        <name>County of Ohio WV Special District Excise Tax Revenue</name>
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        <name>Regional Transportation District</name>
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        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Mississippi Business Finance Corp.</name>
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        <name>Cityplace Community Development District</name>
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        <name>Regional Transportation Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Estancia at Wiregrass Community Development District</name>
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        <name>California Community College Financing Authority</name>
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        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US16559PAS48"/>
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        <curCd>USD</curCd>
        <valUSD>542285.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QJ788"/>
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        <curCd>USD</curCd>
        <valUSD>63200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
        <lei>N/A</lei>
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        <cusip>018444BC2</cusip>
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          <isin value="US018444BC27"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3101175.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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          <isin value="US34061YAB65"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2795490.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.25000100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
        <lei>549300QWDXL46XQC8110</lei>
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        <cusip>48503VAJ1</cusip>
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          <isin value="US48503VAJ17"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1188628.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SAT15"/>
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        <curCd>USD</curCd>
        <valUSD>2116668.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reunion West Community Development District</name>
        <lei>N/A</lei>
        <title>Reunion West Community Development District</title>
        <cusip>761316AT5</cusip>
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          <isin value="US761316AT52"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485510.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QM90</cusip>
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          <isin value="US74526QM907"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99687.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136EQ03"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10246125.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Charlotte County Industrial Development Authority FL</name>
        <lei>N/A</lei>
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          <isin value="US16080TAE55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Celina TX</name>
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          <isin value="US15114CCF95"/>
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        <balance>2380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2348155.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Clear Creek Station Metropolitan District No. 2</name>
        <lei>N/A</lei>
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          <isin value="US184539AA26"/>
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        <balance>790000.00000000</balance>
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        <valUSD>820881.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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          <isin value="US79467BAJ44"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>Virgin Islands Public Finance Authority</name>
        <lei>N/A</lei>
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        <invCountry>VI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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      <invstOrSec>
        <name>Antonio B Won Pat International Airport Authority</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mosaic District Community Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US61945DAA90"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Two Lakes Community Development District</name>
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          <isin value="US90207EAJ01"/>
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        <valUSD>3516496.40000000</valUSD>
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          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
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          <isin value="US745220EQ26"/>
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        <balance>4785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2297039.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SWN0</cusip>
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          <isin value="US13080SWN07"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>555469.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fort Worth TX</name>
        <lei>N/A</lei>
        <title>City of Fort Worth</title>
        <cusip>349506AA3</cusip>
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          <isin value="US349506AA32"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1685297.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northeastern Pennsylvania Hospital &amp; Education Authority</name>
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          <isin value="US664551CZ94"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1118539.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Goleta Redevelopment Agency</name>
        <lei>N/A</lei>
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          <isin value="US381589AR10"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673102.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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      <invstOrSec>
        <name>Naples Reserve Community Development District</name>
        <lei>N/A</lei>
        <title>Naples Reserve Community Development District</title>
        <cusip>630606AB7</cusip>
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          <isin value="US630606AB74"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>793724.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Westside Union School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Lammersville Joint Unified School District</name>
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        <balance>2750000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Veranda Community Development District II</name>
        <lei>N/A</lei>
        <title>Veranda Community Development District II</title>
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          <isin value="US92338HAG74"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1042279.00000000</valUSD>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Silicon Valley Tobacco Securitization Authority</name>
        <lei>N/A</lei>
        <title>Silicon Valley Tobacco Securitization Authority</title>
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          <isin value="US82706TAC53"/>
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        <balance>88700000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Rhode Island Health &amp; Educational Building Corp.</name>
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          <isin value="US7622436N82"/>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mclendon-Chisholm TX</name>
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          <maturityDt>2049-09-15</maturityDt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US64579F7P26"/>
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        <balance>5600000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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      <invstOrSec>
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      <invstOrSec>
        <name>Salt Lake City Corp. Airport Revenue</name>
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          <isin value="US795576FY87"/>
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      <invstOrSec>
        <name>El Rancho Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bucks County Industrial Development Authority</name>
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          <isin value="US118612MV90"/>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lee County Industrial Development Authority</name>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>State of California</name>
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          <isin value="US13063DMB19"/>
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        <valUSD>49477599.60000000</valUSD>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp. VA</name>
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          <isin value="US88880NAT63"/>
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        <balance>11680000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
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        <title>Northern Tobacco Securitization Corp.</title>
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          <isin value="US66585VAW54"/>
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        <name>Merced Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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        <name>TSR Community Development District</name>
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        <name>City of Roseville CA</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Gulf Coast Industrial Development Authority</name>
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        <name>Baywinds Community Development District</name>
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        <name>Chicago Board of Education</name>
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        <name>City of Chicago IL</name>
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      <invstOrSec>
        <name>Edinburg Economic Development Corp.</name>
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        <name>Carlton Lakes Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Clayton County Development Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <maturityDt>2022-11-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <invCountry>VI</invCountry>
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      <invstOrSec>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US74529JPW98"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Bridgeville DE</name>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Pollution Control Corp.</name>
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          <isin value="US566854DT92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Lynwood Redevelopment Agency</name>
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        <curCd>USD</curCd>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Air Quality Development Authority</name>
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          <isin value="US67754AAD63"/>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>E-470 Public Highway Authority</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Westside Community Development District</name>
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        <name>Naples Reserve Community Development District</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Creekwalk Marketplace Business Improvement District</name>
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          <maturityDt>2049-12-15</maturityDt>
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        <name>County of Will IL</name>
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        <name>Concord Station Community Development District</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Talis Park Community Development District</name>
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      <invstOrSec>
        <name>Ohio Air Quality Development Authority</name>
        <lei>549300DZUU80AYOR6M80</lei>
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          <isin value="US67754AAC80"/>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <maturityDt>2038-07-15</maturityDt>
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          <annualizedRt>6.62500000</annualizedRt>
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        <name>Vizcaya in Kendall Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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      <invstOrSec>
        <name>Pinellas County Industrial Development Authority</name>
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        <name>South Village Community Development District</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Meadow Pointe IV Community Development District</name>
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        <name>Heritage Harbour North Community Development District</name>
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        <name>Mississippi Business Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Johnson City Health &amp; Educational Facilities Board</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Davis Redevelopment Successor Agency</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Bellagio Community Development District</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>County of Carbon UT</name>
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      <invstOrSec>
        <name>Las Vegas Special Improvement District No. 607</name>
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        <name>Winding Cypress Community Development District</name>
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      <invstOrSec>
        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Shell Point Community Development District</name>
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          <maturityDt>2039-11-01</maturityDt>
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      <invstOrSec>
        <name>City of Justin TX</name>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>Port Authority of Guam</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2049-12-15</maturityDt>
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        <name>River Islands Public Financing Authority</name>
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        <name>City of Hackberry TX</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>City of Houston TX Airport System Revenue</name>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>Serenity Ridge Metropolitan District No. 2</name>
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        <name>Belmont Community Development District</name>
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        <name>City of Detroit MI</name>
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          <maturityDt>2044-04-01</maturityDt>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
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        <debtSec>
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        <name>Washington State Housing Finance Commission</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>City of Chicago IL</name>
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        <name>Hawks Point Community Development District</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Estrella Mountain Ranch Community Facilities District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Avalon Groves Community Development District</name>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US645790DD57"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45202LBX10"/>
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        <curCd>USD</curCd>
        <valUSD>752500.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QT852"/>
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        <curCd>USD</curCd>
        <valUSD>102700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74445MAD11"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.99999900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>River Hall Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US768247AB44"/>
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        <curCd>USD</curCd>
        <valUSD>4500820.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167501XG55"/>
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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>2031-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049YEC1</cusip>
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          <isin value="US13049YEC12"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137425.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116AQ94"/>
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        <balance>4540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5046891.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lavon TX</name>
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        <curCd>USD</curCd>
        <valUSD>846056.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592248FM56"/>
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        <balance>9370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6951415.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Evergreen Community Development District</name>
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          <isin value="US30022DAC65"/>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Branson Regional Airport Transportation Development District</name>
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          <maturityDt>2043-04-01</maturityDt>
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        <name>Westside Community Development District</name>
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        <name>Wiregrass Community Development District</name>
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          <maturityDt>2036-05-01</maturityDt>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rowlett TX</name>
        <lei>549300XN25SMDVQJM820</lei>
        <title>City of Rowlett</title>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578CBV28"/>
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        <curCd>USD</curCd>
        <valUSD>5764750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45202LBW37"/>
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        <curCd>USD</curCd>
        <valUSD>525000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
        <title>Lakewood Ranch Stewardship District</title>
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          <isin value="US51265KBB35"/>
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        <balance>5820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6378487.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern Hills Plantation I Community Development District</name>
        <lei>N/A</lei>
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        <cusip>843054AB3</cusip>
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          <isin value="US843054AB39"/>
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        <curCd>USD</curCd>
        <valUSD>3707235.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BAK1</cusip>
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          <isin value="US79467BAK17"/>
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        <balance>5830000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Atlanta Development Authority</name>
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          <isin value="US04780NKC01"/>
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        <curCd>USD</curCd>
        <valUSD>1072040.00000000</valUSD>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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        <cusip>57584YMG1</cusip>
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          <isin value="US57584YMG16"/>
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        <curCd>USD</curCd>
        <valUSD>1145150.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Southern California</name>
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          <isin value="US888804AX98"/>
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        <valUSD>2247024.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp.</title>
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          <isin value="US38122NZW54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Hacienda Lakes Community Development District</name>
        <lei>5493004FIGRL2HHJIT44</lei>
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        <name>Las Vegas Special Improvement District No. 813</name>
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        <name>Wiregrass Community Development District</name>
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        <name>Tolomato Community Development District</name>
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        <name>City of Justin TX</name>
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        <name>Washington State Convention Center Public Facilities District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Forest Brooke Community Development District</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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      <invstOrSec>
        <name>Tapestry Community Development District</name>
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      <invstOrSec>
        <name>Dublin Community Facilities District No. 2015-1</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <cusip>592041WG8</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>Denair Unified School District</name>
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        <name>Veranda Community Development District II</name>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>Tustin Community Facilities District</name>
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        <name>Tapestry Community Development District</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Las Vegas Special Improvement District No. 607</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CQ76"/>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2035-07-01</maturityDt>
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      <invstOrSec>
        <name>Winding Cypress Community Development District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578CAH43"/>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oxnard School District</name>
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        <name>Fontainbleau Lakes Community Development District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Village Community Development District No. 9</name>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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          <isin value="US19648AM448"/>
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        <curCd>USD</curCd>
        <valUSD>3458070.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167505VV54"/>
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        <curCd>USD</curCd>
        <valUSD>7952114.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Mateo CA</name>
        <lei>N/A</lei>
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          <isin value="US79901PBM95"/>
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        <curCd>USD</curCd>
        <valUSD>2134400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority</title>
        <cusip>928097AC8</cusip>
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          <isin value="US928097AC85"/>
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        <balance>3950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4536259.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
        <cusip>882667AM0</cusip>
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          <isin value="US882667AM09"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4336722.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bannon Lakes Community Development District</name>
        <lei>N/A</lei>
        <title>Bannon Lakes Community Development District</title>
        <cusip>066697AC7</cusip>
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          <isin value="US066697AC70"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1176796.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</title>
        <cusip>592029AB8</cusip>
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          <isin value="US592029AB83"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377366.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookstone Community Development District</name>
        <lei>N/A</lei>
        <title>Brookstone Community Development District</title>
        <cusip>114534AA8</cusip>
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          <isin value="US114534AA85"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606876.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tisons Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Tisons Landing Community Development District</title>
        <cusip>88825RAR9</cusip>
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          <isin value="US88825RAR93"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>736883.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
        <cusip>76827QDE0</cusip>
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          <isin value="US76827QDE08"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954324.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Tobacco Settlement Finance Authority</name>
        <lei>N/A</lei>
        <title>Michigan Tobacco Settlement Finance Authority, Series 2007 C</title>
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          <isin value="US594751AJ85"/>
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        <balance>180100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Amber Creek Metropolitan District</name>
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        <cusip>02320AAA4</cusip>
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          <isin value="US02320AAA43"/>
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        <balance>750000.00000000</balance>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>First Creek Village Metropolitan District</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
        <lei>549300CNCK7OT82W5653</lei>
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          <isin value="US64461XDU63"/>
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        <name>Reunion East Community Development District</name>
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        <title>Reunion East Community Development District</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>6.60000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Series 2010</title>
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          <isin value="US45200F6F18"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-15</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>City of Houston TX Airport System Revenue</name>
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        <title>City of Houston</title>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>118217AW8</cusip>
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          <isin value="US118217AW84"/>
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        <curCd>USD</curCd>
        <valUSD>17679908.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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          <isin value="US64971QV262"/>
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        <curCd>USD</curCd>
        <valUSD>3600000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Vizcaya in Kendall Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US92856EAV39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QH39</cusip>
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          <isin value="US74526QH394"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159906.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-07-01</maturityDt>
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          <annualizedRt>3.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Isles Bartram Park Community Development District</name>
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        <title>Isles Bartram Park Community Development District</title>
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          <isin value="US464665AG30"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tapestry Community Development District</name>
        <lei>N/A</lei>
        <title>Tapestry Community Development District</title>
        <cusip>876029AB5</cusip>
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          <isin value="US876029AB56"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408388.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mosaic District Community Development Authority</name>
        <lei>N/A</lei>
        <title>Mosaic District Community Development Authority, Series 2011 A</title>
        <cusip>61945DAB7</cusip>
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          <isin value="US61945DAB73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2106700.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mosaic District Community Development Authority</name>
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          <isin value="US61945DAC56"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7383530.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Chautauqua Industrial Development Agency</name>
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        <title>County of Chautauqua Industrial Development Agency, Series 2009</title>
        <cusip>16255RAB4</cusip>
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          <isin value="US16255RAB42"/>
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        <balance>2650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2684715.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Detroit City School District</name>
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        <title>Detroit City School District, Series 2002 A</title>
        <cusip>251129G22</cusip>
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          <isin value="US251129G221"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3211020.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Franklin County Industrial Development Authority</title>
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          <isin value="US353273BY02"/>
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        <balance>900000.00000000</balance>
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        <valUSD>982305.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Celina TX</name>
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          <isin value="US15114CBZ68"/>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Washington State Convention Center Public Facilities District</name>
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          <maturityDt>2048-07-01</maturityDt>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>Denver Health &amp; Hospital Authority</name>
        <lei>549300WFV5S7GIR4OS67</lei>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>2.53000100</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QF64</cusip>
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        <invCountry>PR</invCountry>
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        <name>Midtown Miami Community Development District</name>
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        <invCountry>US</invCountry>
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        <name>Village Community Development District No. 9</name>
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        <name>Reunion West Community Development District</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Talis Park Community Development District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>City of Detroit MI Sewage Disposal System Revenue</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Kentucky Asset Liability Commission</name>
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        <name>Rolling Oaks Community Development District</name>
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        <name>Meadow Pointe IV Community Development District</name>
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        <name>River Bend Community Development District</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Inland Empire Tobacco Securitization Corp.</name>
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        <name>Heritage Harbour North Community Development District</name>
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        <name>Greater Orlando Aviation Authority</name>
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        <name>City of Justin TX</name>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>756060.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Serenity Ridge Metropolitan District No. 2</name>
        <lei>N/A</lei>
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          <isin value="US817504AD52"/>
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        <curCd>USD</curCd>
        <valUSD>584661.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>576445.00000000</valUSD>
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        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Asset ID" value="CS004628N"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>JPM Chase</counterpartyName>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QR385"/>
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        <curCd>USD</curCd>
        <valUSD>15850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Port New Orleans Board of Commissioners</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>549675.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US956622T879"/>
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        <curCd>USD</curCd>
        <valUSD>2009518.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052AAQ94"/>
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        <valUSD>3194776.00000000</valUSD>
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        <name>City of New Haven CT</name>
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          <maturityDt>2037-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Town of Argyle TX</name>
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        <balance>825000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Meadow Pointe IV Community Development District</name>
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        <name>City of Mesquite TX</name>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Durbin Crossing Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Ventana Community Development District</name>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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      <invstOrSec>
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        <name>Palisade Metropolitan District No. 2</name>
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        <name>Copper Creek Community Development District</name>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Beaumont Community Development District</name>
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        <name>City of Chicago IL</name>
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        <name>TSR Community Development District</name>
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        <invCountry>VI</invCountry>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Lanterns Metropolitan District No. 1</name>
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        <name>E-470 Public Highway Authority</name>
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          <maturityDt>2048-05-01</maturityDt>
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        <name>Calcasieu Parish Memorial Hospital Service District</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <maturityDt>2043-12-01</maturityDt>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>New York Liberty Development Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TFE8</cusip>
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          <isin value="US59447TFE82"/>
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        <curCd>USD</curCd>
        <valUSD>413986.80000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
        <cusip>882667AL2</cusip>
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          <isin value="US882667AL26"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4348461.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority</title>
        <cusip>246371AA6</cusip>
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          <isin value="US246371AA65"/>
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        <curCd>USD</curCd>
        <valUSD>4366186.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bexley Community Development District</name>
        <lei>N/A</lei>
        <title>Bexley Community Development District</title>
        <cusip>088570AB2</cusip>
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          <isin value="US088570AB28"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519275.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152L41</cusip>
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          <isin value="US452152L410"/>
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        <balance>4415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4667935.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amelia National Community Development District</name>
        <lei>N/A</lei>
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        <cusip>02344MAA0</cusip>
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          <isin value="US02344MAA09"/>
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        <balance>3270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3305806.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority</title>
        <cusip>34073TLP0</cusip>
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          <isin value="US34073TLP02"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1766054.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Detroit City School District</name>
        <lei>N/A</lei>
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        <cusip>251129F98</cusip>
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          <isin value="US251129F983"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3591280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QG48</cusip>
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          <isin value="US74526QG487"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>229125.00000000</valUSD>
        <pctVal>0.002735295270</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
        <cusip>40065FBA1</cusip>
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          <isin value="US40065FBA12"/>
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        <balance>14455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15889225.10000000</valUSD>
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        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Princeton TX</name>
        <lei>N/A</lei>
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          <isin value="US742400AP95"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Bernardino City Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US796711QK84"/>
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        <balance>1420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1281152.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <balance>67685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77464128.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
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          <isin value="US15114CCC64"/>
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        <valUSD>1198755.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>6461364K4</cusip>
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          <isin value="US6461364K44"/>
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        <balance>5275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5694468.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Babcock Ranch Community Independent Special District</name>
        <lei>N/A</lei>
        <title>Babcock Ranch Community Independent Special District</title>
        <cusip>05616KAW0</cusip>
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          <isin value="US05616KAW09"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>797002.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
        <lei>N/A</lei>
        <title>Henderson Local Improvement Districts, Series 2005</title>
        <cusip>425208QD0</cusip>
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          <isin value="US425208QD06"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>879552.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
        <cusip>882667AH1</cusip>
        <identifiers>
          <isin value="US882667AH14"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5819950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>South Fork III Community Development District</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Town of Argyle TX</name>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Cumberland County Municipal Authority</name>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2037-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Haven Unified School District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2030-06-15</maturityDt>
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        <name>Portofino Isles Community Development District</name>
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          <maturityDt>2033-05-01</maturityDt>
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        <name>General Authority of Southcentral Pennsylvania</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Tempe Industrial Development Authority</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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      <invstOrSec>
        <name>Prime Healthcare Foundation, Inc.</name>
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        <name>State of Illinois</name>
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        <name>Central Texas Regional Mobility Authority</name>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
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      <invstOrSec>
        <name>City of St Cloud MN</name>
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        <name>Virgin Islands Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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        <name>Board of Managers Joint Guadalupe County-City of Seguin Hospital</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>County of Cuyahoga OH</name>
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        <name>Concorde Estates Community Development District</name>
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        <name>La Paz County Industrial Development Authority</name>
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        <name>City of Chicago IL</name>
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        <name>Copperleaf Metropolitan District No. 3</name>
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        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <name>City of Oak Point TX</name>
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        <name>Denver Connection West Metropolitan District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>California Statewide Financing Authority</name>
        <lei>N/A</lei>
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        <name>Salt Lake City Corp. Airport Revenue</name>
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      <invstOrSec>
        <name>Durbin Crossing Community Development District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Estancia at Wiregrass Community Development District</name>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
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          <isin value="US74529JQH13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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        <name>Village Community Development District No. 12</name>
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          <isin value="US92708FAJ75"/>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Long Lake Community Development District</name>
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        <name>Clairton Municipal Authority</name>
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        <name>Naples Reserve Community Development District</name>
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        <name>Copperspring Community Development District</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Triple Creek Community Development District</name>
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        <name>Metropolitan Washington Airports Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QM41</cusip>
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          <isin value="US74526QM410"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Quad Cities Regional Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Quad Cities Regional Economic Development Authority, Series 2012</title>
        <cusip>74731RAV3</cusip>
        <identifiers>
          <isin value="US74731RAV33"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1070135.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
        <title>Puerto Rico Highway &amp; Transportation Authority</title>
        <cusip>745181C70</cusip>
        <identifiers>
          <isin value="US745181C704"/>
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        <balance>680000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>768298.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vista Ridge Metropolitan District</name>
        <lei>N/A</lei>
        <title>Vista Ridge Metropolitan District, Series 2006 B</title>
        <cusip>92838EAS3</cusip>
        <identifiers>
          <isin value="US92838EAS37"/>
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        <balance>1725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2052732.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>9.50000100</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Washington State Convention Center Public Facilities District</name>
        <lei>N/A</lei>
        <title>Washington State Convention Center Public Facilities District</title>
        <cusip>93976ABJ0</cusip>
        <identifiers>
          <isin value="US93976ABJ07"/>
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        <balance>30975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36746262.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meadow Pointe IV Community Development District</name>
        <lei>N/A</lei>
        <title>Meadow Pointe IV Community Development District, Series 2005</title>
        <cusip>58312PAD7</cusip>
        <identifiers>
          <isin value="US58312PAD78"/>
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        <balance>1075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75250.00000000</valUSD>
        <pctVal>0.000898334835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2015-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Century Park Community Development District</name>
        <lei>N/A</lei>
        <title>Century Park Community Development District, Series 2012</title>
        <cusip>156649AJ4</cusip>
        <identifiers>
          <isin value="US156649AJ48"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>204686.00000000</valUSD>
        <pctVal>0.002443542379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. I</name>
        <lei>6AZ7FRSNC3ZFPM0Z8L86</lei>
        <title>Texas Municipal Gas Acquisition &amp; Supply Corp. I</title>
        <cusip>88256CAW9</cusip>
        <identifiers>
          <isin value="US88256CAW91"/>
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        <balance>7200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7173360.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.11900000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Henderson Local Improvement Districts</name>
        <lei>N/A</lei>
        <title>Henderson Local Improvement Districts, Series 2005</title>
        <cusip>425208QG3</cusip>
        <identifiers>
          <isin value="US425208QG37"/>
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        <balance>2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2308008.00000000</valUSD>
        <pctVal>0.027553009780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Sacramento CA</name>
        <lei>N/A</lei>
        <title>City of Sacramento</title>
        <cusip>786071MA5</cusip>
        <identifiers>
          <isin value="US786071MA51"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>792449.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Geisinger Authority</name>
        <lei>N/A</lei>
        <title>Geisinger Authority, Series 2007</title>
        <cusip>368497FC2</cusip>
        <identifiers>
          <isin value="US368497FC28"/>
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        <balance>52950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50344330.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.28000200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
        <cusip>882667AN8</cusip>
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          <isin value="US882667AN81"/>
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        <balance>5585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6517359.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080SSE5</cusip>
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          <isin value="US13080SSE53"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1407708.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heritage Harbour South Community Development District</name>
        <lei>N/A</lei>
        <title>Heritage Harbour South Community Development District</title>
        <cusip>42724BAQ5</cusip>
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          <isin value="US42724BAQ59"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550225.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hawkstone Community Development District</name>
        <lei>N/A</lei>
        <title>Hawkstone Community Development District</title>
        <cusip>42034RAG7</cusip>
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          <isin value="US42034RAG74"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196974.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</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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      <invstOrSec>
        <name>Bay Laurel Center Community Development District</name>
        <lei>N/A</lei>
        <title>Bay Laurel Center Community Development District</title>
        <cusip>07244PAY1</cusip>
        <identifiers>
          <isin value="US07244PAY16"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1056211.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Willow Bend Metropolitan District</name>
        <lei>N/A</lei>
        <title>Willow Bend Metropolitan District</title>
        <cusip>97111VAB9</cusip>
        <identifiers>
          <isin value="US97111VAB99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1051980.00000000</valUSD>
        <pctVal>0.012558541923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Belmont Community Development District</name>
        <lei>N/A</lei>
        <title>Belmont Community Development District, Series 2013</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Wildblue Community Development District</name>
        <lei>N/A</lei>
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        <cusip>96809YAD8</cusip>
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          <isin value="US96809YAD85"/>
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        <curCd>USD</curCd>
        <valUSD>3613125.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Stoneybrook South Community Development District</name>
        <lei>N/A</lei>
        <title>Stoneybrook South Community Development District, Class A</title>
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          <isin value="US86202RAG02"/>
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        <curCd>USD</curCd>
        <valUSD>4139170.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>Central Puget Sound Regional Transit Authority</title>
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          <isin value="US155048DL24"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14985200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="CS003350S"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>JPM Chase</counterpartyName>
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      <invstOrSec>
        <name>Atlanta Development Authority</name>
        <lei>N/A</lei>
        <title>Atlanta Development Authority</title>
        <cusip>04780NJK4</cusip>
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          <isin value="US04780NJK46"/>
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        <balance>1500000.00000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sacramento County Water Financing Authority</name>
        <lei>N/A</lei>
        <title>Sacramento County Water Financing Authority</title>
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          <isin value="US78615RCU59"/>
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        <balance>3920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3725332.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.98000100</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sandy Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Sandy Creek Community Development District, Series 2007 B</title>
        <cusip>800299AD1</cusip>
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          <isin value="US800299AD16"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050339.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052TBT1</cusip>
        <identifiers>
          <isin value="US04052TBT16"/>
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        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>643879.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>City of Detroit MI Sewage Disposal System Revenue</name>
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        <cusip>251237W66</cusip>
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          <isin value="US251237W666"/>
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        <balance>4675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4594496.50000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.15399900</annualizedRt>
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        <name>Flow Way Community Development District</name>
        <lei>N/A</lei>
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        <cusip>34347VAW2</cusip>
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          <isin value="US34347VAW28"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2040840.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Colorado High Performance Transportation Enterprise</name>
        <lei>N/A</lei>
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          <isin value="US19648DAC39"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Fort Worth TX</name>
        <lei>N/A</lei>
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          <isin value="US349506AB15"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939069.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Hawks Point Community Development District</name>
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          <isin value="US420332AR99"/>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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          <isin value="US59447TVE09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>East Bonita Beach Road Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US271124AD11"/>
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        <balance>1000000.00000000</balance>
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        <name>North Range Metropolitan District No. 2</name>
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        <name>Orange County Community Facilities District</name>
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        <name>Tulsa Airports Improvement Trust</name>
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        <name>Reunion East Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Palm Glades Community Development District</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Amber Creek Metropolitan District</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Las Vegas Special Improvement District No. 607</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Colorado High Performance Transportation Enterprise</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Hawkstone Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QPT30"/>
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        <invCountry>PR</invCountry>
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        <name>Apache County Industrial Development Authority</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Maryland Economic Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592250CZ59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US51265KCP12"/>
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        <curCd>USD</curCd>
        <valUSD>552125.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582NUZ67"/>
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        <curCd>USD</curCd>
        <valUSD>41159700.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miami World Center Community Development District</name>
        <lei>N/A</lei>
        <title>Miami World Center Community Development District</title>
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          <isin value="US593856AB30"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>651468.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <cusip>56042RQX3</cusip>
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          <isin value="US56042RQX34"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4782160.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Electric Power Authority</name>
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        <curCd>USD</curCd>
        <valUSD>47550.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aberdeen Community Development District</name>
        <lei>N/A</lei>
        <title>Aberdeen Community Development District</title>
        <cusip>00301PAH3</cusip>
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          <isin value="US00301PAH38"/>
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        <balance>1035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1107812.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>West Virginia Economic Development Authority</name>
        <lei>549300WW88TKKF5H1220</lei>
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        <cusip>95648VAS8</cusip>
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          <isin value="US95648VAS88"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4939430.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Hospitals &amp; Higher Education Facilities Authority of Philadelphia (The)</name>
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          <isin value="US717903L482"/>
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        <valUSD>2366900.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego Unified School District</name>
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        <valUSD>2317050.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Parkland Preserve Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US701403AC10"/>
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        <balance>925000.00000000</balance>
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        <valUSD>943019.00000000</valUSD>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>State of Illinois</name>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SWP54"/>
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        <balance>1340000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
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        <title>Commonwealth of Puerto Rico</title>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Concorde Estates Community Development District</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.20400100</annualizedRt>
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      <invstOrSec>
        <name>Copper Creek Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US21749LAC90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
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          <isin value="US130536RF44"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>Toscana Isles Community Development District</name>
        <lei>549300KT0ZEEJZO5TM34</lei>
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          <isin value="US89149CAE84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verandah East Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US92337YAE68"/>
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        <curCd>USD</curCd>
        <valUSD>733752.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heritage Landing Community Development District</name>
        <lei>N/A</lei>
        <title>Heritage Landing Community Development District</title>
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          <isin value="US42725YAR27"/>
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        <curCd>USD</curCd>
        <valUSD>2159240.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.35000000</annualizedRt>
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      <invstOrSec>
        <name>County of El Dorado CA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Neches Valley Authority Industrial Development Corp.</name>
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        <title>Lower Neches Valley Authority Industrial Development Corp.</title>
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          <isin value="US548351AD73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <isin value="US882667AB44"/>
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        <valUSD>7606050.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-31</maturityDt>
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          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Susquehanna Area Regional Airport Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Moody River Estates Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Arborwood Community Development District</name>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>6.90000000</annualizedRt>
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        <name>Washington State Convention Center Public Facilities District</name>
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          <maturityDt>2058-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Triple Creek Community Development District</name>
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          <maturityDt>2046-11-01</maturityDt>
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        <name>Toscana Isles Community Development District</name>
        <lei>549300KT0ZEEJZO5TM34</lei>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>Lynwood Community Development District</name>
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        <invCountry>US</invCountry>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Gary Chicago International Airport Authority</name>
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        <name>City of Sacramento CA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CommonSpirit Health</name>
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        <name>Meadow Pointe IV Community Development District</name>
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          <maturityDt>2014-11-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Washington County Redevelopment Authority</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Columbus County Industrial Facilities &amp; Pollution Control Financing Authority</name>
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      <invstOrSec>
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        <name>Duluth Economic Development Authority</name>
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        <name>Commonwealth Financing Authority</name>
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          <isin value="US20282EAQ98"/>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>Duluth Independent School District No. 709</name>
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        <name>City of Hackberry TX</name>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>Louisville &amp; Jefferson County Metropolitan Government</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Dallas County Flood Control District No. 1</name>
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        <name>River Islands Public Financing Authority</name>
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      <invstOrSec>
        <name>Waterset Central Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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          <isin value="US74529JQF56"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New York Transportation Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Avalon Groves Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Westside Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Avelar Creek Community Development District</name>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>William S Hart Union High School District</name>
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        <name>Mediterranea Community Development District</name>
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        <name>Michigan Finance Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>Palisade Park West Metropolitan District</name>
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        <name>General Authority of Southcentral Pennsylvania</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>Centre Lake Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Municipal Electric Authority of Georgia</name>
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      <invstOrSec>
        <name>City of Atlantic City NJ</name>
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        <name>Coco Palms Community Development District</name>
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        <name>Bay Laurel Center Community Development District</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>South Kendall Community Development District</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Village of Romeoville IL</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <name>Meadow Pointe IV Community Development District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>City of Atwater CA Wastewater Revenue</name>
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        <name>City of Cleveland OH</name>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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      <invstOrSec>
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        <name>McJunkin Parkland Community Development District</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>South Fork III Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Arborwood Community Development District</name>
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        <name>East Homestead Community Development District</name>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <name>Meadow Pointe II Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2020-07-01</maturityDt>
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      <invstOrSec>
        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Venetian Parc Community Development District</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>California Pollution Control Financing Authority</name>
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      <invstOrSec>
        <name>Evergreen Community Development District</name>
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        <name>Wiregrass Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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      <invstOrSec>
        <name>County of Ohio WV Special District Excise Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Orlando Community Redevelopment Agency</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Village Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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        <name>Two Lakes Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arborwood Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>Heritage Isle at Viera Community Development District</name>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>Concorde Estates Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>Viridian Municipal Management District</name>
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        <name>Wildblue Community Development District</name>
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        <name>Aberdeen Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Panther Trace II Community Development District</name>
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        <name>Downtown Doral South Community Development District</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Rolling Oaks Community Development District</name>
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          <maturityDt>2026-12-01</maturityDt>
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          <maturityDt>2050-06-15</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052TAX37"/>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2038-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>Michigan Strategic Fund</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-30</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Village Community Development District No. 12</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <maturityDt>2030-04-15</maturityDt>
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        <name>McJunkin Parkland Community Development District</name>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Indiana Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Bellagio Community Development District</name>
        <lei>N/A</lei>
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        <cusip>07821BAA5</cusip>
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          <isin value="US07821BAA52"/>
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        <balance>655000.00000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Antonio B Won Pat International Airport Authority</name>
        <lei>N/A</lei>
        <title>Antonio B Won Pat International Airport Authority</title>
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          <isin value="US40064RDC07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1735515.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
        <title>Lakewood Ranch Stewardship District</title>
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          <isin value="US51265KAJ79"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2288790.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
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        <cusip>745220ER0</cusip>
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          <isin value="US745220ER09"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1694400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fort Bend County Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Fort Bend County Industrial Development Corp., Class B</title>
        <cusip>346786AH9</cusip>
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          <isin value="US346786AH99"/>
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        <balance>5685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6000915.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spencer Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Spencer Creek Community Development District</title>
        <cusip>847880AD3</cusip>
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          <isin value="US847880AD38"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1851167.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461362E02"/>
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        <balance>3335000.00000000</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>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74446CAA8</cusip>
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          <isin value="US74446CAA80"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>661359.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VDS4</cusip>
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          <isin value="US13048VDS43"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307072.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Susquehanna Area Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>Susquehanna Area Regional Airport Authority</title>
        <cusip>86909RBG5</cusip>
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          <isin value="US86909RBG56"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1280587.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Oroville CA</name>
        <lei>N/A</lei>
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        <balance>14580000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority, Series 2007 A-2, Class A</title>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>Henderson Local Improvement Districts</name>
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          <isin value="US425208QC23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-03-01</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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        <name>Fontainbleau Lakes Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>TSR Community Development District</name>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Michigan Tobacco Settlement Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
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      <invstOrSec>
        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
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          <isin value="US76827QCR20"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QT282"/>
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        <curCd>USD</curCd>
        <valUSD>1504950.00000000</valUSD>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>South Fork III Community Development District</name>
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          <isin value="US83786TAH59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tolomato Community Development District</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rowlett TX</name>
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          <isin value="US779719AA17"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>176870.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Kendall Community Development District</name>
        <lei>N/A</lei>
        <title>South Kendall Community Development District</title>
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          <isin value="US83854TAW99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US645918J614"/>
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        <curCd>USD</curCd>
        <valUSD>2686750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13048VDV71"/>
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        <curCd>USD</curCd>
        <valUSD>364524.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Heritage Harbour South Community Development District</name>
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        <title>Heritage Harbour South Community Development District</title>
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          <isin value="US42724BAR33"/>
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        <curCd>USD</curCd>
        <valUSD>547745.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64577BG328"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QE995"/>
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        <invCountry>PR</invCountry>
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          <maturityDt>2019-07-01</maturityDt>
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          <annualizedRt>10.00000000</annualizedRt>
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        <name>Shell Point Community Development District</name>
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        <title>Shell Point Community Development District</title>
        <cusip>822666AE3</cusip>
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          <isin value="US822666AE30"/>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Fullerton Public Financing Authority</name>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>Vizcaya in Kendall Community Development District</name>
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          <maturityDt>2046-11-01</maturityDt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. I</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-12-15</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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          <isin value="US83703FEP36"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Triple Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Triple Creek Community Development District</title>
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        <name>Campo Bello Community Development District</name>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Moody River Estates Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Long Lake Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>Concorde Estates Community Development District</name>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>5.85000000</annualizedRt>
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          <maturityDt>2047-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Powhaton Road Metropolitan District No. 2</name>
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        <name>Waterset Central Community Development District</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Bannon Lakes Community Development District</name>
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        <name>Warm Springs Reservation Confederated Tribe</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
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        <valUSD>1655400.00000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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          <isin value="US167486ZN20"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>5.43200000</annualizedRt>
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      <invstOrSec>
        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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          <isin value="US018444AX72"/>
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        <valUSD>1615222.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2018-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Riverside County Redevelopment Successor Agency</name>
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          <isin value="US769123LZ16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Town of Argyle TX</name>
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          <isin value="US04033EAE23"/>
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        <curCd>USD</curCd>
        <valUSD>513550.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>City of Chicago IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
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          <annualizedRt>6.31400000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2038-12-15</maturityDt>
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        <name>County of Jefferson AL Sewer Revenue</name>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Town of Hickory Creek TX</name>
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          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <isin value="US59447TUH49"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Centre Lake Community Development District</name>
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          <maturityDt>2037-12-15</maturityDt>
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          <annualizedRt>4.70000000</annualizedRt>
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        <name>Northeastern Pennsylvania Hospital &amp; Education Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Stone Creek Metropolitan District</name>
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        <name>County of Ohio WV Special District Excise Tax Revenue</name>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>California Municipal Finance Authority</name>
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        <name>Inland Empire Tobacco Securitization Corp.</name>
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          <isin value="US45734TAJ34"/>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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          <isin value="US64461XEA90"/>
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      <invstOrSec>
        <name>Ritoro Metropolitan District</name>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Meadow Pointe IV Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Canyons Metropolitan District No. 5</name>
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        <name>Lynwood Redevelopment Agency</name>
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        <name>Veranda Community Development District II</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Bannon Lakes Community Development District</name>
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      <invstOrSec>
        <name>Coco Palms Community Development District</name>
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          <maturityDt>2049-06-15</maturityDt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>West Hollywood Community Development Department</name>
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          <maturityDt>2031-09-01</maturityDt>
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      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Lynwood Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sacramento County Sanitation Districts Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wesbridge Community Development District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-02</maturityDt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Houston County Health Care Authority</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>University Medical Center Corp.</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Troy Capital Resource Corp.</name>
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      <invstOrSec>
        <name>Century Park Community Development District</name>
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        <name>Michigan Finance Authority</name>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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        <name>Chicago Board of Education</name>
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      <invstOrSec>
        <name>Preserve at South Branch Community Development District</name>
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        <name>Winding Cypress Community Development District</name>
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        <name>North Texas Tollway Authority</name>
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        <name>N/A</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Copperleaf Metropolitan District No. 3</name>
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        <name>Delaware State Economic Development Authority</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Sierra Ridge Metropolitan District No. 2</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Virgin Islands Public Finance Authority</name>
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        <name>Two Creeks Community Development District</name>
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        <name>Dublin Community Facilities District No. 2015-1</name>
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        <name>State of Connecticut</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Creek Preserve Community Development District</name>
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        <name>Mediterranea Community Development District</name>
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        <name>Verano 1 Community Development District</name>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>Gulfstream Polo Community Development District</name>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Public Finance Authority</name>
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        <name>Irvine Unified School District</name>
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        <name>Stonegate Community Development District</name>
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      </invstOrSec>
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    <signature>
      <ncom:dateSigned>2019-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs Trust</ncom:nameOfApplicant>
      <ncom:signature>Peter Fortner</ncom:signature>
      <ncom:signerName>Peter Fortner</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
