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        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>Gary Chicago International Airport Authority</name>
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        <name>Michigan Tobacco Settlement Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>City of Justin TX</name>
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      <invstOrSec>
        <name>Black Creek Community Development District</name>
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      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Landmark at Doral Community Development District</name>
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          <isin value="US51504NAT00"/>
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        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Hickory Creek TX</name>
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        <name>Naples Reserve Community Development District</name>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
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          <isin value="US13016NFC39"/>
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        <debtSec>
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          <couponKind>None</couponKind>
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        <name>City of Mesquite TX</name>
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        <name>Copperleaf Metropolitan District No. 2</name>
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        <name>Amber Creek Metropolitan District</name>
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        <name>Duluth Independent School District No. 709</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Preserve at South Branch Community Development District</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Colorado Crossing Metropolitan District No. 2</name>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Blue Lake Community Development District</name>
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          <maturityDt>2049-06-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>State of California</name>
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          <maturityDt>2034-05-01</maturityDt>
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        <name>Nashville Metropolitan Development &amp; Housing Agency</name>
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        <name>City of Celina TX</name>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>Arkansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2041-06-15</maturityDt>
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        <name>Central Texas Regional Mobility Authority</name>
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          <maturityDt>2045-01-01</maturityDt>
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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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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Village Community Development District No. 12</name>
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        <name>Edinburg Economic Development Corp.</name>
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          <maturityDt>2044-08-15</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Panther Trace II Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Build NYC Resource Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Paseo Community Development District</name>
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        <name>Wildwing Metropolitan District No. 5</name>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Bannon Lakes Community Development District</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>Stone Canyon Community Improvement District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>County of Campbell WY</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Academical Village Community Development District</name>
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        <name>Fishhawk Community Development District II</name>
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        <name>Folsom Cordova Unified School District School Facilities Improvement District No. 4</name>
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        <name>Chicago Board of Education</name>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <name>Naples Reserve Community Development District</name>
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        <name>Cornerstar Metropolitan District</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>City of North Richland Hills TX</name>
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        <name>City of New Haven CT</name>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
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        <name>Forest Brooke Community Development District</name>
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        <name>Heritage Landing Community Development District</name>
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        <name>Port Authority of Guam</name>
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        <name>Toscana Isles Community Development District</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Cypress Mill Community Development District</name>
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        <name>Chicago Board of Education</name>
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        <name>Bexley Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Copperleaf Metropolitan District No. 6</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>New York Transportation Development Corp.</name>
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        <name>Lakewood Ranch Stewardship District</name>
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          <maturityDt>2049-05-01</maturityDt>
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        <name>Arizona Health Facilities Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Hawks Point Community Development District</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Atlanta Development Authority The</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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      <invstOrSec>
        <name>City of Royse City TX</name>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Farmville Industrial Development Authority</name>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Finley Woods Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US318023AC21"/>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Irvine Unified School District</name>
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        <name>Charlotte County Industrial Development Authority FL</name>
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        <name>Lemoore Redevelopment Agency</name>
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        <name>Arborwood Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Irvine Unified School District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westside Union School District</name>
        <lei>N/A</lei>
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          <isin value="US961488NU37"/>
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        <balance>49925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20156719.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
        <lei>N/A</lei>
        <title>Las Vegas Convention &amp; Visitors Authority</title>
        <cusip>517704GX4</cusip>
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          <isin value="US517704GX49"/>
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        <curCd>USD</curCd>
        <valUSD>1579413.25000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
        <cusip>13054WAQ0</cusip>
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          <isin value="US13054WAQ06"/>
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        <balance>15850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17832359.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-21</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Century Park Community Development District</name>
        <lei>N/A</lei>
        <title>Century Park Community Development District, Series 2012</title>
        <cusip>156649AM7</cusip>
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          <isin value="US156649AM76"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26501.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>130923BN4</cusip>
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          <isin value="US130923BN43"/>
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        <balance>35600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4664312.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Concorde Estates Community Development District</name>
        <lei>N/A</lei>
        <title>Concorde Estates Community Development District, Series 2004 B</title>
        <cusip>20651XAA5</cusip>
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          <isin value="US20651XAA54"/>
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        <balance>3980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2011-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc.</title>
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          <isin value="US56035DBV38"/>
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        <balance>6650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7732154.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Haven Unified School District</name>
        <lei>N/A</lei>
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        <cusip>645002XM3</cusip>
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          <isin value="US645002XM31"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5275690.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
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          <isin value="US71883MPZ13"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1189344.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
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        <cusip>67884XCN5</cusip>
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          <isin value="US67884XCN57"/>
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        <balance>9500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10968795.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
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        <balance>10880000.00000000</balance>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.56000200</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reunion East Community Development District</name>
        <lei>N/A</lei>
        <title>Reunion East Community Development District</title>
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          <isin value="US761311AP44"/>
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        <balance>2260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2272882.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Education</name>
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        <balance>5440000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>5.48200000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Series 2009</title>
        <cusip>70870FAG1</cusip>
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          <isin value="US70870FAG19"/>
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        <balance>7015000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Verano No. 2 Community Development District</name>
        <lei>N/A</lei>
        <title>Verano No. 2 Community Development District</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <balance>37100000.00000000</balance>
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        <valUSD>47934684.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>594479FP7</cusip>
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          <isin value="US594479FP75"/>
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        <balance>475000.00000000</balance>
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        <valUSD>512468.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority</title>
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        <name>Henderson Local Improvement Districts</name>
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        <name>North Carolina Turnpike Authority</name>
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        <name>Concorde Estates Community Development District</name>
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          <maturityDt>2035-05-01</maturityDt>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>City of Chicago IL</name>
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        <name>State of Illinois</name>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>New River Community Development District</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Northeastern Pennsylvania Hospital and Education Authority</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Fort Bend County Industrial Development Corp.</name>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Northern Tobacco Securitization Corp.</title>
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          <isin value="US66585VAX38"/>
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        <name>Northampton County Industrial Development Authority</name>
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        <name>Mitchell Ranch Community Development District</name>
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          <isin value="US606632AD96"/>
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          <maturityDt>2049-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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        <name>City of Atwater CA Wastewater Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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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>State of Illinois</name>
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        <name>Delaware State Economic Development Authority</name>
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          <maturityDt>2048-11-15</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Brooklyn Arena Local Development Corp.</name>
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        <name>Michigan Finance Authority</name>
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        <name>City of Las Vegas NV Special Improvement District No. 607</name>
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        <name>Geisinger Authority</name>
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          <isin value="US368497FC28"/>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Branson Regional Airport Transportation Development District</name>
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        <name>County of Darke OH</name>
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        <name>Michigan Finance Authority</name>
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        <name>Bannon Lakes Community Development District</name>
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        <name>City of Chicago IL</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>City of Atwater CA Wastewater Revenue</name>
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        <name>Chicago Board of Education</name>
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        <name>New Haven Unified School District</name>
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        <name>City of Chicago IL</name>
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        <name>Downtown Doral South Community Development District</name>
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        <name>City of Irving TX</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>La Paz County Industrial Development Authority</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>South Jersey Port Corp.</name>
        <lei>N/A</lei>
        <title>South Jersey Port Corp.</title>
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          <isin value="US838530RH87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052TAW53"/>
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        <valUSD>4406325.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palomar Health</name>
        <lei>N/A</lei>
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          <isin value="US697528AV90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <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>City of Haslet TX</name>
        <lei>N/A</lei>
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          <isin value="US418304AD36"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1241268.00000000</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>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Parkland Preserve Community Development District</name>
        <lei>N/A</lei>
        <title>Parkland Preserve Community Development District</title>
        <cusip>701403AE7</cusip>
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          <isin value="US701403AE75"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>905085.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tulsa Airports Improvement Trust</name>
        <lei>N/A</lei>
        <title>Tulsa Airports Improvement Trust</title>
        <cusip>899661EL2</cusip>
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          <isin value="US899661EL22"/>
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        <balance>9070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9022836.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.99999900</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
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          <isin value="US59447TUJ05"/>
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        <balance>5975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6551946.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136EW7</cusip>
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          <isin value="US646136EW70"/>
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        <balance>11150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7290316.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Concord Station Community Development District</name>
        <lei>N/A</lei>
        <title>Concord Station Community Development District</title>
        <cusip>206494AQ9</cusip>
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          <isin value="US206494AQ97"/>
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        <balance>2990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3186652.30000000</valUSD>
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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>3.50000000</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="US51265KBF49"/>
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        <balance>2370000.00000000</balance>
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        <valUSD>2485964.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Bridgewater Community Development District</name>
        <lei>N/A</lei>
        <title>Bridgewater Community Development District</title>
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          <isin value="US108624AR89"/>
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        <valUSD>7612558.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <balance>3760000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.45000000</annualizedRt>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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          <isin value="US64461XDU63"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Whispering Pines Metropolitan District No. 1</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</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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        <cusip>74526QL75</cusip>
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        <invCountry>PR</invCountry>
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          <maturityDt>2022-07-01</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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        <invCountry>PR</invCountry>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Roseville CA</name>
        <lei>549300OH100KESVPND17</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US646136U825"/>
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        <balance>26100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Talis Park Community Development District</name>
        <lei>N/A</lei>
        <title>Talis Park Community Development District</title>
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          <isin value="US874249AS49"/>
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        <curCd>USD</curCd>
        <valUSD>175066.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Kyle TX</name>
        <lei>549300K0SYODYQ0ANN48</lei>
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        <balance>1405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1505162.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Armstrong Community Development District</name>
        <lei>N/A</lei>
        <title>Armstrong Community Development District</title>
        <cusip>04232CAH8</cusip>
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          <isin value="US04232CAH88"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521106.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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="US13077EEK29"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1705057.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>74526QH88</cusip>
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          <isin value="US74526QH881"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Inland Empire Tobacco Securitization Corp., Series 2007, Class C</title>
        <cusip>45734TAE4</cusip>
        <identifiers>
          <isin value="US45734TAE47"/>
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        <balance>51235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8583399.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Detroit MI Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>City of Detroit MI Sewage Disposal System Revenue</title>
        <cusip>251250AR7</cusip>
        <identifiers>
          <isin value="US251250AR70"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2195300.00000000</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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aviary at Rutland Ranch Community Development District</name>
        <lei>N/A</lei>
        <title>Aviary at Rutland Ranch Community Development District</title>
        <cusip>05369FAC4</cusip>
        <identifiers>
          <isin value="US05369FAC41"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>932985.00000000</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>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>Oklahoma Development Finance Authority</title>
        <cusip>67884XCM7</cusip>
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          <isin value="US67884XCM74"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2706500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Class B</title>
        <cusip>38122NPD8</cusip>
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          <isin value="US38122NPD83"/>
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        <balance>77260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16155066.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
        <lei>N/A</lei>
        <title>Las Vegas Convention &amp; Visitors Authority</title>
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        <balance>2795000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Isles Bartram Park Community Development District</name>
        <lei>N/A</lei>
        <title>Isles Bartram Park Community Development District</title>
        <cusip>464665AG3</cusip>
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          <isin value="US464665AG30"/>
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        <balance>990000.00000000</balance>
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        <valUSD>1024937.10000000</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>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>74526QJ94</cusip>
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          <isin value="US74526QJ945"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>45470CAE9</cusip>
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          <isin value="US45470CAE93"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Darke OH</name>
        <lei>N/A</lei>
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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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <balance>8500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tolomato Community Development District</name>
        <lei>N/A</lei>
        <title>Tolomato Community Development District</title>
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          <isin value="US889560BU19"/>
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        <balance>1775000.00000000</balance>
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        <valUSD>1988692.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
        <cusip>64542QBK8</cusip>
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          <isin value="US64542QBK85"/>
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        <balance>1465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500160.00000000</valUSD>
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        <name>Puerto Rico Electric Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Guam Government Waterworks Authority</name>
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          <isin value="US40065FBA12"/>
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        <curCd>USD</curCd>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Gainesville &amp; Hall County Development Authority</name>
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          <isin value="US36274PAD96"/>
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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>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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          <isin value="US745160QB05"/>
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        <valUSD>7607425.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US54639TCV26"/>
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        <valUSD>5714269.00000000</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>2059-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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          <isin value="US592643BM10"/>
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        <valUSD>30848500.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QJ291"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Brighton Crossing Metropolitan District No. 4</name>
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        <name>Tulsa Airports Improvement Trust</name>
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        <name>Canyons Metropolitan District No. 6</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Estrella Mountain Ranch Community Facilities District</name>
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        <name>California County Tobacco Securitization Agency</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>East Homestead Community Development District</name>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SSE53"/>
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          <maturityDt>2047-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US546399CM60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Hickory Creek TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>City of Hackberry TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Highland Meadows West Community Development District</name>
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        <name>Artisan Lakes East Community Development District</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Lancaster County Hospital Authority PA</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Village of Lincolnshire IL</name>
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        <name>Midtown Miami Community Development District</name>
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        <name>Rolling Oaks Community Development District</name>
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        <name>Ohio Air Quality Development Authority</name>
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      <invstOrSec>
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          <maturityDt>2046-05-15</maturityDt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Brunswick MD</name>
        <lei>N/A</lei>
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          <isin value="US117250AE03"/>
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        <valUSD>1494529.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>956622T95</cusip>
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          <isin value="US956622T952"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship 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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>California Community College Financing Authority</name>
        <lei>N/A</lei>
        <title>California Community College Financing Authority</title>
        <cusip>13012RAW9</cusip>
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          <isin value="US13012RAW97"/>
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        <balance>2850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2912158.50000000</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>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
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        <cusip>64966TFJ8</cusip>
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          <isin value="US64966TFJ88"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2081140.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Orleans Aviation Board</name>
        <lei>N/A</lei>
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        <cusip>64763HHK4</cusip>
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          <isin value="US64763HHK41"/>
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        <balance>4850000.00000000</balance>
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        <valUSD>5517263.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Higher Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Washington Higher Education Facilities Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Roseville CA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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        <name>Orange County Community Facilities District</name>
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        <title>Orange County Community Facilities District</title>
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          <maturityDt>2047-08-15</maturityDt>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13048VDV71"/>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <name>New York Transportation Development Corp.</name>
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        <name>University Medical Center Corp.</name>
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        <name>Wildblue Community Development District</name>
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        <name>Lanterns Metropolitan District No. 1</name>
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        <name>Calcasieu Parish Memorial Hospital Service District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Chicago Board of Education</name>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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      <invstOrSec>
        <name>Landmark at Doral Community Development District</name>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Bellagio Community Development District</name>
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          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DXJ52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Orange County Community Facilities District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <balance>4730000.00000000</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>2042-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Triple Creek Community Development District</name>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <maturityDt>2050-12-31</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Princeton TX</name>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Finley Woods Community Development District</name>
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          <maturityDt>2050-05-01</maturityDt>
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        <name>Westside 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>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>Osceola Chain Lakes Community Development District</name>
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        <name>Spartanburg Regional Health Services District</name>
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        <name>Baywinds Community Development District</name>
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        <name>Placer Union High School District CA</name>
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        <name>Bay Laurel Center Community Development District</name>
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        <name>Estancia at Wiregrass Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>New York Transportation Development Corp.</name>
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      <invstOrSec>
        <name>Reunion East Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2033-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Chicago IL</name>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Montgomery County Toll Road Authority</name>
        <lei>N/A</lei>
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          <isin value="US61371DAT19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US646136WH02"/>
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          <maturityDt>2036-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Detroit City School District</name>
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          <maturityDt>2021-05-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency</name>
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          <maturityDt>2029-01-15</maturityDt>
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        <name>Palisade Park West Metropolitan District</name>
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          <isin value="US69640PAA30"/>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>County of Hamilton OH</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2039-05-01</maturityDt>
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        <name>Franklin County Convention Facilities Authority</name>
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        <name>Development Authority of Rockdale County</name>
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        <name>City of Las Vegas NV Special Improvement District No. 607</name>
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        <name>Commonwealth Financing Authority</name>
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        <name>St Vrain Lakes Metropolitan District No. 2</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Troy Capital Resource Corp.</name>
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        <name>Chino Public Financing Authority</name>
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        <name>Davenport Road South Community Development District</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>646136EY3</cusip>
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          <isin value="US646136EY37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South-Dade Venture Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US837536AT88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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          <isin value="US594479FQ58"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506D5B75"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402472.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>20282EAR7</cusip>
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          <isin value="US20282EAR71"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2307911.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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          <isin value="US594698QR67"/>
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        <balance>22545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24911999.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DNW73"/>
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        <curCd>USD</curCd>
        <valUSD>1002620.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>North Sumter County Utility Dependent District</name>
        <lei>N/A</lei>
        <title>North Sumter County Utility Dependent District</title>
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          <isin value="US66272RCH30"/>
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        <curCd>USD</curCd>
        <valUSD>3646200.00000000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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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        <cusip>645790DD5</cusip>
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          <isin value="US645790DD57"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1189430.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
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          <isin value="US59447TFX63"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <cusip>018444BA6</cusip>
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          <isin value="US018444BA60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tobacco Securitization Authority of Southern California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Edinburg Economic Development Corp.</name>
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        <title>Edinburg Economic Development Corp.</title>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>California Pollution Control Financing Authority</name>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
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        <cusip>246372AM8</cusip>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 1998</title>
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          <isin value="US64578CAA99"/>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Copper Creek Community Development District</name>
        <lei>N/A</lei>
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        <name>Venetian Parc Community Development District</name>
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        <name>Mediterranea Community Development District</name>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>Creek Preserve Community Development District</name>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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          <maturityDt>2049-09-02</maturityDt>
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        <name>Northglenn Urban Renewal Authority</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Leyden Rock Metropolitan District No. 10</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>Tolomato Community Development District</name>
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        <name>North Carolina Medical Care Commission</name>
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      <invstOrSec>
        <name>Esplanade Lake Club Community Development District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>City of St Cloud MN</name>
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        <curCd>USD</curCd>
        <valUSD>2504700.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village Community Development District No. 9</name>
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          <isin value="US92708AAB52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QV585"/>
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        <curCd>USD</curCd>
        <valUSD>4410375.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US646136WS66"/>
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        <curCd>USD</curCd>
        <valUSD>801530.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QU595"/>
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        <curCd>USD</curCd>
        <valUSD>3205125.00000000</valUSD>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <name>Tempe Industrial Development Authority</name>
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          <isin value="US87972MAM47"/>
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        <curCd>USD</curCd>
        <valUSD>1263525.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QWU20"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US882667AM09"/>
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        <curCd>USD</curCd>
        <valUSD>4047459.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584YQJ19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <maturityDt>2045-01-15</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461365N73"/>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>County of Prince George's MD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hawkstone Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-01</maturityDt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Sierra Ridge Metropolitan District No. 2</name>
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        <valUSD>753547.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
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          <isin value="US74514LQB61"/>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Storey Creek Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Denair Unified School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
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        <name>Palm Coast Park Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-15</maturityDt>
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        <name>Oneida County Local Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Toscana Isles Community Development District</name>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Reunion West Community Development District</name>
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        <name>New Jersey Economic 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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          <maturityDt>2021-01-01</maturityDt>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Mirabelle Metropolitan District No. 2</name>
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        <name>Michigan Strategic Fund</name>
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        <name>Lynwood Community Development District</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Reunion East Community Development District</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>County of Ohio WV Special District Excise Tax Revenue</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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      <invstOrSec>
        <name>County of Osceola FL Transportation Revenue</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US87972MBE12"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Detroit MI</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>2044-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999900</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116CV61"/>
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        <balance>6850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7066117.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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="US64577QAE17"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1056540.00000000</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>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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          <isin value="US745160RB95"/>
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        <balance>6185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6308700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Edinburg Economic Development Corp.</name>
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        <title>Edinburg Economic Development Corp.</title>
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          <isin value="US28078PAF99"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>341103.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verandah East Community Development District</name>
        <lei>N/A</lei>
        <title>Verandah East Community Development District</title>
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          <isin value="US92337YAD85"/>
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        <curCd>USD</curCd>
        <valUSD>1011800.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204E4P05"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>811532.15000000</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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
        <lei>N/A</lei>
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        <balance>980000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Meadow Pointe IV Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2015-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>TSR Community Development District</name>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>South Sloan's Lake Metropolitan District No. 2</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Two Lakes Community Development District</name>
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        <name>Concorde Estates Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-11-01</maturityDt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Reunion East Community Development District</name>
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      <invstOrSec>
        <name>Trevesta Community Development District</name>
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        <name>General Authority of Southcentral Pennsylvania</name>
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        <name>Century Park South Community Development District</name>
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          <isin value="US156657AD01"/>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Mateo CA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447TGA51"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Spencer Creek Community Development District</name>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>River Hall Community Development District</name>
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        <name>Armstrong Community Development District</name>
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        <name>Fontainbleau Lakes Community Development District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Port of Seattle Industrial Development Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Sacramento County Sanitation Districts Financing Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>William S Hart Union High School District</name>
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          <maturityDt>2047-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Winding Cypress Community Development District</name>
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          <maturityDt>2025-11-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Whispering Pines Metropolitan District No. 1</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Lucerne Park Community Development District</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Prairie Center Metropolitan District No. 3</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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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>21790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24725113.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Plaza Metropolitan District No. 1</name>
        <lei>N/A</lei>
        <title>Plaza Metropolitan District No. 1, Series 2013</title>
        <cusip>72818QAX1</cusip>
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          <isin value="US72818QAX16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1008570.00000000</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>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>
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          <isin value="US74526QG719"/>
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        <balance>3130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2167525.00000000</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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Public Energy Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Public Energy Authority</title>
        <cusip>74440DCC6</cusip>
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          <isin value="US74440DCC65"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1432934.25000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999900</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>Metropolitan Pier &amp; Exposition Authority</title>
        <cusip>592250DN1</cusip>
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          <isin value="US592250DN11"/>
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        <balance>11460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10865913.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</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>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136EQ0</cusip>
        <identifiers>
          <isin value="US646136EQ03"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3954750.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hacienda Lakes Community Development District</name>
        <lei>5493004FIGRL2HHJIT44</lei>
        <title>Hacienda Lakes Community Development District</title>
        <cusip>40450UAF1</cusip>
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          <isin value="US40450UAF12"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1548515.20000000</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>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Santa Paula CA</name>
        <lei>N/A</lei>
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          <isin value="US802545AN38"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1116412.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <isin value="US249271GV36"/>
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        <valUSD>18065780.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Timnath Metropolitan District No. 1</name>
        <lei>N/A</lei>
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        <cusip>84056MAA6</cusip>
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          <isin value="US84056MAA62"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508885.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <maturityDt>2033-06-01</maturityDt>
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        <name>South Sloan's Lake Metropolitan District No. 2</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clayton County Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Southern California</name>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45470CAB54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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          <maturityDt>2049-12-01</maturityDt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QG487"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-07-01</maturityDt>
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          <annualizedRt>4.20000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052TBU88"/>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
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          <isin value="US345105HK93"/>
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        <valUSD>1172680.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Village of Romeoville IL</name>
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          <isin value="US77615NBA19"/>
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        <curCd>USD</curCd>
        <valUSD>1026831.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
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          <isin value="US40065FDD33"/>
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        <invCountry>GU</invCountry>
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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>State of Illinois</name>
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          <isin value="US4521526M81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QP97</cusip>
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          <isin value="US74526QP975"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144900.00000000</valUSD>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>South Village Community Development District</name>
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          <isin value="US84060HAS22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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      <invstOrSec>
        <name>Troy Capital Resource Corp.</name>
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          <isin value="US897579AB49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Troy Capital Resource Corp.</name>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2022-02-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <invCountry>PR</invCountry>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>Watergrass Community Development District II</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hospitals &amp; Higher Education Facilities Authority of Philadelphia (The)</name>
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        <name>Silicon Valley Tobacco Securitization Authority</name>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Wiregrass Community Development District</name>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2017-07-01</maturityDt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
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      <invstOrSec>
        <name>Meadow Pointe IV Community Development District</name>
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          <maturityDt>2015-05-01</maturityDt>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
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        <name>Baywinds Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2023-02-01</maturityDt>
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        <name>Veranda Community Development District II</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Moody River Estates Community Development District</name>
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        <name>Tampa-Hillsborough County Expressway Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Town of Davie FL</name>
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        <name>Pomponio Terrace Metropolitan District</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Public Finance Authority</name>
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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>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Wichita KS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <isin value="US34061UDM71"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Belmont Community Development District</name>
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          <isin value="US080228AC38"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>Houston County Health Care Authority</name>
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          <isin value="US441878BV64"/>
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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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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          <isin value="US71885DDC39"/>
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        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>Triple Creek Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US89677RAR66"/>
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        <valUSD>1626931.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Karegnondi Water Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578EKB29"/>
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        <curCd>USD</curCd>
        <valUSD>2672861.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Palomar Health</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Reunion East Community Development District</name>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461364C28"/>
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          <maturityDt>2031-12-15</maturityDt>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>City of Rancho Cordova CA</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-09-01</maturityDt>
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        <name>City of North Las Vegas NV</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <name>Central Texas Turnpike System</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Greater Orlando Aviation Authority</name>
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        <name>West Virginia Economic Development Authority</name>
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        <name>Greater Orlando Aviation Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Portico Community Development District</name>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Six Mile Creek Community Development District</name>
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          <maturityDt>2050-11-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Waterset North Community Development District</name>
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        <name>Tisons Landing Community Development District</name>
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        <name>Henderson Local Improvement Districts</name>
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        <name>Serenity Ridge Metropolitan District No. 2</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>North Range Metropolitan District No. 2</name>
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          <maturityDt>2047-05-15</maturityDt>
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          <maturityDt>2039-11-01</maturityDt>
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        <name>Mediterranea Community Development District</name>
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          <maturityDt>2048-05-01</maturityDt>
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        <name>Veranda Community Development District II</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Heritage Harbour South Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>South Carolina Public Service Authority</name>
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      <invstOrSec>
        <name>East Garrison Public Finance Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>LT Ranch Community Development District</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>South Kendall Community Development District</name>
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      <invstOrSec>
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        <name>Forest Trace Metropolitan District No. 3</name>
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        <name>Henderson Local Improvement Districts</name>
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        <name>North Sumter County Utility Dependent District</name>
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        <name>Vizcaya in Kendall Community Development District</name>
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        <name>City of Baltimore MD</name>
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        <name>Villamar Community Development District</name>
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        <name>Verano No. 1 Community Development District</name>
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        <name>Durbin Crossing Community Development District</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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      <invstOrSec>
        <name>Troy Capital Resource Corp.</name>
        <lei>N/A</lei>
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          <isin value="US897579BW76"/>
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          <maturityDt>2038-09-01</maturityDt>
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      <invstOrSec>
        <name>Washington State Convention Center Public Facilities District</name>
        <lei>N/A</lei>
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          <isin value="US93976ACH32"/>
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          <maturityDt>2058-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Second Creek Farm Metropolitan District No. 3</name>
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          <isin value="US81321CAB19"/>
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        <curCd>USD</curCd>
        <valUSD>5574493.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Takoda Metropolitan District</name>
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          <isin value="US874067AJ07"/>
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        <curCd>USD</curCd>
        <valUSD>9487280.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Fork III Community Development District</name>
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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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        <name>Touchstone Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Yonkers Economic Development Corp.</name>
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          <isin value="US98608MAG69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Hillcrest Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Rancho Cordova CA</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Water's Edge Community Development District Manatee County</name>
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        <name>City of New Haven CT</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Southern Hills Plantation I Community Development District</name>
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        <name>Rialto Unified School District</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Village Community Development District</name>
        <lei>N/A</lei>
        <title>South Village Community Development District</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Yonkers Economic Development Corp.</name>
        <lei>N/A</lei>
        <title>Yonkers Economic Development Corp.</title>
        <cusip>98608MAF8</cusip>
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          <isin value="US98608MAF86"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>623139.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204E4Q8</cusip>
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          <isin value="US45204E4Q87"/>
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        <balance>920000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1024990.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Hempstead Town Local Development Corp.</title>
        <cusip>424682HW5</cusip>
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          <isin value="US424682HW51"/>
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        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>922009.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia</title>
        <cusip>25483VVQ4</cusip>
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          <isin value="US25483VVQ49"/>
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        <balance>1140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1242326.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southern Hills Plantation I Community Development District</name>
        <lei>N/A</lei>
        <title>Southern Hills Plantation I Community Development District, Series 2011 A-2</title>
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          <isin value="US843054AC12"/>
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        <balance>2640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1991616.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2012</title>
        <cusip>452152LT6</cusip>
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          <isin value="US452152LT60"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>761917.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116CW4</cusip>
        <identifiers>
          <isin value="US650116CW45"/>
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        <balance>4565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4713682.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quad Cities Regional Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Quad Cities Regional Economic Development Authority, Series 2012</title>
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          <isin value="US74731RAU59"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>874776.00000000</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>4.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204EEJ3</cusip>
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          <isin value="US45204EEJ38"/>
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        <balance>3470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3840561.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CDS</title>
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      <invstOrSec>
        <name>San Diego Unified School District CA</name>
        <lei>N/A</lei>
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          <isin value="US797355Q313"/>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Michigan Finance Authority</name>
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          <isin value="US59447PZP97"/>
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        <invCountry>US</invCountry>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.95000000</annualizedRt>
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      <invstOrSec>
        <name>Triple Creek Community Development District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Oroville CA</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp. VA</name>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
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      <invstOrSec>
        <name>City of Portland ME General Airport Revenue</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heritage Landing Community Development District</name>
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        <name>Palm Glades Community Development District</name>
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        <name>Aberdeen Community Development District</name>
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        <name>City of Venice FL</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>Village Community Development District No. 10</name>
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        <name>Illinois Finance Authority</name>
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        <name>Century Park South Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US74529JQE81"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Vermont Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US92415TBQ40"/>
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        <valUSD>913250.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <isin value="US882667AY47"/>
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          <maturityDt>2039-12-31</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Towne Park Community Development District</name>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>Sky Ranch Community Authority Board</name>
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          <isin value="US83086FAA75"/>
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        <valUSD>1460730.00000000</valUSD>
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          <maturityDt>2049-12-01</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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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US67176TAE38"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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          <isin value="US745190ZN12"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>San Diego Unified School District CA</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>City of Las Vegas NV Special Improvement District No. 607</name>
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        <name>Oregon State Facilities Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Port Beaumont Navigation District</name>
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        <name>Alexandria Industrial Development Authority</name>
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        <name>Board of Managers Joint Guadalupe County-City of Seguin Hospital</name>
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        <name>Winding Cypress Community Development District</name>
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        <name>Touchstone Community Development District</name>
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        <name>Verandah East Community Development District</name>
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        <name>Ritoro Metropolitan District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>City of Princeton TX</name>
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        <name>Landmark at Doral Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Dublin Community Facilities District No. 2015-1</name>
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        <name>Second Creek Farm Metropolitan District No. 3</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>TSR Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>City of New Haven CT</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>City of Hackberry TX</name>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Esplanade Lake Club Community Development District</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Wiregrass Community Development District</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Cape Girardeau County Industrial Development Authority</name>
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        <name>Waterset North Community Development District</name>
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          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>New York Liberty Development Corp.</name>
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          <isin value="US649519DG72"/>
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          <maturityDt>2069-09-15</maturityDt>
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        <name>Lancaster County Hospital Authority PA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Irvine Unified School District</name>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
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          <isin value="US56681NEW39"/>
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      <invstOrSec>
        <name>County of Broward FL Port Facilities Revenue</name>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>Chino Public Financing Authority</name>
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        <name>City of Shenandoah TX</name>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>Regional Transportation District</name>
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        <name>Quad Cities Regional Economic Development Authority</name>
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        <name>Two Creeks Community Development District</name>
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        <name>Town of Cortland IL Special Service Areas No. 9</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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        <debtSec>
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        <name>City of Rowlett TX</name>
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          <maturityDt>2046-09-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
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          <isin value="US745220ER09"/>
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        <curCd>USD</curCd>
        <valUSD>1929889.50000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Creekwalk Marketplace Business Improvement District</name>
        <lei>N/A</lei>
        <title>Creekwalk Marketplace Business Improvement District</title>
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          <isin value="US225515AC98"/>
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        <balance>10900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10747182.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Midtown Miami Community Development District</name>
        <lei>N/A</lei>
        <title>Midtown Miami Community Development District</title>
        <cusip>59807PAE5</cusip>
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          <isin value="US59807PAE51"/>
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        <balance>3440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3582175.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Lake Reserve Community Development District</name>
        <lei>N/A</lei>
        <title>Long Lake Reserve Community Development District</title>
        <cusip>54278LAD7</cusip>
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          <isin value="US54278LAD73"/>
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        <balance>985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025562.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Century Park Community Development District</name>
        <lei>N/A</lei>
        <title>Century Park Community Development District, Series 2012</title>
        <cusip>156649AQ8</cusip>
        <identifiers>
          <isin value="US156649AQ80"/>
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        <balance>1705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1800514.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</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>
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        <cusip>74526QT93</cusip>
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          <isin value="US74526QT936"/>
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        <balance>5210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3712125.00000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Regional Transportation Authority</name>
        <lei>549300FOIPI62F5YFO59</lei>
        <title>Regional Transportation Authority</title>
        <cusip>7599112J8</cusip>
        <identifiers>
          <isin value="US7599112J89"/>
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        <balance>7730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8349868.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virgin Islands Public Finance Authority</name>
        <lei>N/A</lei>
        <title>Virgin Islands Public Finance Authority, Series 2009, Class A</title>
        <cusip>927676QT6</cusip>
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          <isin value="US927676QT63"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1834280.00000000</valUSD>
        <pctVal>0.022403496085</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <cusip>86202RAF2</cusip>
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          <isin value="US86202RAF29"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1992550.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dinosaur Ridge Metropolitan District</name>
        <lei>N/A</lei>
        <title>Dinosaur Ridge Metropolitan District</title>
        <cusip>254457AA2</cusip>
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          <isin value="US254457AA25"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3697894.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Scranton Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>Scranton Redevelopment Authority</title>
        <cusip>81080LAF3</cusip>
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          <isin value="US81080LAF31"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1021009.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern Groves Community Development District No. 5</name>
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          <isin value="US843021AC04"/>
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        <balance>375000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>3.60000000</annualizedRt>
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        <name>Village Community Development District No. 10</name>
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          <isin value="US92707CAB28"/>
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        <balance>2500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
        <lei>549300J6QBXVWJXB7Y41</lei>
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          <isin value="US745190M886"/>
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        <balance>330000.00000000</balance>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Hospitals &amp; Higher Education Facilities Authority of Philadelphia (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Oroville CA</name>
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        <balance>14580000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
        <title>Puerto Rico Infrastructure Financing Authority, Series 2005</title>
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          <isin value="US745220EQ26"/>
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        <balance>4785000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>None</couponKind>
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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>
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          <isin value="US61945DAC56"/>
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      <invstOrSec>
        <name>Stoneybrook South at Championsgate Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2049-06-15</maturityDt>
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      <invstOrSec>
        <name>Timberleaf Metropolitan District</name>
        <lei>N/A</lei>
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          <isin value="US88714TAA60"/>
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        <valUSD>1767368.00000000</valUSD>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Vizcaya in Kendall Community Development District</name>
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          <isin value="US92856EAW12"/>
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        <valUSD>1374113.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>TSR Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US89854CAV54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Cumberland County Municipal Authority</name>
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        <cusip>230614HL6</cusip>
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          <isin value="US230614HL66"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spring Ridge Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US849860AA98"/>
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        <balance>1145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>993253.15000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>Viridian Municipal Management District</name>
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          <isin value="US92823UAB17"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531740.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Village Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US84060HAT05"/>
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        <balance>1715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1791214.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461364G32"/>
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        <balance>6070000.00000000</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>
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          <maturityDt>2035-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US05616KAA88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Concorde Estates Community Development District</name>
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        <title>Concorde Estates Community Development District, Series 2011 A-2</title>
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          <isin value="US20651XAD93"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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          <isin value="US74442EEF34"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bexley Community Development District</name>
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          <annualizedRt>4.10000000</annualizedRt>
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        <name>N/A</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>City of Atlantic City NJ</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <title>Pennsylvania Higher Educational Facilities Authority</title>
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        <valUSD>406836.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <name>Verano No. 2 Community Development District</name>
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      <invstOrSec>
        <name>City of Princeton TX</name>
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          <maturityDt>2040-09-01</maturityDt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
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          <isin value="US13032UMH85"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Anna TX</name>
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          <maturityDt>2048-09-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Orlando Community Redevelopment Agency</name>
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          <maturityDt>2025-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mountain Sky Metropolitan District</name>
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          <isin value="US62427HAA59"/>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Princeton TX</name>
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          <isin value="US742400AX20"/>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wildgrass at Rockrimmon Metropolitan 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>2023-07-01</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Durbin Crossing Community Development District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Copperspring Community Development District</name>
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        <name>Capistrano Unified School District Community Facilities District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Summer Woods Community Development District</name>
        <lei>N/A</lei>
        <title>Summer Woods Community Development District</title>
        <cusip>865657AH3</cusip>
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          <isin value="US865657AH37"/>
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        <curCd>USD</curCd>
        <valUSD>452751.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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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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        <curCd>USD</curCd>
        <valUSD>222827.00000000</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>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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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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        <curCd>USD</curCd>
        <valUSD>3621296.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.78500000</annualizedRt>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Northern Tobacco Securitization Corp.</title>
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          <isin value="US66585VAW54"/>
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        <curCd>USD</curCd>
        <valUSD>6281256.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Baltimore MD</name>
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        <title>County of Baltimore</title>
        <cusip>059151CL2</cusip>
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          <isin value="US059151CL22"/>
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        <curCd>USD</curCd>
        <valUSD>1738883.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>745220FN8</cusip>
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          <isin value="US745220FN85"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1668903.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Baltimore MD</name>
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          <isin value="US059151DJ66"/>
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        <balance>4980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5367543.60000000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13078RHG83"/>
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        <balance>5640000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-15</maturityDt>
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      <invstOrSec>
        <name>Fontainbleau Lakes 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>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Alhambra Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Bellagio Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Pollution Control Corp.</name>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>6.25000000</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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        <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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      <invstOrSec>
        <name>Prime Healthcare Foundation, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>City of Chicago IL</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Hamilton OH</name>
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      <invstOrSec>
        <name>City of Centerville OH</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Clear Creek Station Metropolitan District No. 2</name>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Chicago IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Centerville OH</name>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Commonwealth Financing Authority</name>
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        <name>Arborwood 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>2027-07-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Highlands Community Development District</name>
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        <name>Denver Connection West Metropolitan District</name>
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        <name>Kindred Community Development District</name>
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        <name>Cornerstar Metropolitan District</name>
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        <invCountry>US</invCountry>
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        <name>Merced Union High School District</name>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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          <isin value="US13080SUG73"/>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
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          <isin value="US155498ER55"/>
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          <maturityDt>2046-01-01</maturityDt>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>General Authority of Southcentral Pennsylvania</name>
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          <maturityDt>2044-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Escambia County Health Facilities Authority</name>
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          <maturityDt>2050-08-15</maturityDt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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          <maturityDt>2044-09-02</maturityDt>
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        <name>California Municipal Finance Authority</name>
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          <maturityDt>2047-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Haven Unified School District</name>
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          <maturityDt>2030-08-01</maturityDt>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Municipal Electric Authority of Georgia</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lynwood Community Development District</name>
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          <maturityDt>2049-06-15</maturityDt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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          <maturityDt>2054-12-15</maturityDt>
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        <name>Oneida County Local Development Corp.</name>
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        <name>City of Chicago IL</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>City of Princeton TX</name>
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        <name>Coco Palms Community Development District</name>
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      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712D6D32"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Coronado Community Development District</name>
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          <isin value="US219782AL39"/>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
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          <isin value="US682440BC57"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vizcaya in Kendall Community Development District</name>
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          <isin value="US92856EAU55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45203HM254"/>
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        <valUSD>746065.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Transbay Joint Powers Authority</name>
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          <isin value="US89356CAU09"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <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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        <cusip>74526QW40</cusip>
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          <isin value="US74526QW401"/>
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        <curCd>USD</curCd>
        <valUSD>43225.00000000</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>2017-07-01</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Talis Park Community Development District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Waterset Central Community Development District</name>
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          <maturityDt>2024-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Golden State Tobacco Securitization Corp.</name>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>Chester County Industrial Development Authority</name>
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        <name>Riverside County Redevelopment Successor Agency</name>
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        <name>Arizona Industrial Development Authority</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp. VA</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Duluth Independent School District No. 709</name>
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        <name>Denver Connection West Metropolitan District</name>
        <lei>N/A</lei>
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        <name>McJunkin Parkland Community Development District</name>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Allegheny PA</name>
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          <isin value="US01728VFV71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Water's Edge Community Development District Manatee County</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>5.35000000</annualizedRt>
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        <name>Lammersville Joint Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TSR Community Development District</name>
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        <name>Reunion East Community Development District</name>
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        <name>Northglenn Urban Renewal Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Colorado Health Facilities Authority</name>
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          <maturityDt>2049-01-01</maturityDt>
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        <name>Touchstone Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Village Community Development District No. 10</name>
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          <maturityDt>2055-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>70869XAB6</cusip>
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          <isin value="US70869XAB64"/>
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        <valUSD>2466051.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Glades Community Development District</name>
        <lei>N/A</lei>
        <title>Palm Glades Community Development District</title>
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          <isin value="US696638AU90"/>
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        <valUSD>727468.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65820YRL29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13050RAA05"/>
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        <valUSD>12748773.55000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Wichita KS</name>
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        <title>City of Wichita</title>
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          <isin value="US967249QR77"/>
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        <curCd>USD</curCd>
        <valUSD>1232313.75000000</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>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oxnard School District</name>
        <lei>N/A</lei>
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        <cusip>692020Q78</cusip>
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          <isin value="US692020Q780"/>
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        <balance>7800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8612370.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.00000000</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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        <cusip>645790DF0</cusip>
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          <isin value="US645790DF06"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1057743.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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        <cusip>04052AAQ9</cusip>
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          <isin value="US04052AAQ94"/>
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        <valUSD>2805993.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GU752"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <title>Texas Private Activity Bond Surface Transportation Corp.</title>
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        <balance>3750000.00000000</balance>
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        <valUSD>4109887.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GML31"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>3.67000000</annualizedRt>
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        <name>General Authority of Southcentral Pennsylvania</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Centre Lake Community Development District</name>
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          <maturityDt>2032-12-15</maturityDt>
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        <name>Blue Lake Community Development District</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <invCountry>PR</invCountry>
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        <name>Ohio Air Quality Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Botaniko Community Development District</name>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bromley Park Metropolitan District No. 2</name>
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        <name>Chicago Board of Education</name>
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        <name>Storey Creek Community Development District</name>
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        <name>Waterset Central Community Development District</name>
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        <name>New River Community Development District</name>
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          <maturityDt>2013-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>California Statewide Communities Development Authority</name>
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          <maturityDt>2049-09-02</maturityDt>
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        <name>Village Community Development District No. 5</name>
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        <name>Two Lakes Community Development District</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CP93"/>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>3.76000000</annualizedRt>
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      <invstOrSec>
        <name>Turnbull Creek Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Virgin Islands Public Finance Authority</name>
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          <isin value="US927676RK46"/>
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        <invCountry>VI</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Muskingum OH</name>
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          <isin value="US628077CK34"/>
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        <curCd>USD</curCd>
        <valUSD>8154640.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Timnath Ranch Metropolitan District No. 4</name>
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          <isin value="US887431AA23"/>
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        <valUSD>885667.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
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      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
        <lei>549300QWDXL46XQC8110</lei>
        <title>Kansas City Industrial Development Authority</title>
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          <isin value="US48503VAJ17"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>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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        <curCd>USD</curCd>
        <valUSD>12372870.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <balance>562000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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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>4.53600000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>New York City Industrial Development Agency</name>
        <lei>549300XR20ZR5DHL9534</lei>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>Mirabelle Metropolitan District No. 2</name>
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          <maturityDt>2049-12-15</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Verano No. 1 Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Juan Unified School District</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Texas Municipal Gas Acquisition and Supply Corp. I</name>
        <lei>6AZ7FRSNC3ZFPM0Z8L86</lei>
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        <name>Meadow Pointe IV Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Territory of Guam</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>Esplanade Lake Club Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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          <maturityDt>2018-07-01</maturityDt>
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      <invstOrSec>
        <name>Stoneybrook South Community Development District</name>
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          <maturityDt>2039-10-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Tapestry Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Lakeshore Villages Master Community Development District</name>
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        <name>San Bernardino City Unified School District</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Miami-Dade County Educational Facilities Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Chino Public Financing Authority</name>
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        <name>Warm Springs Reservation Confederated Tribe</name>
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        <name>Lancaster County Hospital Authority PA</name>
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        <name>Rhodine Road North Community Development District</name>
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        <name>Chicago Board of Education</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northglenn Urban Renewal Authority</name>
        <lei>N/A</lei>
        <title>Northglenn Urban Renewal Authority</title>
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          <isin value="US66644KAU25"/>
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        <curCd>USD</curCd>
        <valUSD>205996.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Ohio WV Special District Excise Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>67732PEH7</cusip>
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          <isin value="US67732PEH73"/>
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        <balance>2685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2700089.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westside Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US96149TAL08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sabell Metropolitan District</name>
        <lei>N/A</lei>
        <title>Sabell Metropolitan District</title>
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          <isin value="US78517NAA90"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QN73</cusip>
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          <isin value="US74526QN731"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34500.00000000</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>4.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Health and Education Facilities Authority Act</name>
        <lei>549300CNCK7OT82W5653</lei>
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        <cusip>64461XDX0</cusip>
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          <isin value="US64461XDX03"/>
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        <balance>7660000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US67756CDM73"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5293600.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990GV33</cusip>
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          <isin value="US64990GV339"/>
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        <balance>845000.00000000</balance>
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        <valUSD>886937.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Concord Station Community Development District</name>
        <lei>N/A</lei>
        <title>Concord Station Community Development District</title>
        <cusip>206494AR7</cusip>
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          <isin value="US206494AR70"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1590780.00000000</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>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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          <isin value="US392274F847"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5033000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Salt Lake City Corp. Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Transbay Joint Powers Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QH39</cusip>
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          <isin value="US74526QH394"/>
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        <balance>215000.00000000</balance>
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        <invCountry>PR</invCountry>
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          <maturityDt>2019-07-01</maturityDt>
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          <annualizedRt>3.30000000</annualizedRt>
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        <name>River Islands Public Financing Authority</name>
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          <isin value="US76827QDE08"/>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
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          <maturityDt>2052-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Union County Improvement Authority</name>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Venetian Parc Community Development District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Sierra Ridge Metropolitan District No. 2</name>
        <lei>N/A</lei>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>District of Columbia</name>
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        <valUSD>1350271.00000000</valUSD>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Glades Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US696638BJ37"/>
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        <curCd>USD</curCd>
        <valUSD>448572.00000000</valUSD>
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          <maturityDt>2038-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Creekwalk Marketplace Business Improvement District</name>
        <lei>N/A</lei>
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          <isin value="US225515AD71"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-15</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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          <isin value="US167510AM87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</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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          <isin value="US745160RE35"/>
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        <valUSD>114712.50000000</valUSD>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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        <name>Union Park East Community Development District</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Public Authority for Colorado Energy</name>
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        <name>Waterford Landing Community Development District</name>
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        <name>West Villages Improvement District</name>
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        <name>California Community College Financing Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
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          <isin value="US682440BM30"/>
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        <name>City of Princeton TX</name>
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          <isin value="US742400AL81"/>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Colorado Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of San Diego CA</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.10000000</annualizedRt>
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        <name>West Virginia Economic Development Authority</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>Susquehanna Area Regional Airport Authority</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Osceola Chain Lakes Community Development District</name>
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        <name>Michigan Finance Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2049-09-15</maturityDt>
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        <name>Artisan Lakes East Community Development District</name>
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        <name>Orange County Community Facilities District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Hunters Overlook Metropolitan District No. 5</name>
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        <name>Westside Community Development District</name>
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        <name>I-470 Western Gateway Transportation Development District</name>
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        <name>City of Roseville CA</name>
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        <name>Village of Morton Grove IL Tax Increment Revenue</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Arborwood Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Deer Run Community Development District</name>
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        <name>Doylestown Hospital Authority</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Village Community Development District No. 9</name>
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        <name>City of Royse City TX</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Verano No. 2 Community Development District</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>Verano No. 2 Community Development District</name>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Susquehanna Area Regional Airport Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <cusip>45734TAD6</cusip>
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          <isin value="US45734TAD63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>New York City Water &amp; Sewer System</title>
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          <isin value="US64972GXG45"/>
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        <valUSD>11687200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Two Lakes Community Development District</name>
        <lei>N/A</lei>
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        <cusip>90207EAJ0</cusip>
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          <isin value="US90207EAJ01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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        <cusip>20774LRU1</cusip>
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          <isin value="US20774LRU16"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01999800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US59447TVE09"/>
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        <balance>24000000.00000000</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>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <cusip>79766DMB2</cusip>
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          <isin value="US79766DMB28"/>
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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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
        <title>City of Celina</title>
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          <isin value="US15114CBZ68"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>449116.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Verandah East Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>City of Detroit MI</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
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          <annualizedRt>3.99999900</annualizedRt>
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        <name>Spring Lake Community Development District</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>Montgomery County Toll Road Authority</name>
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        <invCountry>US</invCountry>
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        <name>Duluth Economic Development Authority</name>
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        <name>Benloch Ranch Improvement Association No. 1</name>
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        <name>Copper Ridge Metropolitan District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CommonSpirit Health</name>
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          <maturityDt>2042-11-01</maturityDt>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
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          <maturityDt>2049-08-01</maturityDt>
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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>2033-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No. 813</name>
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          <maturityDt>2042-06-01</maturityDt>
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        <name>Amelia National Community Development District</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Creekside Village Metropolitan District</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Village Community Development District No. 5</name>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Toscana Isles Community Development District</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Campo Bello Community Development District</name>
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      <invstOrSec>
        <name>Stoneybrook South at Championsgate Community Development District</name>
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        <name>Copperleaf Metropolitan District No. 3</name>
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          <maturityDt>2049-06-01</maturityDt>
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        <name>River Islands Public Financing Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13078YPX75"/>
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        <name>South Fork III Community Development District</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Clackamas County Hospital Facility Authority</name>
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        <name>Toscana Isles Community Development District</name>
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        <name>Venetian Parc Community Development District</name>
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        <name>Public Finance Authority</name>
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        <name>Plano Special Service Area No. 5</name>
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        <name>Concorde Estates Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Canyons Metropolitan District No. 5</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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      <invstOrSec>
        <name>E-470 Public Highway Authority</name>
        <lei>549300164ZV2301BC703</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ABC Unified School District</name>
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          <maturityDt>2026-08-01</maturityDt>
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      <invstOrSec>
        <name>Two Creeks Community Development District</name>
        <lei>N/A</lei>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648AZP38"/>
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        <valUSD>3502905.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Wildgrass at Rockrimmon Metropolitan District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>184015.46000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-15</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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      <invstOrSec>
        <name>City of Justin TX</name>
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          <maturityDt>2047-09-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Estrella Mountain Ranch Community Facilities District</name>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>South Sloan's Lake Metropolitan District No. 2</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <name>Fort Bend County Industrial Development Corp.</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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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>Town of Little Elm TX</name>
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        <name>Chicago Board of Education</name>
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        <name>Two Lakes Community Development District</name>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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        <name>South Fork III Community Development District</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Flow Way Community Development District</name>
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        <name>City of Kyle TX</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Charlotte County Industrial Development Authority FL</name>
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        <name>City of Chicago IL</name>
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        <name>Chicago Board of Education</name>
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        <name>Islands at Doral III Community Development District</name>
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        <name>Chicago Board of Education</name>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
        <cusip>13016NFB5</cusip>
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          <isin value="US13016NFB55"/>
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        <valUSD>718146.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Romeoville IL</name>
        <lei>N/A</lei>
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          <isin value="US77615NAZ78"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522520.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Windshire Park Metropolitan District No. 2</name>
        <lei>N/A</lei>
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        <valUSD>1579920.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13057HAV96"/>
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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>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern Groves Community Development District No. 5</name>
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          <isin value="US843021AH90"/>
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        <valUSD>343077.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VPX00"/>
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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>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QT449"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511225.00000000</valUSD>
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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>2030-07-01</maturityDt>
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          <annualizedRt>7.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Campo Bello Community Development District</name>
        <lei>N/A</lei>
        <title>Campo Bello Community Development District</title>
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          <isin value="US134623AC18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Sherwood Manor Community Development District</name>
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        <valUSD>3975522.00000000</valUSD>
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        <invCountry>US</invCountry>
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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>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.12500000</annualizedRt>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2029-12-15</maturityDt>
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        <name>M-S-R Energy Authority</name>
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        <name>Constitution Heights Metropolitan District</name>
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        <name>Highlands Meadows II Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-11-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority</title>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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      <invstOrSec>
        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>76827QCR2</cusip>
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        <name>Avalon Groves Community Development District</name>
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      <invstOrSec>
        <name>Pennsylvania Higher Educational Facilities Authority</name>
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          <maturityDt>2045-12-01</maturityDt>
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        <name>Concord Station Community Development District</name>
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          <maturityDt>2046-05-01</maturityDt>
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      <invstOrSec>
        <name>Parkway Center Community Development District</name>
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        <name>Coco Palms Community Development District</name>
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          <maturityDt>2039-06-15</maturityDt>
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        <name>Rhodine Road North Community Development District</name>
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        <name>Two Lakes Community Development District</name>
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        <name>City of Shenandoah TX</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Spencer Creek Community Development District</name>
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        <name>Copperleaf Metropolitan District No. 2</name>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
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        <name>Kauai County Community Facilities District</name>
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    <signature>
      <ncom:dateSigned>2020-07-30</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>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
