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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Calimesa CA</name>
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          <maturityDt>2033-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Samoa Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US02936TAK79"/>
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        <invCountry>AS</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>3.72000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204EEJ38"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261ASZ11"/>
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        <curCd>USD</curCd>
        <valUSD>310572.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204EJ339"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>6.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Detroit MI</name>
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        <title>City of Detroit</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Orleans Aviation Board</name>
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          <isin value="US64763HHK41"/>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2046-06-15</maturityDt>
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        <name>Monongalia County Commission Excise Tax District</name>
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        <name>Duluth Independent School District No. 709</name>
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          <maturityDt>2032-03-01</maturityDt>
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        <name>Kentucky Public Energy Authority</name>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>Kindred Community Development District II</name>
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        <name>Chicago Board of Education</name>
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        <name>State of Illinois</name>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>Michigan Finance Authority</name>
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        <name>Villa Portofino East Community Development District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Hills Minneola Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>Babcock Ranch Community Independent Special District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Plaza at Noah's Ark Community Improvement District</name>
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        <name>Alvord Unified School District</name>
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          <maturityDt>2036-08-01</maturityDt>
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      <invstOrSec>
        <name>Santa Monica-Malibu Unified School District</name>
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        <name>Puerto Rico Infrastructure Financing 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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        <name>Bannon Lakes Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Santa Monica-Malibu Unified School District</name>
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        <curCd>USD</curCd>
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          <maturityDt>2050-08-01</maturityDt>
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      <invstOrSec>
        <name>Inland Empire Tobacco Securitization Corp.</name>
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          <isin value="US45734TAD63"/>
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        <valUSD>94636.48000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>Triple Creek Community Development District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Citadel on Colfax Business Improvement District</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>North Carolina Turnpike Authority</name>
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        <name>Chicago Board of Education</name>
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      <invstOrSec>
        <name>Tennergy Corp.</name>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-15</maturityDt>
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        <name>State of Illinois</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Oroville CA</name>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136WG29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-15</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Oaks Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2024-11-01</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>Los Angeles Community College District CA</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Tejon Ranch Public Facilities Finance Authority</name>
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        <name>City &amp; County of San Francisco CA Community Facilities District No. 2016-1</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Build NYC Resource Corp.</name>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>City of Los Angeles Department of Airports</name>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Flow Way Community Development District</name>
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          <maturityDt>2029-11-01</maturityDt>
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      <invstOrSec>
        <name>City of Celina TX</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
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          <isin value="US13016NHA54"/>
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          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13078YNX93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-02</maturityDt>
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          <annualizedRt>5.00000000</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="US66585VBZ76"/>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
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          <isin value="US64966TFH23"/>
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        <curCd>USD</curCd>
        <valUSD>101317.42000000</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>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Modesto Irrigation District</name>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.71999900</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL Wastewater Transmission Revenue</name>
        <lei>N/A</lei>
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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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461367L99"/>
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        <curCd>USD</curCd>
        <valUSD>232210.02000000</valUSD>
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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>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Education</name>
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        <curCd>USD</curCd>
        <valUSD>125439.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stoneybrook South at Championsgate Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US86203JAG76"/>
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        <curCd>USD</curCd>
        <valUSD>55802.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Landmark at Doral Community Development District</name>
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        <title>Landmark at Doral Community Development District</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Town of Bridgeville DE</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Public Finance Authority</name>
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          <isin value="US13057HAU14"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lakeshore Villages Master Community Development District</name>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>West Port Community Development District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-11-15</maturityDt>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <name>City of Roseville CA</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>North Powerline Road Community Development District</name>
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        <name>Coral Keys Homes Community Development District</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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      <invstOrSec>
        <name>West Port Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2026-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
        <lei>N/A</lei>
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          <isin value="US732203AZ77"/>
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        <valUSD>138003.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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          <isin value="US454898TX53"/>
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        <curCd>USD</curCd>
        <valUSD>192458.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116CB08"/>
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        <curCd>USD</curCd>
        <valUSD>26697.43000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Brookhaven Local Development Corp.</name>
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          <isin value="US113168BM93"/>
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        <curCd>USD</curCd>
        <valUSD>129814.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>1.62500000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461367D73"/>
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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>2038-06-15</maturityDt>
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          <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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          <isin value="US51265KCR77"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130874.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Gulfstream Polo Community Development District</name>
        <lei>N/A</lei>
        <title>Gulfstream Polo Community Development District</title>
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          <isin value="US40275MAG06"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54512.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Century Gardens at Tamiami Community Development District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>32937.08000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <maturityDt>2037-09-01</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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          <maturityDt>2038-03-15</maturityDt>
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        <name>Village Community Development District No. 13</name>
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          <maturityDt>2025-05-01</maturityDt>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>South Kendall Community Development District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2026-12-01</maturityDt>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Erie Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US295095BM47"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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      <invstOrSec>
        <name>Westmoreland County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US140542CC37"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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      <invstOrSec>
        <name>Detroit Downtown Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US49120AAV17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-01</maturityDt>
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        <name>Spartanburg Regional Health Services District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</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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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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          <maturityDt>2048-12-01</maturityDt>
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        <name>Evans Farm New Community Authority</name>
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        <name>Sacramento County Water Financing Authority</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Stillwater Community Development District</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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      <invstOrSec>
        <name>New York Counties Tobacco Trust IV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-06-01</maturityDt>
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        <name>Scenic Highway Community Development District</name>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <isin value="US79766DMD83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Medford Hospital Facilities Authority</name>
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          <maturityDt>2050-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>West Villages Improvement District</name>
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        <name>City of Princeton TX</name>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>State of Illinois</name>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>City of San Luis Obispo CA Community Facilities District No. 2019-1</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <title>Tobacco Settlement Financing Corp.</title>
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          <isin value="US888808HT28"/>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Chicago IL</name>
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        <name>Mississippi Business Finance Corp.</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Lakewood Ranch Stewardship District</name>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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      <invstOrSec>
        <name>Batesville Public Facilities Board</name>
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      <invstOrSec>
        <name>City of Rancho Cordova CA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Princeton TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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        <name>Talis Park Community Development District</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-11-15</maturityDt>
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        <name>Southeast Energy Authority A Cooperative District</name>
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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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        <name>New York Transportation Development Corp.</name>
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        <name>City of New Haven CT</name>
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        <name>Palm Glades Community Development District</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Dauphin County General Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Town of Flower Mound TX</name>
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        <name>Pine Ridge Plantation Community Development District</name>
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      <invstOrSec>
        <name>City of Miami FL Parking System Revenue</name>
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      <invstOrSec>
        <name>Summer Woods Community Development District</name>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461364D01"/>
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          <maturityDt>2032-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Chicago Board of Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>City of Poughkeepsie NY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-29</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City of Detroit MI</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Gulfstream Polo Community Development District</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>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Port of Seattle WA</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Royse City TX</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BMT88"/>
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        <curCd>USD</curCd>
        <valUSD>27224.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CG94"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Glendale Industrial Development Authority</name>
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          <isin value="US378287AZ94"/>
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          <maturityDt>2041-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WG678"/>
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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>2041-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49126KKG57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Villamar Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>American Samoa Economic Development Authority</name>
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        <invCountry>AS</invCountry>
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          <maturityDt>2024-09-01</maturityDt>
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        <name>City of Detroit MI</name>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>St Louis Land Clearance for Redevelopment Authority</name>
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        <name>Lower Colorado River Authority</name>
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        <name>City of Princeton TX</name>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>Benloch Ranch Improvement Association No. 1</name>
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      <invstOrSec>
        <name>Live Oak Lake Community Development District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Detroit MI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Industrial Development Agency</name>
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          <isin value="US64971PKJ39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <title>Florida Development Finance Corp.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>7.37500000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990G4X75"/>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
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          <isin value="US882667AM09"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-31</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="US646136EQ03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Midlothian TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.87500000</annualizedRt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Central Texas Regional Mobility Authority</name>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <maturityDt>2038-05-15</maturityDt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74443QAD43"/>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>4.30000000</annualizedRt>
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        <name>Alta Lakes Community Development District</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74442PRJ6</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Kingman Gate Community Development District</name>
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      <invstOrSec>
        <name>Preserve at South Branch Community Development District</name>
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      <invstOrSec>
        <name>AH at Turnpike South Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mirada II Community Development District</name>
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          <isin value="US60463WAD56"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CK07"/>
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        <curCd>USD</curCd>
        <valUSD>30778.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FPX68"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Plains Energy Project</name>
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          <isin value="US154872AT23"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999864</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136WU13"/>
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        <balance>40000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentwood Economic Development Corp.</name>
        <lei>N/A</lei>
        <title>Kentwood Economic Development Corp.</title>
        <cusip>491740FA9</cusip>
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          <isin value="US491740FA90"/>
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        <balance>25000.00000000</balance>
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        <valUSD>27650.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <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>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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        <name>Berks County Municipal Authority (The)</name>
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          <isin value="US08454AAC53"/>
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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>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Houston TX Airport System Revenue</name>
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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>2027-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northern Tobacco Securitization Corp.</name>
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        <title>Northern Tobacco Securitization Corp.</title>
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          <isin value="US66585VAW54"/>
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          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13048DDE58"/>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Yamhill County Hospital Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of New York</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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        <name>Highland Meadows West Community Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-05-01</maturityDt>
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      <invstOrSec>
        <name>County of Broward FL Port Facilities Revenue</name>
        <lei>N/A</lei>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Palomar Health</name>
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        <name>Santa Monica-Malibu Unified School District</name>
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        <name>Berks County Industrial Development Authority</name>
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          <maturityDt>2047-11-01</maturityDt>
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        <name>Florida Development Finance Corp.</name>
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        <name>Chicago Board of Education</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>George L Smith II Congress Center Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Aviary at Rutland Ranch Community Development District</name>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <invCountry>PR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California School Finance Authority</name>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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          <maturityDt>2037-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2032-12-15</maturityDt>
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        <name>Palomar Health</name>
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          <maturityDt>2047-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Cape Girardeau County Industrial Development Authority</name>
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      <invstOrSec>
        <name>City of Princeton TX</name>
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      <invstOrSec>
        <name>Essex County Improvement Authority</name>
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          <isin value="US296806PM80"/>
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      <invstOrSec>
        <name>Houston County Health Care Authority</name>
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      <invstOrSec>
        <name>Hoover Industrial Development Board</name>
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          <isin value="US439241AA80"/>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>Verandah East Community Development District</name>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AH342"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Erie Higher Education Building Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University Park Recreation District</name>
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          <isin value="US914793BA18"/>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>West Virginia Economic Development Authority</name>
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        <valUSD>104554.84000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.12499880</annualizedRt>
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        <name>Guam Government Waterworks Authority</name>
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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>Tamarindo Community Development District</name>
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          <isin value="US875056AC79"/>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Copperspring Community Development District</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650110AC39"/>
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        <name>Edinburg Economic Development Corp.</name>
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          <isin value="US28078PAH55"/>
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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>Tobacco Settlement Financing Corp. VA</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Cuyahoga Metropolitan Housing Authority</name>
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        <assetCat>DBT</assetCat>
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        <name>City of Chicago IL</name>
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          <maturityDt>2044-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CF12"/>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>Wiregrass II Community Development District</name>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>3.70000000</annualizedRt>
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        <name>Regional Transportation District</name>
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          <maturityDt>2027-07-15</maturityDt>
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        <name>Tahoe-Douglas Visitors Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>State of Illinois</name>
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        <name>Portico Community Development District</name>
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        <name>Maryland Health &amp; Higher Educational Facilities 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>2040-07-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Herons Glen Recreation District</name>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Tulsa Airports Improvement Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-06-01</maturityDt>
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      <invstOrSec>
        <name>Avalon Groves Community Development District</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Detroit MI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
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          <annualizedRt>3.99999850</annualizedRt>
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        <name>City of Fate TX</name>
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        <valUSD>104244.47000000</valUSD>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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        <name>Dutchess County Local Development Corp.</name>
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          <isin value="US267045NH16"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Nassau County Tobacco Settlement Corp.</name>
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          <maturityDt>2060-06-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <name>City of Detroit MI</name>
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        <name>Cypress Bluff Community Development District</name>
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        <name>Trevesta Community Development District</name>
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          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avalon Groves Community Development District</name>
        <lei>N/A</lei>
        <title>Avalon Groves Community Development District</title>
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          <isin value="US05344CAN74"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Arizona Health Facilities Authority, Series 2007 B</title>
        <cusip>040507HN8</cusip>
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          <isin value="US040507HN83"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494623.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.94499960</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Business Finance Corp.</name>
        <lei>549300DYV074JUDKBQ77</lei>
        <title>Mississippi Business Finance Corp.</title>
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          <isin value="US605279MK10"/>
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        <curCd>USD</curCd>
        <valUSD>201091.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Oneida County Local Development Corp.</title>
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          <isin value="US682440CL48"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128155.10000000</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>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
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          <isin value="US74514LE869"/>
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        <curCd>USD</curCd>
        <valUSD>1386062.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Trimble KY</name>
        <lei>N/A</lei>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252121.63000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.29999960</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triple Creek Community Development District</name>
        <lei>N/A</lei>
        <title>Triple Creek Community Development District</title>
        <cusip>89677RBB0</cusip>
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          <isin value="US89677RBB06"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52705.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US74529JRL16"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1167346.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.78400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>E-470 Public Highway Authority</name>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15407.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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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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          <isin value="US646136ET42"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202377.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress Bluff Community Development District</name>
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        <title>Cypress Bluff Community Development District</title>
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          <isin value="US232677AK07"/>
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        <balance>310000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Grande Pines Community Development District</name>
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        <title>Grande Pines Community Development District</title>
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          <isin value="US38656NAC02"/>
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        <balance>710000.00000000</balance>
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        <valUSD>731792.67000000</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of San Francisco CA Special Tax District No. 2020-1</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
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          <isin value="US650110AA72"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>City of Atlantic City NJ</name>
        <lei>N/A</lei>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lancaster County Hospital Authority PA</name>
        <lei>N/A</lei>
        <title>Lancaster County Hospital Authority</title>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45204FHT57"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29871.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
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          <isin value="US650116ET97"/>
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        <balance>95000.00000000</balance>
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        <name>Star International Academy</name>
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      <invstOrSec>
        <name>Towne Park Community Development District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VCC00"/>
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          <maturityDt>2035-12-31</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2029-09-15</maturityDt>
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        <name>Evergreen Community Development District</name>
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        <name>Public Finance Authority</name>
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          <isin value="US74444KBT07"/>
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        <name>Chicago Board of Education</name>
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        <name>City of Sachse TX</name>
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        <name>Zephyr Lakes Community Development District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>District of Columbia Tobacco Settlement Financing Corp.</name>
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        <name>Six Mile Creek Community Development District</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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          <isin value="US34061UEY01"/>
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        <curCd>USD</curCd>
        <valUSD>124605.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
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        <cusip>665245ZN9</cusip>
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          <isin value="US665245ZN90"/>
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        <curCd>USD</curCd>
        <valUSD>29257.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Summerstone Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US865711AA38"/>
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        <curCd>USD</curCd>
        <valUSD>132326.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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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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        <cusip>74529JQC2</cusip>
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          <isin value="US74529JQC26"/>
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        <balance>27000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24717.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QH88</cusip>
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          <isin value="US74526QH881"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138837.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Jersey Port Corp.</name>
        <lei>N/A</lei>
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        <cusip>838530RF2</cusip>
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          <isin value="US838530RF22"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23901.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>K-Bar Ranch II Community Development District</name>
        <lei>N/A</lei>
        <title>K-Bar Ranch II Community Development District</title>
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          <isin value="US48242QAK58"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100165.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>6461364E8</cusip>
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          <isin value="US6461364E83"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>269556.94000000</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>2033-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167505RD03"/>
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        <curCd>USD</curCd>
        <valUSD>125474.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Parkview at Long Lake Ranch Community Development District</name>
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        <title>Parkview at Long Lake Ranch Community Development District</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>California School Finance Authority</name>
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          <isin value="US13058TKU33"/>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Southern Ohio Port Authority</name>
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        <name>Academical Village Community Development District</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>Public Finance Authority</name>
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          <isin value="US74442PRH00"/>
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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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          <maturityDt>2033-07-01</maturityDt>
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        <name>Berry Bay 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>3.12500000</annualizedRt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>City of Sacramento CA</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
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          <isin value="US605156AC20"/>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116EQ58"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Infrastructure Financing Authority</name>
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          <isin value="US745220ET64"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103002.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637AUE09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palomar Health</name>
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          <isin value="US69753RCV42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
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          <isin value="US592250DN11"/>
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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>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.32900000</annualizedRt>
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        <name>Parish of St John the Baptist LA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>County of Franklin OH</name>
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          <maturityDt>2040-11-15</maturityDt>
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        <name>Grand Oaks Community Development District</name>
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        <name>Public Finance Authority</name>
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          <isin value="US74444KBW36"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego Unified School District CA</name>
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        <name>County of Frederick MD</name>
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        <name>California Municipal Finance Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Metropolitan Pier &amp; Exposition Authority</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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          <isin value="US12008ERR98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Lincoln SD</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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          <isin value="US167505XQ42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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          <isin value="US74529JPX71"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US38122NZU98"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BLH59"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-15</maturityDt>
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        <name>Spartanburg Regional Health Services District</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>District of Columbia</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>City of Fontana CA</name>
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        <name>Veranda Community Development District II</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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      <invstOrSec>
        <name>Mida Mountain Village Public Infrastructure District</name>
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        <name>Needles Unified School District</name>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>State of West Virginia</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650110AD12"/>
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        <curCd>USD</curCd>
        <valUSD>87882.18000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-31</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges &amp; Universities Authority</title>
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          <isin value="US74265LV623"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hillcrest Community Development District</name>
        <lei>N/A</lei>
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        <cusip>43148EAD4</cusip>
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          <isin value="US43148EAD40"/>
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        <balance>95000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Citadel on Colfax Business Improvement District</name>
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        <title>Citadel on Colfax Business Improvement District</title>
        <cusip>17288AAA2</cusip>
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          <isin value="US17288AAA25"/>
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        <balance>125000.00000000</balance>
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        <valUSD>136371.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mclendon-Chisholm TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-15</maturityDt>
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      <invstOrSec>
        <name>Copper Oaks Community Development District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Landings at Miami Community Development District</name>
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          <maturityDt>2048-11-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <cusip>13048VBX5</cusip>
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          <isin value="US13048VBX55"/>
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        <balance>200000.00000000</balance>
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          <maturityDt>2038-12-31</maturityDt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>St Johns County Industrial Development Authority</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Mirada II Community Development District</name>
        <lei>N/A</lei>
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          <maturityDt>2041-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Roseville CA</name>
        <lei>549300OH100KESVPND17</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Willow Walk Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Village Community Development District No. 13</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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      <invstOrSec>
        <name>Eden Hills Community Development District</name>
        <lei>N/A</lei>
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        <cusip>279449AC6</cusip>
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          <isin value="US279449AC62"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106914.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
        <lei>549300DIY68KQZEW7M79</lei>
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          <isin value="US71780CAY66"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169052.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59259Y6R55"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203147.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tohoqua Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US88907RAG48"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141431.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
        <cusip>13016NHB3</cusip>
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          <isin value="US13016NHB38"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62956.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152P54</cusip>
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          <isin value="US452152P544"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101587.77000000</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>2021-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
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        <name>San Gorgonio Memorial Health Care District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Warren MS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Bond Development Corp.</name>
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          <maturityDt>2049-03-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AA495"/>
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        <name>Public Finance Authority</name>
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        <name>CFM Community Development District</name>
        <lei>N/A</lei>
        <title>CFM Community Development District</title>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>N/A</name>
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        <name>Star International Academy</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Northern Tobacco Securitization Corp.</title>
        <cusip>66585VCB9</cusip>
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          <isin value="US66585VCB99"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</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</name>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50313.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.81700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
        <lei>N/A</lei>
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        <cusip>592643DG2</cusip>
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          <isin value="US592643DG24"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132136.06000000</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>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116DA16"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78084.34000000</valUSD>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <curCd>USD</curCd>
        <valUSD>29998.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Joplin Industrial Development Authority</title>
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          <isin value="US48068CAB72"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25408.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Homestead 50 Community Development District</name>
        <lei>N/A</lei>
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        <cusip>437694AJ1</cusip>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Storey Park Community Development District</name>
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          <maturityDt>2031-06-15</maturityDt>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>North AR-1 Pasco Community Development District</name>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-15</maturityDt>
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        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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        <title>Las Vegas Convention &amp; Visitors Authority</title>
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      <invstOrSec>
        <name>Sterling Ranch Community Authority Board</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>Bellagio 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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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port of Seattle WA</name>
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        <name>Virginia College Building Authority</name>
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        <name>George L Smith II Congress Center Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Cypress Park Estates Community Development District</name>
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      <invstOrSec>
        <name>East 547 Community Development District</name>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
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        <name>Indiana Finance Authority</name>
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        <name>Sampson Creek Community Development District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Triple Creek Community Development District</name>
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        <name>Village Community Development District No. 13</name>
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        <name>Belmont II Community Development District</name>
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        <name>California County Tobacco Securitization Agency</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>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>West Villages Improvement District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Benloch Ranch Improvement Association No. 1</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TVD2</cusip>
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          <isin value="US59447TVD26"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>254453.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</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>County of Jefferson AL Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of Jefferson AL Sewer Revenue</title>
        <cusip>472682RM7</cusip>
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          <isin value="US472682RM76"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35200.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority, Series 2012 A</title>
        <cusip>745160RC7</cusip>
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          <isin value="US745160RC78"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89748.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Glendale Industrial Development Authority</title>
        <cusip>378287AV8</cusip>
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          <isin value="US378287AV80"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163644.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Viridian Municipal Management District</name>
        <lei>N/A</lei>
        <title>Viridian Municipal Management District</title>
        <cusip>92823UAP0</cusip>
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          <isin value="US92823UAP03"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51178.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>645913AA2</cusip>
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          <isin value="US645913AA22"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64842.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.42500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>Central Texas Regional Mobility Authority</title>
        <cusip>155498KE7</cusip>
        <identifiers>
          <isin value="US155498KE78"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>913521.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Joplin Industrial Development Authority</title>
        <cusip>48068CAA9</cusip>
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          <isin value="US48068CAA99"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25338.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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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</title>
        <cusip>452152Y70</cusip>
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          <isin value="US452152Y702"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>597184.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp., Class 1</title>
        <cusip>649519DA0</cusip>
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          <isin value="US649519DA03"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387539.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>La Paz County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>La Paz County Industrial Development Authority</title>
        <cusip>50376FBR7</cusip>
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          <isin value="US50376FBR73"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55977.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>Austin Convention Enterprises, Inc.</title>
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          <isin value="US052409DX48"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36399.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Detroit MI</name>
        <lei>549300BQRJP7MKKHOY28</lei>
        <title>City of Detroit</title>
        <cusip>2510934V9</cusip>
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          <isin value="US2510934V99"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24969.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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          <isin value="US745160RB95"/>
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        <curCd>USD</curCd>
        <valUSD>137069.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261AH91</cusip>
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          <isin value="US59261AH912"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214604.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US646136J778"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129421.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</title>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139242.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Farms New Kent Community Development Authority</name>
        <lei>N/A</lei>
        <title>Farms New Kent Community Development Authority</title>
        <cusip>311551AD7</cusip>
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          <isin value="US311551AD74"/>
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        <curCd>USD</curCd>
        <valUSD>106218.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Salt Verde Financial Corp.</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>Salt Verde Financial Corp.</title>
        <cusip>79575EAS7</cusip>
        <identifiers>
          <isin value="US79575EAS72"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599193.39000000</valUSD>
        <pctVal>0.429646493889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority</title>
        <cusip>118217DA3</cusip>
        <identifiers>
          <isin value="US118217DA38"/>
        </identifiers>
        <balance>1800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294663.06000000</valUSD>
        <pctVal>0.211285626177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TME7</cusip>
        <identifiers>
          <isin value="US13058TME72"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289409.28000000</valUSD>
        <pctVal>0.207518448177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-07-30</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>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
