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        <name>Ohio Water Development Authority</name>
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        <name>University of Cincinnati</name>
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        <name>Cincinnati City School District</name>
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        <name>Columbus Metropolitan Housing Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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      <invstOrSec>
        <name>City of Akron OH Income Tax Revenue</name>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Ohio</name>
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        <name>Ohio State University/The</name>
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          <maturityDt>2046-12-01</maturityDt>
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        <name>County of Mahoning OH Sewer System Revenue</name>
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        <name>North Ridgeville City School District</name>
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        <name>County of Union OH</name>
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        <name>Cleveland Department of Public Utilities Division of Public Power</name>
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        <name>Shaker Heights City School District</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Fairless Local School District</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2045-12-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Cuyahoga OH</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Milford Exempted Village School District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Kent State University</name>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>North Ridgeville City School District</name>
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        <name>City of Cleveland OH Income Tax Revenue</name>
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        <name>Confluence Community Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>Kings Local School District</name>
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        <name>City of Akron OH Income Tax Revenue</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Lancaster Port Authority</name>
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        <name>Ohio State University/The</name>
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        <name>County of Hamilton OH</name>
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        <name>Polaris Career Center</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Wright State University</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>University of Cincinnati</name>
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        <name>Great Oaks Career Campuses Board of Education</name>
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        <name>Rossford Exempted Village School District</name>
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        <name>Butler County Port Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Pickerington Local School District</name>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Ross OH</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cleveland Heights &amp; University Heights City School District</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>County of Franklin OH</name>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Akron Bath Copley Joint Township Hospital District</name>
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        <name>Confluence Community Authority</name>
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        <name>Apollo Joint Vocational School District</name>
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        <name>Ohio Water Development Authority</name>
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        <name>County of Ross OH</name>
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        <name>Columbus City School District</name>
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        <name>County of Warren OH</name>
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        <name>American Municipal Power Inc</name>
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      <invstOrSec>
        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Green Local School District/Summit County</name>
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      <invstOrSec>
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        <name>Lakewood City School District</name>
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        <name>Ohio State University/The</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>Cincinnati City School District</name>
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          <maturityDt>2031-06-15</maturityDt>
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        <name>City of Centerville OH</name>
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        <invCountry>US</invCountry>

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          <maturityDt>2050-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Hamilton OH Sales Tax Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Cleveland State University</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Athens City School District</name>
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        <name>Milford Exempted Village School District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Butler County Port Authority</name>
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      <invstOrSec>
        <name>Fairborn City School District</name>
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        <name>Columbus Metropolitan Housing Authority</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Milford Exempted Village School District</name>
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        <name>County of Hamilton OH Sewer System Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Bowling Green State University</name>
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        <name>Bowling Green State University</name>
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        <name>Ohio University</name>
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          <maturityDt>2054-12-01</maturityDt>
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        <name>Tolles Career &amp; Technical Center</name>
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        <name>Yellow Springs Exempt Village School District</name>
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        <name>American Municipal Power Inc</name>
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      <invstOrSec>
        <name>Cuyahoga Falls City School District</name>
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      <invstOrSec>
        <name>City of Columbus OH</name>
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        <name>State of Ohio</name>
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        <name>County of Montgomery OH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Winton Woods City School District</name>
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        <name>Toledo-Lucas County Port Authority</name>
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        <name>City of Akron OH Income Tax Revenue</name>
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        <name>County of Cuyahoga OH</name>
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        <name>State of Ohio</name>
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        <name>Southeast Local School District/Wayne County</name>
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        <name>Athens City School District</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>State of Ohio</name>
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        <name>Perry Local School District/Lake County</name>
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        <name>County of Montgomery OH</name>
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        <name>Cleveland Heights &amp; University Heights City School District</name>
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        <name>Territory of Guam</name>
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        <name>Tuscarawas Valley Local School District</name>
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        <name>Bowling Green State University</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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      <invstOrSec>
        <name>Township of Delhi OH</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power Inc</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>City of Cleveland OH Income Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US186387XG62"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
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          <isin value="US67766WYZ93"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Mahoning OH Sewer System Revenue</name>
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          <isin value="US560072CR94"/>
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        <curCd>USD</curCd>
        <valUSD>49645.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Sharonville OH</name>
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          <isin value="US819878BQ19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cuyahoga Falls City School District</name>
        <lei>N/A</lei>
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          <isin value="US232309JF27"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Lorain OH</name>
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          <isin value="US543553XJ51"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Youngstown State University</name>
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          <isin value="US987720FD64"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami University/Oxford OH</name>
        <lei>N/A</lei>
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          <isin value="US593791KL91"/>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>Butler County Port Authority</name>
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        <name>City of Hamilton OH Wastewater System Revenue</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Clark Shawnee Local School District</name>
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        <name>Bowling Green State University</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>American Municipal Power Inc</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <name>City of Dublin OH</name>
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        <name>City of Cleveland OH Income Tax Revenue</name>
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        <name>City of Elyria OH</name>
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        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <name>Ohio State University/The</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>City of Dayton OH Water System Revenue</name>
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        <name>Lakewood City School District</name>
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        <name>Toledo-Lucas County Port Authority</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>Westfall Local School District</name>
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        <name>South-Western City School District</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kent State University</name>
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        <invCountry>US</invCountry>

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        <name>County of Hamilton OH</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hudson City School District/OH</name>
        <lei>N/A</lei>
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        <cusip>444089BW5</cusip>
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          <isin value="US444089BW54"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424804.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>OH ST HGR EDU FAC-REF</title>
        <cusip>67756DNA0</cusip>
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          <isin value="US67756DNA09"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Franklin County Convention Facilities Authority Hotel Project Revenue</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Deutsche Bank Spears/Lifers Trust</name>
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          <maturityDt>2053-04-20</maturityDt>
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        <name>American Municipal Power Inc</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2038-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wright State University</name>
        <lei>N/A</lei>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Village of Bluffton OH</name>
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        <name>Northridge Local School District/Licking Knox &amp; Del Counties</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Logan Elm Local School District</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Northeast Ohio Medical University</name>
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        <name>University of Cincinnati</name>
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        <name>Milford Exempted Village School District</name>
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          <maturityDt>2034-12-01</maturityDt>
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        <name>Wright State University</name>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Yellow Springs Exempt Village School District</name>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Westfall Local School District</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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      <invstOrSec>
        <name>Butler County Port Authority</name>
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      <invstOrSec>
        <name>Lakewood City School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
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          <isin value="US67765QLL85"/>
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        <curCd>USD</curCd>
        <valUSD>411372.96000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority Hotel Project Revenue</name>
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          <isin value="US35317DAP06"/>
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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>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Kent State University</name>
        <lei>549300HL3HX54032AG28</lei>
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          <isin value="US490728E994"/>
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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>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Montgomery OH</name>
        <lei>N/A</lei>
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          <isin value="US613520PB50"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mariemont City School District</name>
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          <isin value="US567609DY59"/>
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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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Butler OH</name>
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          <isin value="US123550GL37"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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        <name>State of Ohio</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Big Walnut Local School District</name>
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        <name>City of Akron OH Income Tax Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power Inc</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <curCd>USD</curCd>
        <valUSD>1700941.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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          <isin value="US67756DLX20"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Euclid City School District</name>
        <lei>N/A</lei>
        <title>EUCLID SD-A-IMPT</title>
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          <isin value="US298047KL40"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>Summit County Development Finance Authority</name>
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          <isin value="US86607JAD63"/>
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        <curCd>USD</curCd>
        <valUSD>2963836.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>OHIO ST WTR DEV AUTH</title>
        <cusip>67765QKM7</cusip>
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          <isin value="US67765QKM77"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502890.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>677523CV2</cusip>
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          <isin value="US677523CV20"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>391073.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Cleveland OH Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>CLEVELAND INCOME TAX</title>
        <cusip>186387RC2</cusip>
        <identifiers>
          <isin value="US186387RC23"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411320.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
        <lei>N/A</lei>
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        <cusip>745160TG6</cusip>
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          <isin value="US745160TG64"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261895.93000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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        <cusip>67756DYN0</cusip>
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          <isin value="US67756DYN01"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>683944.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami University/Oxford OH</name>
        <lei>N/A</lei>
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        <cusip>593791JJ6</cusip>
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          <isin value="US593791JJ64"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rossford Exempted Village School District</name>
        <lei>N/A</lei>
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          <isin value="US778430BL13"/>
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        <balance>670000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Cleveland Department of Public Utilities Division of Public Power</name>
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          <maturityDt>2034-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Butler County Port Authority</name>
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          <maturityDt>2041-05-15</maturityDt>
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        <name>Northridge Local School District/Licking Knox &amp; Del Counties</name>
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      <invstOrSec>
        <name>City of Dayton OH Water System Revenue</name>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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          <isin value="US67756BE718"/>
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        <balance>1500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>University of Toledo</name>
        <lei>549300530V11GF5PZA78</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>Freddie Mac Pool</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Confluence Community Authority</name>
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        <name>County of Mahoning OH Sewer System Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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      <invstOrSec>
        <name>Tuscarawas Valley Local School District</name>
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      <invstOrSec>
        <name>Greene County Vocational School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>County of Hamilton OH</name>
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        <name>State of Ohio</name>
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        <name>Cuyahoga Community College District</name>
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        <name>Allen County Port Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Wickliffe City School District</name>
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        <name>Southeast Local School District/Wayne County</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Lancaster Port Authority</name>
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        <name>Cincinnati City School District</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Franklin County Convention Facilities Authority</name>
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        <name>South-Western City School District</name>
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      <ncom:dateSigned>2025-01-27</ncom:dateSigned>
      <ncom:nameOfApplicant>VANGUARD OHIO TAX-FREE FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Ashley Grim</ncom:signature>
      <ncom:signerName>Ashley Grim</ncom:signerName>
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    </signature>
  </formData>
</edgarSubmission>
