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        <name>AUBURN UNIV AL GEN FEE REVENUE</name>
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        <name>SAINT LOUIS CNTY MO INDL DEV A</name>
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        <name>CHICAGO IL TRANSIT AUTH SALES</name>
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        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
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        <name>RENO NV SALES TAX REVENUE</name>
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        <name>JEA FL WTR &amp; SWR REVENUE</name>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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        <name>PHILADELPHIA PA AUTH FOR INDLD</name>
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        <name>GRANT CNTY WA PUBLIC UTILITY D</name>
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        <name>UNIV HOSPS &amp; CLINICS AUTH WI</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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          <maturityDt>2051-11-01</maturityDt>
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        <name>NEW ORLEANS LA AVIATION BRD</name>
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          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST URBAN DEV CORP REV</name>
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          <isin value="US650036CD60"/>
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        <curCd>USD</curCd>
        <valUSD>4399574.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UNIV OF KENTUCKY LEASE PURCHAS</name>
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        <title>University of Kentucky</title>
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          <isin value="US914383BN35"/>
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        <curCd>USD</curCd>
        <valUSD>5134203.50000000</valUSD>
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          <maturityDt>2050-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
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          <isin value="US018444AY55"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>LOVE FIELD TX ARPT MODERNIZATI</name>
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        <title>Love Field Airport Modernization Corp</title>
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          <isin value="US54714FAG54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20775DQG0</cusip>
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          <isin value="US20775DQG06"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
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        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
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        <name>CALIFORNIA ST</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DIST OF COLUMBIA REVENUE</name>
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        <curCd>USD</curCd>
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          <maturityDt>2046-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <name>FRANKLIN CNTY PA INDL DEV AUTH</name>
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        <name>WASHINGTON ST CONVENTION CENTE</name>
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        <name>CLARK CNTY NV SCH DIST</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>UNIV OF NORTH DAKOTA COPS</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <title>Illinois Finance Authority</title>
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        <name>WILKES-BARRE PA FIN AUTH REVEN</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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          <isin value="US59447T3T81"/>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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          <isin value="US546399SY35"/>
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        <name>N TX TOLLWAY AUTH REVENUE</name>
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        <name>KAREGNONDI WTR AUTH MI</name>
        <lei>N/A</lei>
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        <name>OHIO ST HOSP REVENUE</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>LANCASTER CNTY PA HOSP AUTH</name>
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          <maturityDt>2042-08-15</maturityDt>
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        <name>PALM BEACH CNTY FL HLTH FACS A</name>
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          <maturityDt>2039-08-15</maturityDt>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LANSING MICH BRD WTR &amp; LT UTIL</name>
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        <title>Lansing Board of Water &amp; Light</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>ENERGY N W WA ELEC REVENUE</name>
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          <isin value="US29270C4J16"/>
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        <name>MISSION TX ECON DEV CORP REVEN</name>
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        <name>PHILADELPHIA PA</name>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <name>INDIANA ST MUNI PWR AGY</name>
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      <invstOrSec>
        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
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          <isin value="US018444BB44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp</title>
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          <isin value="US888808HM74"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5062373.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>Kentucky Public Energy Authority</title>
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          <isin value="US74440DFC39"/>
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        <valUSD>1772518.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST PORT AUTH</name>
        <lei>254900JRR8IDSSKWCL90</lei>
        <title>Massachusetts Port Authority</title>
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          <isin value="US575896RS64"/>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-01</maturityDt>
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        <name>WEST ALLIS WEST MILWAUKEE WI S</name>
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        <title>West Allis West Milwaukee School District</title>
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          <isin value="US951164KC59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>WINCHESTER VA ECON DEV AUTH HO</name>
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        <title>Winchester Economic Development Authority</title>
        <cusip>973121BR6</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>WASHINGTON DC MET AREA TRANSIT</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SAN JOSE CA EVERGREEN CMNTY CL</name>
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        <name>MICHIGAN ST BLDG AUTH REVENUE</name>
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        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>NEW YORK ST URBAN DEV CORP REV</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>ILLINOIS ST TOLL HIGHWAY AUTH</name>
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        <title>Illinois State Toll Highway Authority</title>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-15</maturityDt>
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        <name>TULSA OK MUNI ARPT TRUST TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA ST DEPT TRANSPRTN SUNS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>WASHINGTON DC MET AREA TRANSIT</name>
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        <name>OKLAHOMA ST WTR RES BRD ST LOA</name>
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        <title>Oklahoma Water Resources Board</title>
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        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
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        <name>HILLSBOROUGH CNTY FLA INDL DEV</name>
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        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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          <isin value="US709221VY87"/>
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          <maturityDt>2046-12-01</maturityDt>
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        <name>LOWER COLORADO RIVER TX AUTH T</name>
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        <name>CHICAGO IL WTRWKS REVENUE</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <title>Illinois Finance Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
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        <name>PONTIAC CITY MI CITY SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>TOBACCO SETTLEMENT AUTH IA TOB</name>
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        <title>Iowa Tobacco Settlement Authority</title>
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          <isin value="US888805CH95"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
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        <name>TENNESSEE HSG DEV AGY RSDL FIN</name>
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        <name>CMWLTH FING AUTH PA TOBACCO MA</name>
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        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74442PL299"/>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>RENO NV SALES TAX REVENUE</name>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>REGL CO TRANSPRTN DIST PRIV AC</name>
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          <isin value="US759151BQ56"/>
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        <curCd>USD</curCd>
        <valUSD>1985841.80000000</valUSD>
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          <maturityDt>2034-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CUMBERLAND CNTY PA MUNI AUTH</name>
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          <isin value="US230614TH27"/>
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        <curCd>USD</curCd>
        <valUSD>336372.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20774YQ67</cusip>
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          <isin value="US20774YQ671"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CANONSBURG-HOUSTON PA JT AUTH</name>
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          <isin value="US138015FY30"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
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          <isin value="US650028WW97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST TRANSPRTN COMMISSION</name>
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          <isin value="US88283KCH95"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST</name>
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        <title>State of California</title>
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          <isin value="US13063DS900"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1583387.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MUNI ELEC AUTH OF GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <valUSD>2996041.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PORT OF SEATTLE WA REVENUE</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isin value="US20775DMR07"/>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>GEISINGER PA AUTH HLTH SYS REV</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>TENNERGY CORP TN GAS REVENUE</name>
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          <isin value="US880397BW31"/>
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        <debtSec>
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        <name>JEA FL ELEC SYS REVENUE</name>
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          <isin value="US46613SQL78"/>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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        <name>WASHINGTON ST HLTH CARE FACS A</name>
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        <name>E HEMPFIELD TWP PA INDL DEV AU</name>
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        <name>HOUSTON TX ARPT SYS REVENUE</name>
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        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <name>MASSACHUSETTS ST EDUCTNL FING</name>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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        <name>VAIL HOME PARTNERS CORP CO HSG</name>
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        <name>GTR NEW HAVEN CT WTR POLL CONT</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <name>SPARTA WI AREA SCH DIST</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GARLAND TX ELEC UTILITY SYS RE</name>
        <lei>N/A</lei>
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          <isin value="US366133NA08"/>
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        <valUSD>5527775.55000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CONNECTICUT ST HSG FIN AUTH HS</name>
        <lei>5493003DXX0NRJKSH186</lei>
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        <cusip>20775CPZ1</cusip>
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          <isin value="US20775CPZ13"/>
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        <curCd>USD</curCd>
        <valUSD>1443757.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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        <name>MUNI ELEC AUTH OF GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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          <isin value="US62620HGQ92"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5071159.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST TRANSPRTN FUN</name>
        <lei>N/A</lei>
        <title>Commonwealth of Massachusetts Transportation Fund Revenue</title>
        <cusip>57604TKC9</cusip>
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          <isin value="US57604TKC98"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1015525.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEVADA ST HIGHWAY IMPT REVENUE</name>
        <lei>N/A</lei>
        <title>State of Nevada Highway Improvement Revenue</title>
        <cusip>641480PX0</cusip>
        <identifiers>
          <isin value="US641480PX04"/>
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        <balance>3625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2848214.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917SV67</cusip>
        <identifiers>
          <isin value="US70917SV677"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>988972.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20775DHF2</cusip>
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          <isin value="US20775DHF24"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822616.47000000</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>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PHILADELPHIA PA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Airport Revenue</title>
        <cusip>717817UM0</cusip>
        <identifiers>
          <isin value="US717817UM02"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1427762.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TACOMA WA ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Tacoma WA Electric System Revenue</title>
        <cusip>873519QN5</cusip>
        <identifiers>
          <isin value="US873519QN58"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1264972.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW ORLEANS LA AVIATION BRD GU</name>
        <lei>N/A</lei>
        <title>New Orleans Aviation Board</title>
        <cusip>64763XAX8</cusip>
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          <isin value="US64763XAX84"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1779887.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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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>NATIONAL FIN AUTH LEASE REVENU</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63610FBM7</cusip>
        <identifiers>
          <isin value="US63610FBM77"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1439502.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW ORLEANS LA AVIATION BRD SP</name>
        <lei>N/A</lei>
        <title>New Orleans Aviation Board</title>
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          <isin value="US64763KAJ79"/>
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        <balance>2375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2388878.31000000</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>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST THRUWAY AUTH GEN R</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650010CM1</cusip>
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          <isin value="US650010CM10"/>
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        <balance>7665000.00000000</balance>
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        <valUSD>6869238.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>KITSAP CNTY WA SCH DIST #100-C</name>
        <lei>N/A</lei>
        <title>Kitsap County School District No 100-C Bremerton</title>
        <cusip>498044JA5</cusip>
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          <isin value="US498044JA52"/>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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      <invstOrSec>
        <name>GEISINGER PA AUTH HLTH SYS REV</name>
        <lei>N/A</lei>
        <title>Geisinger Authority</title>
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          <isin value="US368497HK26"/>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>PUBLIC FIN AUTH WI HOSP REVENU</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442CBY9</cusip>
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          <isin value="US74442CBY93"/>
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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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        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-15</maturityDt>
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        <name>INDIANA ST FIN AUTH REVENUE</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>MARYLAND ST ECON DEV CORP PRIV</name>
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        <name>BALL IN ST UNIV UNIV REVENUE</name>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>THE CHILDRENS TRUST FUND PR TO</name>
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          <maturityDt>2050-05-15</maturityDt>
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        <name>MINNEAPOLIS-SAINT PAUL MN MET</name>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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        <name>FAIRFAX CNTY VA SWR REVENUE</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>UTAH ST CHRT SCH FIN AUTH CHRT</name>
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        <name>ALLENTOWN PA CITY SCH DIST</name>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <name>WASHINGTON ST</name>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
        <lei>N/A</lei>
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        <cusip>70869PNH6</cusip>
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          <isin value="US70869PNH63"/>
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        <curCd>USD</curCd>
        <valUSD>1726715.90000000</valUSD>
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      <invstOrSec>
        <name>NORTH DAKOTA ST HSG FIN AGY</name>
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          <isin value="US6589098F67"/>
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      <invstOrSec>
        <name>JEFFERSON CA UNION HIGH SCH DI</name>
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        <title>Jefferson Union High School District</title>
        <cusip>472467AV1</cusip>
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          <isin value="US472467AV18"/>
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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>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Wastewater Transmission Revenue</title>
        <cusip>167727J72</cusip>
        <identifiers>
          <isin value="US167727J724"/>
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        <curCd>USD</curCd>
        <valUSD>2058973.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643CS7</cusip>
        <identifiers>
          <isin value="US592643CS70"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2062624.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FLM40"/>
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        <curCd>USD</curCd>
        <valUSD>7327845.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA GAS WKS REVENU</name>
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        <title>Philadelphia Gas Works Co</title>
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          <isin value="US71783MBY03"/>
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        <curCd>USD</curCd>
        <valUSD>2250460.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMAHA NE PUBLIC PWR DIST ELEC</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District</title>
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        <identifiers>
          <isin value="US682001HQ80"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4118723.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH A</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Aviation Revenue</title>
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          <isin value="US592647FM87"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4033127.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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        <name>ARIZONA BRD OF RGTS UNIV ARIZO</name>
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        <title>Arizona Board of Regents</title>
        <cusip>040484WW3</cusip>
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          <isin value="US040484WW31"/>
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        <curCd>USD</curCd>
        <valUSD>3128169.90000000</valUSD>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SOUTHCENTRL PA GEN AUTH REVENU</name>
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        <title>General Authority of Southcentral Pennsylvania</title>
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          <isin value="US84129NMC01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
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          <isin value="US1676152V45"/>
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        <valUSD>4028980.40000000</valUSD>
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        <name>HAWAII ST ARPTS SYS REVENUE</name>
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        <title>State of Hawaii Airports System Revenue</title>
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          <isin value="US419794A448"/>
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        <name>MONTGOMERY CNTY PA HGR EDU &amp; H</name>
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        <title>Montgomery County Higher Education and Health Authority</title>
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          <isin value="US613603A585"/>
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      <invstOrSec>
        <name>UTAH ST CHRT SCH FIN AUTH CHRT</name>
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          <isin value="US91754TWL33"/>
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        <name>PUBLIC FIN AUTH WI LEASE DEV R</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444YAT10"/>
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        <invCountry>US</invCountry>
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        <name>DELAWARE CNTY PA AUTH</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
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        <name>LA PAZ CNTY AZ INDL DEV AUTH E</name>
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        <name>GREAT LAKES MI WTR AUTH SEWAGE</name>
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        <name>W HARRIS CNTY TX REGL WTR AUTH</name>
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        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
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          <isin value="US04052FCM59"/>
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          <maturityDt>2037-11-01</maturityDt>
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        <name>ALLEGHENY CNTY PA HOSP DEV AUT</name>
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        <title>Allegheny County Hospital Development Authority</title>
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        <name>NEW MEXICO ST MTGE FIN AUTH</name>
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          <isin value="US647201R616"/>
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          <maturityDt>2049-09-01</maturityDt>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <title>Massachusetts Port Authority</title>
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        <name>CLAIRTON PA MUNI AUTH SWR REVE</name>
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        <name>LUZERNE CNTY PA INDL DEV AUTH</name>
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        <title>Luzerne County Industrial Development Authority</title>
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          <isin value="US550728AF65"/>
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        <name>PHILADELPHIA PA WTR &amp; WSTWTR R</name>
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        <name>NATIONAL FIN AUTH LEASE REVENU</name>
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          <isin value="US63610FBF27"/>
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        <balance>790000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ESCAMBIA CNTY FL SALES TAX REV</name>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH A</name>
        <lei>N/A</lei>
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          <isin value="US592647DD07"/>
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        <name>DALLAS TX AREA RAPID TRANSIT S</name>
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          <isin value="US235241WS11"/>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>STATE PUBLIC SCH BLDG AUTH PAS</name>
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          <isin value="US85732TKV34"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SHEBOYGAN WI AREA SCH DIST</name>
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          <maturityDt>2042-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST TRANSPRTN FUN</name>
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          <isin value="US57604THJ88"/>
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          <maturityDt>2049-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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          <isin value="US837151XC84"/>
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          <maturityDt>2042-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US708692BQ00"/>
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        <balance>850000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DENVER CO CONVENTION CENTER HO</name>
        <lei>N/A</lei>
        <title>Denver Convention Center Hotel Authority</title>
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          <isin value="US249189DK41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NATIONAL FIN AUTH LEASE REVENU</name>
        <lei>N/A</lei>
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          <isin value="US63610FBE51"/>
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        <name>UNIV OF CONNECTICUT CT REVENUE</name>
        <lei>N/A</lei>
        <title>University of Connecticut</title>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <isin value="US59447TXH12"/>
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        <name>KNOX CNTY TN HLTH EDUCTNL &amp; HS</name>
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        <name>SALT LAKE CITY UT ARPT REVENUE</name>
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        <name>California Housing Finance Age</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>PUBLIC PWR GENERATION AGY NE R</name>
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        <name>SAN DIEGO CNTY CA REGL ARPT AU</name>
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        <name>HAMILTON CNTY OH SWR SYS REVEN</name>
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        <name>NEW YORK NY</name>
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        <name>IOWA ST STUDENT LOAN LIQUIDITY</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
        <lei>N/A</lei>
        <title>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</title>
        <cusip>896035DG4</cusip>
        <identifiers>
          <isin value="US896035DG41"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3300643.20000000</valUSD>
        <pctVal>0.185818938699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>JEFFERSON CNTY AL SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of Jefferson AL Sewer Revenue</title>
        <cusip>472682ZS5</cusip>
        <identifiers>
          <isin value="US472682ZS54"/>
        </identifiers>
        <balance>18200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18657500.68000000</valUSD>
        <pctVal>1.050376173690</pctVal>
        <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>5.50000000</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>TEXAS ST PUBLIC FIN AUTH LEASE</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority</title>
        <cusip>882669BL7</cusip>
        <identifiers>
          <isin value="US882669BL72"/>
        </identifiers>
        <balance>2675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2656200.10000000</valUSD>
        <pctVal>0.149538212295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</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>
      <invstOrSec>
        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
        <cusip>167486T25</cusip>
        <identifiers>
          <isin value="US167486T254"/>
        </identifiers>
        <balance>6300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5981302.53000000</valUSD>
        <pctVal>0.336734151744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</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>MASSACHUSETTS ST DEV FIN AGY R</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584XDH1</cusip>
        <identifiers>
          <isin value="US57584XDH17"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500159.50000000</valUSD>
        <pctVal>0.028157877673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority</title>
        <cusip>944514ZG6</cusip>
        <identifiers>
          <isin value="US944514ZG68"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5073157.00000000</valUSD>
        <pctVal>0.285607559639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</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>ARKANSAS DEV FIN AUTH ENVIRONM</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
        <cusip>04110FAB1</cusip>
        <identifiers>
          <isin value="US04110FAB13"/>
        </identifiers>
        <balance>5550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5613618.54000000</valUSD>
        <pctVal>0.316034353353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>DETROIT MI DOWNTOWN DEV AUTH T</name>
        <lei>549300WO3NSMP6FECO66</lei>
        <title>Detroit Downtown Development Authority</title>
        <cusip>251135HS1</cusip>
        <identifiers>
          <isin value="US251135HS16"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2337849.23000000</valUSD>
        <pctVal>0.131615759848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEFA INC IA GAS PROJ REVENUE</name>
        <lei>549300RSE249DJNRHY07</lei>
        <title>PEFA Inc</title>
        <cusip>70556CAB0</cusip>
        <identifiers>
          <isin value="US70556CAB00"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3033217.80000000</valUSD>
        <pctVal>0.170763477990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Variable</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>CONNECTICUT ST SPL TAX OBLIG R</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax Revenue</title>
        <cusip>207758VX8</cusip>
        <identifiers>
          <isin value="US207758VX84"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4947948.00000000</valUSD>
        <pctVal>0.278558568856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</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>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>BNY MELLON MUNICIPAL FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>James Windels</ncom:signature>
      <ncom:signerName>James Windels</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
