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        <name>Cap Area Cultural Edu Fac Fin Corp. Rev Bonds (The Roman Catholic Diocese of Austin) Ser 2005B</name>
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        <name>CA Sch Fin Auth Charter Sch Rev Bonds (Rocketship Pub Sch - Oblig Group) Ser 2017G</name>
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      <invstOrSec>
        <name>SW IL Dev Auth Local Govt Prog Rev Rfdg Bonds (Granite City Proj) Ser 2012</name>
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      <invstOrSec>
        <name>CA Muni Fin Auth Sr Lien Rev Bonds (LINXS APM Proj) Ser 2018A</name>
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      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sr Lien Rev Bonds Ser 2010</name>
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      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Rev Bonds (Loma Linda Univ Med Ctr) Ser 2016A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PA Tpk Comsn Tpk Sub Rev Bonds Ser 2009E</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PA Tpk Comsn Tpk Sub Rev Bonds Ser 2009E</title>
        <cusip>709223XW6</cusip>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Indl Dev Auth of Tempe AZ Rev Rfdg Bonds (Friendship Vlg of Tempe) Ser 2012A</name>
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      <invstOrSec>
        <name>UT State Charter Sch Fin Auth Charter Sch Rev Bonds (North Star Academy Proj) Ser 2010B</name>
        <lei>N/A</lei>
        <title>UT State Charter Sch Fin Auth Charter Sch Rev Bonds (North Star Academy Proj) Ser 2010B</title>
        <cusip>91754TCM3</cusip>
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        <name>Broadway-Fairview Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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        <title>Broadway-Fairview Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</title>
        <cusip>11144RAE4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>MI Strategic Fund Var Rate Demand Ltd. Oblig Rev Bonds Ser 2007 (GTD by Air Prods and Chemicals Inc.) (BVAL plus 23 bps)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cert of Part (JFK High Sch Proj) Dept of Edu GU Ser 2010A</name>
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          <maturityDt>2040-12-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>NY Cntys Tob Trust VI Tob Stlmt Pass-Through Bonds Ser 2016A</name>
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        <title>NY Cntys Tob Trust VI Tob Stlmt Pass-Through Bonds Ser 2016A</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>North TX Twy Auth Spl Proj Sys Rev Bonds Convertible Cap Apprec Bonds Ser 2011C</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North TX Twy Auth Spl Proj Sys Rev Bonds Convertible Cap Apprec Bonds Ser 2011C</title>
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      </invstOrSec>
      <invstOrSec>
        <name>Kenton Cnty Arpt Board Cincinnati/Northn KY Intl Arpt Rev Bonds Ser 2019</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>San Antonio TX Water Sys Jr Lien Rev and Rfdg Bonds Ser 2019C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Bonds (LBJ Infra Group LLC IH-635 Managed Lanes Proj) Ser 2010</name>
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      <invstOrSec>
        <name>Hlth and Edu Fac Auth Hlth Fac Rev Bonds (Mosaic Hlth Sys) Ser 2019A</name>
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        <name>The Orange Co. Funding Corp. (NY) Assisted Living Residence Rev Bonds (The Hamlet at Wallkill Assisted Living Proj) Ser 2012</name>
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        <name>Philadelphia PA Gas Works Rev Bonds (1998 Gen Ordinace) Ninth Ser</name>
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        <name>Mosaic Dist Cmnty Dev Auth Fairfax Cnty VA Rev Bonds Ser 2011A</name>
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        <name>NJ Econ Dev Auth Cigarette Tax Rev Rfdg Bonds Ser 2012</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NJ Econ Dev Auth Cigarette Tax Rev Rfdg Bonds Ser 2012</title>
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      <invstOrSec>
        <name>The Borough of Langhorne Manor Higher Edu and Hlth Auth (Bucks Cnty PA) Hosp Rev Bonds (Lower Bucks Hosp) Ser 1992</name>
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      <invstOrSec>
        <name>CA Sch Fin Auth Charter Sch Rev Rfdg Bonds (Aspire Pub Sch - Oblig Group) Ser 2016</name>
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        <title>CA Sch Fin Auth Charter Sch Rev Rfdg Bonds (Aspire Pub Sch - Oblig Group) Ser 2016</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CA Muni Fin Auth Charter Sch Rev Bonds (Palmdale Aerospace Academy Proj) Ser 2016A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CA Muni Fin Auth Charter Sch Rev Bonds (Palmdale Aerospace Academy Proj) Ser 2016A</title>
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        <name>Cook Cnty IL Recovery Zone Fac Rev Bonds (Navistar Intl Corp. Proj) Ser 2010</name>
        <lei>5493004UMR7OX4YITE10</lei>
        <title>Cook Cnty IL Recovery Zone Fac Rev Bonds (Navistar Intl Corp. Proj) Ser 2010</title>
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        <name>City of Carmel IN Rev Bonds Ser 2012A</name>
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        <name>KY Pub Trans Infra Auth First Tier Toll Rev Bonds Ser 2013A</name>
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        <name>CO Hsng and Fin Auth Multifam Hsng Rev Bonds (Greentree Vlg Apts Proj) Ser 2007 (GTD by U.S. Bank N.A.) (BVAL plus 24 bps)</name>
        <lei>5493005GIROYQAWBMC18</lei>
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      <invstOrSec>
        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Mirador Proj) Ser 2010A</name>
        <lei>549300ROY505NVTMMI25</lei>
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      <invstOrSec>
        <name>City of Phoenix Civic Impvt Corp. Jr Lien Arpt Rev Bonds Ser 2019B</name>
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        <name>AZ Hlth Fac Auth Rev Bonds (Banner Hlth) Ser 2007B (3-Month U.S. LIBOR*0.67 plus 81 bps)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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      <invstOrSec>
        <name>Arkansas River Power Auth CO Power Rev Impvt Bonds Ser 2010</name>
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          <other otherDesc="Primary Identifier" value="041036CV4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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      <invstOrSec>
        <name>Port of Portland OR Portland Intl Arpt Passenger Fac Charge Rev Bonds Ser 2011A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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      <invstOrSec>
        <name>Broadway-Fairview Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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        <cusip>11144RAF1</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unif Govt of Wyandotte Cnty Kansas City KS Spl Oblig Rfdg and Impvt Rev Bonds (Wyandotte Plaza Redev Proj) Ser 2016</name>
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          <other otherDesc="Primary Identifier" value="98267VDG5"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pub Enrg Auth of KY Gas Supply Rev Bonds Ser 2018B</name>
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        <title>Pub Enrg Auth of KY Gas Supply Rev Bonds Ser 2018B</title>
        <cusip>74440DBD5</cusip>
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          <other otherDesc="Primary Identifier" value="74440DBD5"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>CO Hlth Fac Auth Rev Rfdg Bonds (SCL Hlth Sys) Ser 2019A</name>
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        <title>CO Hlth Fac Auth Rev Rfdg Bonds (SCL Hlth Sys) Ser 2019A</title>
        <cusip>19648FLP7</cusip>
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          <other otherDesc="Primary Identifier" value="19648FLP7"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Tob Stlmt Fin Auth Tob Stlmt Asset-Bkd Bonds Ser 2007</name>
        <lei>N/A</lei>
        <title>Buckeye Tob Stlmt Fin Auth Tob Stlmt Asset-Bkd Bonds Ser 2007</title>
        <cusip>118217AP3</cusip>
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          <other otherDesc="Primary Identifier" value="118217AP3"/>
          <other otherDesc="Primary Identifier" value="118217AP3"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05125000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philadelphia Auth Indl Dev Rev Bonds (New Foundations Charter Sch Proj) Ser 2012</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Auth Indl Dev Rev Bonds (New Foundations Charter Sch Proj) Ser 2012</title>
        <cusip>7178188A9</cusip>
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          <other otherDesc="Primary Identifier" value="7178188A9"/>
          <other otherDesc="Primary Identifier" value="7178188A9"/>
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        <valUSD>4040960.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tax Incr Fin Comsn of Kansas City MO Tax Incr Rev Bonds (Brywood Ctr Proj) Ser 2010A</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>Tax Incr Fin Comsn of Kansas City MO Tax Incr Rev Bonds (Brywood Ctr Proj) Ser 2010A</title>
        <cusip>485107CX2</cusip>
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          <other otherDesc="Primary Identifier" value="485107CX2"/>
          <other otherDesc="Primary Identifier" value="485107CX2"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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      <invstOrSec>
        <name>FL Dev Fin Corp. Edu Fac Rev Bonds (Renaissance Charter Sch Inc. Proj) Ser 2015A</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <cusip>34061UBU1</cusip>
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          <other otherDesc="Primary Identifier" value="34061UBU1"/>
          <other otherDesc="Primary Identifier" value="34061UBU1"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Houston Higher Edu Fin Corp. Edu Rev Bonds (Cosmos Fndtn Inc.) Ser 2011A</name>
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        <title>Houston Higher Edu Fin Corp. Edu Rev Bonds (Cosmos Fndtn Inc.) Ser 2011A</title>
        <cusip>442378EF8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Carmel IN Rev Bonds Ser 2012A</name>
        <lei>N/A</lei>
        <title>City of Carmel IN Rev Bonds Ser 2012A</title>
        <cusip>143298AD9</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Houston TX Arpt Sys Sub Lien Rev Rfdg Bonds Ser 2011B</name>
        <lei>N/A</lei>
        <title>Houston TX Arpt Sys Sub Lien Rev Rfdg Bonds Ser 2011B</title>
        <cusip>4423485J3</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Reno NV First Lien Sales Tax Rev Rfdg Bonds (Retrac-Reno Trans Rail Access Corridor Proj) Ser 2018A (Insured by AGM)</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>Reno NV First Lien Sales Tax Rev Rfdg Bonds (Retrac-Reno Trans Rail Access Corridor Proj) Ser 2018A (Insured by AGM)</title>
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          <other otherDesc="Primary Identifier" value="759861DS3"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Cleveland-Cuyahoga Cnty Port Auth Dev Rev Bonds (Flats East Dev Proj) Ser 2010B</name>
        <lei>549300KI3FXFLUKF3A98</lei>
        <title>Cleveland-Cuyahoga Cnty Port Auth Dev Rev Bonds (Flats East Dev Proj) Ser 2010B</title>
        <cusip>186103FV4</cusip>
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          <other otherDesc="Primary Identifier" value="186103FV4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.07000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>Bexar Cnty Hlth Fac Dev Corp. Rev Rfdg Bonds (Army Ret Residence Fndtn Proj) Ser 2016</name>
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      <invstOrSec>
        <name>Arlington TX Higher Edu Fin Corp. Edu Rev Bonds (Wayside Sch) Ser 2016A</name>
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        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Buckner Sr Living - Ventana Proj) Ser 2017A</name>
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        <name>SC Pub Svc Auth Rev Commercial Paper Notes Ser DD (GTD by Bank of America N.A.)</name>
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        <name>AR River Power Auth CO Power Supply Sys Rev Rfdg Bonds Ser 2018A</name>
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        <name>Foothill/Eastn Trans Corridor Agy Toll Road Rfdg Rev Bonds Ser 2013B-2 (Insured by AGM)</name>
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        <name>NJ Hlth Care Fac Fin Auth Rev and Rfdg Bonds (Univ Hosp Issue) Ser 2015A</name>
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        <name>Cent Plains Enrg Proj Gas Proj Rev Bonds (Proj No. 3) Ser 2012</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Kellogg Co.</name>
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        <assetCat>STIV</assetCat>
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        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Austin TX Arpt Sys Rev Rfdg Bonds Ser 2019</name>
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          <other otherDesc="Primary Identifier" value="052398GB4"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Carmel IN Rev Bonds Ser 2012A</name>
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          <other otherDesc="Primary Identifier" value="143298AA5"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Sch Fin Auth Charter Sch Rev Bonds (Coastal Academy Proj) Ser 2013A</name>
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          <other otherDesc="Primary Identifier" value="13058TAC4"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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      <invstOrSec>
        <name>NC Tpk Auth Monroe Expressway Toll Rev Bonds Ser 2016C</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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          <other otherDesc="Primary Identifier" value="65830UAW2"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Student Hsng Rfdg Rev Bonds (Univ of CA Irvine East Campus Apt CHF-Irvine LLC) Ser 2016</name>
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          <other otherDesc="Primary Identifier" value="13078RGJ3"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Murray KY Hosp Fac Rev Bonds (Murray-Calloway Cnty Pub Hosp Corp. Proj) Ser 2010</name>
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          <other otherDesc="Primary Identifier" value="62708PBC2"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Lake Station 2008 Bldg Corp. Lake Station IN First Mtg Bonds Ser 2010</name>
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        <cusip>510848AT1</cusip>
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          <other otherDesc="Primary Identifier" value="510848AT1"/>
          <other otherDesc="Primary Identifier" value="510848AT1"/>
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        <balance>5170000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Montgomery TX Cnty Toll Road Auth Sr Lien Toll Road Rev Bonds Ser 2018</name>
        <lei>N/A</lei>
        <title>Montgomery TX Cnty Toll Road Auth Sr Lien Toll Road Rev Bonds Ser 2018</title>
        <cusip>61371DAT1</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="61371DAT1"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-15</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Metro Trans Auth Trans Rev Green Bonds Ser 2019B</name>
        <lei>N/A</lei>
        <title>Metro Trans Auth Trans Rev Green Bonds Ser 2019B</title>
        <cusip>59261AYX9</cusip>
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          <other otherDesc="Primary Identifier" value="59261AYX9"/>
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        <valUSD>5499500.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ME Fin Auth Solid Waste Disp Rev Bonds (Casella Waste Sys Inc. Proj) Ser 2015R-2</name>
        <lei>N/A</lei>
        <title>ME Fin Auth Solid Waste Disp Rev Bonds (Casella Waste Sys Inc. Proj) Ser 2015R-2</title>
        <cusip>56042CAW5</cusip>
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          <other otherDesc="Primary Identifier" value="56042CAW5"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Borough of Langhorne Manor Higher Edu and Hlth Auth (Bucks Cnty PA) Hosp Rev Bonds (Lower Bucks Hosp) Ser 1992</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NJ Econ Dev Auth Spl Fac Rev Bonds (Continental Airlines Inc. Proj) Ser 1999</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NJ Econ Dev Auth Spl Fac Rev Bonds (Continental Airlines Inc. Proj) Ser 1999</title>
        <cusip>64578CAG6</cusip>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Lakeside 370 Levee Dist (St. Charles Cnty MO) Levee Dist Impvt Bonds Ser 2008</name>
        <lei>N/A</lei>
        <title>Lakeside 370 Levee Dist (St. Charles Cnty MO) Levee Dist Impvt Bonds Ser 2008</title>
        <cusip>512096AA6</cusip>
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          <other otherDesc="Primary Identifier" value="512096AA6"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>IL Fin Auth Rev Bonds (Navistar Intl Corp. Proj) Ser 2010</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>IL Fin Auth Rev Bonds (Navistar Intl Corp. Proj) Ser 2010</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dormitory Auth Sch Dist Rev Bond Fin Prog Ser 2010A (Insured by AGM)</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>Dormitory Auth Sch Dist Rev Bond Fin Prog Ser 2010A (Insured by AGM)</title>
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        <balance>945000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>NC Tpk Auth Triangle Expressway Sys Sr Lien Rev Bonds Ser 2019</name>
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      <invstOrSec>
        <name>IN Muni Power Agy Power Supply Sys Rev Bonds Ser 2019A</name>
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        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Air Force Vig Oblig Group Proj) Ser 2016</name>
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        <name>Marquis Cmnty Dev Auth (VA) Rev Bonds Ser 2007C</name>
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      <invstOrSec>
        <name>Sanger TX Indl Dev Corp. Indl Dev Rev Bonds (TX Pellets Proj) Ser 2012B</name>
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      <invstOrSec>
        <name>Grindstone Plaza Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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      <invstOrSec>
        <name>Pub Auth for CO Enrg Natural Gas Purchase Rev Bonds Ser 2008</name>
        <lei>549300C6IJKXQOMRAB11</lei>
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      <invstOrSec>
        <name>Dallas/Fort Worth Intl Arpt Joint Rev Impvt Bonds Ser 2013B</name>
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        <name>AL Econ Stlmt Auth BP Stlmt Rev Bonds Ser 2016A</name>
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        <name>WI Hlth and Edu Fac Auth Rev Bonds (Beloit College) Ser 2010A</name>
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        <name>Indl Dev Auth of Yavapai Edu Rev Bonds (AZ Agribusiness and Equine Ctr Inc. Proj) Ser 2011</name>
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        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Bonds (NTE Mobility Partn Segments 3 LLC Segment 3C Proj) Ser 2019</name>
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        <name>Palomar Pomerado Hlth San Diego Cnty CA Cert of Part</name>
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      <invstOrSec>
        <name>IN Fin Auth Midwestn Disaster Relief Rev Bonds (OH Vly Elec Corp. Proj) Ser 2012A</name>
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        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Rfdg Bonds (NTE Mobility Partn LLC North Tarrant Express Managed Lanes Proj) Ser 2019A</name>
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      <invstOrSec>
        <name>Palamar Hlth Rfdg Rev Bonds Ser 2016</name>
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        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Bonds (LBJ Infra Group LLC IH-635 Managed Lanes Proj) Ser 2010</name>
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      <invstOrSec>
        <name>Summit Cnty Port Auth OH (Cleveland - Flats East Dev Proj) Ser 2010B</name>
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        <name>CA Statewide Cmnty Dev Auth Edu Fac Rev Bonds (Independence Support LLC Proj) Ser 2015</name>
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      <invstOrSec>
        <name>VA Small Business Fin Auth Sr Lien Rev Bonds (95 Express Lanes LLC Proj) Ser 2012</name>
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      <invstOrSec>
        <name>CA Sch Fin Auth Charter Sch Rev Bonds (Summit Pub Sch - Oblig Group) Ser 2017</name>
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      <invstOrSec>
        <name>Vlg of Riverdale Cook Cnty IL Unlimited Tax GO Bonds Ser 2011</name>
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      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sr Lien Rev Bonds Ser 2010</name>
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        <name>Wilkes-Barre Area Sch Dist Luzerne Cnty PA GO Bonds Ser 2019</name>
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      <invstOrSec>
        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Buckner Sr Living - Ventana Proj) Ser 2017A</name>
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        <name>OR Fac Auth Rev Bonds (Concordia Univ Proj) Ser 2010A</name>
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      <invstOrSec>
        <name>Econ Dev Auth of James City Cnty VA Residential Care Fac Rev Bonds (VA Utd Methodist Homes of Williamsburg Inc.) Ser 2013A</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NY Trans Dev Corp. Spl Fac Rev Bonds (Delta Air Lines Inc. - LaGuardia Arpt Terminals C&amp;D Redev Proj) Ser 2018</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Delaware Cnty Indl Dev Auth Charter Sch Rev Bonds (Chester Cmnty Charter Sch Proj) Ser 2010A</name>
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        <cusip>24602AAC3</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Multi-Fam Hsng Rev Bonds (Goldblatts Supportive Living Proj) Ser 2013</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <name>Reno NV Cap Impvt Rev Rfdg Bonds Ser 2019A-1</name>
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        <name>Indl Dev Auth of Pima Edu Rev Bonds (Noah Webster Sch - Pima Proj) Tax-Exempt Ser 2014A</name>
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        <name>Wise Cnty TX Lease Rev Bonds (Parker Cnty Jr College Dist Proj) Ser 2011</name>
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        <name>Golden State Tob Securitization Corp. Tob Stlmt Asset-Bkd Bonds Ser 2015A</name>
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        <name>CO Hlth Fac Auth Rev Bonds (Total Longterm Care Natl Oblig Group Proj) Ser 2010A</name>
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        <name>CA Cnty Tob Securitization Agy Tob Stlmt Asset-Bkd Bonds (Stanislaus Cnty Tob Funding Corp.) Ser 2006</name>
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      <invstOrSec>
        <name>CO High Performance Trans Enterprise U.S. 36 and I-25 Managed Lanes Sr Rev Bonds Ser 2014</name>
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      <invstOrSec>
        <name>Metro WA DC Arpt Auth Arpt Sys Rev and Rfdg Bonds Ser 2019A</name>
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      <invstOrSec>
        <name>Metro WA Arpt Auth Dulles Toll Road Sub Lien Rev and Rfdg Bonds (Dulles Metrorail and Cap Impvt Proj) Ser 2019B</name>
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        <name>Foothill/Eastn Trans Corridor Agy Toll Road Rfdg Rev Bonds Ser 2013B-1 (Insured by AGM)</name>
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        <name>TX Trans Comsn Cent TX Tpk Sys First Tier Rev Rfdg Bonds Ser 2012-A</name>
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        <title>TX Trans Comsn Cent TX Tpk Sys First Tier Rev Rfdg Bonds Ser 2012-A</title>
        <cusip>88283KAB4</cusip>
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        <name>Grindstone Plaza Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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      <invstOrSec>
        <name>CA Muni Fin Auth Edu Fac Rev Bonds (Literacy First Proj) Ser 2010B</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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      <invstOrSec>
        <name>Philadelphia Auth Indl Dev Rev Bonds (Mariana Bracetti Academy Charter Sch Proj) Ser 2011</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Auth Indl Dev Rev Bonds (Mariana Bracetti Academy Charter Sch Proj) Ser 2011</title>
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      <invstOrSec>
        <name>WI Hlth and Edu Fac Auth Rev Bonds (Beloit College) Ser 2010A</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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      <invstOrSec>
        <name>Kirkwood MO Indl Dev Auth Ret Cmnty Rev Bonds (Aberdeen Heights) Ser 2017A</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lenexa KS Hlth Care Fac Rev Bonds (Lakeview Village Inc.) Ser 2018A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Mirador Proj) Ser 2010A</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Maricopa Cnty Indl Dev Auth Rev Bonds (Banner Hlth) Ser 2019A</name>
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          <other otherDesc="Primary Identifier" value="56682HCQ0"/>
          <other otherDesc="Primary Identifier" value="56682HCQ0"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>San Buenaventura Rev Bonds (Cmnty Mem Hlth Sys) Ser 2011</name>
        <lei>N/A</lei>
        <title>San Buenaventura Rev Bonds (Cmnty Mem Hlth Sys) Ser 2011</title>
        <cusip>797049AH6</cusip>
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          <other otherDesc="Primary Identifier" value="797049AH6"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sub Lien Rev Rfdg Bonds Ser 2013</name>
        <lei>N/A</lei>
        <title>Cent TX Rgnl Mobility Auth Sub Lien Rev Rfdg Bonds Ser 2013</title>
        <cusip>155498CX4</cusip>
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          <other otherDesc="Primary Identifier" value="155498CX4"/>
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        <valUSD>3255780.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lenexa KS Hlth Care Fac Rev Bonds (Lakeview Village Inc.) Ser 2018A</name>
        <lei>N/A</lei>
        <title>Lenexa KS Hlth Care Fac Rev Bonds (Lakeview Village Inc.) Ser 2018A</title>
        <cusip>526039DL3</cusip>
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          <other otherDesc="Primary Identifier" value="526039DL3"/>
          <other otherDesc="Primary Identifier" value="526039DL3"/>
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        <valUSD>1680390.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cumberland Cnty Muni Auth Rfdg Rev Bonds (Asbury PA Oblig Group) Ser 2012</name>
        <lei>N/A</lei>
        <title>Cumberland Cnty Muni Auth Rfdg Rev Bonds (Asbury PA Oblig Group) Ser 2012</title>
        <cusip>230614GK9</cusip>
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          <other otherDesc="Primary Identifier" value="230614GK9"/>
          <other otherDesc="Primary Identifier" value="230614GK9"/>
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        <curCd>USD</curCd>
        <valUSD>3097350.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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      </invstOrSec>
      <invstOrSec>
        <name>IL Fin Auth Rev Bonds (Lutheran Home and Svs Oblig Group) Ser 2012</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>IL Fin Auth Rev Bonds (Lutheran Home and Svs Oblig Group) Ser 2012</title>
        <cusip>45203HMW9</cusip>
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          <other otherDesc="Primary Identifier" value="45203HMW9"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Houston TX Arpt Sys Sub Lien Rev Rfdg Bonds Ser 2011B</name>
        <lei>N/A</lei>
        <title>Houston TX Arpt Sys Sub Lien Rev Rfdg Bonds Ser 2011B</title>
        <cusip>4423485K0</cusip>
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          <other otherDesc="Primary Identifier" value="4423485K0"/>
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        <balance>2680000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Indl Dev Auth of Tempe AZ Rev Rfdg Bonds (Friendship Vlg of Tempe) Ser 2012A</name>
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        <cusip>87972MAL6</cusip>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Lawrence KS (The Bowersock Mills &amp; Power Co. Hydroelec Proj) Indl Rev Bonds (Recovery Zone Fac Bonds) Ser 2010A</name>
        <lei>5493004LLF0HG6XS2E46</lei>
        <title>Lawrence KS (The Bowersock Mills &amp; Power Co. Hydroelec Proj) Indl Rev Bonds (Recovery Zone Fac Bonds) Ser 2010A</title>
        <cusip>520138NE4</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Nassau Cnty Tob Stlmnt Corp. Tob Stlmnt Asset-Bkd Bonds Ser 2006A-3 Sr Current Int Bonds</name>
        <lei>N/A</lei>
        <title>Nassau Cnty Tob Stlmnt Corp. Tob Stlmnt Asset-Bkd Bonds Ser 2006A-3 Sr Current Int Bonds</title>
        <cusip>63166MCB3</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Marquis Cmnty Dev Auth (VA) Rev Bonds Ser 2007B</name>
        <lei>N/A</lei>
        <title>Marquis Cmnty Dev Auth (VA) Rev Bonds Ser 2007B</title>
        <cusip>57161CAD0</cusip>
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          <other otherDesc="Primary Identifier" value="57161CAD0"/>
          <other otherDesc="Primary Identifier" value="57161CAD0"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Rfdg Rev Bonds (CA Baptist Univ) Ser 2017A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CA Statewide Cmnty Dev Auth Rfdg Rev Bonds (CA Baptist Univ) Ser 2017A</title>
        <cusip>13080SSJ4</cusip>
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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>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Director of the State of NV Dept of Business and Industry Charter Sch Lease Rev Bonds (Somerset Academy) Ser 2015A</name>
        <lei>N/A</lei>
        <title>Director of the State of NV Dept of Business and Industry Charter Sch Lease Rev Bonds (Somerset Academy) Ser 2015A</title>
        <cusip>25490LAC1</cusip>
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        <name>VA Small Business Fin Auth Sr Lien Rev Bonds (Elizabeth River Crossing Opco LLC Proj) Ser 2012</name>
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      <invstOrSec>
        <name>The Indl Dev Auth of Lee's Summit MO Infra Fac Rev Bonds (Kensington Farms Impvt Proj) Ser 2007</name>
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        <name>MTA Hudson Rail Yards Trust Oblig Ser 2016A</name>
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      <invstOrSec>
        <name>Houston TX Combined Util Sys First Lien Rev Rfdg Bonds Ser 2019B</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Austin TX Arpt Sys Rev Rfdg Bonds Ser 2019</name>
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      </invstOrSec>
      <invstOrSec>
        <name>IL Fin Auth Rev Bonds (NW Mem Hlthcare) Ser 2017A</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>TX Trans Comsn State Hwy 249 Sys First Tier Toll Rev Bonds Ser 2019A</name>
        <lei>N/A</lei>
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        <cusip>88283NAZ5</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>Pub Fin Auth Higher Edu Fac Rev Bonds (Wittenberg Univ Proj) Ser 2016</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Terre Haute IN Rev Bonds (Westminister Vlg Proj) Ser 2012</name>
        <lei>N/A</lei>
        <title>Terre Haute IN Rev Bonds (Westminister Vlg Proj) Ser 2012</title>
        <cusip>881093AS7</cusip>
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      <invstOrSec>
        <name>PA Higher Edu Fac Auth Rev Bonds (Edinboro Univ Fndtn Student Hsng Proj at Edinboro Univ of PA) Ser 2010</name>
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      <invstOrSec>
        <name>WI Pub Fin Auth Edu Rev Bonds (Cornerstone Charter Academy Proj) Ser 2016A</name>
        <lei>5493004S6D3NA627K012</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>Tob Stlmt Fin Corp. Tob Stlmt Bonds Ser 2018B</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tob Securitization Corp. Enhanced Tob Stlmt Asset-Bkd Bonds Ser 2017A-1</name>
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      <invstOrSec>
        <name>IL GO Bonds Ser 2016</name>
        <lei>N/A</lei>
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          <other otherDesc="Primary Identifier" value="452152D99"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix AZ Indl Dev Auth Student Hsng Rfdg Rev Bonds (Downtown Phoenix Student Hsng LLC - AZ State Univ Proj) Ser 2018A</name>
        <lei>549300A62PWFBDWB8332</lei>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>San Buenaventura Rev Bonds (Cmnty Mem Hlth Sys) Ser 2011</name>
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        <name>MI Fin Auth Hosp Rev Bonds (Henry Ford Hlth Sys) Ser 2019A</name>
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        <name>Detroit MI GO Bonds Ser 2004-A (1) (Insured by AMBAC)</name>
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        <name>SC Jobs - Econ Dev Auth Student Hsng Rev Bonds (Coastal Hsng Fndtn LLC Proj) Ser 2009A</name>
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        <name>Dormitory Auth Sch Dist Rev Bond Fin Prog Ser 2010A (Insured by AGM)</name>
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        <name>Savannah Econ Dev Auth Rfdg Rev Bonds (The Marshes of Skidaway Island Proj) Ser 2013</name>
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        <name>MD Econ Dev Corp. Econ Dev Rev Bonds (Terminal Proj) Ser B</name>
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        <name>NC Med Care Comsn Ret Fac First Mtg Rev Bonds (Galloway Ridge Proj) Ser 2010A</name>
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      <invstOrSec>
        <name>Cnty of Muskingum OH Hosp Fac Rev Bonds (Genesis Hlth Care Sys Oblig Group Proj) Ser 2013</name>
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        <name>Cap Trust Agy FL First Mtg Rev Bonds (Silver Creek St. Augustine Proj) Ser 2016A</name>
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      <invstOrSec>
        <name>Grindstone Plaza Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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      <invstOrSec>
        <name>Vermont Econ Dev Auth Solid Waste Disp Rev Bonds (Casella Waste Sys Inc. Proj) Ser 2013</name>
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        <name>Whiting IN Redev Dist Tax Incr Rev Bonds Ser 2016</name>
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      <invstOrSec>
        <name>Westfield Redev Dist Tax Incr Rev Bonds of 2009</name>
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      <invstOrSec>
        <name>Nassau Cnty Indl Dev Agy Continuing Care Ret Cmnty Rev Bonds (Amsterdam at Harborside Proj) Ser 2014B</name>
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      <invstOrSec>
        <name>LA Pub Fac Auth Solid Waste Disp Fac Rev Bonds (LA Pellets Inc. Proj) Ser 2015</name>
        <lei>549300RQIPT5S4P4M065</lei>
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        <name>Lower AL Gas Dist Gas Proj Rev Bonds Ser 2016A</name>
        <lei>549300YTI1NTDG2OVU42</lei>
        <title>Lower AL Gas Dist Gas Proj Rev Bonds Ser 2016A</title>
        <cusip>547804AE4</cusip>
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        <name>Delaware Cnty Indl Dev Auth PA Rfdg Rev Bonds (Covanta Proj) Ser 2015A</name>
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        <cusip>246018FY6</cusip>
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        <name>KY Muni Power Agy Power Sys Rev Rfdg Bonds (Prarie State Proj) Ser 2019A</name>
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      <invstOrSec>
        <name>Main Street Natural Gas Inc. Gas Supply Rev Bonds Ser 2019A</name>
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        <name>Cap Trust Agy FL First Mtg Rev Bonds (Silver Creek St. Augustine Proj) Ser 2014A</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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        <name>MO Dev Fin Board Infra Fac Rev Bonds (Branson Landing Proj) Ser 2005A</name>
        <lei>549300JD8BCNBV9D3830</lei>
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      <invstOrSec>
        <name>Redev Agy of San Buenaventura Merged San Buenaventura Redev Proj 2008 Tax Alloc Bonds</name>
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        <name>UT State Charter Sch Fin Auth Charter Sch Rev Bonds (Paradigm High Sch) Ser 2010</name>
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        <name>Grindstone Plaza Trans Dev Dist (Columbia MO) Trans Sales Tax Rev Bonds Ser 2006A</name>
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        <name>Reno NV Cap Impvt Rev Rfdg Bonds Ser 2019A-1</name>
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        <name>North TX Twy Auth Sys First Tier Rev Rfdg Bonds Ser 2016A</name>
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        <name>Philadelphia Auth Indl Dev Rev Bonds (Global Leadership Academy Charter Sch Proj) Ser 2010</name>
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        <name>Chicago O'Hare Intl Arpt Sr Spl Fac Rev Bonds (Trips Oblig Group) Ser 2018</name>
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        <name>MI Fin Auth Pub Sch Academy Ltd. Oblig Rev Bonds (Old Redford Academy Proj) Ser 2010A</name>
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        <name>Cert of Part Oro Grande Elem Sch Dist Ser 2013</name>
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        <name>Nassau Cnty Indl Dev Agy Continuing Care Ret Cmnty Rev Bonds (Amsterdam at Harborside Proj) Ser 2014A5</name>
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      <invstOrSec>
        <name>Tarrant Cnty Cultural Edu Fac Fin Corp. Ret Fac Rev Bonds (Mirador Proj) Ser 2010A</name>
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      <invstOrSec>
        <name>Westchester Tob Asset Securitization Corp. Tob Stlmt Bonds Ser 2016B</name>
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      <invstOrSec>
        <name>CA Muni Fin Auth Charter Sch Rev Bonds (Palmdale Aerospace Academy Proj) Ser 2016A</name>
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        <name>Fairfield AL GO Warrants Ser 2012</name>
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      <invstOrSec>
        <name>Tob Securitization Auth of Southn CA Tob Stlmt Asset-Bkd Bonds Ser 2019B-1</name>
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        <name>TX Pub Fin Auth Charter Sch Fin Corp. Edu Rev Bonds (Odyssey Academy Inc.) Ser 2010A</name>
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        <name>FL Dev Fin Corp. Edu Fac Rev Bonds (Renaissance Charter Sch Inc. Proj) Ser 2014A</name>
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      <invstOrSec>
        <name>Golden State Tob Securitization Corp. Tob Stlmt Asset-Bkd Bonds Ser 2018A-1</name>
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      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sub Lien Rev Rfdg Bonds Ser 2013</name>
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      <invstOrSec>
        <name>IL Fin Auth Multi-Family Hsng Rev Bonds (St. Anthony of Lansing Proj) Ser 2012</name>
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        <name>AZ Indl Dev Auth Edu Rev and Rfdg Bonds (AZ Agribusiness &amp; Equine Ctr Inc. Proj) Ser 2017B</name>
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        <name>Pub Fin Auth Sr Arpt Fac Rev and Rfdg Bonds (TrIps Obligated Group) Ser 2012B</name>
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      <invstOrSec>
        <name>AL 21st Century Auth Tob Stlmt Rev Bonds Ser 2012-A</name>
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      <invstOrSec>
        <name>CA Muni Fin Auth Rev Rfdg Bonds (HumanGood Oblig Group) Ser 2019A</name>
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      <invstOrSec>
        <name>Cobb Cnty GA Dev Auth Sr Living Rfdg Rev Bonds (Provident Vlg Creekside Proj) Ser 2016A</name>
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      <invstOrSec>
        <name>KY Econ Dev Fin Auth Hosp Rev Bonds Ser 2010A</name>
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      <invstOrSec>
        <name>Philadelphia Auth Indl Dev Rev Bonds (Mariana Bracetti Academy Charter Sch Proj) Ser 2011</name>
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      <invstOrSec>
        <name>Metro Nashville Arpt Auth Sub Arpt Rev Bonds Ser 2019A</name>
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      <invstOrSec>
        <name>VA Small Business Fin Auth Sr Lien Rev Bonds (Elizabeth River Crossing Opco LLC Proj) Ser 2012</name>
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      <invstOrSec>
        <name>Stone Canyon Cmnty Impvt Dist Independence MO Rev Bonds (Pub Infra Impvt Proj) Ser 2007</name>
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          <other otherDesc="Primary Identifier" value="861585AH0"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles CA Dept of Arpts Los Angeles Intl Arpt Sub Rev Bonds Ser 2019F</name>
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      <invstOrSec>
        <name>IA Fin Auth Rev and Rfdg Bonds (Childserve Proj) Ser 2015B</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FL Dev Fin Corp. Edu Fac Rev Bonds (Renaissance Charter Sch Inc. Proj) Ser 2010A</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dallas/Fort Worth Intl Arpt Joint Rev Impvt Bonds Ser 2013A</name>
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        <cusip>235036F96</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>St. Louis Muni Fin Corp. Compound Int Leasehold Rev Bonds (Convention Ctr Cap Impvt Proj) Ser 2010A (Insured by AGM)</name>
        <lei>549300CR13DAYKUKQN03</lei>
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          <other otherDesc="Primary Identifier" value="79165TPP0"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cumberland Cnty Muni Auth Rfdg Rev Bonds (Asbury PA Oblig Group) Ser 2010</name>
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        <title>Cumberland Cnty Muni Auth Rfdg Rev Bonds (Asbury PA Oblig Group) Ser 2010</title>
        <cusip>230614FK0</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LA Pub Fac Auth Var Rate Rev Rfdg Bonds (CHRISTUS Hlth) Ser 2009B-1 (GTD by Bank of New York Mellon (The)) (BVAL plus 25 bps)</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>LA Pub Fac Auth Var Rate Rev Rfdg Bonds (CHRISTUS Hlth) Ser 2009B-1 (GTD by Bank of New York Mellon (The)) (BVAL plus 25 bps)</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>State Street Institutional U.S. Government Money Market Fund - Premier Class</name>
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        <title>State Street Institutional U.S. Government Money Market Fund - Premier Class</title>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FL Dev Fin Corp. Rev Bonds (Sculptor Charter Sch Proj) Ser 2008A</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>FL Dev Fin Corp. Rev Bonds (Sculptor Charter Sch Proj) Ser 2008A</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>KY Econ Dev Fin Auth Hosp Rev Bonds Ser 2010A</name>
        <lei>N/A</lei>
        <title>KY Econ Dev Fin Auth Hosp Rev Bonds Ser 2010A</title>
        <cusip>49126KGX3</cusip>
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      <invstOrSec>
        <name>Chicago O'Hare Intl Arpt Gen Arpt Third Lien Rev Bonds Ser 2011A</name>
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        <title>Chicago O'Hare Intl Arpt Gen Arpt Third Lien Rev Bonds Ser 2011A</title>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Salem OR Hosp Fac Auth Rev Bonds (Capital Manor Proj) Ser 2018</name>
        <lei>N/A</lei>
        <title>Salem OR Hosp Fac Auth Rev Bonds (Capital Manor Proj) Ser 2018</title>
        <cusip>794458EY1</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MA Dev Fin Agy Rev Bonds Foxborough Rgnl Charter Sch Issue Ser 2010</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MA Dev Fin Agy Rev Bonds Foxborough Rgnl Charter Sch Issue Ser 2010</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Hosp Fac Auth of Salem OR Rev Rfdg Bonds (Cap Manor Inc.) Ser 2012</name>
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          <other otherDesc="Primary Identifier" value="794458DK2"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Mid-Bay Bridge Auth 1st Sr Lien Rev Bonds Ser 2015A</name>
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        <title>Mid-Bay Bridge Auth 1st Sr Lien Rev Bonds Ser 2015A</title>
        <cusip>342814DR8</cusip>
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          <other otherDesc="Primary Identifier" value="342814DR8"/>
          <other otherDesc="Primary Identifier" value="342814DR8"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>OR Fac Auth Rev Bonds (Concordia Univ Proj) Ser 2010A</name>
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          <other otherDesc="Primary Identifier" value="68608JMW8"/>
          <other otherDesc="Primary Identifier" value="68608JMW8"/>
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        <balance>885000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>0.06125000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Marquis Cmnty Dev Auth (York Country VA) Convertible Cap Apprec Rev Bonds Ser 2015</name>
        <lei>N/A</lei>
        <title>Marquis Cmnty Dev Auth (York Country VA) Convertible Cap Apprec Rev Bonds Ser 2015</title>
        <cusip>57161CAF5</cusip>
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          <other otherDesc="Primary Identifier" value="57161CAF5"/>
          <other otherDesc="Primary Identifier" value="57161CAF5"/>
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        <valUSD>566029.46000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Muni Fin Auth Rev Rfdg Bonds (HumanGood Oblig Group) Ser 2019A</name>
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        <title>CA Muni Fin Auth Rev Rfdg Bonds (HumanGood Oblig Group) Ser 2019A</title>
        <cusip>13048VLA4</cusip>
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          <other otherDesc="Primary Identifier" value="13048VLA4"/>
          <other otherDesc="Primary Identifier" value="13048VLA4"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2167020.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cobb Cnty GA Dev Auth Sr Living Rfdg Rev Bonds (Provident Vlg Creekside Proj) Ser 2016A</name>
        <lei>N/A</lei>
        <title>Cobb Cnty GA Dev Auth Sr Living Rfdg Rev Bonds (Provident Vlg Creekside Proj) Ser 2016A</title>
        <cusip>19078TAA1</cusip>
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          <other otherDesc="Primary Identifier" value="19078TAA1"/>
          <other otherDesc="Primary Identifier" value="19078TAA1"/>
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        <balance>750000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UAB Medicine Fin Auth Rev Bonds Ser 2019B</name>
        <lei>N/A</lei>
        <title>UAB Medicine Fin Auth Rev Bonds Ser 2019B</title>
        <cusip>902562DQ7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="902562DQ7"/>
          <other otherDesc="Primary Identifier" value="902562DQ7"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2753425.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NC Med Care Comsn Hlth Care Fac Rev Bonds (Novant Hlth Oblig Group) Ser 2019A</name>
        <lei>N/A</lei>
        <title>NC Med Care Comsn Hlth Care Fac Rev Bonds (Novant Hlth Oblig Group) Ser 2019A</title>
        <cusip>65821DWL1</cusip>
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          <other otherDesc="Primary Identifier" value="65821DWL1"/>
          <other otherDesc="Primary Identifier" value="65821DWL1"/>
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        <balance>8500000.00000000</balance>
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        <valUSD>8604125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03125000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare Intl Arpt Gen Arpt Third Lien Rev Bonds Ser 2011A</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare Intl Arpt Gen Arpt Third Lien Rev Bonds Ser 2011A</title>
        <cusip>167593F98</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="167593F98"/>
          <other otherDesc="Primary Identifier" value="167593F98"/>
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        <balance>855000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NJ Econ Dev Auth Cigarette Tax Rev Rfdg Bonds Ser 2012</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NJ Econ Dev Auth Cigarette Tax Rev Rfdg Bonds Ser 2012</title>
        <cusip>645918J61</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="645918J61"/>
          <other otherDesc="Primary Identifier" value="645918J61"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sysco Corp.</name>
        <lei>N/A</lei>
        <title>Sysco Corp.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Primary Identifier" value="87183AA37 01032020"/>
          <other otherDesc="Primary Identifier" value="87183AA37 01032020"/>
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        <balance>4000000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Grand Prkwy Trans Corp. First Tier Toll Rev Bonds Ser 2013A</name>
        <lei>N/A</lei>
        <title>Grand Prkwy Trans Corp. First Tier Toll Rev Bonds Ser 2013A</title>
        <cusip>38611TAB3</cusip>
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          <other otherDesc="Primary Identifier" value="38611TAB3"/>
          <other otherDesc="Primary Identifier" value="38611TAB3"/>
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        <balance>15000000.00000000</balance>
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        <valUSD>16783950.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-04-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arlington TX Higher Edu Fin Corp. Rev Bonds (Newman Intl Academy) Ser 2016A</name>
        <lei>N/A</lei>
        <title>Arlington TX Higher Edu Fin Corp. Rev Bonds (Newman Intl Academy) Ser 2016A</title>
        <cusip>041806FU9</cusip>
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          <other otherDesc="Primary Identifier" value="041806FU9"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MI Pub Edu Fac Auth Ltd. Oblig Rev Bonds (Old Redford Academy Proj) Ser 2005A</name>
        <lei>N/A</lei>
        <title>MI Pub Edu Fac Auth Ltd. Oblig Rev Bonds (Old Redford Academy Proj) Ser 2005A</title>
        <cusip>594569AR6</cusip>
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          <other otherDesc="Primary Identifier" value="594569AR6"/>
          <other otherDesc="Primary Identifier" value="594569AR6"/>
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        <balance>1720000.00000000</balance>
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        <valUSD>1720860.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05875000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Midway Arpt Second Lien Rev Rfdg Bonds Ser 2013B</name>
        <lei>N/A</lei>
        <title>Chicago Midway Arpt Second Lien Rev Rfdg Bonds Ser 2013B</title>
        <cusip>167562NF0</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="167562NF0"/>
          <other otherDesc="Primary Identifier" value="167562NF0"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3299670.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Multifam Hsng Rev Bonds (Wyndover Apts) Ser 2004 LL (GTD by FNMA) (BVAL plus 10 bps)</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CA Statewide Cmnty Dev Auth Multifam Hsng Rev Bonds (Wyndover Apts) Ser 2004 LL (GTD by FNMA) (BVAL plus 10 bps)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="13077V6N7 11152037"/>
          <other otherDesc="Primary Identifier" value="13077V6N7 11152037"/>
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        <balance>4300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4300000.00000000</valUSD>
        <pctVal>0.373751529868</pctVal>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sr Lien Rev Rfdg Bonds Ser 2016</name>
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      </invstOrSec>
      <invstOrSec>
        <name>DC Water and Sewer Auth Pub Util Sub Lien Rev Bonds Ser 2019A</name>
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      <invstOrSec>
        <name>Kenton Cnty Arpt Board Cincinnati/Northn KY Intl Arpt Rev Bonds Ser 2019</name>
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      </invstOrSec>
      <invstOrSec>
        <name>The Regents of the Univ of CA Gen Rev Bonds Ser AL (BVAL plus 9 bps)</name>
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      <invstOrSec>
        <name>San Diego CA Tob Stlmt Rev Funding Corp. Tob Stlmt Bonds Ser 2018C</name>
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        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Bonds (LBJ Infra Group LLC IH-635 Managed Lanes Proj) Ser 2010</name>
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      <invstOrSec>
        <name>City of Carmel IN Rev Bonds Ser 2012A</name>
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          <other otherDesc="Primary Identifier" value="143298AE7"/>
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      <invstOrSec>
        <name>Osceola Cnty Expressway Sys Rev Bonds (Poinciana Prkwy Proj) Ser 2014A</name>
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        <title>Osceola Cnty Expressway Sys Rev Bonds (Poinciana Prkwy Proj) Ser 2014A</title>
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      <invstOrSec>
        <name>NM Hosp Equip Loan Council Hosp Impvt and Rfdg Rev Bonds (Gerald Champion Rgnl Med Ctr Proj) Ser 2012A</name>
        <lei>N/A</lei>
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          <other otherDesc="Primary Identifier" value="647370FS9"/>
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      <invstOrSec>
        <name>NV Dept of Business and Industry Charter Sch Lease Rev Bonds (Somerset Academy) Ser 2018A</name>
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        <cusip>25490LAG2</cusip>
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      <invstOrSec>
        <name>NJ Tpk Auth Tpk Rev Bonds Ser 2019A</name>
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        <cusip>646140DC4</cusip>
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        <name>University of California (1-Month U.S. LIBOR plus 8 bps)</name>
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        <title>University of California (1-Month U.S. LIBOR plus 8 bps)</title>
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      <invstOrSec>
        <name>San Francisco City and Cnty Arpt Comsn San Francisco Intl Arpt Second Ser Rev Bonds Ser 2019A</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Rev Bonds (Lancer Plaza Proj) Ser 2013</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13080SAT1</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>Upper IL River Vly Dev Auth Multi-Fam Hsng Rev Bonds (Deer Park of Huntley Proj) Ser 2012</name>
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        <invCountry>US</invCountry>

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      </invstOrSec>
      <invstOrSec>
        <name>Miami-Dade Cnty FL Aviation Rev Bonds Ser 2019A</name>
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        <title>Miami-Dade Cnty FL Aviation Rev Bonds Ser 2019A</title>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Hopkins Cnty Hosp Dist Hosp Rev Bonds Ser 2008</name>
        <lei>N/A</lei>
        <title>Hopkins Cnty Hosp Dist Hosp Rev Bonds Ser 2008</title>
        <cusip>439817AJ6</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Muni Fin Auth Rev Bonds (Ret Hsng Fndtn Oblig Group) Ser 2017A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CA Muni Fin Auth Rev Bonds (Ret Hsng Fndtn Oblig Group) Ser 2017A</title>
        <cusip>13048T5S8</cusip>
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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>2031-11-15</maturityDt>
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      <invstOrSec>
        <name>LA Pub Fac Auth Solid Waste Disp Fac Rev Bonds (LA Pellets Inc. Proj) Ser 2013B</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>LA Pub Fac Auth Solid Waste Disp Fac Rev Bonds (LA Pellets Inc. Proj) Ser 2013B</title>
        <cusip>54640TAB5</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TX Muni Gas Acquisition and Supply Corp. III Gas Supply Rev Bonds Ser 2012</name>
        <lei>0UDITKOYW0YKG3BBP242</lei>
        <title>TX Muni Gas Acquisition and Supply Corp. III Gas Supply Rev Bonds Ser 2012</title>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cent TX Rgnl Mobility Auth Sr Lien Rev Bonds Ser 2015A</name>
        <lei>N/A</lei>
        <title>Cent TX Rgnl Mobility Auth Sr Lien Rev Bonds Ser 2015A</title>
        <cusip>155498DV7</cusip>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Tob Stlmt Fin Auth Tob Stlmt Asset-Bkd Bonds Ser 2007A-2</name>
        <lei>N/A</lei>
        <title>Buckeye Tob Stlmt Fin Auth Tob Stlmt Asset-Bkd Bonds Ser 2007A-2</title>
        <cusip>118217AU2</cusip>
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          <other otherDesc="Primary Identifier" value="118217AU2"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05875000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sonoco Products Co.</name>
        <lei>N/A</lei>
        <title>Sonoco Products Co.</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Primary Identifier" value="83549RA20 01022020"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Statewide Cmnty Dev Auth Rev Bonds (Loma Linda Univ Med Ctr) Ser 2016A</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CA Statewide Cmnty Dev Auth Rev Bonds (Loma Linda Univ Med Ctr) Ser 2016A</title>
        <cusip>13080SMK7</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="13080SMK7"/>
          <other otherDesc="Primary Identifier" value="13080SMK7"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CT Hlth and Edu Fac Auth Hlthcare Fac Expansion Rev Bonds (Church Home of Hartford Inc. Proj) Ser 2016A</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>CT Hlth and Edu Fac Auth Hlthcare Fac Expansion Rev Bonds (Church Home of Hartford Inc. Proj) Ser 2016A</title>
        <cusip>20774YJ32</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="20774YJ32"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VA Small Business Fin Auth Tax-Exempt Sr Lien Private Activity Rev Bonds (Transform 66 P3 Proj) Ser 2017</name>
        <lei>N/A</lei>
        <title>VA Small Business Fin Auth Tax-Exempt Sr Lien Private Activity Rev Bonds (Transform 66 P3 Proj) Ser 2017</title>
        <cusip>928097AD6</cusip>
        <identifiers>
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          <other otherDesc="Primary Identifier" value="928097AD6"/>
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        <curCd>USD</curCd>
        <valUSD>4547560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare Intl Arpt Gen Arpt Sr Lien Rev Bonds Ser 2018B (Insured by AGM)</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare Intl Arpt Gen Arpt Sr Lien Rev Bonds Ser 2018B (Insured by AGM)</title>
        <cusip>167593M41</cusip>
        <identifiers>
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          <other otherDesc="Primary Identifier" value="167593M41"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arlington Higher Edu Fin Corp. Edu Rev Bonds (Kipp Texas Inc.) Ser 2019</name>
        <lei>N/A</lei>
        <title>Arlington Higher Edu Fin Corp. Edu Rev Bonds (Kipp Texas Inc.) Ser 2019</title>
        <cusip>041806WE6</cusip>
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          <other otherDesc="Primary Identifier" value="041806WE6"/>
          <other otherDesc="Primary Identifier" value="041806WE6"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Muni Fin Auth Sr Lien Rev Bonds (LINXS APM Proj) Ser 2018A</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CA Muni Fin Auth Sr Lien Rev Bonds (LINXS APM Proj) Ser 2018A</title>
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          <other otherDesc="Primary Identifier" value="13048VCD8"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nassau Cnty Indl Dev Agy Continuing Care Ret Cmnty Rev Bonds (Amsterdam at Harborside Proj) Ser 2014C</name>
        <lei>N/A</lei>
        <title>Nassau Cnty Indl Dev Agy Continuing Care Ret Cmnty Rev Bonds (Amsterdam at Harborside Proj) Ser 2014C</title>
        <cusip>63166UAQ4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="63166UAQ4"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trap Rock Industries Inc. Var Demand Bonds Ser 2005 (GTD by Wachovia Bank N.A.) (1-Week U.S. LIBOR plus 10 bps)</name>
        <lei>N/A</lei>
        <title>Trap Rock Industries Inc. Var Demand Bonds Ser 2005 (GTD by Wachovia Bank N.A.) (1-Week U.S. LIBOR plus 10 bps)</title>
        <cusip>894123AB4</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="894123AB4 10012025"/>
          <other otherDesc="Primary Identifier" value="894123AB4 10012025"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Rfdg Bonds (NTE Mobility Partn LLC North Tarrant Express Managed Lanes Proj) Ser 2019A</name>
        <lei>N/A</lei>
        <title>TX Private Activity Bond Surface Trans Corp. Sr Lien Rev Rfdg Bonds (NTE Mobility Partn LLC North Tarrant Express Managed Lanes Proj) Ser 2019A</title>
        <cusip>882667AX6</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="882667AX6"/>
          <other otherDesc="Primary Identifier" value="882667AX6"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2247900.00000000</valUSD>
        <pctVal>0.195385131160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redev Agy for Riverside Interstate 215 Corridor Redev Proj Area 2010 Tax Alloc Bonds Ser E</name>
        <lei>N/A</lei>
        <title>Redev Agy for Riverside Interstate 215 Corridor Redev Proj Area 2010 Tax Alloc Bonds Ser E</title>
        <cusip>769123HE3</cusip>
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        <name>San Mateo Cmnty Fac Dist No. 2008-1 (Bay Meadows) Spl Tax Bonds Ser 2012</name>
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        <name>CA Sch Fin Auth Charter Sch Rev Bonds (Rocketship Pub Sch - Oblig Group) Ser 2017G</name>
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        <name>Metro WA DC Arpt Auth Dulles Toll Road Second Sr Lien Rev Bonds Ser 2010B</name>
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        <name>St. Louis Muni Fin Corp. Compound Int Leasehold Rev Bonds (Convention Ctr Cap Impvt Proj) Ser 2010A (Insured by AGM)</name>
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      <invstOrSec>
        <name>NJ Trans Trust Fund Auth Trans Prog Bonds Ser 2019AA</name>
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        <curCd>USD</curCd>
        <valUSD>5403100.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-15</maturityDt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MI Tob Stlmt Fin Auth Tob Stlmt Asset-Bkd Bonds Sr Current Int Bonds Ser 2007A</name>
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        <valUSD>2919430.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Chicago Gen Arpt Sr Lien Rev and Rev Rfdg Bonds (Chicago O'Hare Intl Arpt) Ser 2018A (Insured by AGM)</name>
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        <title>City of Chicago Gen Arpt Sr Lien Rev and Rev Rfdg Bonds (Chicago O'Hare Intl Arpt) Ser 2018A (Insured by AGM)</title>
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          <other otherDesc="Primary Identifier" value="167593L75"/>
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        <curCd>USD</curCd>
        <valUSD>5570950.00000000</valUSD>
        <pctVal>0.484221182632</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walgreens Boots Alliance Inc.</name>
        <lei>N/A</lei>
        <title>Walgreens Boots Alliance Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="93142WA78 01072020"/>
          <other otherDesc="Primary Identifier" value="93142WA78 01072020"/>
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        <curCd>USD</curCd>
        <valUSD>1499469.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San Antonio TX Water Sys Jr Lien Rev and Rfdg Bonds Ser 2019C</name>
        <lei>N/A</lei>
        <title>San Antonio TX Water Sys Jr Lien Rev and Rfdg Bonds Ser 2019C</title>
        <cusip>79642GGM8</cusip>
        <identifiers>
          <other otherDesc="Primary Identifier" value="79642GGM8"/>
          <other otherDesc="Primary Identifier" value="79642GGM8"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1809299.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arlington TX Higher Edu Fin Corp. Edu Rev Bonds (Wayside Sch) Ser 2016A</name>
        <lei>N/A</lei>
        <title>Arlington TX Higher Edu Fin Corp. Edu Rev Bonds (Wayside Sch) Ser 2016A</title>
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        <identifiers>
          <other otherDesc="Primary Identifier" value="041806HE3"/>
          <other otherDesc="Primary Identifier" value="041806HE3"/>
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        <curCd>USD</curCd>
        <valUSD>649612.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>IVY FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joseph W. Kauten</ncom:signature>
      <ncom:signerName>Joseph W. Kauten</ncom:signerName>
      <ncom:title>Treasurer, Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
