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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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      <invstOrSec>
        <name>DILWORTH-GLYNDON-FELTON MN IND</name>
        <lei>N/A</lei>
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          <isin value="US254278KU75"/>
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        <curCd>USD</curCd>
        <valUSD>202752.00000000</valUSD>
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          <maturityDt>2041-02-01</maturityDt>
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        <curCd>USD</curCd>
        <valUSD>1051061.00000000</valUSD>
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          <maturityDt>2037-07-01</maturityDt>
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        <curCd>USD</curCd>
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          <maturityDt>2046-05-01</maturityDt>
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          <maturityDt>2031-08-01</maturityDt>
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        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <title>Minnesota Higher Education Facilities Authority</title>
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          <isin value="US60416H7G30"/>
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        <name>SARTELL MN HLTH CARE &amp; HSG FAC</name>
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        <name>RAMSEY CNTY MN</name>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <name>STILLWATER MN MF REVENUE</name>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <name>SAINT PETER MN INDEP SCH DIST#</name>
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        <name>ELK RIVER MN INDEP SCH DIST #7</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <name>GOODRIDGE INDEP SCH DIST #561</name>
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        <name>MINNEAPOLIS MN HLTH CARE SYS R</name>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <name>CASS LAKE MN INDEP SCH DIST #1</name>
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      <invstOrSec>
        <name>CHASKA MN ECON DEV AUTH LEASE</name>
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          <maturityDt>2054-02-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
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        <valUSD>1641163.00000000</valUSD>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>BETHEL MN SENIOR HSG REVENUE</name>
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          <maturityDt>2054-05-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING COR</name>
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          <isin value="US74529JRK33"/>
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        <curCd>USD</curCd>
        <valUSD>2960190.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>4.53600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HUTCHINSON MN PUBLIC UTILITY R</name>
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        <title>Hutchinson Utilities Commission</title>
        <cusip>44835ECE6</cusip>
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          <isin value="US44835ECE68"/>
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        <curCd>USD</curCd>
        <valUSD>360496.80000000</valUSD>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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          <isin value="US852297CZ11"/>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>OTSEGO CHRT SCH LEASE REVENUE</name>
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          <isin value="US689149AC65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <title>Minnesota Higher Education Facilities Authority</title>
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          <isin value="US60416H3Y81"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>WAYZATA MN SENIOR HSG REVENUE</name>
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          <isin value="US946829BP29"/>
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        <valUSD>666029.00000000</valUSD>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BETHEL MN HSG AND HLTHCARE REV</name>
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          <maturityDt>2048-12-01</maturityDt>
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        <name>ROSEMOUNT MN</name>
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          <maturityDt>2053-02-01</maturityDt>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <name>BETHEL MN CHRT SCH LEASE REVEN</name>
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        <name>ROCHESTER MN HLTH CARE FACS RE</name>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <title>Minnesota Higher Education Facilities Authority</title>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <name>ROSEMOUNT MN INDEP SCH DIST #1</name>
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      <invstOrSec>
        <name>COLOGNE MN CHRT SCH LEASE REVE</name>
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      <invstOrSec>
        <name>ST CLOUD MN CHRT SCH LEASE REV</name>
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        <name>ANOKA MN HLTHCARE &amp; HSG FAC RE</name>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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          <isin value="US60416JEY29"/>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DULUTH MN ECON DEV AUTH HLTH C</name>
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          <isin value="US26444CKE11"/>
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        <curCd>USD</curCd>
        <valUSD>411620.00000000</valUSD>
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        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isin value="US60374VEU35"/>
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        <curCd>USD</curCd>
        <valUSD>1922154.00000000</valUSD>
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          <maturityDt>2039-11-15</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING COR</name>
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          <isin value="US74529JPW98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROOKLYN PK MN CHRT SCH LEASE</name>
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          <isin value="US114224AR99"/>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US92627TAT34"/>
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        <name>MET COUNCIL MINNEAPOLIS-SAINT</name>
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        <name>MINNESOTA ST HGR EDU FACS AUTH</name>
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        <title>Minnesota Higher Education Facilities Authority</title>
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        <name>CROOKSTON MN HLTH CARE FACS RE</name>
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        <name>MINNEAPOLIS MN STUDENT HSG REV</name>
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        <name>BETHEL MN CHRT SCH LEASE REVEN</name>
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        <name>SAINT PAUL MN INDEP SCH DIST #</name>
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        <name>CHATFIELD MN HLTHCARE &amp; HSG FA</name>
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      <invstOrSec>
        <name>VIRGINIA MN</name>
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          <maturityDt>2038-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>WAYZATA MN SENIOR HSG REVENUE</name>
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        <valUSD>496335.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isin value="US852297AS95"/>
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        <curCd>USD</curCd>
        <valUSD>1611470.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>MINNEAPOLIS-SAINT PAUL MN MET</name>
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          <isin value="US603827F276"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2215403.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US852297CD09"/>
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        <curCd>USD</curCd>
        <valUSD>508075.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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          <isin value="US792893HX06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON CNTY MN</name>
        <lei>N/A</lei>
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        <valUSD>1119170.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ROCHESTER MN HLTH CARE FACS RE</name>
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          <isin value="US771902HB21"/>
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        <curCd>USD</curCd>
        <valUSD>581080.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAUK RAPIDS MN HLTH CARE HSG F</name>
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        <balance>825000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>CASS LAKE MN INDEP SCH DIST #1</name>
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        <title>Cass Lake-Bena Independent School District No 115</title>
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          <maturityDt>2042-02-01</maturityDt>
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      <invstOrSec>
        <name>HUGO MN CHTR SCH LEASE REVENUE</name>
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          <isin value="US444584AK26"/>
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          <maturityDt>2044-07-01</maturityDt>
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        <name>NEW LONDON ECON DEV AUTH MN PU</name>
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          <maturityDt>2033-02-01</maturityDt>
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        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <name>MINNEAPOLIS MN HLTH CARE SYS R</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis MN</title>
        <cusip>60374VDR1</cusip>
        <identifiers>
          <isin value="US60374VDR15"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1261487.50000000</valUSD>
        <pctVal>0.533915499626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-01-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Voyageur Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatens</ncom:signature>
      <ncom:signerName>Dan Geatens</ncom:signerName>
      <ncom:title>Division Director - Head of US Fund Administration</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
