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      <invstOrSec>
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          <isin value="US13057KAH32"/>
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        <name>GAINESVILLE &amp; HALL CNTY GA HOS</name>
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          <isin value="US362762PT77"/>
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          <maturityDt>2047-02-15</maturityDt>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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          <isin value="US04052BAL80"/>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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        <cusip>04052BSZ8</cusip>
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          <isin value="US04052BSZ84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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          <isin value="US83704MBU99"/>
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        <valUSD>1799773.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>HENDERSON NV LOCAL IMPT DISTS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
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        <title>California School Finance Authority</title>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>APPLE VLY MN SENIOR LIVING REV</name>
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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>NEW YORK ST URBAN DEV CORP REV</name>
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        <name>WARREN ACADEMY MICH PUB SCH</name>
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        <title>Academy of Warren</title>
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      <invstOrSec>
        <name>SAINT JAMES PARISH LA REVENUE</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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          <isin value="US45129GCF00"/>
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        <curCd>USD</curCd>
        <valUSD>540950.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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      <invstOrSec>
        <name>GRAPEVINE WASH LOCAL DIST UT</name>
        <lei>N/A</lei>
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          <isin value="US38860EAA64"/>
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        <curCd>USD</curCd>
        <valUSD>1003320.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452153DB2</cusip>
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          <isin value="US452153DB28"/>
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        <balance>9700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10556025.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
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          <isin value="US14054WAQ87"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>690225.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <isin value="US57585BBU17"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1115015.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <title>California School Finance Authority</title>
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          <isin value="US13058TLK42"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126688.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FSQ9</cusip>
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          <isin value="US45204FSQ99"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HILLSBOROUGH CNTY FLA INDL DEV</name>
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        <title>Hillsborough County Industrial Development Authority</title>
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          <isin value="US43233KAW45"/>
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        <curCd>USD</curCd>
        <valUSD>14901337.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399PN0</cusip>
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          <isin value="US546399PN07"/>
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        <curCd>USD</curCd>
        <valUSD>1352211.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING COR</name>
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          <isin value="US74529JQH13"/>
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        <balance>143746000.00000000</balance>
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        <valUSD>35702194.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
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          <isin value="US939783SH03"/>
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        <balance>3625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592250DB72"/>
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        <balance>3535000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>CLEVELAND-CUYAHOGA CNTY OH POR</name>
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          <isin value="US18610RCG74"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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        <name>CSCDA CMNTY IMPT AUTH CA ESSEN</name>
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          <isin value="US126292AR25"/>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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        <title>New York City Industrial Development Agency</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH CH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
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          <isin value="US13048DBB38"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QYY24"/>
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        <balance>5525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2900625.00000000</valUSD>
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      <invstOrSec>
        <name>LANCASTER CNTY PA HOSP AUTH</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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        <name>ALLEGHENY CNTY PA ARPT AUTH AR</name>
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          <isin value="US01728LHD73"/>
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        <curCd>USD</curCd>
        <valUSD>5496450.00000000</valUSD>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>VILLAGE CDD NO 15 SPL ASSMNT R</name>
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          <isin value="US92708KAD90"/>
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        <curCd>USD</curCd>
        <valUSD>1038200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592250EY66"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PORT SEATTLE WA INDL DEV CORP</name>
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          <isin value="US735385AC02"/>
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        <curCd>USD</curCd>
        <valUSD>2000720.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONONGALIA CNTY WV COMMISSION</name>
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          <isin value="US61022DAC11"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1625250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIRMINGHAM AL SPL CARE FACS FI</name>
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          <isin value="US091081DP17"/>
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        <curCd>USD</curCd>
        <valUSD>3062047.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PLR4</cusip>
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          <isin value="US74442PLR46"/>
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        <balance>2572956.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
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        <name>CALIFORNIA ST SCH FIN AUTH EDU</name>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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        <name>PORT BEAUMONT TX NAV DIST DOCK</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <name>BALTIMORE MD SPL OBLIG</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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          <isin value="US040523AF98"/>
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          <maturityDt>2050-07-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>HORACE ND</name>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SKYRIDGE PEGASUS INFRASTRUCTUR</name>
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          <isin value="US83089AAA51"/>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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          <isin value="US04052TCX19"/>
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        <name>MICHIGAN ST PUBLIC EDUCTNL FAC</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORP NY REV</name>
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          <maturityDt>2039-02-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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          <maturityDt>2048-06-01</maturityDt>
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      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
        <lei>N/A</lei>
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          <isin value="US13059TAM18"/>
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        <balance>3230000.00000000</balance>
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          <maturityDt>2048-10-01</maturityDt>
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      <invstOrSec>
        <name>CENTRL TX REGL MOBILITY AUTH R</name>
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          <isin value="US155498BE79"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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          <isin value="US04052BTA25"/>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL MF HSG REVENUE</name>
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          <isin value="US167570TL43"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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      <invstOrSec>
        <name>WESTMINSTER MD PROJ REVENUE</name>
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          <isin value="US960735AQ15"/>
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        <curCd>USD</curCd>
        <valUSD>1000800.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>INDIANA FIN AUTH EDUCTNL FACS</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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          <isin value="US45470EDM49"/>
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        <curCd>USD</curCd>
        <valUSD>4167480.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-15</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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        <name>MAINE ST FIN AUTH</name>
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          <isin value="US56042BBU08"/>
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          <maturityDt>2051-12-01</maturityDt>
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          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <maturityDt>2044-06-15</maturityDt>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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          <isin value="US04052TCT07"/>
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          <maturityDt>2054-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>JUBAN CROSSING ECON DEV DIST L</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041806WE65"/>
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      <invstOrSec>
        <name>CENTRL TX REGL MOBILITY AUTH R</name>
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          <isin value="US155498DV76"/>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TFZ84"/>
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      <invstOrSec>
        <name>TERRE HAUTE IN REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US881093AS74"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <title>California Community Choice Financing Authority</title>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QVZ26"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NORTH LAS VEGAS NV LOCAL IMPT</name>
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      <invstOrSec>
        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority</title>
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          <isin value="US400653KD21"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KANSAS CITY MO TAX INCR REVENU</name>
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        <title>City of Kansas City MO</title>
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          <isin value="US485107CX20"/>
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        <balance>3950000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority</title>
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          <isin value="US56682PBU49"/>
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        <balance>5645000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SALEM OR HOSP FAC AUTH REVENUE</name>
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        <title>Salem Hospital Facility Authority</title>
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          <isin value="US794458EY19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO IL</name>
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        <title>City of Chicago IL</title>
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          <isin value="US167486P609"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>IOWA ST FIN AUTH MIDWSTRN DISA</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
        <cusip>46246SAU9</cusip>
        <identifiers>
          <isin value="US46246SAU96"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SIERRA VISTA AZ INDL DEV AUTH</name>
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          <isin value="US82652UAX00"/>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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        <title>Louisiana Public Facilities Authority</title>
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        <title>Commonwealth of Puerto Rico</title>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>SAINT JAMES PARISH LA REVENUE</name>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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        <name>LENEXA KS HLTH CARE FAC REVENU</name>
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        <name>LOS ANGELES CA DEPT WTR &amp; PWR</name>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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        <title>Idaho Housing &amp; Finance Association</title>
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        <name>OK CNTY FIN AUTH CHRT SCH LSE</name>
        <lei>549300KPR05JUN0F1289</lei>
        <title>Oklahoma County Finance Authority</title>
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        <name>MIAMI-DADE CNTY FL INDL DEV AU</name>
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        <name>CALIFORNIA PUBLIC FIN AUTH SEN</name>
        <lei>N/A</lei>
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          <isin value="US13057GAQ29"/>
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        <valUSD>7950240.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2059-06-01</maturityDt>
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      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
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          <isin value="US38122NYL09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
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          <isin value="US041806E976"/>
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        <curCd>USD</curCd>
        <valUSD>191020.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIERRA VISTA AZ INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Sierra Vista Industrial Development Authority</title>
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          <isin value="US82652UAW27"/>
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        <curCd>USD</curCd>
        <valUSD>2509625.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLACKAMAS CNTY OR HOSP FAC AUT</name>
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        <title>Clackamas County Hospital Facility Authority</title>
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          <isin value="US179027YM31"/>
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        <curCd>USD</curCd>
        <valUSD>1003760.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505PL47"/>
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        <curCd>USD</curCd>
        <valUSD>7666699.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KALISPELL MT HSG &amp; HLTHCARE FA</name>
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          <isin value="US48342YAS00"/>
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        <balance>5420000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63608TAF7</cusip>
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          <isin value="US63608TAF75"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004660.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>93978LHH2</cusip>
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          <isin value="US93978LHH24"/>
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        <curCd>USD</curCd>
        <valUSD>6496620.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH EDU</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>130591BP4</cusip>
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          <isin value="US130591BP42"/>
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        <balance>1600000.00000000</balance>
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        <valUSD>1602624.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UTAH ST CHRT SCH FIN AUTH CHRT</name>
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        <title>Utah Charter School Finance Authority</title>
        <cusip>91754TYH0</cusip>
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          <isin value="US91754TYH03"/>
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        <balance>2200000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MOBILE AL IMPT DIST SALES TAX</name>
        <lei>N/A</lei>
        <title>Mobile Improvement District</title>
        <cusip>607155AC2</cusip>
        <identifiers>
          <isin value="US607155AC27"/>
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        <balance>1000000.00000000</balance>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>HOUSTON TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US442349HY56"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>MOBILE AL IMPT DIST SALES TAX</name>
        <lei>N/A</lei>
        <title>Mobile Improvement District</title>
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          <isin value="US607155AD00"/>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
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          <isin value="US13032UB319"/>
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        <invCountry>US</invCountry>
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        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority</title>
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          <isin value="US400653KK63"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TUSCALOOSA CNTY AL INDL DEV AU</name>
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        <balance>9440000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>RIVERDALE IL</name>
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      <invstOrSec>
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        <name>MEDFORD OR HOSP FACS AUTH REVE</name>
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          <maturityDt>2041-07-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-01</maturityDt>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-01</maturityDt>
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        <name>NEW JERSEY ST ECON DEV AUTH RE</name>
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          <maturityDt>2044-01-01</maturityDt>
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        <name>CSCDA CMNTY IMPT AUTH CA ESSEN</name>
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        <name>MARQUIS VA CMNTY DEV AUTH REVE</name>
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        <name>GLENDALE AZ INDL DEV AUTH</name>
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          <isin value="US378286HY73"/>
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        <name>IOWA ST FIN AUTH REVENUE</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority</title>
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          <isin value="US46246K2S01"/>
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        <name>FORT BEND TX INDEP SCH DIST</name>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <name>PHOENIX AZ INDL DEV AUTH EDU R</name>
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        <name>TOBACCO SECURITIZATION AUTH ST</name>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH SP</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>64578CAH4</cusip>
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          <isin value="US64578CAH43"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLENTOWN COMMERCIAL &amp; INDL DE</name>
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          <isin value="US01843AAN63"/>
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        <curCd>USD</curCd>
        <valUSD>4017640.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FNG53"/>
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        <curCd>USD</curCd>
        <valUSD>878500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EJY7</cusip>
        <identifiers>
          <isin value="US74442EJY77"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004850.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650028XL2</cusip>
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          <isin value="US650028XL24"/>
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        <balance>3640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2949310.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>FLORIDA ST DEV FIN CORP</name>
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          <isin value="US34062AAD37"/>
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        <curCd>USD</curCd>
        <valUSD>3060690.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
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          <isin value="US45528U6X43"/>
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        <curCd>USD</curCd>
        <valUSD>3266370.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
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          <isin value="US93974E5K81"/>
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        <balance>2525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2969299.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PENNSYLVANIA ST ECON DEV FINGA</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US708686DZ05"/>
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        <curCd>USD</curCd>
        <valUSD>4516785.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>MACON-BIBB CNTY GA URBAN DEV A</name>
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          <isin value="US555542NE56"/>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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          <isin value="US04052BAU89"/>
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        <name>GDB DEBT RECOVERY AUTH OF CMWL</name>
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        <title>GDB Debt Recovery Authority of Puerto Rico</title>
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          <isin value="US36829QAA31"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>CHESTER CNTY PA INDL DEV AUTHS</name>
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          <isin value="US16559PAR64"/>
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        <name>PORT OF GTR CINCINNATI DEV AUT</name>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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        <title>South Carolina Jobs-Economic Development Authority</title>
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        <name>PALOMAR HLTH CA REVENUE</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ORANGE CNTY CA CMNTY FACS DIST</name>
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          <isin value="US68423PA837"/>
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        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MONONGALIA CNTY WV COMMISSION</name>
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        <title>County of Monongalia WV</title>
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          <isin value="US61022DAB38"/>
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        <curCd>USD</curCd>
        <valUSD>966966.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VIRGIN ISLANDS PUBLIC FIN AUTH</name>
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        <title>Virgin Islands Public Finance Authority</title>
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          <isin value="US927677AA20"/>
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        <curCd>USD</curCd>
        <valUSD>3152280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>WOODBURY MN HSG &amp; REDEV AUTHRE</name>
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          <isin value="US979141AL26"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1227750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>POTTSBORO TX HGR EDU FIN CORP</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>TOBACCO SETTLEMENT FING CORP V</name>
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        <title>Tobacco Settlement Financing Corp/VA</title>
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        <balance>95170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27053975.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CHICAGO IL</name>
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        <title>City of Chicago IL</title>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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          <isin value="US04052TAX37"/>
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          <maturityDt>2054-01-01</maturityDt>
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        <name>ARKANSAS DEV FIN AUTH ENVIRONM</name>
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          <isin value="US04110FAB13"/>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>KINGSPORT TN INDL DEV BRD EXEM</name>
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          <isin value="US49644AAA43"/>
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        <name>VIRGINIA SMALL BUSINESS FING A</name>
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          <isin value="US928097AC85"/>
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        <name>BRANSON MO INDL DEV AUTH TAX I</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TUW88"/>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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          <isin value="US04052BAE48"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CELEBRATION POINTE CMNTY DEV D</name>
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        <cusip>15102HAC1</cusip>
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          <isin value="US15102HAC16"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CLACKAMAS CNTY OR HOSP FAC AUT</name>
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          <isin value="US179027YN14"/>
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        <curCd>USD</curCd>
        <valUSD>1004430.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>CSCDA CMNTY IMPT AUTH CA ESSEN</name>
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          <isin value="US126292AF86"/>
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        <curCd>USD</curCd>
        <valUSD>1147500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584Y8K8</cusip>
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          <isin value="US57584Y8K87"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEBRASKA ST INVESTMENT FIN AUT</name>
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        <title>Nebraska Investment Finance Authority</title>
        <cusip>63968M2U2</cusip>
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          <isin value="US63968M2U26"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5260050.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NDA90"/>
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        <curCd>USD</curCd>
        <valUSD>9638000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13059TBE8</cusip>
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          <isin value="US13059TBE82"/>
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        <balance>4175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4176377.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204EC30</cusip>
        <identifiers>
          <isin value="US45204EC300"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>790389.00000000</valUSD>
        <pctVal>0.022313929422</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116HW9</cusip>
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          <isin value="US650116HW99"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13472125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TUV0</cusip>
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          <isin value="US13058TUV06"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1519380.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <title>California Health Facilities Financing Authority</title>
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          <isin value="US13032UE206"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QVD14"/>
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        <balance>1260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>661500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <name>WISCONSIN HLTH EDL FACS AUTH S</name>
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        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
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          <isin value="US97671VBH78"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority</title>
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          <isin value="US928103AX82"/>
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        <balance>2750000.00000000</balance>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>GRANDVIEW MO INDL DEV AUTH TAX</name>
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        <title>Grandview Industrial Development Authority</title>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>MASSACHUSETTS ST</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts</title>
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          <isin value="US57582R5R32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
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          <isin value="US1675934T61"/>
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        <balance>3760000.00000000</balance>
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        <valUSD>4110920.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MIAMI-DADE CNTY FL INDL DEV AU</name>
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        <name>MARYLAND ST HLTH &amp; HGR EDUCTNL</name>
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        <name>SAINT LOUIS MO MUNI FIN CORP</name>
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          <isin value="US79165TPP02"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isin value="US57582RB217"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>SAN DIEGO CA TOBACCO SETTLEMEN</name>
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        <title>City of San Diego Tobacco Settlement Revenue Funding Corp</title>
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          <isin value="US797330AP29"/>
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        <curCd>USD</curCd>
        <valUSD>380291.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <title>Illinois Finance Authority</title>
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          <isin value="US45204EC557"/>
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        <curCd>USD</curCd>
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          <maturityDt>2054-05-15</maturityDt>
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        <name>VIRGINIA ST HSG DEV AUTH CMWLT</name>
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        <title>Virginia Housing Development Authority</title>
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        <balance>3500000.00000000</balance>
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        <valUSD>3677730.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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        <name>JUBAN CROSSING ECON DEV DIST L</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-15</maturityDt>
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        <name>PENNSYLVANIA ST HSG FIN AGY SF</name>
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        <title>Pennsylvania Housing Finance Agency</title>
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        <balance>5000000.00000000</balance>
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        <valUSD>5258950.00000000</valUSD>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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        <title>Louisiana Public Facilities Authority</title>
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          <isin value="US546399PS93"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
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          <isin value="US14054WAP05"/>
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        <name>GEORGIA ST HSG &amp; FIN AUTH REVE</name>
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        <title>Georgia Housing &amp; Finance Authority</title>
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        <name>BIRMINGHAM AL SPL CARE FACS FI</name>
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        <name>DOYLESTOWN PA HOSP AUTH</name>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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        <title>Idaho Housing &amp; Finance Association</title>
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        <name>ESCAMBIA CNTY FL HLTH FACS AUT</name>
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          <maturityDt>2053-10-01</maturityDt>
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        <name>BURBANK GLENDALE PASADENA CA A</name>
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        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WI HOTEL REVEN</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>PUBLIC FIN AUTH WI POOLED CHRT</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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          <isin value="US13048TWM16"/>
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        <name>CAPITAL TRUST AUTH FL CHRTR SC</name>
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          <isin value="US14054YAC57"/>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AG500"/>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
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        <name>CAMDEN CNTY NJ IMPT AUTH SCH R</name>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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        <title>Louisiana Public Facilities Authority</title>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
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        <title>Washington State Housing Finance Commission</title>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <couponKind>None</couponKind>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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      <invstOrSec>
        <name>GLENDALE AZ INDL DEV AUTH</name>
        <lei>N/A</lei>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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          <maturityDt>2056-06-01</maturityDt>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN</name>
        <lei>N/A</lei>
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          <isin value="US64542UDY73"/>
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          <maturityDt>2054-07-01</maturityDt>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
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          <isin value="US45505TR868"/>
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        <name>LOWER AL GAS DIST GAS PROJ REV</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74442PCR47"/>
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      <invstOrSec>
        <name>BURBANK IL EDUCTNL FACS REVENU</name>
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          <isin value="US12083CAB46"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MONONGALIA CNTY WV COMMISSION</name>
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        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
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        <name>NEW JERSEY ST ECON DEV AUTH SP</name>
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        <name>MONROE CNTY NY INDL DEV CORP R</name>
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        <name>OK CNTY FIN AUTH CHRT SCH LSE</name>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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        <name>RANCHO MIRAGE CA CMNTY FACS DI</name>
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          <maturityDt>2034-12-15</maturityDt>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>NATIONAL FIN AUTH NH REVENUE</name>
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        <name>UNIV OF DELAWARE DE REVENUE</name>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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          <isin value="US928103AY65"/>
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        <name>MIDTOWN MIAMI FL CDD SPL ASSMN</name>
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        <name>BLACK DESERT PUB INFRASTRUCTUR</name>
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        <name>UNIV OF TEXAS TX UNIV REVENUES</name>
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        <name>SAN BUENAVENTURA CA REDEV AGY</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>CALIFORNIA ST</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-31</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS WTR DEV BRD ST WTR IMPLE</name>
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          <isin value="US88285AGC62"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-10-15</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-06-15</maturityDt>
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        <name>ILLINOIS ST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>S ESTRN OH PORT AUTH HOSP FACS</name>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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        <name>BLYTHE TWP PA SOL WST AUTH REV</name>
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        <name>DECATUR TX HOSP AUTH</name>
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        <name>ALLEGHENY CNTY PA ARPT AUTH AR</name>
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      <invstOrSec>
        <name>UNIV OF COLORADO CO HOSP AUTH</name>
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          <maturityDt>2039-11-15</maturityDt>
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      <invstOrSec>
        <name>CALIFORNIA INFRASTRUCTURE &amp; EC</name>
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          <isin value="US13035CAA36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ALBANY NY CAPITAL RESOURCE COR</name>
        <lei>N/A</lei>
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          <isin value="US012432EB22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALHOUN CNTY TX NAVIGATION IND</name>
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        <title>Calhoun County Navigation Industrial Development Authority</title>
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          <isin value="US129729AC37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>DIRECTOR OF THE ST OF NEVADA D</name>
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          <isin value="US25490LAC19"/>
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        <curCd>USD</curCd>
        <valUSD>5042675.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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          <isin value="US13080SNN08"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST ENTERPRISE DEV A</name>
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        <title>California Enterprise Development Authority</title>
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          <isin value="US13068WAG69"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-06-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US70869PLZ89"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PIMA CNTY AZ INDL DEV AUTH EDU</name>
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        <curCd>USD</curCd>
        <valUSD>415855.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-06-15</maturityDt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648A5H44"/>
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        <balance>560000.00000000</balance>
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        <valUSD>378308.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.25000000</annualizedRt>
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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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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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        <title>Louisiana Public Facilities Authority</title>
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          <isin value="US546399SD97"/>
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        <name>DIST OF COLUMBIA TOBACCO SETTL</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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          <isin value="US74442PSG18"/>
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        <name>OK CNTY FIN AUTH CHRT SCH LSE</name>
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        <title>Oklahoma County Finance Authority</title>
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        <name>CALIFORNIA INFRASTRUCTURE &amp; EC</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <title>Metropolitan Pier &amp; Exposition Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TRL60"/>
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        <name>TOBACCO SETTLEMENT FING CORP N</name>
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          <isin value="US888808HT28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041807JU38"/>
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          <maturityDt>2049-06-15</maturityDt>
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      <invstOrSec>
        <name>FOUNTAIN CO URBAN RENEWAL AUTH</name>
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        <title>Fountain Urban Renewal Authority</title>
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          <isin value="US35069WAD56"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>ONONDAGA NY CIVIC DEV CORP</name>
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          <isin value="US682832KH24"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AEROTROPOLIS REGL TRANPRTN AUT</name>
        <lei>N/A</lei>
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          <isin value="US008051AD63"/>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>BIRMINGHAM AL SPL CARE FACS FI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>UTAH ST CHRT SCH FIN AUTH CHRT</name>
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        <name>GEO L SMITH II GA CONGRESS CTR</name>
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        <name>WASHINGTON ST ECON DEV FIN AUT</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QA696"/>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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        <name>JEFFERSON CNTY WA PUB HOSP DIS</name>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>LEES SUMMIT MO INDL DEV AUTH I</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
        <cusip>64542UGG3</cusip>
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          <isin value="US64542UGG31"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MOBILE CNTY AL INDL DEV AUTH S</name>
        <lei>N/A</lei>
        <title>Mobile County Industrial Development Authority</title>
        <cusip>60733UAA9</cusip>
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          <isin value="US60733UAA97"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3056940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY PA INDL DEV AU</name>
        <lei>N/A</lei>
        <title>Montgomery County Industrial Development Authority/PA</title>
        <cusip>613609B96</cusip>
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          <isin value="US613609B960"/>
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        <balance>6250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6012562.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>65000BW38</cusip>
        <identifiers>
          <isin value="US65000BW384"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3442620.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TQG8</cusip>
        <identifiers>
          <isin value="US13058TQG84"/>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1682536.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HSG &amp; ECON DEV AU</name>
        <lei>N/A</lei>
        <title>Wisconsin Housing &amp; Economic Development Authority Housing Revenue</title>
        <cusip>9769042L5</cusip>
        <identifiers>
          <isin value="US9769042L53"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>806817.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TRD4</cusip>
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          <isin value="US13058TRD45"/>
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        <balance>995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023994.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712JJX2</cusip>
        <identifiers>
          <isin value="US97712JJX28"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2855627.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116GY6</cusip>
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          <isin value="US650116GY64"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10916800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH LAS VEGAS NV LOCAL IMPT</name>
        <lei>N/A</lei>
        <title>City of North Las Vegas NV</title>
        <cusip>66041HHM9</cusip>
        <identifiers>
          <isin value="US66041HHM97"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757478.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>Metropolitan Pier &amp; Exposition Authority</title>
        <cusip>592250DM3</cusip>
        <identifiers>
          <isin value="US592250DM38"/>
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        <balance>4135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4286919.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TRN2</cusip>
        <identifiers>
          <isin value="US13058TRN27"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2439587.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTMINSTER MD PROJ REVENUE</name>
        <lei>N/A</lei>
        <title>City of Westminster MD</title>
        <cusip>960735AS7</cusip>
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          <isin value="US960735AS70"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2500950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DALLAS TX HSG FIN CORP RSDL DE</name>
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        <title>City of Dallas Housing Finance Corp</title>
        <cusip>23529CAA5</cusip>
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          <isin value="US23529CAA53"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>MONROE CNTY NY INDL DEV CORP R</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp/NY</title>
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          <isin value="US61075TXV50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PLS2</cusip>
        <identifiers>
          <isin value="US74442PLS29"/>
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        <balance>2576272.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2375245.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp</title>
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        <identifiers>
          <isin value="US38122NB843"/>
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        <balance>355550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39917598.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp</title>
        <cusip>71883MQB3</cusip>
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          <isin value="US71883MQB36"/>
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        <balance>1555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1262286.80000000</valUSD>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>WESTCHESTER CNTY NY LOCAL DEV</name>
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        <name>NATIONAL FIN AUTH NH REVENUE</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>HENRICO CNTY VA ECON DEV AUTH</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA SCH FIN AUTH SCH FA</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13059TBD0</cusip>
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          <isin value="US13059TBD00"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>830290.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE CNTY GA DEV AUTH REVEN</name>
        <lei>N/A</lei>
        <title>Fayette County Development Authority</title>
        <cusip>31222PAW1</cusip>
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          <isin value="US31222PAW14"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2178560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL TRUST AGY FL EDUCTNL F</name>
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        <title>Capital Trust Agency Inc</title>
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          <isin value="US14054CCV90"/>
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        <balance>3625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3629930.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST THRUWAY AUTH GEN R</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650010CQ2</cusip>
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          <isin value="US650010CQ24"/>
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        <balance>3410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2719952.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PORT BEAUMONT TX NAV DIST DOCK</name>
        <lei>549300G8PKBXALUKJY33</lei>
        <title>Port of Beaumont Navigation District</title>
        <cusip>73360CAR5</cusip>
        <identifiers>
          <isin value="US73360CAR51"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2080460.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH INDL</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
        <cusip>04108WCE0</cusip>
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          <isin value="US04108WCE03"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11057700.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
        <cusip>4423487S1</cusip>
        <identifiers>
          <isin value="US4423487S16"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3010350.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDAHO ST HLTH FACS AUTH REVENU</name>
        <lei>549300X43KY1C2WW0J97</lei>
        <title>Idaho Health Facilities Authority</title>
        <cusip>451295C98</cusip>
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          <isin value="US451295C987"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1969580.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUILDERLAND NY INDL DEV AGY AS</name>
        <lei>N/A</lei>
        <title>Guilderland Industrial Development Agency</title>
        <cusip>40175RAA3</cusip>
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          <isin value="US40175RAA32"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3300000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH CH</name>
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        <title>California Municipal Finance Authority</title>
        <cusip>13048DBR8</cusip>
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          <isin value="US13048DBR89"/>
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        <balance>2145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2146501.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH LTD OBLIG</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>594479AH0</cusip>
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          <isin value="US594479AH05"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1520106.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.90000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST EDUCTNL &amp; CULTURAL</name>
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        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
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          <isin value="US19645RY625"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3011370.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152P21</cusip>
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          <isin value="US452152P213"/>
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        <balance>4600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4812934.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SALT VERDE AZ FINANCIAL CORP S</name>
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        <title>Salt Verde Financial Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI MF HSG REVE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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        <valUSD>5068592.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129GCN3</cusip>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>597326.45000000</valUSD>
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        <title>Connecticut Housing Finance Authority</title>
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      <invstOrSec>
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      <invstOrSec>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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          <isin value="US65821DWL18"/>
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          <maturityDt>2049-11-01</maturityDt>
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          <maturityDt>2053-09-01</maturityDt>
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        <name>DOYLESTOWN PA HOSP AUTH</name>
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          <isin value="US261333HJ08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ED</name>
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          <isin value="US130497AW07"/>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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          <isin value="US546399SZ00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>LAKESIDE 370 MO LEVEE DIST-SUB</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>PORT OF SEATTLE WA REVENUE</name>
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        <name>PAYNE CNTY OK ECON DEV AUTH RE</name>
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          <maturityDt>2051-11-01</maturityDt>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>ILLINOIS ST</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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          <isin value="US13048VBY39"/>
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        <name>FLORIDA ST DEV FIN CORP</name>
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        <name>DIST OF COLUMBIA REVENUE</name>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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        <name>MARQUIS VA CMNTY DEV AUTH REVE</name>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
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          <maturityDt>2062-07-01</maturityDt>
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        <debtSec>
          <maturityDt>2048-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>INDIANA ST FIN AUTH EXEMPT FAC</name>
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          <isin value="US45470DAA54"/>
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        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRI</name>
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          <maturityDt>2053-01-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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          <isin value="US34062AAE10"/>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>APPLE VLY MN SENIOR LIVING REV</name>
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        <name>NEW HOPE CULTURAL ED FACS FIN</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>PUERTO RICO SALES TAX FING COR</name>
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        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <name>CO HIGH PERFORMANCE TRANSPRTN</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>BEXAR CNTY TX HLTH FACS DEV CO</name>
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        <name>SUFFOLK REGL OFF-TRACK BETTING</name>
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      <invstOrSec>
        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <curCd>USD</curCd>
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          <annualizedRt>6.50000000</annualizedRt>
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          <isin value="US65830UAW27"/>
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        <curCd>USD</curCd>
        <valUSD>1853363.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>FOOTHILL ESTRN TRANSPRTN CORRI</name>
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          <isin value="US345105GT12"/>
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        <curCd>USD</curCd>
        <valUSD>2749376.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-15</maturityDt>
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          <annualizedRt>3.95000000</annualizedRt>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <title>California School Finance Authority</title>
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          <isin value="US13058TTM26"/>
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        <curCd>USD</curCd>
        <valUSD>1568190.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BRIDGEVILLE DE SPL OBLIG</name>
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          <isin value="US108588AP93"/>
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        <balance>1535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1629985.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAINT LOUIS CNTY MO INDL DEV A</name>
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        <title>St Louis County Industrial Development Authority</title>
        <cusip>79130GHH7</cusip>
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          <isin value="US79130GHH74"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>598968.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SALT VERDE AZ FINANCIAL CORP S</name>
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          <isin value="US79575EAP34"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1115425.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
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        <title>Public Finance Authority</title>
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          <isin value="US74442EDY32"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>NORTHAMPTON CNTY PA INDL DEV A</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <balance>5150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-01</maturityDt>
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        <name>NEW JERSEY ST ECON DEV AUTH RE</name>
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          <isin value="US64577B7A67"/>
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        <name>MIDA GOLF &amp; EQUESTRIAN CTR PUB</name>
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        <name>SAN FRANCISCO CALIF CITY &amp;CNTY</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>LAKE CNTY FLA RETMNT FAC REVEN</name>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
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          <isin value="US93978LGR15"/>
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          <maturityDt>2063-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERVE MET DIST #1 CO</name>
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        <title>Verve Metropolitan District No 1</title>
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          <isin value="US92538YAE32"/>
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        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH INDL</name>
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        <title>Arkansas Development Finance Authority</title>
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          <isin value="US04108WCF77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
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          <isin value="US66285WHF68"/>
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        <valUSD>6107550.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HENDERSON NV LOCAL IMPT DISTS</name>
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          <isin value="US425208WE15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority</title>
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          <isin value="US64972GZF44"/>
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        <balance>5800000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>NATIONAL FIN AUTH NH REVENUE</name>
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        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63607YAF79"/>
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        <name>UPPER DAUPHIN PA INDL DEV AUTH</name>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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        <name>CALIFORNIA ST CMNTY CLG FING A</name>
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        <name>TOBACCO SETTLEMENT FING CORP V</name>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TUU23"/>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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        <name>CHICAGO IL</name>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>IDAHO ST HLTH FACS AUTH REVENU</name>
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        <title>Idaho Health Facilities Authority</title>
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          <isin value="US451295D225"/>
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        <name>SEMINOLE CNTY FL INDL DEV AUTH</name>
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          <isin value="US81669TAB44"/>
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          <maturityDt>2039-11-15</maturityDt>
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        <name>WHITING IN REDEV DIST TAX INCR</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
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          <isin value="US882667AN81"/>
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        <name>KENT CNTY DE STUDENT HSG &amp; DIN</name>
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        <name>PRINCE GEORGES CNTY MD REVENUE</name>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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        <name>PENNSYLVANIA ST HSG FIN AGY SF</name>
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        <title>Pennsylvania Housing Finance Agency</title>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
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        <name>DENVER CITY &amp; CNTY CO ARPT REV</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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          <isin value="US91588XAM83"/>
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          <maturityDt>2063-03-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA PUBLIC WKS</name>
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          <isin value="US54473EVS08"/>
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        <curCd>USD</curCd>
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          <isin value="US57583RWD33"/>
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        <name>CONROE TX INDEP SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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      <invstOrSec>
        <name>LAS VEGAS NV SPL ASSMNT DIST #</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GK371"/>
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        <curCd>USD</curCd>
        <valUSD>11462250.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041807JW9</cusip>
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          <isin value="US041807JW93"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000330.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST POLL CONTROL FIN</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority</title>
        <cusip>130536RM9</cusip>
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          <isin value="US130536RM94"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21600.00000000</valUSD>
        <pctVal>0.000609802104</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>STONE CANYON MO CMNTY IMPT DIS</name>
        <lei>N/A</lei>
        <title>Stone Canyon Community Improvement District</title>
        <cusip>861585AH0</cusip>
        <identifiers>
          <isin value="US861585AH09"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>350000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST HSG FIN &amp; DE</name>
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        <title>South Carolina State Housing Finance &amp; Development Authority</title>
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          <isin value="US83712D3Z76"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1483118.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</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>
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      <invstOrSec>
        <name>SALT VERDE AZ FINANCIAL CORP S</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>Salt Verde Financial Corp</title>
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          <isin value="US79575EAN85"/>
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        <balance>2235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2350683.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QYA4</cusip>
        <identifiers>
          <isin value="US74526QYA48"/>
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        <balance>5330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2798250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
        <cusip>649519DD4</cusip>
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          <isin value="US649519DD42"/>
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        <balance>7250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7257975.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
        <cusip>83704MCR5</cusip>
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          <isin value="US83704MCR51"/>
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        <balance>1830000.00000000</balance>
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        <valUSD>1906622.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CONLEY ROAD TRANSPRTN DEV DIST</name>
        <lei>N/A</lei>
        <title>Conley Road Transportation Development District</title>
        <cusip>207380AC0</cusip>
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          <isin value="US207380AC07"/>
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        <balance>6655000.00000000</balance>
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        <valUSD>6668775.85000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>HOOVER AL INDL DEV BRD ENVNMNT</name>
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        <title>Hoover Industrial Development Board</title>
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          <isin value="US439241AA80"/>
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        <balance>10250000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
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          <isin value="US83704MCQ78"/>
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        <balance>940000.00000000</balance>
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        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
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          <isin value="US97712D4D59"/>
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        <valUSD>7717637.00000000</valUSD>
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        <name>ILLINOIS ST HSG DEV AUTH MF HS</name>
        <lei>54930053Z6M9JVHBQZ16</lei>
        <title>Illinois Housing Development Authority</title>
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          <isin value="US45203LCJ08"/>
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        <name>MICHIGAN ST STRATEGIC FUND LTD</name>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2110592.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KIRKWOOD MO INDL DEV AUTH RETM</name>
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          <isin value="US497609BD80"/>
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        <curCd>USD</curCd>
        <valUSD>8070660.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <maturityDt>2025-06-15</maturityDt>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
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          <maturityDt>2048-06-15</maturityDt>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MET NASHVILLE TN ARPT AUTH ARP</name>
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          <maturityDt>2052-07-01</maturityDt>
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        <name>MATCHING FUND SPL PURPOSE SECU</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Iowa Finance Authority</title>
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        <name>CAPITAL TRUST AUTH FL CHRTR SC</name>
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          <isin value="US764709AH48"/>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
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          <isin value="US041807GC66"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>PIMA CNTY AZ INDL DEV AUTH EDU</name>
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          <isin value="US72177MPT89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-15</maturityDt>
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      <invstOrSec>
        <name>HONOLULU CITY &amp; CNTY HI WSTWTR</name>
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          <isin value="US4387014H42"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <title>New York Transportation Development Corp</title>
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          <isin value="US650116FN19"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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        <title>Indianapolis Local Public Improvement Bond Bank</title>
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          <isin value="US45528U6Y26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-03-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <title>Public Finance Authority</title>
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          <isin value="US744396JZ62"/>
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        <balance>1200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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          <isin value="US64542PCK93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
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        <name>INDIANA ST FIN AUTH STUDENT HS</name>
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        <title>Indiana Finance Authority</title>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <name>HOMEWOOD AL EDUCTNL BLDG AUTH</name>
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        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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        <title>Louisiana Public Facilities Authority</title>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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        <debtSec>
          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FIN AUTH NH REVENUE</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63607YAG5</cusip>
        <identifiers>
          <isin value="US63607YAG52"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2012060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048TSY0</cusip>
        <identifiers>
          <isin value="US13048TSY00"/>
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        <balance>1295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1060734.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA ST PUBLIC FACS AUTHS</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>54640TAH2</cusip>
        <identifiers>
          <isin value="US54640TAH23"/>
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        <balance>1976705.27000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19.77000000</valUSD>
        <pctVal>0.000000558138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH LEASE</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Industrial Development Authority of the City of Phoenix Arizona/The</title>
        <cusip>71885MAQ5</cusip>
        <identifiers>
          <isin value="US71885MAQ50"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>963710.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust VI</title>
        <cusip>64945JAF9</cusip>
        <identifiers>
          <isin value="US64945JAF93"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>931330.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TRM4</cusip>
        <identifiers>
          <isin value="US13058TRM44"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1314040.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</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>
        <name>GEORGIA ST HSG &amp; FIN AUTH REVE</name>
        <lei>549300I628IMF9PWV724</lei>
        <title>Georgia Housing &amp; Finance Authority</title>
        <cusip>37353PLV9</cusip>
        <identifiers>
          <isin value="US37353PLV93"/>
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        <balance>1615000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1687836.50000000</valUSD>
        <pctVal>0.047650289334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
        <cusip>4423485T1</cusip>
        <identifiers>
          <isin value="US4423485T17"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2018860.00000000</valUSD>
        <pctVal>0.056995605395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712D7D2</cusip>
        <identifiers>
          <isin value="US97712D7D23"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2387340.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LODI CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Lodi Unified School District/CA</title>
        <cusip>540261LY8</cusip>
        <identifiers>
          <isin value="US540261LY89"/>
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        <balance>2750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2404435.00000000</valUSD>
        <pctVal>0.067880996433</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>65000B7Y8</cusip>
        <identifiers>
          <isin value="US65000B7Y87"/>
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        <balance>5250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5889187.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>744396JG8</cusip>
        <identifiers>
          <isin value="US744396JG81"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580976.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>Indiana Housing &amp; Community Development Authority</title>
        <cusip>45505TR78</cusip>
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          <isin value="US45505TR785"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1566435.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>YAMHILL CNTY OR HOSP AUTH</name>
        <lei>N/A</lei>
        <title>Yamhill County Hospital Authority</title>
        <cusip>98464UAY2</cusip>
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          <isin value="US98464UAY29"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1385760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ALLENTOWN COMMERCIAL &amp; INDL DE</name>
        <lei>N/A</lei>
        <title>Allentown Commercial and Industrial Development Authority</title>
        <cusip>01843AAM8</cusip>
        <identifiers>
          <isin value="US01843AAM80"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1008730.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WYANDOTTE CNTY KS KANSAS CITY</name>
        <lei>N/A</lei>
        <title>Wyandotte County-Kansas City Unified Government</title>
        <cusip>98267VDG5</cusip>
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          <isin value="US98267VDG59"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2921130.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ILLINOIS ST FIN AUTH EDUCTNL F</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>452029AD3</cusip>
        <identifiers>
          <isin value="US452029AD39"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1400504.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</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>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
        <lei>N/A</lei>
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          <isin value="US04052BAT17"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI HGR EDU FAC</name>
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          <isin value="US74445FAC86"/>
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          <maturityDt>2039-12-01</maturityDt>
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      <invstOrSec>
        <name>MONTGOMERY CNTY PA INDL DEV AU</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
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      <invstOrSec>
        <name>ATLANTA GA DEV AUTH</name>
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          <isin value="US04780NMX20"/>
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        <curCd>USD</curCd>
        <valUSD>5198450.00000000</valUSD>
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          <maturityDt>2039-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505TH98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK CITY NY HSG DEV CORP</name>
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        <title>New York City Housing Development Corp</title>
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          <isin value="US64966WHK62"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-01</maturityDt>
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          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
        <lei>N/A</lei>
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          <isin value="US04052TCU79"/>
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        <balance>2500000.00000000</balance>
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        <valUSD>450000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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        <valUSD>741000.00000000</valUSD>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SOUTH JERSEY NJ PORT CORP</name>
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        <name>SAINT LOUIS CNTY MO INDL DEV A</name>
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        <title>St Louis County Industrial Development Authority</title>
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        <name>MAINE ST HSG AUTH MTGE PURCHAS</name>
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        <name>ALBANY NY CAPITAL RESOURCE COR</name>
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        <name>LEE CNTY FL ARPT REVENUE</name>
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        <name>ARIZONA ST INDL DEV AUTH ECON</name>
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        <name>ILLINOIS ST FIN AUTH CHRT SCHR</name>
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        <title>Illinois Finance Authority</title>
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          <maturityDt>2047-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
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        <title>Allentown Neighborhood Improvement Zone Development Authority</title>
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          <isin value="US018444CE73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
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        <title>Kentucky Public Energy Authority</title>
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          <isin value="US74440DFC39"/>
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        <curCd>USD</curCd>
        <valUSD>3767645.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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        <title>State of Illinois</title>
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          <isin value="US452152A504"/>
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        <curCd>USD</curCd>
        <valUSD>1211312.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KALISPELL MT HSG &amp; HLTHCARE FA</name>
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          <isin value="US48342YAR27"/>
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        <curCd>USD</curCd>
        <valUSD>1343891.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048TP499"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502925.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SM848"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2176500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <title>Housing &amp; Redevelopment Authority of The City of St Paul Minnesota</title>
        <cusip>852297AS9</cusip>
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          <isin value="US852297AS95"/>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2357350.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL INDL DEV AU</name>
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        <title>Miami-Dade County Industrial Development Authority</title>
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        <identifiers>
          <isin value="US59333EDL48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004990.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
        <cusip>167486E39</cusip>
        <identifiers>
          <isin value="US167486E397"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>793492.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BUILD NYC RESOURCE CORP NY REV</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp</title>
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          <isin value="US12008ETX49"/>
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        <balance>1265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1328806.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PCQ6</cusip>
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          <isin value="US74442PCQ63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
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        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
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          <isin value="US97712JJT16"/>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63608TAC45"/>
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        <name>NASSAU CNTY NY INDL DEV AGY CC</name>
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        <title>Nassau County Industrial Development Agency</title>
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          <isin value="US63166UAS06"/>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp</title>
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          <isin value="US87638RJE80"/>
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        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>ST LOUIS CNTY MO INDL DEV AUTH</name>
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        <title>St Louis County Industrial Development Authority</title>
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          <isin value="US79152TAG13"/>
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        <balance>3540000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEMPE AZ INDL DEV AUTH REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US87972MAY84"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH ST</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California</title>
        <cusip>888804BB6</cusip>
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          <isin value="US888804BB69"/>
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        <curCd>USD</curCd>
        <valUSD>1597630.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <title>California Community Choice Financing Authority</title>
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          <isin value="US13013JEA07"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5425200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH LEASE</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Industrial Development Authority of the City of Phoenix Arizona/The</title>
        <cusip>71885MAR3</cusip>
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          <isin value="US71885MAR34"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1226199.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442ELL2</cusip>
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          <isin value="US74442ELL29"/>
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        <balance>3885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4091565.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST URBAN DEV CORP REV</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp</title>
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          <isin value="US650036AQ91"/>
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        <curCd>USD</curCd>
        <valUSD>2693611.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
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          <isin value="US650116GZ30"/>
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        <balance>3650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3793262.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BHW7</cusip>
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          <isin value="US04052BHW72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1018330.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP V</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp/VA</title>
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          <isin value="US88880NAT63"/>
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        <balance>10665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9133079.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70600000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ERIE CNTY NY TOBACCO ASSET SEC</name>
        <lei>N/A</lei>
        <title>Erie Tobacco Asset Securitization Corp</title>
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          <isin value="US295095BM47"/>
          <other otherDesc="SEDOL" value="BH3MD68"/>
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        <balance>196565000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-01</maturityDt>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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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>2028-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>INLAND EMPIRE CA TOBACCO SECUR</name>
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        <title>Inland Empire Tobacco Securitization Corp</title>
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          <isin value="US45734TAH77"/>
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        <valUSD>26286386.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709225EA09"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>PENNSYLVANIA ST HSG FIN AGY SF</name>
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        <title>Pennsylvania Housing Finance Agency</title>
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        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
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        <name>COBB CNTY GA DEV AUTH CHARTERS</name>
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        <title>Development Authority of Cobb County/The</title>
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          <isin value="US190779AJ72"/>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399KY1</cusip>
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          <isin value="US546399KY17"/>
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          <maturityDt>2060-06-01</maturityDt>
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        <name>NORTH LAS VEGAS NV LOCAL IMPT</name>
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        <title>City of North Las Vegas NV</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LAS VEGAS NV SPL ASSMNT DIST #</name>
        <lei>N/A</lei>
        <title>City of Las Vegas NV Special Improvement District No 817</title>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP V</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp/VA</title>
        <cusip>88880NAX7</cusip>
        <identifiers>
          <isin value="US88880NAX75"/>
        </identifiers>
        <balance>179085000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49807120.20000000</valUSD>
        <pctVal>1.406133644139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>63608TAB6</cusip>
        <identifiers>
          <isin value="US63608TAB61"/>
        </identifiers>
        <balance>6825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6829641.00000000</valUSD>
        <pctVal>0.192811548809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARQUIS VA CMNTY DEV AUTH REVE</name>
        <lei>N/A</lei>
        <title>Marquis Community Development Authority of York County Virginia</title>
        <cusip>57161CAF5</cusip>
        <identifiers>
          <isin value="US57161CAF59"/>
        </identifiers>
        <balance>859000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300650.00000000</valUSD>
        <pctVal>0.008487824198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INLAND EMPIRE CA TOBACCO SECUR</name>
        <lei>N/A</lei>
        <title>Inland Empire Tobacco Securitization Corp</title>
        <cusip>45734TAG9</cusip>
        <identifiers>
          <isin value="US45734TAG94"/>
        </identifiers>
        <balance>383610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28962555.00000000</valUSD>
        <pctVal>0.817658656878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH LTD OBLIG</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>594479AJ6</cusip>
        <identifiers>
          <isin value="US594479AJ60"/>
        </identifiers>
        <balance>3900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3900156.00000000</valUSD>
        <pctVal>0.110107561870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENNESSEE ST ENERGY ACQUISITIO</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>Tennessee Energy Acquisition Corp</title>
        <cusip>880443EE2</cusip>
        <identifiers>
          <isin value="US880443EE26"/>
        </identifiers>
        <balance>2940000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2995066.20000000</valUSD>
        <pctVal>0.084555447761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
        <cusip>83704HAM9</cusip>
        <identifiers>
          <isin value="US83704HAM97"/>
        </identifiers>
        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2421202.50000000</valUSD>
        <pctVal>0.068354369432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH STUDE</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Industrial Development Authority of the City of Phoenix Arizona/The</title>
        <cusip>71885DDH2</cusip>
        <identifiers>
          <isin value="US71885DDH26"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1020060.00000000</valUSD>
        <pctVal>0.028797904381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHAMPTON CNTY PA INDL DEV A</name>
        <lei>N/A</lei>
        <title>Northampton County Industrial Development Authority</title>
        <cusip>663562AA4</cusip>
        <identifiers>
          <isin value="US663562AA45"/>
        </identifiers>
        <balance>1655000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1658078.30000000</valUSD>
        <pctVal>0.046810168363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIST OF COLUMBIA TOBACCO SETTL</name>
        <lei>N/A</lei>
        <title>District of Columbia Tobacco Settlement Financing Corp</title>
        <cusip>254842BE6</cusip>
        <identifiers>
          <isin value="US254842BE65"/>
        </identifiers>
        <balance>262500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25824750.00000000</valUSD>
        <pctVal>0.729073467421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHERRY HILL VA CMNTY DEV AUTHS</name>
        <lei>N/A</lei>
        <title>Cherry Hill Community Development Authority</title>
        <cusip>164631AC7</cusip>
        <identifiers>
          <isin value="US164631AC72"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2002700.00000000</valUSD>
        <pctVal>0.056539383080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NASSAU CNTY NY TOBACCO SETTLEM</name>
        <lei>N/A</lei>
        <title>Nassau County Tobacco Settlement Corp</title>
        <cusip>63166MCB3</cusip>
        <identifiers>
          <isin value="US63166MCB37"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9011000.00000000</valUSD>
        <pctVal>0.254394757545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974E2F2</cusip>
        <identifiers>
          <isin value="US93974E2F24"/>
        </identifiers>
        <balance>5250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6004425.00000000</valUSD>
        <pctVal>0.169514398188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN HLTH EDL FACS AUTH S</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97671VBP9</cusip>
        <identifiers>
          <isin value="US97671VBP94"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>891200.00000000</valUSD>
        <pctVal>0.025159983123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</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>
