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      <invstOrSec>
        <name>ILLINOIS FIN AUTH HEALTH SVCS FAC LEASE REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP DISTR REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
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        <title>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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          <isin value="US041806XA35"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US45471CAY49"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SPOKANE CNTY WASH ARPT REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SPOKANE WA AIRPORT REVENUE</title>
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          <isin value="US848661JV71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY ECONOMIC DEV FIN AUTH LOUISVILLE ARENA PROJ</name>
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        <name>PASCO CNTY FLA CAP IMPT CIG TAX ALLOCATION</name>
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        <name>PUBLIC FIN AUTH WIS HEALTHCARE FACS REV</name>
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        <name>TAMPA FLA HSG AUTH MULTIFAMILY HSG REV</name>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV</name>
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        <name>OKLAHOMA ST MUN PWR AUTH PWR SUPPLY SYS REV</name>
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        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LUCAS CNTY OHIO HOSP REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WINROCK TOWN CTR TAX INCREMENTDEV DIST 1 N MEX GROSS RCPTS TAX INCREM</name>
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          <isin value="US97535RAG56"/>
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        <isRestrictedSec>Y</isRestrictedSec>

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      <invstOrSec>
        <name>FLORIDA DEV FIN CORP EDL FACS REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OHIO ST HIGHER EDL FAC COMMN  REV</name>
        <lei>N/A</lei>
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          <isin value="US67756DS805"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA REV</name>
        <lei>N/A</lei>
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          <isin value="US25483VVP65"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DOWNRIVER UTIL WASTEWATER AUTH MICH SWR SYS REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV</name>
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        <title>UTAH CHARTER SCHOOL FINANCE AUTHORITY</title>
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          <isin value="US91754TH635"/>
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        <valUSD>1216785.24000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV</name>
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          <isin value="US65821DXT35"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IOWA FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US46246K4S82"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2043-05-15</maturityDt>
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        <name>KENTUCKY BD DEV CORP EDL FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO ILL MIDWAY ARPT REV</name>
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        <title>CHICAGO MIDWAY INTERNATIONAL AIRPORT</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-01</maturityDt>
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        <name>MAIN STR NAT GAS INC GA GAS SUPPLY REV</name>
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        <name>CHESTER CNTY PA INDL DEV AUTH REV</name>
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        <name>NEW YORK TRANSN DEV CORP SPL FAC REV</name>
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        <name>ALLEGHENY CNTY PA SAN AUTH SWR REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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      <invstOrSec>
        <name>ALACHUA CNTY FLA HEALTH FACS AUTH CONTINUING CARE RETIREMENT CMNTY REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BK SPEARS/LIFERS TR VAR STS</name>
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          <isin value="US25156SGB79"/>
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        <valUSD>300000.00000000</valUSD>
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      <invstOrSec>
        <name>SKAGIT CNTY WASH PUB HOSP DIST NO 001 REV</name>
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      <invstOrSec>
        <name>LANCASTER PA INDL DEV AUTH HEALTH CTR REV</name>
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          <isin value="US51434NAS71"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2051-07-01</maturityDt>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
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          <isin value="US04109HBD52"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>PARAMOUNT CALIF UNI SCH DIST</name>
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          <isin value="US699211HT87"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1722607.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NEBRASKA EDL HEALTH CULTURAL &amp; SOCIAL SVCS FIN AUTH REV</name>
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        <title>IMMANUEL RETIREMENT OBLIG</title>
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          <isin value="US63967UAJ16"/>
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        <balance>7500000.00000000</balance>
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        <valUSD>5992227.17000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV</name>
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          <isin value="US38611TCC99"/>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PINAL CNTY ARIZ ELECTRICAL DIST NO 3 ELEC SYS REV</name>
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          <isin value="US722021CH37"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
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      <invstOrSec>
        <name>ST JOHNS CNTY FLA INDL DEV AUTH REV</name>
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          <isin value="US790417AR02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST URBAN DEV CORP REV</name>
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        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH RETIREMENT CMNTY REV</name>
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        <name>PUBLIC FIN AUTH WIS RETIREMENT FAC REV</name>
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        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
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        <name>ALLEGHENY CNTY PA</name>
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      <invstOrSec>
        <name>CARSON CITY NEV HOSP REV</name>
        <lei>N/A</lei>
        <title>CITY OF CARSON CITY NV</title>
        <cusip>145810DV6</cusip>
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        <curCd>USD</curCd>
        <valUSD>2551781.58000000</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>2047-09-01</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>BUILD NYC RESOURCE CORP N Y REV</name>
        <lei>N/A</lei>
        <title>BUILD NYC RESOURCE CORP</title>
        <cusip>12008EWQ5</cusip>
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          <isin value="US12008EWQ50"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>722366.51000000</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>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>INDIANA HOUSING COMMUNITY DEVELOPMENT AUTHORITY</title>
        <cusip>45505WBZ6</cusip>
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          <isin value="US45505WBZ68"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1800465.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RHODE ISLAND HSG &amp; MTG FIN CORP</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND HOUSING MORTGAGE FINANCE CORP</title>
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          <isin value="US76221SHL88"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>941120.99000000</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>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QV91</cusip>
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          <isin value="US70879QV913"/>
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        <curCd>USD</curCd>
        <valUSD>500152.44000000</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>5.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONTANA FAC FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>MONTANA FACILITY FINANCE AUTHORITY</title>
        <cusip>61204KPU9</cusip>
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          <isin value="US61204KPU96"/>
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        <valUSD>168833.16000000</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>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROSEMONT ILL</name>
        <lei>N/A</lei>
        <title>VILLAGE OF ROSEMONT IL</title>
        <cusip>777543WW5</cusip>
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          <isin value="US777543WW52"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10030675.51000000</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>2046-12-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EVANSVILLE IND REDEV AUTH REDEV LEASE RENT</name>
        <lei>N/A</lei>
        <title>EVANSVILLE REDEVELOPMENT AUTHORITY</title>
        <cusip>299398CJ4</cusip>
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          <isin value="US299398CJ47"/>
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        <balance>5540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5292478.17000000</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>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REV</name>
        <lei>N/A</lei>
        <title>CITY OF SHREVEPORT LA WATER SEWER REVENUE</title>
        <cusip>825485XQ3</cusip>
        <identifiers>
          <isin value="US825485XQ31"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825293.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CUYAHOGA CNTY OHIO HOSP REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF CUYAHOGA OH</title>
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          <isin value="US2322655R50"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
        <lei>N/A</lei>
        <title>LEE COUNTY FLORIDA INDUSTRIAL DEV AUTHORITY</title>
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          <isin value="US52349EDX58"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US45204FN502"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2041-02-15</maturityDt>
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        <name>SAN YSIDRO CALIF SCH DIST</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>MANHATTAN KANS HEALTH CARE FAC REV</name>
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          <isin value="US563017EF56"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NEWARK N J MASS TRAN ACCESS TAX REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SIERRA VISTA ARIZ INDL DEV AUTH ED FAC REV</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

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          <maturityDt>2053-06-15</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y REVS</name>
        <lei>N/A</lei>
        <title>TRIBOROUGH BRIDGE TUNNEL AUTHORITY</title>
        <cusip>89602NG24</cusip>
        <identifiers>
          <isin value="US89602NG247"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>2359061.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204FRX5</cusip>
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          <isin value="US45204FRX59"/>
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        <valUSD>935837.81000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO EDUCATIONAL CULTURAL FACILITIES AUTHORI</title>
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        <identifiers>
          <isin value="US19645UPV07"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>2606027.76000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QN82</cusip>
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          <isin value="US70879QN829"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1878498.69000000</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>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DEL MAR TEX COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>DEL MAR COLLEGE DISTRICT</title>
        <cusip>245176GZ9</cusip>
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          <isin value="US245176GZ93"/>
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        <balance>6500000.00000000</balance>
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        <valUSD>6503980.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV</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>500000.00000000</balance>
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        <valUSD>454179.65000000</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>2054-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>LOS ALAMITOS CALIF UNI SCH DIST CTFS PARTN</name>
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          <isin value="US544204DW75"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4338778.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH HEALTH FACS REV</name>
        <lei>N/A</lei>
        <title>HEALTH EDUCATIONAL FACILITIES AUTHORITY OF THE S</title>
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          <isin value="US60637AUE09"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339924.79000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>TEXAS ST TPK AUTH CENT TEX TPK SYS REV</name>
        <lei>N/A</lei>
        <title>CENTRAL TEXAS TURNPIKE SYSTEM</title>
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          <isin value="US882762AU11"/>
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        <balance>18530000.00000000</balance>
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        <valUSD>15982805.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
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          <isin value="US59334KJQ22"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5005781.94000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV</name>
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          <isin value="US139404FK82"/>
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        <valUSD>1644274.06000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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          <isin value="US97712JDS96"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US156792FK45"/>
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        <name>WASHINGTON ST HSG FIN COMMN NONPROFIT REV</name>
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        <name>SALEM ORE HOSP FAC AUTH REV</name>
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          <isin value="US794458EY19"/>
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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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      <invstOrSec>
        <name>TEMPE ARIZ INDL DEV AUTH REV</name>
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        <name>NORTHERN ILL UNIV REVS</name>
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        <name>HARRIS CNTY TEX HOSP DIST REV</name>
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        <name>FLORIDA DEV FIN CORP HEALTHCARE FACS REV</name>
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        <name>BUILD NYC RESOURCE CORP N Y REV</name>
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        <name>PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <name>INDIANA ST FIN AUTH REV</name>
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        <name>ILLINOIS FIN AUTH GAS SUPPLY REV</name>
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        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
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        <name>BOYLE CNTY KY EDL FACS REV</name>
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        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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        <name>ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV</name>
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        <name>LAS VEGAS NEV CONVENTION &amp; VISITORS AUTH REV</name>
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        <name>OHIO ST HOSP REV</name>
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        <name>BUCKS CNTY PA INDL DEV AUTH HOSP REV</name>
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        <name>WASHINGTON ST HIGHER ED FACS AUTH REV</name>
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      <invstOrSec>
        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CANON MCMILLAN SCH DIST PA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHICAGO ILL BRD ED</name>
        <lei>N/A</lei>
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          <isin value="US167505YB63"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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      <invstOrSec>
        <name>SAN DIEGO CALIF PUB FACS FING AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO PUBLIC FACILITIES FINANCING AUTHORITY</title>
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          <isin value="US797299KD53"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>STODDARD CNTY MO INDL DEV AUTH HEALTH FACS REV</name>
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          <isin value="US86149UAA25"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N J</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FINANCING CORP NJ</title>
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          <isin value="US888808HR61"/>
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        <valUSD>2989658.43000000</valUSD>
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        <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>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BERKS CNTY PA MUN AUTH REV</name>
        <lei>N/A</lei>
        <title>BERKS COUNTY MUNICIPAL AUTHORITY THE</title>
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          <isin value="US084538JH15"/>
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        <balance>5950000.00000000</balance>
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        <valUSD>5324499.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-30</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HOSP REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
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          <isin value="US74442CBZ68"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH N H SR LIVING REV</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2051-01-01</maturityDt>
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        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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          <isin value="US041806QT09"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TULSA CNTY OKLA INDL AUTH SR LIVING CMNTY REV</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <name>KENTUCKY ECONOMIC DEV FIN AUTH HOSP FACS REV</name>
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        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
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        <name>UNIVERSITY N D CTFS PARTN</name>
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        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
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        <name>OKLAHOMA DEV FIN AUTH HEALTH SYS REV</name>
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        <name>KERRVILLE TEX HEALTH FACS DEV CORP HOSP REV</name>
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        <name>CHICAGO ILL O HARE INTL ARPT REV</name>
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        <name>NEW JERSEY ECONOMIC DEV AUTH REV</name>
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      <invstOrSec>
        <name>GAINESVILLE &amp; HALL CNTY GA HOSP AUTH REV ANTIC CTFS</name>
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        <name>PARK CREEK MET DIST COLO REV</name>
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        <name>POLK CNTY FLA INDL DEV AUTH RETIREMENT FAC REV</name>
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        <name>FLINT MICH HOSP BLDG AUTH REV</name>
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        <name>MONTGOMERY CNTY PA INDL DEV AUTH REV</name>
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        <name>POMPANO BEACH FLA REV</name>
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        <name>LOUISIANA PUB FACS AUTH LEASE REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PIMA CNTY ARIZ INDL DEV AUTH SR LIVING REV</name>
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      <invstOrSec>
        <name>MUNICIPAL ELEC AUTH GA</name>
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      <invstOrSec>
        <name>OREGON ST FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>OREGON STATE FACILITIES AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KAREGNONDI WTR AUTH MICH</name>
        <lei>N/A</lei>
        <title>KAREGNONDI WATER AUTHORITY</title>
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          <isin value="US48563UCA79"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
        <lei>N/A</lei>
        <title>LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY FL</title>
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          <isin value="US52349EEK29"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WARD CNTY N D HEALTH CARE FAC REV</name>
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          <isin value="US934023EU29"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
        <lei>N/A</lei>
        <title>FLORIDA INSTITUTE OF TECH</title>
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          <isin value="US34073TNB97"/>
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        <valUSD>1122100.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA PUBLIC FACILITIES AUTHORITY</title>
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          <isin value="US546399CP91"/>
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        <valUSD>4793136.22000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
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          <isin value="US97712JMU42"/>
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      <invstOrSec>
        <name>KING CNTY WASH PUB HOSP DIST NO 002</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WILKES-BARRE PA AREA SCH DIST</name>
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        <name>PUBLIC FIN AUTH WIS EDL REV</name>
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        <name>ONONDAGA N Y CIVIC DEV CORP REV</name>
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        <name>WASHINGTON ST HEALTH CARE FACS AUTH REV</name>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
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        <invCountry>US</invCountry>

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        <name>CANON MCMILLAN SCH DIST PA</name>
        <lei>N/A</lei>
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        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX CAP IMPT REV</name>
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        <name>SARASOTA CNTY FLA HEALTH FACS AUTH RETIREMENT FAC REV</name>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
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        <name>PARAMOUNT CALIF UNI SCH DIST</name>
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        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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      <invstOrSec>
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          <isin value="US82170LAB18"/>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH CHARTER SCH REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADAMS CNTY PA GEN AUTH COLLEGE REV</name>
        <lei>N/A</lei>
        <title>ADAMS CNTY PA GEN</title>
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          <isin value="US00611PAU93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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          <isin value="US452152H467"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW MEXICO ST HOSP EQUIP LN COUNCIL FIRST MTG REV</name>
        <lei>N/A</lei>
        <title>NEW MEXICO HOSPITAL EQUIPMENT LOAN COUNCIL</title>
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          <isin value="US647377AN06"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PASSAIC CNTY N J IMPT AUTH CHARTER SCH REV</name>
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          <isin value="US70275QAC78"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2053-07-01</maturityDt>
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      <invstOrSec>
        <name>ARMSTRONG SCH DIST PA</name>
        <lei>N/A</lei>
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          <isin value="US042467MQ04"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
        <lei>N/A</lei>
        <title>FLORIDA INSTITUTE OF TECH</title>
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          <isin value="US34073TNC70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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      <invstOrSec>
        <name>COLUMBIA CNTY GA HOSP AUTH REV</name>
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          <isin value="US197479AE83"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2053-04-01</maturityDt>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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          <isin value="US57584XQ870"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH HEALTH FACS REV</name>
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        <name>PUBLIC FIN AUTH WIS EDL FAC REV</name>
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        <name>DELAWARE CNTY PA AUTH UNIV REV</name>
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        <name>CENTERVILLE OHIO HEALTH CARE REV</name>
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        <name>MANOR TEX INDPT SCH DIST</name>
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        <name>UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV</name>
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      <invstOrSec>
        <name>MIAMI BEACH FLA HEALTH FACS AUTH HOSP REV</name>
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      <invstOrSec>
        <name>ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV</name>
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      <invstOrSec>
        <name>DEUTSCHE BK SPEARS/LIFERS TR VAR STS</name>
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      <invstOrSec>
        <name>RED RIV ED FIN CORP TEX HIGHER ED REV</name>
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      <invstOrSec>
        <name>MISSISSIPPI HOME CORP SINGLE FAMILY MTG REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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      <invstOrSec>
        <name>RENO-TAHOE ARPT AUTH NEV ARPT REV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS ED REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
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          <isin value="US74442ECB48"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY REV</name>
        <lei>N/A</lei>
        <title>INDIANA HOUSING COMMUNITY DEVELOPMENT AUTHORITY</title>
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          <isin value="US45505T5A58"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US084538JF58"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL TR AGY FLA EDL FACS REV</name>
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        <name>SACRAMENTO CALIF CITY SCHS JT PWRS FING AUTH LEASE REV</name>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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        <name>UNION CNTY ORE HOSP FAC AUTH REV</name>
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        <name>ARIZONA INDL DEV AUTH ED REV</name>
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        <name>PUBLIC FIN AUTH WIS SR LIVING REV</name>
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        <name>WEST VIRGINIA ST HOSP FIN AUTH HOSP REV</name>
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        <name>MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV</name>
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        <title>MISSOURI HOUSING DEVELOPMENT COMMISSION</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>ALLEGHENY COUNTY AIRPORT AUTHORITY</title>
        <cusip>01728LKZ4</cusip>
        <identifiers>
          <isin value="US01728LKZ49"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020293.88000000</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>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIE</title>
        <cusip>54628CEQ1</cusip>
        <identifiers>
          <isin value="US54628CEQ15"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4885419.85000000</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>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>CONNECTICUT STATE HEALTH EDUCATIONAL FACILITIES</title>
        <cusip>20775DCU4</cusip>
        <identifiers>
          <isin value="US20775DCU46"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2475944.82000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ST HSG FIN AGY HSG REV</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS HOUSING FINANCE AGENCY</title>
        <cusip>57587GV69</cusip>
        <identifiers>
          <isin value="US57587GV696"/>
          <other otherDesc="Internal" value="57587GV69"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1182471.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</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>HANNIBAL MO INDL DEV AUTH HEALTH FACS REV</name>
        <lei>N/A</lei>
        <title>HANNIBAL INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>410632CP6</cusip>
        <identifiers>
          <isin value="US410632CP63"/>
          <other otherDesc="Internal" value="410632CP6"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2728217.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>COOK CNTY ILL SALES TAX REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF COOK IL SALES TAX REVENUE</title>
        <cusip>213248BJ5</cusip>
        <identifiers>
          <isin value="US213248BJ58"/>
          <other otherDesc="Internal" value="213248BJ5"/>
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        <balance>7750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7851518.90000000</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>2038-11-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH ED REV</name>
        <lei>N/A</lei>
        <title>MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>56681NGG6</cusip>
        <identifiers>
          <isin value="US56681NGG60"/>
          <other otherDesc="Internal" value="56681NGG6"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>818283.46000000</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>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
      <invstOrSec>
        <name>MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REV</name>
        <lei>N/A</lei>
        <title>MISSOURI DEVELOPMENT FINANCE BOARD</title>
        <cusip>60636SHU1</cusip>
        <identifiers>
          <isin value="US60636SHU15"/>
          <other otherDesc="Internal" value="60636SHU1"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1581719.67000000</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>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
      <invstOrSec>
        <name>YSLETA TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>YSLETA TX INDEP SCH DIST</title>
        <cusip>98816PCU4</cusip>
        <identifiers>
          <isin value="US98816PCU49"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4185255.05000000</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>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>646066Z94</cusip>
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          <isin value="US646066Z948"/>
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        <curCd>USD</curCd>
        <valUSD>2205435.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALTOONA PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>ALTOONA AREA SCHOOL DISTRICT</title>
        <cusip>021807KX9</cusip>
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          <isin value="US021807KX91"/>
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        <balance>300000.00000000</balance>
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        <valUSD>301806.02000000</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>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE DORMITORY AUTHORITY</title>
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          <isin value="US64985SNH21"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY HEALTH CARE FACS FING AUTH</name>
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        <title>NJ HLTH CARE FAC FIN</title>
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          <isin value="US64579F7P26"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDLOTHIAN TEX INDPT SCH DIST</name>
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        <valUSD>15053914.26000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2047-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CANON MCMILLAN SCH DIST PA</name>
        <lei>N/A</lei>
        <title>CANON MCMILLAN SCHOOL DISTRICT</title>
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        <valUSD>970276.78000000</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>2048-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA PUBLIC FACILITIES AUTHORITY</title>
        <cusip>546399DD5</cusip>
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          <isin value="US546399DD52"/>
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        <balance>15000.00000000</balance>
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        <valUSD>15168.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS TRANSN COMMN ST HWY 249 SYS TOLL REV</name>
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        <name>CHICAGO ILL MIDWAY ARPT REV</name>
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        <title>CHICAGO MIDWAY INTERNATIONAL AIRPORT</title>
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      <invstOrSec>
        <name>MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV</name>
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      <invstOrSec>
        <name>FLORIDA DEV FIN CORP EDL FACS REV</name>
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        <title>FLORIDA DEVELOPMENT FINANCE CORP</title>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>CHICAGO ILL BRD ED DEDICATED CAP IMPT</name>
        <lei>N/A</lei>
        <title>CHICAGO BOARD OF EDUCATION DEDICATED CAPITAL IMPRO</title>
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          <isin value="US167510BJ40"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-01</maturityDt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORI</title>
        <cusip>70917TRY9</cusip>
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          <isin value="US70917TRY90"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH N H REV</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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          <isin value="US63607YBJ82"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMN</name>
        <lei>N/A</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
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          <isin value="US93978TS593"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</title>
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          <isin value="US57585BJU35"/>
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        <valUSD>951279.37000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ATLANTIC BEACH FLA HEALTH CARE FACS REV</name>
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          <isin value="US048251CC41"/>
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        <securityLending>
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        <name>LAS VEGAS NEV CONVENTION &amp; VISITORS AUTH REV</name>
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        <invCountry>US</invCountry>

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        <name>NORTHERN ILL MUN PWR AGY PWR PROJ REV</name>
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        <name>PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV</name>
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        <title>PHOENIX AZ INDL DEV AUTH STUDENT HSG REVENUE</title>
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        <name>MONTGOMERY CNTY OHIO HOSP REV</name>
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        <name>NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>SCRANTON PA SCH DIST</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH ED REV</name>
        <lei>N/A</lei>
        <title>MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
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          <isin value="US56681NAT46"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PORT PORTLAND ORE ARPT REV</name>
        <lei>N/A</lei>
        <title>PORT OF PORTLAND OR AIRPORT REVENUE</title>
        <cusip>7352404H3</cusip>
        <identifiers>
          <isin value="US7352404H33"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH N H REV</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US63607YBX76"/>
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        <curCd>USD</curCd>
        <valUSD>987615.13000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ST LOUIS MO MUN FIN CORP LEASEHOLD REV</name>
        <lei>N/A</lei>
        <title>ST LOUIS MUNICIPAL FINANCE CORP</title>
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        <identifiers>
          <isin value="US79165TUA77"/>
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        <curCd>USD</curCd>
        <valUSD>3130660.90000000</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>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON CNTY ILL WTR RECLAMATION DIST</name>
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        <title>SANGAMON COUNTY WATER R</title>
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          <isin value="US800768AF08"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12382105.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
        <lei>N/A</lei>
        <title>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</title>
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          <isin value="US6461365Q05"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12759076.31000000</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>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
        <title>ESCAMBIA CNTY FL HLTH FACS AUTH</title>
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        <identifiers>
          <isin value="US296110GD59"/>
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        <balance>6265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5188452.15000000</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>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD REV</name>
        <lei>N/A</lei>
        <title>METROPOLITAN GOVERNMENT NASHVILLE DAVIDSON COUNT</title>
        <cusip>592041WB9</cusip>
        <identifiers>
          <isin value="US592041WB99"/>
          <other otherDesc="Internal" value="592041WB9"/>
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        <valUSD>1397353.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
        <cusip>45204FYF6</cusip>
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          <isin value="US45204FYF60"/>
          <other otherDesc="Internal" value="45204FYF6"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>327417.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH HEALTH FACS REV</name>
        <lei>N/A</lei>
        <title>HEALTH EDUCATIONAL FACILITIES AUTHORITY OF THE S</title>
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          <isin value="US60637AUZ38"/>
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        <valUSD>777242.89000000</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>2051-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LANCASTER PA MUN AUTH HEALTHCARE FACS REV</name>
        <lei>N/A</lei>
        <title>LANCASTER MUNICIPAL AUTHORITY</title>
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          <isin value="US514350AN74"/>
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        <valUSD>729610.29000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV</name>
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        <title>PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY</title>
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          <isin value="US69650MAW91"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US156792FF59"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>RED RIV ED FIN CORP TEX HIGHER ED REV</name>
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          <isin value="US756870BE07"/>
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        <issuerCat>MUN</issuerCat>
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        <name>NORTHEASTERN PA HOSP &amp; ED AUTH COLLEGE REV</name>
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        <title>NORTHEASTERN PENNSYLVANIA HOSPITAL EDUCATION AUT</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <name>SOUTHLANDS MET DIST NO 1 COLO</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE DORMITORY AUTHORITY</title>
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        <name>SAN ANTONIO TEX ED FACS CORP REV</name>
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        <name>LOS ALAMITOS CALIF UNI SCH DIST CTFS PARTN</name>
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        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
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        <name>VERMONT EDL &amp; HEALTH BLDGS FING AGY REV</name>
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        <name>PRIVATE COLLEGES &amp; UNIVS AUTH GA REV</name>
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        <name>NORTH TEX TWY AUTH REV</name>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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        <name>PUBLIC FIN AUTH WIS EDL REV</name>
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        <name>CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
        <lei>N/A</lei>
        <title>ARLINGTON HIGHER EDUCATION FINANCE CORP</title>
        <cusip>041806GX2</cusip>
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          <isin value="US041806GX21"/>
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        <curCd>USD</curCd>
        <valUSD>3019267.96000000</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>2041-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV</name>
        <lei>N/A</lei>
        <title>MATAGORDA COUNTY NAVIGATION DISTRICT NO 1</title>
        <cusip>576528DP5</cusip>
        <identifiers>
          <isin value="US576528DP59"/>
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        <balance>9615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9616186.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TEX SPL TAX REV</name>
        <lei>N/A</lei>
        <title>CITY OF ARLINGTON TX</title>
        <cusip>04184RBT6</cusip>
        <identifiers>
          <isin value="US04184RBT68"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6447198.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR</title>
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        <identifiers>
          <isin value="US64542UFQ22"/>
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        <balance>2565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1845004.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIO CALIF REDEV AGY TAX ALLOC</name>
        <lei>N/A</lei>
        <title>INDIO REDEVELOPMENT AGENCY SUCCESSOR AGENCY</title>
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          <isin value="US455719CT94"/>
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        <balance>1440000.00000000</balance>
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        <valUSD>1441714.64000000</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>2035-08-15</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 FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
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          <isin value="US59334KFW36"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>4980513.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
        <lei>N/A</lei>
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          <isin value="US65000B7X05"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1937338.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>YAMHILL CNTY ORE HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>YAMHILL COUNTY HOSPITAL AUTHORITY</title>
        <cusip>98464UAQ9</cusip>
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          <isin value="US98464UAQ94"/>
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        <balance>1180000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BEXAR CNTY TEX REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF BEXAR TX</title>
        <cusip>088518MW2</cusip>
        <identifiers>
          <isin value="US088518MW24"/>
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        <balance>500000.00000000</balance>
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        <valUSD>438409.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
        <cusip>74442PXH3</cusip>
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          <isin value="US74442PXH36"/>
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        <balance>2350000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
        <title>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</title>
        <cusip>04109HBC7</cusip>
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          <isin value="US04109HBC79"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>MEDFORD ORE HOSP FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>MEDFORD HOSPITAL FACILITIES AUTHORITY</title>
        <cusip>584283HD0</cusip>
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          <isin value="US584283HD09"/>
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        <invCountry>US</invCountry>

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        <name>NORMAN OKLA REGL HOSP AUTH HOSP REV</name>
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        <title>NORMAN REGL HOSP AUTH OBL</title>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
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          <isin value="US19648FWT73"/>
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        <name>LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV</name>
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        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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        <name>DOUGLAS CNTY NEB HOSP AUTH NO 3 REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WEST HARRIS CNTY TEX REGL WTR AUTH WTR SYS REV</name>
        <lei>N/A</lei>
        <title>WEST HARRIS COUNTY REGIO</title>
        <cusip>95308RRF8</cusip>
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          <isin value="US95308RRF81"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REV</name>
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          <isin value="US825485UR41"/>
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        <valUSD>1000354.61000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
        <lei>N/A</lei>
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          <isin value="US041806RR34"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BURKE CNTY GA DEV AUTH POLLUTN CTL REV</name>
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          <isin value="US121342PQ61"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-01</maturityDt>
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      <invstOrSec>
        <name>METROPOLITAN TRANSN AUTH N Y REV</name>
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          <isin value="US59261AG682"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ALEXANDRIA VA INDL DEV AUTH RESIDENTIAL CARE FACS MTG REV</name>
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          <isin value="US015317AP56"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>IOWA HIGHER ED LN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US46247DAF42"/>
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        <invCountry>US</invCountry>

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        <name>BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV</name>
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          <isin value="US09182TEV52"/>
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        <name>WEST VIRGINIA ST HOSP FIN AUTH HOSP REV</name>
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        <name>ALLEGANY CNTY N Y CAP RESOURCE CORP REV</name>
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        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>POLK CNTY FLA INDL DEV AUTH RETIREMENT FAC REV</name>
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        <name>CENTRAL TEX REGL MOBILITY AUTH REV</name>
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      <invstOrSec>
        <name>JEFFERSON CNTY ALA SWR REV</name>
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        <title>COUNTY OF JEFFERSON AL SEWER REVENUE</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH WTR &amp; SWR SYS REV</name>
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        <valUSD>500000.00000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BEXAR CNTY TEX HEALTH FACS DEV CORP REV</name>
        <lei>N/A</lei>
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          <isin value="US088354GL30"/>
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        <invCountry>US</invCountry>

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      </invstOrSec>
      <invstOrSec>
        <name>ALLENTOWN PA COML &amp; INDL DEV AUTH ED FAC LEASE REV</name>
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          <isin value="US01843AAD81"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>VENICE FLA RETIREMENT CMNTY REV</name>
        <lei>N/A</lei>
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          <isin value="US922687AD00"/>
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        <invCountry>US</invCountry>

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        <name>METROPOLITAN PIER &amp; EXPOSITION AUTH ILL REV</name>
        <lei>N/A</lei>
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          <isin value="US592250DM38"/>
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      <invstOrSec>
        <name>HAMILTON CNTY OHIO HEALTH CARE REV</name>
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          <isin value="US40727RBU14"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US49126PFG00"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV</name>
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          <isin value="US576528DQ33"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT CMNTYS REV</name>
        <lei>N/A</lei>
        <title>EVERGREENS OBLIGATED GRO</title>
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          <isin value="US74446CAB63"/>
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      <invstOrSec>
        <name>SAN ANTONIO TEX ED FACS CORP REV</name>
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        <name>STOCKTON CALIF UNI SCH DIST</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV</name>
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        <name>HOMEWOOD ALA EDL BLDG AUTH REV</name>
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        <name>MICHIGAN FIN AUTH REV</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTANA ST BRD HSG SINGLE FAMILY MTG</name>
        <lei>N/A</lei>
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          <isin value="US61212WZZ12"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV</name>
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          <isin value="US64972KJH95"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US20775DVC37"/>
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        <valUSD>3011600.88000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV</name>
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          <isin value="US65820YTG16"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1881263.28000000</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>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV</name>
        <lei>N/A</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
        <cusip>84136HBC6</cusip>
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          <isin value="US84136HBC60"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
        <cusip>45204EU55</cusip>
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          <isin value="US45204EU559"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20463.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROSS CNTY OHIO HOSP REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF ROSS OH</title>
        <cusip>778260FN4</cusip>
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          <isin value="US778260FN46"/>
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        <balance>9100000.00000000</balance>
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        <valUSD>8500222.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMAHA NEB ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>OMAHA AIRPORT AUTHORITY</title>
        <cusip>681725NL7</cusip>
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          <isin value="US681725NL76"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1513580.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</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>MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MISSOURI HOUSING DEVELOPMENT COMMISSION</title>
        <cusip>60637GGR4</cusip>
        <identifiers>
          <isin value="US60637GGR48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>925397.11000000</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>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
        <lei>N/A</lei>
        <title>CLIFTON TX HGR EDU FIN CORP EDU REVENUE</title>
        <cusip>187145KS5</cusip>
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          <isin value="US187145KS56"/>
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        <balance>11000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>VERMONT ECONOMIC DEV AUTH MTG REV</name>
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          <isin value="US92415TCB61"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>NORTHEASTERN PA HOSP &amp; ED AUTH COLLEGE REV</name>
        <lei>N/A</lei>
        <title>NORTHEASTERN PENNSYLVANIA HOSPITAL EDUCATION AUT</title>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
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        <name>TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV</name>
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        <name>EL CAMINO CALIF CMNTY COLLEGE DIST</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JACKSON MICH PUB SCHS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MILITARY INSTALLATION DEV AUTH UTAH TAX ALLOCATION REV</name>
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          <isin value="US599772AC45"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
        <lei>N/A</lei>
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          <isin value="US452017AT35"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</maturityDt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HEALTHCARE FACS REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
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          <isin value="US74444KCS15"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>KING CNTY WASH PUB HOSP DIST NO 001</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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      <invstOrSec>
        <name>NEW JERSEY ECONOMIC DEV AUTH ST LEASE REV</name>
        <lei>N/A</lei>
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          <isin value="US64578EKB29"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN YSIDRO CALIF SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US799561KN41"/>
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        <valUSD>8844745.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLENTOWN PA COML &amp; INDL DEV AUTH ED FAC LEASE REV</name>
        <lei>N/A</lei>
        <title>ALLENTOWN COMMERCIAL AND INDUSTRIAL DEVELOPMENT AU</title>
        <cusip>01843AAM8</cusip>
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          <isin value="US01843AAM80"/>
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        <valUSD>1792538.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV</name>
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          <isin value="US528734AK25"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2054-03-01</maturityDt>
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          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>UNION CNTY ORE HOSP FAC AUTH REV</name>
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          <isin value="US906420CJ15"/>
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        <name>PUBLIC FIN AUTH WIS EDL FAC REV</name>
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          <maturityDt>2054-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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          <maturityDt>2054-03-01</maturityDt>
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        <name>PALM BEACH CNTY FLA EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REV</name>
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        <invCountry>US</invCountry>

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        <name>WARREN CNTY OHIO HEALTH CARE FACS REV</name>
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        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
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        <name>DEUTSCHE BK SPEARS/LIFERS TR VAR STS</name>
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        <name>HAMILTON CNTY OHIO HEALTH CARE REV</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTH DAKOTA ST HSG FIN AGY</name>
        <lei>N/A</lei>
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          <isin value="US65889BCF94"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GENESEE CNTY MICH</name>
        <lei>N/A</lei>
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          <isin value="US371608UU27"/>
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        <valUSD>2902966.55000000</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>2046-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH REV</name>
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          <isin value="US5462824V36"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MAINE HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
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        <title>MAINE HEALTH HIGHER EDUCATIONAL FACILITIES AUTHO</title>
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          <isin value="US56042RFG20"/>
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        <balance>9000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN FINANCE AUTHORITY</title>
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          <isin value="US59447TP720"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO HEALTH FACILITIES AUTHORITY</title>
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          <isin value="US19648FKA11"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CRISP CNTY GA HOSP AUTH REV ANTIC CTFS</name>
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        <title>CRISP COUNTY HOSPITAL AUTHORITY</title>
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          <isin value="US226688DP16"/>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>HAWAII ST ARPTS SYS REV</name>
        <lei>N/A</lei>
        <title>STATE OF HAWAII AIRPORTS SYSTEM REVENUE</title>
        <cusip>419794J37</cusip>
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          <isin value="US419794J373"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>165588DL5</cusip>
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          <isin value="US165588DL52"/>
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        <balance>3250000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-15</maturityDt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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          <isin value="US57584XCG43"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LEE CNTY FLA INDL DEV AUTH HOSP REV</name>
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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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        <name>WYANDOTTE CNTY KANS CITY KANS UNI GOVT UTIL SYS REV</name>
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        <name>ILLINOIS FIN AUTH STUDENT HSG &amp; ACADEMIC FAC REV</name>
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        <name>PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
        <lei>N/A</lei>
        <title>UPTOWN DEVELOPMENT AUTHORITY</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>WEST VIRGINIA ST HOSP FIN AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA HOSPITAL FINANCE AUTHORITY</title>
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          <isin value="US956622X251"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1816102.58000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANAPOLIS IND LOC PUB IMPT BD BK</name>
        <lei>N/A</lei>
        <title>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</title>
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        <identifiers>
          <isin value="US45528VGJ26"/>
          <other otherDesc="Internal" value="45528VGJ2"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475013.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEE CNTY FLA ARPT REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF LEE FL AIRPORT REVENUE</title>
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        <identifiers>
          <isin value="US523470HY13"/>
          <other otherDesc="Internal" value="523470HY1"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2511388.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HOSP REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
        <cusip>74442CDS0</cusip>
        <identifiers>
          <isin value="US74442CDS08"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1010875.28000000</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>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH LOUISVILLE ARENA PROJ</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST ECON DEV FIN AUTH LOUISVILLE</title>
        <cusip>49127KBV1</cusip>
        <identifiers>
          <isin value="US49127KBV17"/>
          <other otherDesc="Internal" value="49127KBV1"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1972835.69000000</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>2045-12-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COACHELLA VALLEY CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>COACHELLA VALLEY UNIFIED SCHOOL DISTRICT CA</title>
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          <isin value="US189849HS49"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4089870.15000000</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>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>BEXAR CNTY TEX REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF BEXAR TX</title>
        <cusip>088518MX0</cusip>
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          <isin value="US088518MX07"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1418705.72000000</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>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>READING PA SCH DIST</name>
        <lei>N/A</lei>
        <title>READING PA SCHOOL DISTRICT</title>
        <cusip>755638A45</cusip>
        <identifiers>
          <isin value="US755638A456"/>
          <other otherDesc="Internal" value="755638A45"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>957296.92000000</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>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
        <lei>N/A</lei>
        <title>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCIAL AU</title>
        <cusip>34073TPN1</cusip>
        <identifiers>
          <isin value="US34073TPN18"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>823903.43000000</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>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF LAREDO TX WATERWORKS SEWER SYSTEM REVENU</title>
        <cusip>517039TU7</cusip>
        <identifiers>
          <isin value="US517039TU76"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>637844.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>MISSOURI ST HLTH EDUCTNL FACS AUTH</title>
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          <isin value="US60635H3D99"/>
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        <valUSD>7874613.19000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN FINANCE AUTHORITY</title>
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          <isin value="US59447TUJ05"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>NEW YORK LIBERTY DEV CORP LIBERTY REV</name>
        <lei>N/A</lei>
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          <isin value="US649519DH55"/>
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          <annualizedRt>2.80000000</annualizedRt>
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        <name>SACRAMENTO CALIF CITY SCHS JT PWRS FING AUTH LEASE REV</name>
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        <title>SACRAMENTO CITY SCHOOLS JOINT POWERS FINANCING AUT</title>
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          <isin value="US785862AP87"/>
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        <name>JEFFERSON LA SALES TAX DIST SPL SALES TAX REV</name>
        <lei>N/A</lei>
        <title>JEFFERSON SALES TAX DISTRICT</title>
        <cusip>474176LM4</cusip>
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          <isin value="US474176LM48"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>INDIANA FIN AUTH STUDENT HSG REV</name>
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        <title>INDIANA FINANCE AUTHORITY</title>
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      <invstOrSec>
        <name>GARLAND TEX ELEC UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF GARLAND TX ELECTRIC UTILITY SYSTEM REVENUE</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>GREATER TEX CULTURAL ED FACS FIN CORP TEX LEASE REV</name>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA HEALTH FACS AUTH HOSP REV</name>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH LEASE REV</name>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY METRO GOVT HOSP REV</name>
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      <invstOrSec>
        <name>COLUMBUS OHIO REGL ARPT AUTH REV</name>
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      <invstOrSec>
        <name>FLORIDA HSG FIN CORP REV</name>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y REVS</name>
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        <name>SANTA ANA CALIF UNI SCH DIST CTFS PARTN</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <name>MONTGOMERY CNTY PA INDL DEV AUTH REV</name>
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        <name>PARAMOUNT CALIF UNI SCH DIST</name>
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      <invstOrSec>
        <name>EL MONTE CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GALESBURG ILL REV</name>
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      <invstOrSec>
        <name>TENNERGY CORP TENN GAS REV</name>
        <lei>N/A</lei>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>PARAMOUNT CALIF UNI SCH DIST</name>
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        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
        <title>NORTH TEXAS TOLLWAY AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
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      <invstOrSec>
        <name>JACKSONVILLE FLA HEALTH CARE FACS REV</name>
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        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP HIGHER ED REV</name>
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        <name>WEST HARRIS CNTY TEX REGL WTR AUTH WTR SYS REV</name>
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        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RICHMOND IND HOSP AUTH REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA AVIATION REV</name>
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          <isin value="US593340AB83"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH HOSP REV</name>
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          <isin value="US69651ACE29"/>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST FIN AUTH REV MCLAREN HEALTH CARE</title>
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          <isin value="US59447TVD26"/>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS EDL FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US74443DHY04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FRANKLIN CNTY OHIO HEALTH CARE FACS REV</name>
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          <isin value="US353180KV30"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DCH HEALTH CARE AUTH ALA</name>
        <lei>N/A</lei>
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          <isin value="US23366AAG22"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>N/A</lei>
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          <isin value="US594479JQ13"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
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          <isin value="US45204EVE57"/>
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      <invstOrSec>
        <name>LIVONIA MICH PUB SCHS SCH DIST</name>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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          <isin value="US709224ZD44"/>
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        <name>CHICAGO ILL WASTEWATER TRANSMISSION REV</name>
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      <invstOrSec>
        <name>CORPUS CHRISTI TEX UTIL SYS REV</name>
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        <name>PUBLIC FIN AUTH WIS ED REV</name>
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        <name>MONTGOMERY CNTY PA HIGHER ED &amp; HEALTH AUTH REV</name>
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        <name>ATLANTIC BEACH FLA HEALTH CARE FACS REV</name>
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      <invstOrSec>
        <name>NEW JERSEY HEALTH CARE FACS FING AUTH ST CONTRACT</name>
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      <invstOrSec>
        <name>WILKES-BARRE PA AREA SCH DIST</name>
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      <invstOrSec>
        <name>CHICAGO ILL BRD ED</name>
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        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>PUBLIC FIN AUTH WIS CHARTER SCH REV</name>
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        <name>EL CAMINO CALIF CMNTY COLLEGE DIST</name>
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        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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        <name>DENVER COLO HEALTH &amp; HOSP AUTH HEALTHCARE REV</name>
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        <name>CHICAGO ILL PK DIST</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>WACO TEX EDL FIN CORP REV</name>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
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        <name>City of New York</name>
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        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH HEALTH FACS REV</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>MONTANA FAC FIN AUTH HEALTH FACS REV</name>
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        <name>ALTOONA PA AREA SCH DIST</name>
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      <invstOrSec>
        <name>PATRIOTS ENERGY GROUP S C GAS SYS REV</name>
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          <isin value="US70338JCH59"/>
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      <invstOrSec>
        <name>ALABAMA HSG FIN AUTH SINGLE FAMILY MTG REV</name>
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      <invstOrSec>
        <name>ORANGE CNTY FLA HEALTH FACS AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CAMDEN CNTY N J IMPT AUTH SCH REV</name>
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          <isin value="US13281PAC14"/>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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          <isin value="US709224MW61"/>
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        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH REV</name>
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        <name>PUBLIC FIN AUTH WIS HEALTHCARE FACS REV</name>
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        <name>TSASC INC N Y</name>
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        <name>ROCK HILL S C UTIL SYS REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>PUBLIC FIN AUTH WIS ED REV</name>
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        <name>PHOENIX ARIZ INDL DEV AUTH ED REV</name>
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        <payoffProfile>Long</payoffProfile>
        <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>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>ILLINOIS FIN AUTH STUDENT HSG &amp; ACADEMIC FAC REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
        <cusip>45203KAQ8</cusip>
        <identifiers>
          <isin value="US45203KAQ85"/>
          <other otherDesc="Internal" value="45203KAQ8"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446738.62000000</valUSD>
        <pctVal>0.028647281174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD REV</name>
        <lei>N/A</lei>
        <title>METROPOLITAN GOVERNMENT NASHVILLE DAVIDSON COUNT</title>
        <cusip>592041WH6</cusip>
        <identifiers>
          <isin value="US592041WH69"/>
          <other otherDesc="Internal" value="592041WH6"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4930111.69000000</valUSD>
        <pctVal>0.316145256935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</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>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</title>
        <cusip>57584YJW0</cusip>
        <identifiers>
          <isin value="US57584YJW03"/>
          <other otherDesc="Internal" value="57584YJW0"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9664521.79000000</valUSD>
        <pctVal>0.619741076182</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>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>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
        <lei>N/A</lei>
        <title>LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY FL</title>
        <cusip>52349EEV8</cusip>
        <identifiers>
          <isin value="US52349EEV83"/>
          <other otherDesc="Internal" value="52349EEV8"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1822016.45000000</valUSD>
        <pctVal>0.116837486642</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>5.00000000</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>LAWRENCE KANS HOSP REV</name>
        <lei>N/A</lei>
        <title>CITY OF LAWRENCE KS</title>
        <cusip>520134FV4</cusip>
        <identifiers>
          <isin value="US520134FV46"/>
          <other otherDesc="Internal" value="520134FV4"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4613465.12000000</valUSD>
        <pctVal>0.295840177147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>HOUSTON TEX HOTEL OCCUPANCY TAX &amp; SPL REV</name>
        <lei>N/A</lei>
        <title>CITY OF HOUSTON TX</title>
        <cusip>44237NHW5</cusip>
        <identifiers>
          <isin value="US44237NHW56"/>
          <other otherDesc="Internal" value="44237NHW5"/>
        </identifiers>
        <balance>3715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3718962.66000000</valUSD>
        <pctVal>0.238479872183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</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>NEW JERSEY ST EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>646066F54</cusip>
        <identifiers>
          <isin value="US646066F544"/>
          <other otherDesc="Internal" value="646066F54"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5084184.65000000</valUSD>
        <pctVal>0.326025243148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</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>NEW ORLEANS LA AVIATION BRD REV</name>
        <lei>N/A</lei>
        <title>NEW ORLEANS AVIATION BOARD</title>
        <cusip>64763HNN1</cusip>
        <identifiers>
          <isin value="US64763HNN16"/>
          <other otherDesc="Internal" value="64763HNN1"/>
        </identifiers>
        <balance>4120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4092904.66000000</valUSD>
        <pctVal>0.262459042859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</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>MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FBX4</cusip>
        <identifiers>
          <isin value="US57421FBX42"/>
          <other otherDesc="Internal" value="57421FBX4"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2002643.13000000</valUSD>
        <pctVal>0.128420240086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</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>PHOENIX ARIZ CIVIC IMPT CORP DISTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF PHOENIX CIVIC IMPROVEMENT CORP</title>
        <cusip>71884WAT8</cusip>
        <identifiers>
          <isin value="US71884WAT80"/>
          <other otherDesc="Internal" value="71884WAT8"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1111977.46000000</valUSD>
        <pctVal>0.071305970716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAMPART RANGE MET DIST NO 1 COLO LTD TAX SUPPORTED &amp; SPL REV</name>
        <lei>N/A</lei>
        <title>RAMPART RANGE METROPOLITAN DISTRICT NO 1</title>
        <cusip>75157TAB5</cusip>
        <identifiers>
          <isin value="US75157TAB52"/>
          <other otherDesc="Internal" value="75157TAB5"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4005702.21000000</valUSD>
        <pctVal>0.256867153123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAND FORKS N D HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF GRAND FORKS ND</title>
        <cusip>38546WDS6</cusip>
        <identifiers>
          <isin value="US38546WDS61"/>
          <other otherDesc="Internal" value="38546WDS6"/>
        </identifiers>
        <balance>2375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1950456.97000000</valUSD>
        <pctVal>0.125073783049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT CMNTYS REV</name>
        <lei>N/A</lei>
        <title>EVERGREENS OBLIGATED GRO</title>
        <cusip>74446CAA8</cusip>
        <identifiers>
          <isin value="US74446CAA80"/>
          <other otherDesc="Internal" value="74446CAA8"/>
        </identifiers>
        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428577.25000000</valUSD>
        <pctVal>0.027482676526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO ILL</name>
        <lei>N/A</lei>
        <title>CITY OF CHICAGO IL</title>
        <cusip>167486X79</cusip>
        <identifiers>
          <isin value="US167486X793"/>
          <other otherDesc="Internal" value="167486X79"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1016724.32000000</valUSD>
        <pctVal>0.065197827471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly total returns reported under item B.5.a do not include any sales or redemption charges, as applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios III</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
