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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV</name>
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      <invstOrSec>
        <name>NEW ORLEANS LA AVIATION BRD REV</name>
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          <isin value="US64763HNN16"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>MOBILE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
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          <isin value="US60733UAA97"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US717883TN29"/>
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        <valUSD>1006722.72000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <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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          <isin value="US296110GF08"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-15</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD</name>
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          <isin value="US59259NS957"/>
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        <curCd>USD</curCd>
        <valUSD>4146986.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA PUBLIC FACILITIES AUTHORITY</title>
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          <isin value="US54639TBX90"/>
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        <valUSD>7789897.16000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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      <invstOrSec>
        <name>MEDFORD ORE HOSP FACS AUTH REV</name>
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          <isin value="US584283HD09"/>
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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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        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV</name>
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        <name>MIAMI BEACH FLA HEALTH FACS AUTH HOSP REV</name>
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      <invstOrSec>
        <name>TULSA CNTY OKLA INDL AUTH SR LIVING CMNTY REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO ILL BRD ED</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>READING PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US755638A456"/>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW JERSEY ST EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US646066Z948"/>
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      <invstOrSec>
        <name>E 470 PUB HWY AUTH COLO REV</name>
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        <title>E 470 PUBLIC HIGHWAY AUTHORITY</title>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HOSP REV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO ILL</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2050-01-01</maturityDt>
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        <name>KAREGNONDI WTR AUTH MICH</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NORTH DAKOTA ST HSG FIN AGY</name>
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        <name>ARMSTRONG SCH DIST PA</name>
        <lei>N/A</lei>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
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        <name>PRIVATE COLLEGES &amp; UNIVS AUTH GA REV</name>
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        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
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        <name>NEW JERSEY ECONOMIC DEV AUTH REV</name>
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        <name>NORTH TEX TWY AUTH REV</name>
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        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH HEALTH SVCS FAC LEASE REV</name>
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        <name>PORT GTR CINCINNATI DEV AUTH OHIO PKG FAC REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>PATRIOTS ENERGY GROUP S C GAS SYS REV</name>
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      <invstOrSec>
        <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>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
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        <name>CHESTER CNTY PA INDL DEV AUTH REV</name>
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        <name>POMPANO BEACH FLA REV</name>
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        <name>OHIO ST HOSP REV</name>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA HEALTH FACS AUTH HOSP REV</name>
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      <invstOrSec>
        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>BURKE CNTY GA DEV AUTH POLLUTN CTL REV</name>
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      <invstOrSec>
        <name>NEW JERSEY ST EDL FACS AUTH REV</name>
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          <isin value="US646066F544"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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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      <invstOrSec>
        <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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      <invstOrSec>
        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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          <isin value="US735220AV73"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YAVAPAI CNTY ARIZ INDL DEV AUTH HOSP FAC REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BK SPEARS/LIFERS TR VAR STS</name>
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          <isin value="US25156SGV34"/>
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        <name>PINAL CNTY ARIZ ELECTRICAL DIST NO 3 ELEC SYS REV</name>
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          <isin value="US722021CH37"/>
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        <name>SAN YSIDRO CALIF SCH DIST</name>
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        <name>ST LOUIS MO MUN FIN CORP LEASEHOLD REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
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        <title>FLORIDA INSTITUTE OF TECH</title>
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        <name>ASHLAND KY MED CTR REV</name>
        <lei>N/A</lei>
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        <name>CAMDEN CNTY N J IMPT AUTH SCH REV</name>
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        <name>INDIANA ST FIN AUTH REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
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        <name>ALLENTOWN PA COML &amp; INDL DEV AUTH ED FAC LEASE REV</name>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORP N Y REV</name>
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        <name>DESCHUTES CNTY ORE HOSP FACS AUTH HOSP REV</name>
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        <name>TEMPE ARIZ INDL DEV AUTH REV</name>
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        <name>MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV</name>
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        <name>NEW JERSEY ECONOMIC DEV AUTH ST LEASE REV</name>
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        <name>KENTUCKY ECONOMIC DEV FIN AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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="US25156SGS05"/>
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        <valUSD>2500000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CANON MCMILLAN SCH DIST PA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MIDLOTHIAN TEX INDPT SCH DIST</name>
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          <isin value="US5978514W19"/>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH ED REV</name>
        <lei>N/A</lei>
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          <isin value="US04052BEU44"/>
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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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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
        <lei>N/A</lei>
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          <isin value="US452017AS51"/>
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        <curCd>USD</curCd>
        <valUSD>1268708.61000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
        <lei>N/A</lei>
        <title>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN</title>
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          <isin value="US87638REV50"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA REV</name>
        <lei>N/A</lei>
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        <name>OREGON ST FACS AUTH REV</name>
        <lei>N/A</lei>
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        <name>MONTGOMERY CNTY OHIO HOSP REV</name>
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        <name>BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV</name>
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        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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        <name>PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV</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>FRANKLIN CNTY OHIO HEALTH CARE FACS REV</name>
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        <name>EVANSVILLE IND REDEV AUTH REDEV LEASE RENT</name>
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        <name>EL CAMINO CALIF CMNTY COLLEGE DIST</name>
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        <name>WEST HARRIS CNTY TEX REGL WTR AUTH WTR SYS REV</name>
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        <name>CHICAGO ILL O HARE INTL ARPT REV</name>
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        <name>ROSS CNTY OHIO HOSP REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTA ANA CALIF UNI SCH DIST CTFS PARTN</name>
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          <isin value="US801163DK98"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
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          <isin value="US70879QV913"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX ARIZ INDL DEV AUTH ED REV</name>
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          <isin value="US71885FEK93"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOMEWOOD ALA EDL BLDG AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US437887HG07"/>
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      <invstOrSec>
        <name>BERKS CNTY PA MUN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US084538JH15"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-30</maturityDt>
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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="US59447TVA86"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-02-15</maturityDt>
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      <invstOrSec>
        <name>INDIANA FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US45471FAF80"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
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          <isin value="US57584YL648"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>831517.56000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CORPUS CHRISTI TEX UTIL SYS REV</name>
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        <name>BURKE CNTY GA DEV AUTH POLLUTN CTL REV</name>
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        <name>LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV</name>
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        <name>GARLAND TEX ELEC UTIL SYS REV</name>
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        <name>ARLINGTON TEX SPL TAX REV</name>
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        <name>MASSACHUSETTS ST HSG FIN AGY HSG REV</name>
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        <name>IOWA HIGHER ED LN AUTH REV</name>
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        <name>MAIN STR NAT GAS INC GA GAS SUPPLY REV</name>
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        <name>RED RIV ED FIN CORP TEX HIGHER ED REV</name>
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        <name>METROPOLITAN TRANSN AUTH N Y REV</name>
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        <name>ILLINOIS FIN AUTH STUDENT HSG &amp; ACADEMIC FAC REV</name>
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        <name>BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV</name>
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        <name>NEBRASKA EDL HEALTH CULTURAL &amp; SOCIAL SVCS FIN AUTH REV</name>
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        <name>OHIO ST HIGHER EDL FAC COMMN  REV</name>
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        <name>SHREVEPORT LA WTR &amp; SWR REV</name>
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        <name>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DEL MAR TEX COLLEGE DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS EDL FAC REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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          <isin value="US916856HA86"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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      <invstOrSec>
        <name>RHODE ISLAND HSG &amp; MTG FIN CORP</name>
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          <isin value="US76221SHL88"/>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT FAC REV</name>
        <lei>N/A</lei>
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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="US25483VVQ49"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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="US64985SNH21"/>
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        <valUSD>362850.71000000</valUSD>
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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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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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          <isin value="US57584XKB63"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
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        <name>SALEM ORE HOSP FAC AUTH REV</name>
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        <name>YAMHILL CNTY ORE HOSP AUTH REV</name>
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        <name>OHIO ST HIGHER EDL FAC COMMN  REV</name>
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        <name>SIERRA VISTA ARIZ INDL DEV AUTH ED FAC REV</name>
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        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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        <name>WEST HARRIS CNTY TEX REGL WTR AUTH WTR SYS REV</name>
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        <title>WEST HARRIS COUNTY REGIO</title>
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        <name>EVERMAN TEX INDPT SCH DIST</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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          <isin value="US709224WQ83"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <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="US60637APX45"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KING CNTY WASH PUB HOSP DIST NO 001</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>DELAWARE CNTY PA AUTH UNIV REV</name>
        <lei>N/A</lei>
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          <isin value="US246008PQ38"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO ILL WASTEWATER TRANSMISSION REV</name>
        <lei>N/A</lei>
        <title>CHICAGO IL WSTWTR TRANSMISSION REVENUE</title>
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          <isin value="US167727YK64"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MANHATTAN KANS HEALTH CARE FAC REV</name>
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          <isin value="US563017EF56"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</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>
        <name>BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV</name>
        <lei>N/A</lei>
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          <isin value="US09182TEV52"/>
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        <balance>9175000.00000000</balance>
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        <valUSD>9583665.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-01</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>MOBILE CNTY ALA INDL DEV AUTH SOLID WASTE DISP REV</name>
        <lei>N/A</lei>
        <title>MOBILE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
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          <isin value="US60733UAB70"/>
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        <valUSD>955361.79000000</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>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</title>
        <cusip>66353RCC6</cusip>
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          <isin value="US66353RCC60"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4000644.84000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RICHMOND IND HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>RICHMOND HOSPITAL AUTHORITY</title>
        <cusip>764791BB4</cusip>
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          <isin value="US764791BB42"/>
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        <balance>7000000.00000000</balance>
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        <valUSD>7002634.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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        <name>LEHIGH CNTY PA GEN PURP HOSP REV</name>
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        <name>LANCASTER PA MUN AUTH HEALTHCARE FACS REV</name>
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        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX RETIREMENT FAC REV</name>
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        <name>GRAND FORKS N D HEALTH CARE SYS REV</name>
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      <invstOrSec>
        <name>KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV</name>
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        <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>
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      <invstOrSec>
        <name>ST JOHNS CNTY FLA INDL DEV AUTH REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MIDDLEBURG HEIGHTS OHIO HOSP REV</name>
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      <invstOrSec>
        <name>MONTGOMERY CNTY PA HIGHER ED &amp; HEALTH AUTH REV</name>
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        <name>MONTGOMERY CNTY OHIO HOSP REV</name>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH LEASE REV</name>
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        <name>LAS VEGAS NEV CONVENTION &amp; VISITORS AUTH REV</name>
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      <invstOrSec>
        <name>ATLANTIC BEACH FLA HEALTH CARE FACS REV</name>
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          <isin value="US048251BR29"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JACKSONVILLE FLA HEALTH CARE FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HEALTHCARE FACS REV</name>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
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        <name>HAMILTON CNTY OHIO HEALTH CARE REV</name>
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        <name>MONTGOMERY CNTY PA INDL DEV AUTH REV</name>
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        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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        <name>PUBLIC FIN AUTH WIS ED REV</name>
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        <name>ILLINOIS ST</name>
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        <name>CALIFORNIA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>EVANSVILLE IND REDEV AUTH REDEV LEASE RENT</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PASCO CNTY FLA CAP IMPT CIG TAX ALLOCATION</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US156792FL28"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>PORT PORTLAND ORE ARPT REV</name>
        <lei>N/A</lei>
        <title>PORT OF PORTLAND OR AIRPORT REVENUE</title>
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          <isin value="US7352404H33"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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      <invstOrSec>
        <name>JACKSON MICH PUB SCHS</name>
        <lei>N/A</lei>
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          <isin value="US468312HT36"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO ST HLTH FACS AUTH HOSP REVENUE</title>
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          <isin value="US19648FRW67"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH LOUISVILLE ARENA PROJ</name>
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          <isin value="US49127KBU34"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH REV</name>
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          <isin value="US165588FN90"/>
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        <name>RENO-TAHOE ARPT AUTH NEV ARPT REV</name>
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        <name>SANGAMON CNTY ILL WTR RECLAMATION DIST</name>
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        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US45204E6G87"/>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH REV</name>
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        <name>FLORIDA DEV FIN CORP HEALTHCARE FACS REV</name>
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        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>CHICAGO ILL</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>PARAMOUNT UNIFIED SCHOOL DISTRICT</title>
        <cusip>699211HT8</cusip>
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          <isin value="US699211HT87"/>
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        <valUSD>1931264.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>PARAMOUNT UNIFIED SCHOOL DISTRICT</title>
        <cusip>699211JD1</cusip>
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          <isin value="US699211JD18"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2044502.22000000</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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      </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"/>
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        <balance>3715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3720316.90000000</valUSD>
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        <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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>LOUISIANA PUBLIC FACILITIES AUTHORITY</title>
        <cusip>546399PB6</cusip>
        <identifiers>
          <isin value="US546399PB68"/>
          <other otherDesc="Internal" value="546399PB6"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>876359.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV</name>
        <lei>N/A</lei>
        <title>PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY</title>
        <cusip>69650MAW9</cusip>
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          <isin value="US69650MAW91"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS CHARTER SCH REV</name>
        <lei>N/A</lei>
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          <isin value="US744396JF09"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>INDIANA ST FIN AUTH REVENUE</title>
        <cusip>45506DV44</cusip>
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          <isin value="US45506DV441"/>
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        <balance>3895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3856702.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
        <lei>N/A</lei>
        <title>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCIAL AU</title>
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          <isin value="US34073TPN18"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>905713.12000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH RETIREMENT CMNTY REV</name>
        <lei>N/A</lei>
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        <cusip>83704EAA2</cusip>
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          <isin value="US83704EAA29"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORP N Y REV</name>
        <lei>N/A</lei>
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          <isin value="US12008EUT18"/>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2053-04-15</maturityDt>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
        <title>NORTH TEXAS TOLLWAY AUTHORITY</title>
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          <isin value="US66285WW691"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WIS EDL FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US74443DKY66"/>
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        <name>ARMSTRONG SCH DIST PA</name>
        <lei>N/A</lei>
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        <name>BUCKINGHAM SENIOR LIVING COMMUNITY INC</name>
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        <name>ILLINOIS FIN AUTH CHARTER SCH REV</name>
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      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMN</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>POLK CNTY FLA INDL DEV AUTH RETIREMENT FAC REV</name>
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        <name>NEW JERSEY ECONOMIC DEV AUTH REV</name>
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        <name>KENTUCKY ECONOMIC DEV FIN AUTH HOSP FACS REV</name>
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        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH REV</name>
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        <name>GAINESVILLE &amp; HALL CNTY GA HOSP AUTH REV ANTIC CTFS</name>
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        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH REV</name>
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        <name>TOBACCO SETTLEMENT FING CORP N J</name>
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        <name>METROPOLITAN NASHVILLE ARPT AUTH TENN ARPT REV</name>
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        <name>PARAMOUNT CALIF UNI SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANAPOLIS IND LOC PUB IMPT BD BK</name>
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        <name>WASHINGTON ST HIGHER ED FACS AUTH REV</name>
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        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
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        <name>RED RIV ED FIN CORP TEX HIGHER ED REV</name>
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        <name>POLK CNTY FLA INDL DEV AUTH RETIREMENT FAC REV</name>
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        <name>MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV</name>
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      <invstOrSec>
        <name>DENVER COLO HEALTH &amp; HOSP AUTH HEALTHCARE REV</name>
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      <invstOrSec>
        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH REV</name>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH REV</name>
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      <invstOrSec>
        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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          <isin value="US735220AT28"/>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA SAN AUTH SWR REV</name>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD REV</name>
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      <invstOrSec>
        <name>ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV</name>
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        <title>ST LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HANNIBAL MO INDL DEV AUTH HEALTH FACS REV</name>
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        <invCountry>US</invCountry>

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        <name>PASSAIC CNTY N J IMPT AUTH CHARTER SCH REV</name>
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        <name>VERMONT EDL &amp; HEALTH BLDGS FING AGY REV</name>
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        <name>KENTUCKY BD DEV CORP EDL FACS REV</name>
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        <name>BEXAR CNTY TEX REV</name>
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        <name>ALLEGANY CNTY N Y CAP RESOURCE CORP REV</name>
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        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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        <name>ALACHUA CNTY FLA HEALTH FACS AUTH CONTINUING CARE RETIREMENT CMNTY REV</name>
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        <name>CENTERVILLE OHIO HEALTH CARE REV</name>
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        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
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        <name>EL CAMINO CALIF CMNTY COLLEGE DIST</name>
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        <name>City of New York</name>
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        <name>METROPOLITAN PIER &amp; EXPOSITION AUTH ILL REV</name>
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        <name>CUYAHOGA CNTY OHIO HOSP REV</name>
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        <name>ORANGE CNTY FLA HEALTH FACS AUTH REV</name>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y REVS</name>
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        <name>ILLINOIS HSG DEV AUTH REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
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        <name>ALLEGHENY CNTY PA ARPT AUTH ARPT REV</name>
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        <name>ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV</name>
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        <name>TAMPA FLA HSG AUTH MULTIFAMILY HSG REV</name>
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        <name>PUBLIC FIN AUTH WIS EDL REV</name>
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        <name>BOYLE CNTY KY EDL FACS REV</name>
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        <name>STODDARD CNTY MO INDL DEV AUTH HEALTH FACS REV</name>
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        <name>NEW JERSEY HEALTH CARE FACS FING AUTH</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <name>KING CNTY WASH PUB HOSP DIST NO 002</name>
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        <name>ATLANTIC BEACH FLA HEALTH CARE FACS REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>HAWAII ST ARPTS SYS REV</name>
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        <name>BEXAR CNTY TEX HEALTH FACS DEV CORP REV</name>
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        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH HOSP REV</name>
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        <name>BUCKS CNTY PA INDL DEV AUTH HOSP REV</name>
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        <name>WYANDOTTE CNTY KANS CITY KANS UNI GOVT UTIL SYS REV</name>
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        <name>PUBLIC FIN AUTH WIS EDL REV</name>
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        <name>NORTHERN ILL UNIV REVS</name>
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        <name>MIAMI-DADE CNTY FLA RICKENBACKER CSWY REV</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>PHOENIX ARIZ INDL DEV AUTH STUDENT HSG REV</name>
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        <name>MISSOURI DEV FIN BRD INFRASTRUCTURE FACS LEASEHOLD REV</name>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS CAP IMPT REV</name>
        <lei>N/A</lei>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNECTICUT ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NEWARK N J MASS TRAN ACCESS TAX REV</name>
        <lei>N/A</lei>
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          <isin value="US650360AC44"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV</name>
        <lei>N/A</lei>
        <title>NORTH CAROLINA MEDICAL CARE COMMISSION</title>
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          <isin value="US65820YQG43"/>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <title>WISCONSIN ST HLTH EDUCTNL FACS AUTH REVENUE</title>
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          <isin value="US97712D5Q53"/>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMN NONPROFIT HSG REV</name>
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        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
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          <isin value="US939783Q745"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LUCAS CNTY OHIO HOSP REV</name>
        <lei>N/A</lei>
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        <cusip>549310WE6</cusip>
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          <isin value="US549310WE66"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>GLYNN-BRUNSWICK MEM HOSP AUTH GA REV</name>
        <lei>N/A</lei>
        <title>GLYNN BRUNSWICK MEMORIAL HOSPITAL AUTHORITY</title>
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          <isin value="US380037GR63"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MAINE HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>MAINE HEALTH HIGHER EDUCATIONAL FACILITIES AUTHO</title>
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        <name>PALM BEACH CNTY FLA HEALTH FACS AUTH RETIREMENT CMNTY REV</name>
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      <invstOrSec>
        <name>CHICAGO ILL BRD ED</name>
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        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
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        <title>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN</title>
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        <name>CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <name>LOUISIANA PUB FACS AUTH REV</name>
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        <name>NORTHEASTERN PA HOSP &amp; ED AUTH COLLEGE REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>DCH HEALTH CARE AUTH ALA</name>
        <lei>N/A</lei>
        <title>DCH HEALTHCARE AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV</name>
        <lei>N/A</lei>
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          <isin value="US791524CE94"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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          <isin value="US523470HY13"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MISSOURI ST HSG DEV COMMN SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MISSOURI HOUSING DEVELOPMENT COMMISSION</title>
        <cusip>60637GKN8</cusip>
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          <isin value="US60637GKN87"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>UPTOWN DEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
        <lei>N/A</lei>
        <title>UPTOWN DEVELOPMENT AUTHORITY</title>
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        <identifiers>
          <isin value="US916856GQ48"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>UNION CNTY ORE HOSP FAC AUTH REV</name>
        <lei>N/A</lei>
        <title>UNION COUNTY HOSPITAL FACILITY AUTHORITY</title>
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          <isin value="US906420CH58"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PALM BEACH CNTY FLA EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>PALM BEACH COUNTY EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>696506AT1</cusip>
        <identifiers>
          <isin value="US696506AT19"/>
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        <balance>2070000.00000000</balance>
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        <valUSD>1733131.95000000</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>2051-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CLIFTON TEX HIGHER ED FIN CORP HIGHER ED REV</name>
        <lei>N/A</lei>
        <title>CLIFTON HIGHER EDUCATION FINANCE CORP</title>
        <cusip>187155BR6</cusip>
        <identifiers>
          <isin value="US187155BR63"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1376436.08000000</valUSD>
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        <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>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>CERRITOS COMMUNITY COLLE</title>
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        <identifiers>
          <isin value="US156792FF59"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>896538.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW HOPE CULTURAL ED FACS FIN CORP TEX CAP IMPT REV</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE COR</title>
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        <identifiers>
          <isin value="US64542YAL02"/>
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        <valUSD>1004234.62000000</valUSD>
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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>5.00000000</annualizedRt>
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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>
        <cusip>63608SAM4</cusip>
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          <isin value="US63608SAM44"/>
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        <invCountry>US</invCountry>

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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>YSLETA TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>YSLETA TX INDEP SCH DIST</title>
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        <invCountry>US</invCountry>

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          <maturityDt>2052-08-15</maturityDt>
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        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
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        <name>NEW YORK TRANSN DEV CORP SPL FAC REV</name>
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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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        <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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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>INDIO CALIF REDEV AGY TAX ALLOC</name>
        <lei>N/A</lei>
        <title>INDIO REDEVELOPMENT AGENCY SUCCESSOR AGENCY</title>
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        <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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          <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>ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
        <title>ESCAMBIA CNTY FL HLTH FACS AUTH</title>
        <cusip>296110GD5</cusip>
        <identifiers>
          <isin value="US296110GD59"/>
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        <balance>6265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5618814.33000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
        <title>INDIANA FINANCE AUTHORITY</title>
        <cusip>45471CDQ8</cusip>
        <identifiers>
          <isin value="US45471CDQ87"/>
          <other otherDesc="Internal" value="45471CDQ8"/>
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        <curCd>USD</curCd>
        <valUSD>1031512.30000000</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>2054-03-01</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>MISSOURI ST HEALTH &amp; EDL FACS AUTH HEALTH FACS REV</name>
        <lei>N/A</lei>
        <title>HEALTH EDUCATIONAL FACILITIES AUTHORITY OF THE S</title>
        <cusip>60637AUD2</cusip>
        <identifiers>
          <isin value="US60637AUD26"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432651.07000000</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>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>SHREVEPORT LA WTR &amp; SWR REV</name>
        <lei>N/A</lei>
        <title>SHREVEPORT LA WTR SWR REVENUE SER B</title>
        <cusip>825485VE2</cusip>
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          <isin value="US825485VE29"/>
          <other otherDesc="Internal" value="825485VE2"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1102529.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLUMBIA CNTY GA HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>COLUMBIA COUNTY HOSPITAL AUTHORITY GA</title>
        <cusip>197479AE8</cusip>
        <identifiers>
          <isin value="US197479AE83"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031003.27000000</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>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
        <cusip>45204EHC5</cusip>
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          <isin value="US45204EHC57"/>
          <other otherDesc="Internal" value="45204EHC5"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2000201.42000000</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>2038-03-01</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>
        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE DORMITORY AUTHORITY</title>
        <cusip>65000B7X0</cusip>
        <identifiers>
          <isin value="US65000B7X05"/>
          <other otherDesc="Internal" value="65000B7X0"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2031010.59000000</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>2049-10-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <cusip>647377AN0</cusip>
        <identifiers>
          <isin value="US647377AN06"/>
          <other otherDesc="Internal" value="647377AN0"/>
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        <balance>8625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8058885.67000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CANON MCMILLAN SCH DIST PA</name>
        <lei>N/A</lei>
        <title>CANON MCMILLAN SCHOOL DISTRICT</title>
        <cusip>138010YR8</cusip>
        <identifiers>
          <isin value="US138010YR80"/>
          <other otherDesc="Internal" value="138010YR8"/>
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        <balance>1105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1065134.53000000</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>2048-06-01</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>TEXAS TRANSN COMMN ST HWY 249 SYS TOLL REV</name>
        <lei>N/A</lei>
        <title>TEXAS TRANSPORTATION COMMISSION</title>
        <cusip>88283NAZ5</cusip>
        <identifiers>
          <isin value="US88283NAZ50"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5060383.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-08-01</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>
        <name>OKLAHOMA ST MUN PWR AUTH PWR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>OKLAHOMA MUNICIPAL POWER AUTHORITY</title>
        <cusip>67910HQC7</cusip>
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          <isin value="US67910HQC78"/>
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        <valUSD>9478755.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST FIN AUTH LTD OBLIG REVENUE</title>
        <cusip>594479FQ5</cusip>
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          <isin value="US594479FQ58"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST URBAN DEV CORP REV</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE URBAN DEVELOPMENT CORP</title>
        <cusip>650036AN6</cusip>
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          <isin value="US650036AN60"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4881362.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV</name>
        <lei>N/A</lei>
        <title>SOUTH CAROLINA ST JOBS ECONOMIC DEVELOPMENT AUTHOR</title>
        <cusip>837031ZA4</cusip>
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          <isin value="US837031ZA49"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH ST CHARTER SCH FIN AUTH CHARTER SCH REV</name>
        <lei>N/A</lei>
        <title>UTAH CHARTER SCHOOL FINANCE AUTHORITY</title>
        <cusip>91754TH63</cusip>
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          <isin value="US91754TH635"/>
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        <valUSD>1313672.89000000</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>2051-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
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          <isin value="US70917TEA51"/>
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        <balance>2025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1716335.82000000</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>2046-07-15</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>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US594615GZ36"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FLORIDA HSG FIN CORP REV</name>
        <lei>N/A</lei>
        <title>FLORIDA HOUSING FINANCE CORP</title>
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        <valUSD>395628.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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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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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>FLINT MICH HOSP BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>FLINT MI HOSP BLDG AUTH REVENUE</title>
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          <isin value="US339511EX19"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV</name>
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          <isin value="US734782EC59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST TPK AUTH CENT TEX TPK SYS REV</name>
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          <isin value="US882762AU11"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV</name>
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          <isin value="US154871CP00"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <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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          <isin value="US60637GGR48"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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          <isin value="US57584XQ870"/>
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        <name>SAN YSIDRO CALIF SCH DIST</name>
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          <isin value="US799561KN41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
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        <name>WEST VIRGINIA ST HOSP FIN AUTH HOSP REV</name>
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          <isin value="US956622W345"/>
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        <name>TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV</name>
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        <name>FORSYTH MONT POLLUTION CTL REV</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>ALLENTOWN PA COML &amp; INDL DEV AUTH ED FAC LEASE REV</name>
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        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH WTR &amp; SWR SYS REV</name>
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          <isin value="US64972GZW76"/>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ADAMS CNTY PA GEN AUTH COLLEGE REV</name>
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        <title>ADAMS CNTY PA GEN</title>
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          <isin value="US00611PAU93"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONTGOMERY CNTY OHIO HEALTH CARE FACS REV</name>
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          <isin value="US613518DJ50"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP DISTR REV</name>
        <lei>N/A</lei>
        <title>CITY OF PHOENIX CIVIC IMPROVEMENT CORP</title>
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          <isin value="US71884WAT80"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALABAMA HSG FIN AUTH SINGLE FAMILY MTG REV</name>
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          <isin value="US01030RNT58"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
        <title>NORTH TEXAS TOLLWAY AUTHORITY</title>
        <cusip>66285WXZ4</cusip>
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          <isin value="US66285WXZ49"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3799274.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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="US57584Y4J50"/>
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        <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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      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>165588DL5</cusip>
        <identifiers>
          <isin value="US165588DL52"/>
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        <valUSD>2948115.14000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
        <lei>N/A</lei>
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        <cusip>7092235S6</cusip>
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          <isin value="US7092235S60"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COLUMBIA ALA INDL DEV BRD POLLUTN CTL REV</name>
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        <title>COLUMBIA INDUSTRIAL DEVELOPMENT BOARD</title>
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          <isin value="US197210AX50"/>
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        <isRestrictedSec>N</isRestrictedSec>

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          <annualizedRt>2.10000000</annualizedRt>
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        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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          <isin value="US709225DZ68"/>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY METRO GOVT HOSP REV</name>
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        <name>INDIANA ST FIN AUTH REV</name>
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        <name>DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV</name>
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        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
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        <title>FLORIDA INSTITUTE OF TECH</title>
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      <invstOrSec>
        <name>GENESEE CNTY MICH</name>
        <lei>N/A</lei>
        <title>COUNTY OF GENESEE MI</title>
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        <name>HAMILTON CNTY OHIO HEALTH CARE REV</name>
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        <name>CARSON CITY NEV HOSP REV</name>
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        <name>CHICAGO ILL BRD ED DEDICATED CAP IMPT</name>
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        <name>SOUTHLANDS MET DIST NO 1 COLO</name>
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        <name>PIMA CNTY ARIZ INDL DEV AUTH ED REV</name>
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        <name>MIAMI-DADE CNTY FLA AVIATION REV</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
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        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
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        <name>NORMAN OKLA REGL HOSP AUTH HOSP REV</name>
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        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
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        <name>CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <valUSD>762146.24000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
        <lei>N/A</lei>
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          <isin value="US709224ZD44"/>
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        <curCd>USD</curCd>
        <valUSD>4064522.71000000</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>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PARAMOUNT CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US699211HP65"/>
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        <curCd>USD</curCd>
        <valUSD>1563408.05000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEE CNTY FLA INDL DEV AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY FL</title>
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          <isin value="US52350LAR15"/>
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        <curCd>USD</curCd>
        <valUSD>3994004.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</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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      <invstOrSec>
        <name>SHELBY CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>SHELBY COUNTY HEALTH EDUCATIONAL FACILITIES BOAR</title>
        <cusip>82170LAB1</cusip>
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          <isin value="US82170LAB18"/>
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        <curCd>USD</curCd>
        <valUSD>968352.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLUMBUS OHIO REGL ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>COLUMBUS REGIONAL AIRPORT AUTHORITY</title>
        <cusip>199546DD1</cusip>
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          <isin value="US199546DD11"/>
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        <curCd>USD</curCd>
        <valUSD>2119572.75000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL PASO CNTY TEX HOSP DIST REV</name>
        <lei>N/A</lei>
        <title>EL PASO COUNTY HOSPITAL DISTRICT</title>
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          <isin value="US283605EF67"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170401.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL MONTE CALIF UN HIGH SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US283353QM50"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>5372443.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEWISTOWN COMM CTR CMNTY DEV AUTH VA REV</name>
        <lei>N/A</lei>
        <title>LEWISTOWN COMMERCE CENTER COMMUNITY DEVELOPMENT AU</title>
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          <isin value="US528734AK25"/>
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        <balance>6326564.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2688789.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TEX HOSP DIST REV</name>
        <lei>N/A</lei>
        <title>HARRIS COUNTY HOSPITAL DISTRICT</title>
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          <isin value="US41415WCR16"/>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SCRANTON PA SCH DIST</name>
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          <isin value="US810827XJ96"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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      <invstOrSec>
        <name>HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV</name>
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        <title>HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANC</title>
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          <isin value="US414009FB14"/>
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        <name>SAN ANTONIO TEX ED FACS CORP REV</name>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH N H REV</name>
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        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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        <name>DOUGLAS CNTY NEB HOSP AUTH NO 3 REV</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REV</name>
        <lei>N/A</lei>
        <title>MISSOURI DEVELOPMENT FINANCE BOARD</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>SARASOTA CNTY FLA HEALTH FACS AUTH RETIREMENT FAC REV</name>
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        <name>NORTHERN ILL MUN PWR AGY PWR PROJ REV</name>
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        <name>GREATER TEX CULTURAL ED FACS FIN CORP TEX LEASE REV</name>
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        <name>LANCASTER PA INDL DEV AUTH HEALTH CTR REV</name>
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        <name>WASHINGTON ST HEALTH CARE FACS AUTH REV</name>
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        <name>WILKES-BARRE PA AREA SCH DIST</name>
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        <name>SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH ECONOMIC DEV REV</name>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
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        <name>BERKS CNTY PA MUN AUTH REV</name>
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        <name>NEW YORK LIBERTY DEV CORP LIBERTY REV</name>
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      <invstOrSec>
        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
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        <name>WILKES-BARRE PA AREA SCH DIST</name>
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        <invCountry>US</invCountry>

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        <name>UNION CNTY ORE HOSP FAC AUTH REV</name>
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          <isin value="US906420CJ15"/>
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        <name>JEFFERSON CNTY ALA SWR REV</name>
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        <name>BEXAR CNTY TEX REV</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BEXAR CNTY TEX HEALTH FACS DEV CORP REV</name>
        <lei>N/A</lei>
        <title>BEXAR COUNTY HEALTH FACILITIES DEVELOPMENT CORP</title>
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          <isin value="US088354GL30"/>
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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>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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          <isin value="US187145WQ62"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNIVERSITY N D CTFS PARTN</name>
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        <name>SPOKANE CNTY WASH ARPT REV</name>
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        <name>CRISP CNTY GA HOSP AUTH REV ANTIC CTFS</name>
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        <name>CAPITAL TR AGY FLA EDL FACS REV</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
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        <name>PHOENIX ARIZ CIVIC IMPT CORP DISTR REV</name>
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        <name>OHIO ST HOSP REV</name>
        <lei>N/A</lei>
        <title>STATE OF OHIO</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>JACKSON MICH PUB SCHS</name>
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      <invstOrSec>
        <name>NEW JERSEY HEALTH CARE FACS FING AUTH ST CONTRACT</name>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS HEALTHCARE FACS REV</name>
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        <name>GREENEVILLE TENN HEALTH &amp; EDL FACS BRD HOSP REV</name>
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      <invstOrSec>
        <name>JEFFERSON LA SALES TAX DIST SPL SALES TAX REV</name>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
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        <name>MONTANA ST BRD HSG SINGLE FAMILY MTG</name>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y REVS</name>
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        <name>LOUISIANA PUB FACS AUTH REV</name>
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        <name>HILLSBOROUGH CNTY FLA SOLID WASTE &amp; RES RECOVERY REV</name>
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        <name>MATAGORDA CNTY TEX NAV DIST NO 1 POLLUTN CTL REV</name>
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      <invstOrSec>
        <name>TENNERGY CORP TENN GAS REV</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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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>
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          <isin value="US213248BJ58"/>
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        <curCd>USD</curCd>
        <valUSD>7992024.90000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MISSISSIPPI HOME CORP SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MISSISSIPPI HOME CORP</title>
        <cusip>60535Q2A7</cusip>
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          <isin value="US60535Q2A70"/>
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        <valUSD>1702809.67000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHERN TOB SECURITIZATION CORP ALASKA TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
        <title>NORTHERN TOBACCO SECURITIZATION CORP</title>
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          <isin value="US66585VBY02"/>
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        <valUSD>858402.63000000</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>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
        <title>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</title>
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          <isin value="US04109HBF01"/>
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        <balance>2500000.00000000</balance>
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        <valUSD>1692764.47000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LOS ALAMITOS CALIF UNI SCH DIST CTFS PARTN</name>
        <lei>N/A</lei>
        <title>LOS ALAMITOS UNIFIED SCHOOL DISTRICT</title>
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          <isin value="US544204DP25"/>
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        <curCd>USD</curCd>
        <valUSD>1341683.81000000</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>2034-08-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN OIL FRANCHISE TAX REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA TURNPIKE COMMISSION</title>
        <cusip>709221WU5</cusip>
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          <isin value="US709221WU56"/>
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        <balance>5645000.00000000</balance>
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        <valUSD>5242798.49000000</valUSD>
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        <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>
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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"/>
          <other otherDesc="Internal" value="45204FRX5"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>960530.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>PUBLIC FINANCE AUTHORITY</title>
        <cusip>74439YFZ9</cusip>
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          <isin value="US74439YFZ97"/>
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        <balance>375000.00000000</balance>
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        <valUSD>376294.98000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARKANSAS ST DEV FIN AUTH TOB SETTLEMENT REV</name>
        <lei>N/A</lei>
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        <cusip>04109HBB9</cusip>
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          <isin value="US04109HBB96"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>936764.98000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GRAND FORKS N D HEALTH CARE SYS REV</name>
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        <title>CITY OF GRAND FORKS ND</title>
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          <isin value="US38546WDS61"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY MTG REV</name>
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        <title>INDIANA HOUSING COMMUNITY DEVELOPMENT AUTHORITY</title>
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          <isin value="US45505WBZ68"/>
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        <name>OMAHA NEB ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>OMAHA AIRPORT AUTHORITY</title>
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        <name>LIVONIA MICH PUB SCHS SCH DIST</name>
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        <name>FLORIDA DEV FIN CORP EDL FACS REV</name>
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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS SR LIVING REV</name>
        <lei>N/A</lei>
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        <pctVal>0.136163364301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</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>COLORADO EDL &amp; CULTURAL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>COLORADO EDUCATIONAL CULTURAL FACILITIES AUTHORI</title>
        <cusip>19645UKT0</cusip>
        <identifiers>
          <isin value="US19645UKT06"/>
          <other otherDesc="Internal" value="19645UKT0"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554929.70000000</valUSD>
        <pctVal>0.034283846261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly 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>2026-03-30</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>
