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        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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        <valUSD>7489031.50000000</valUSD>
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        <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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          <isin value="US01728A4A18"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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          <isin value="US01728A5C64"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>ALLEGHENY COUNTY AIRPORT AUTHORITY</title>
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          <isin value="US01728LFJ61"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA ARPT AUTH ARPT REV</name>
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          <isin value="US01728LKY73"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA SAN AUTH SWR REV</name>
        <lei>N/A</lei>
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          <isin value="US017357B943"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA SAN AUTH SWR REV</name>
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          <isin value="US017357C289"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA SAN AUTH SWR REV</name>
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          <isin value="US017357R717"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>918791.96000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALLEN CNTY OHIO HOSP FACS REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE</title>
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          <isin value="US01757LGB62"/>
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        <valUSD>4988156.13000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ALLEN CNTY OHIO HOSP FACS REV</name>
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          <isin value="US01757LGC46"/>
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        <name>ALLEN CNTY OHIO HOSP FACS REV</name>
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      <invstOrSec>
        <name>ALLENTOWN PA COML &amp; INDL DEV AUTH ED FAC LEASE REV</name>
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        <name>ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ANSONIA CONN CTFS PARTN</name>
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          <isin value="US036528AN75"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLING CNTY GA DEV AUTH POLLUTN CTL REV</name>
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          <isin value="US038315EV58"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>ARLINGTON TEX HIGHER ED FIN CORP ED REV</name>
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        <name>ASHLAND KY MED CTR REV</name>
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        <name>ASHLAND KY MED CTR REV</name>
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        <name>BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV</name>
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        <name>BROWARD CNTY FLA TOURIST DEV TAX REV</name>
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        <name>BUFFALO &amp; ERIE CNTY N Y INDL LD DEV CORP REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL TR AUTH FLA EDL FACS REV</name>
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      <invstOrSec>
        <name>CAPITAL TR AUTH FLA REV</name>
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      <invstOrSec>
        <name>CARSON CITY NEV HOSP REV</name>
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      <invstOrSec>
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        <name>CARSON CITY NEV HOSP REV</name>
        <lei>N/A</lei>
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        <name>CARSON CITY NEV HOSP REV</name>
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        <name>CARSON CITY NEV HOSP REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CASINO REINVESTMENT DEV AUTH NJ LUXURY TAX REV</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTERVILLE OHIO HEALTH CARE REV</name>
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          <isin value="US152241AY16"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV</name>
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        <name>CERRITOS CALIF CMNTY COLLEGE DIST</name>
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        <name>CHAMPAIGN CNTY ILL CMNTY UNIT SCH DIST NO 004</name>
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        <name>CHARLESTON CNTY S C ARPT DIST ARPT SYS REV</name>
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        <name>CHARLESTON S C HSG AUTH REV</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>CHICAGO ILL WASTEWATER TRANSMISSION REV</name>
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      <invstOrSec>
        <name>CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV</name>
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        <title>CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND</title>
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      <invstOrSec>
        <name>CHICAGO ILL TRAN AUTH SALES TAX RCPTS REV</name>
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      <invstOrSec>
        <name>CHICAGO ILL WTR REV</name>
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          <isin value="US1677362J52"/>
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      <invstOrSec>
        <name>CITYPLACE CMNTY DEV DIST FLA SPL ASSMT REV</name>
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          <isin value="US17877SAN27"/>
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        <name>CITYPLACE CMNTY DEV DIST FLA SPL ASSMT REV</name>
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      <invstOrSec>
        <name>CLACKAMAS CNTY ORE HOSP FAC AUTH REV</name>
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        <name>CLACKAMAS CNTY ORE HOSP FAC AUTH REV</name>
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        <name>CLAIRTON PA MUN AUTH SWR REV</name>
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        <name>CLEVELAND-CUYAHOGA CNTY OHIO PORT AUTH LEASE REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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        <name>CLIFTON TEX HIGHER ED FIN CORP ED REV</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>DALLAS FORT WORTH TEX INTL ARPT REV</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>DELAWARE CNTY PA AUTH UNIV REV</name>
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      <invstOrSec>
        <name>DELAWARE ST HSG AUTH REV</name>
        <lei>N/A</lei>
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        <name>DENVER COLO HEALTH &amp; HOSP AUTH HEALTHCARE REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DISTRICT COLUMBIA REV</name>
        <lei>N/A</lei>
        <title>DISTRICT OF COLUMBIA</title>
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          <isin value="US25483VWB60"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
        <lei>N/A</lei>
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          <isin value="US26118RAK05"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
        <lei>N/A</lei>
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          <isin value="US26118RAM60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV</name>
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        <valUSD>2683743.40000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EP CIMARRON VENTANAS PFC RESIDENTIAL DEV REV TEX</name>
        <lei>N/A</lei>
        <title>EP CIMARRON VENTANAS PFC</title>
        <cusip>26879QAN5</cusip>
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          <isin value="US26879QAN51"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>EL CAMINO CALIF CMNTY COLLEGE DIST</name>
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          <isin value="US282726DQ87"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>EL PASO CNTY TEX HOSP DIST REV</name>
        <lei>N/A</lei>
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          <isin value="US283605EE92"/>
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        <valUSD>909620.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV</name>
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          <isin value="US292723BN27"/>
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        <name>ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV</name>
        <lei>N/A</lei>
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          <isin value="US292723CN18"/>
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        <name>ENERGY SOUTHEAST ALA COOP DIST ENERGY SUPPLY REV</name>
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        <name>EP ESSENTIAL HSG WF PCF TEX RESIDENTIAL DEV REV</name>
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        <title>EP ESSENTIAL HOUSING WF PFC</title>
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        <name>ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV</name>
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        <name>ESCAMBIA CNTY FLA HEALTH FACS AUTH HEALTH FAC REV</name>
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        <name>ESSEX CNTY N J IMPT AUTH CHARTER SCH REV</name>
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        <name>FARMINGTON N MEX POLLUTN CTL REV</name>
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      <invstOrSec>
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        <name>FLORIDA HIGHER EDL FACS FING AUTH REV</name>
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        <name>FLORIDA HSG FIN CORP REV</name>
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        <name>FLORIDA LOC GOVT FIN COMMN SR LIVING REV</name>
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        <name>FRESNO CALIF JT PWRS FING AUTH LEASE REV</name>
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        <name>GAINESVILLE &amp; HALL CNTY GA DEV AUTH REV</name>
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        <name>GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV</name>
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        <name>GLYNN-BRUNSWICK MEM HOSP AUTH GA REV</name>
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        <name>GRAND FORKS N D HEALTH CARE SYS REV</name>
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        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
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        <name>GREATER ORLANDO AVIATION AUTH ORLANDO FLA SPL PURP ARPT FACS REV</name>
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        <name>GUAM GOVT LTD OBLIG REV</name>
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      <invstOrSec>
        <name>HARDIN CNTY OHIO ECONOMIC DEV FACS REV</name>
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        <name>HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV</name>
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        <name>HAWAII ST ARPTS SYS REV</name>
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      <invstOrSec>
        <name>HILLSBOROUGH CNTY FLA AVIATION AUTH REV</name>
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          <isin value="US432308W915"/>
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        <name>HILLSBOROUGH CNTY FLA SOLID WASTE &amp; RES RECOVERY REV</name>
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        <name>HOUSTON TEX ARPT SYS REV</name>
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        <name>HOUSTON TEX ARPT SYS REV</name>
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        <name>HOUSTON TEX HOTEL OCCUPANCY TAX &amp; SPL REV</name>
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        <name>HOWARD CNTY MD HSG COMMN REV</name>
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        <name>HUNTSVILLE ALA HEALTH CARE AUTH</name>
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        <name>IDAHO HSG &amp; FIN ASSN SINGLE FAMILY MTG REV</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH ACADEMIC FACS LEASE REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS EDL FACS AUTH REVS</name>
        <lei>N/A</lei>
        <title>ILLINOIS EDUCATIONAL FACILITIES AUTHORITY</title>
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          <isin value="US45201QCY89"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS EDL FACS AUTH REVS</name>
        <lei>N/A</lei>
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          <isin value="US45201QCZ54"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS EDL FACS AUTH REVS</name>
        <lei>N/A</lei>
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          <isin value="US45201QDA94"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH HEALTH SVCS FAC LEASE REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
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          <isin value="US452031AP23"/>
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        <valUSD>944368.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH WTR FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US45203EAE95"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US45203H5C20"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>ILLINOIS FIN AUTH REV</name>
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        <lei>N/A</lei>
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        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>ILLINOIS FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>ILLINOIS FIN AUTH STUDENT HSG &amp; ACADEMIC FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US45203KAN54"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ILLINOIS HSG DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>ILLINOIS HOUSING DEVELOPMENT AUTHORITY</title>
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          <isin value="US45203M2H36"/>
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      <invstOrSec>
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      <invstOrSec>
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        <name>ILLINOIS SPORTS FACS AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV</name>
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        <name>INDIANA BD BK REV</name>
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        <name>INDIANA FIN AUTH EDL FACS REV</name>
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        <name>INDIANA FIN AUTH EDL FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
        <title>INDIANA FINANCE AUTHORITY</title>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US45471CBV90"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
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          <isin value="US45471CBW73"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH FAC REV</name>
        <lei>N/A</lei>
        <title>INDIANA FINANCE AUTHORITY</title>
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          <isin value="US45471CDP05"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDIANA FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>INDIANA FINANCE AUTHORITY</title>
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          <isin value="US45471FAE16"/>
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      <invstOrSec>
        <name>INDIANA FIN AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH ENVIRONMENTAL FACS REV</name>
        <lei>N/A</lei>
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          <isin value="US455059AK10"/>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY REV</name>
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          <isin value="US45505T4Z19"/>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY REV</name>
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          <isin value="US45505T6L05"/>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUTH SINGLE FAMILY MTG REV</name>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>DEPAUW UNIVERSITY</title>
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        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>INDIANA FINANCE AUTHORITY</title>
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        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
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        <name>INFIRMARY HEALTH SYS SPL CARE FACS FING AUTH MOBILE ALA REV</name>
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      <invstOrSec>
        <name>IOWA FIN AUTH HEALTH FACS REV</name>
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        <title>IOWA FINANCE AUTHORITY</title>
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        <name>IOWA FIN AUTH HEALTH FACS REV</name>
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        <name>IOWA HIGHER ED LN AUTH REV</name>
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        <name>IOWA FIN AUTH SINGLE FAMILY MTG REV</name>
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        <name>JACKSONVILLE FLA AVIATION AUTH REV</name>
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        <name>JEFFERSON CNTY ALA SWR REV</name>
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        <name>KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG</name>
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        <name>KENTON CNTY KY ARPT BRD ARPT REV</name>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH HOSP FACS REV</name>
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          <isin value="US49126KLC35"/>
          <other otherDesc="Internal" value="49126KLC3"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485659.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</title>
        <cusip>49126PFE5</cusip>
        <identifiers>
          <isin value="US49126PFE51"/>
          <other otherDesc="Internal" value="49126PFE5"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3189407.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN REVS</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST PROPERTY BLDGS COMMISSION REVENUES</title>
        <cusip>49151FD31</cusip>
        <identifiers>
          <isin value="US49151FD312"/>
          <other otherDesc="Internal" value="49151FD31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2021407.93000000</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>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN REVS</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST PROPERTY BLDGS COMMISSION REVENUES</title>
        <cusip>49151FD56</cusip>
        <identifiers>
          <isin value="US49151FD569"/>
          <other otherDesc="Internal" value="49151FD56"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501222.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KING CNTY WASH HSG AUTH HSG REV</name>
        <lei>N/A</lei>
        <title>KING COUNTY HOUSING AUTHORITY</title>
        <cusip>494759TB9</cusip>
        <identifiers>
          <isin value="US494759TB95"/>
          <other otherDesc="Internal" value="494759TB9"/>
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        <balance>2740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2908099.27000000</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>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>KING CNTY WASH PUB HOSP DIST NO 002</name>
        <lei>N/A</lei>
        <title>KING COUNTY PUBLIC HOSPITAL DISTRICT NO 2</title>
        <cusip>494791UA2</cusip>
        <identifiers>
          <isin value="US494791UA28"/>
          <other otherDesc="Internal" value="494791UA2"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2652349.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>KNOX COUNTY HEALTH EDUCATIONAL HOUSING FACILITY</title>
        <cusip>499526AK7</cusip>
        <identifiers>
          <isin value="US499526AK70"/>
          <other otherDesc="Internal" value="499526AK7"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484196.08000000</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>2039-07-01</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>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>KNOX COUNTY HEALTH EDUCATIONAL HOUSING FACILITY</title>
        <cusip>499526AL5</cusip>
        <identifiers>
          <isin value="US499526AL53"/>
          <other otherDesc="Internal" value="499526AL5"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450888.29000000</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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>KNOX COUNTY HEALTH EDUCATIONAL HOUSING FACILITY</title>
        <cusip>499526AM3</cusip>
        <identifiers>
          <isin value="US499526AM37"/>
          <other otherDesc="Internal" value="499526AM3"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>882698.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>KNOX COUNTY HEALTH EDUCATIONAL HOUSING FACILITY</title>
        <cusip>499526AN1</cusip>
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          <isin value="US499526AN10"/>
          <other otherDesc="Internal" value="499526AN1"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169068.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <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>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>KNOX COUNTY HEALTH EDUCATIONAL HOUSING FACILITY</title>
        <cusip>499526AP6</cusip>
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          <isin value="US499526AP67"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>581293.29000000</valUSD>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>KNOX CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REV</name>
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          <isin value="US499526AQ41"/>
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        <balance>625000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>LANCASTER PA HIGHER ED AUTH REV</name>
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          <isin value="US514273AC55"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>LANCASTER PA MUN AUTH HEALTHCARE FACS REV</name>
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        <title>LANCASTER MUNICIPAL AUTHORITY</title>
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          <isin value="US514350AL19"/>
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        <balance>1200000.00000000</balance>
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        <valUSD>1213567.93000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
        <lei>N/A</lei>
        <title>CITY OF LAREDO TX WATERWORKS SEWER SYSTEM REVENU</title>
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          <isin value="US517039TP81"/>
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        <balance>740000.00000000</balance>
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        <valUSD>740476.28000000</valUSD>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
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          <isin value="US517039TQ64"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1000619.35000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>LAREDO TEX WTRWKS SWR SYS REV</name>
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      <invstOrSec>
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        <name>LATROBE PA INDL DEV AUTH UNIV REV</name>
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      <invstOrSec>
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          <isin value="US518324BA56"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEE CNTY FLA ARPT REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF LEE FL AIRPORT REVENUE</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LEE CNTY FLA INDL DEV AUTH HEALTH CARE FACS REV</name>
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        <name>LEE CNTY FLA INDL DEV AUTH HOSP REV</name>
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        <name>LEE CNTY FLA TOURIST DEV TAX REV</name>
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        <name>LEE CNTY FLA TOURIST DEV TAX REV</name>
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        <name>LEES SUMMIT MO INDL DEV AUTH SR LIVING FACS REV</name>
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        <name>LEHIGH CNTY PA GEN PURP HOSP REV</name>
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        <name>LEHIGH CNTY PA GEN PURP HOSP REV</name>
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        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>593338AQ9</cusip>
        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>2002535.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIAMI DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>593338AR7</cusip>
        <identifiers>
          <isin value="US593338AR71"/>
          <other otherDesc="Internal" value="593338AR7"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2002340.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA AVIATION REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF MIAMI DADE FL AVIATION REVENUE</title>
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        <identifiers>
          <isin value="US593340AA01"/>
          <other otherDesc="Internal" value="593340AA0"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3116995.01000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</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>MIAMI-DADE CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY HOUSING FINANCE AUTHORITY</title>
        <cusip>593344BZ6</cusip>
        <identifiers>
          <isin value="US593344BZ64"/>
          <other otherDesc="Internal" value="593344BZ6"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1261815.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA WTR &amp; SWR REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF MIAMI DADE FL WATER SEWER SYSTEM REVEN</title>
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        <identifiers>
          <isin value="US59334DML54"/>
          <other otherDesc="Internal" value="59334DML5"/>
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        <curCd>USD</curCd>
        <valUSD>210556.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>59334KHJ0</cusip>
        <identifiers>
          <isin value="US59334KHJ07"/>
          <other otherDesc="Internal" value="59334KHJ0"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10013847.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</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>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>59334KHK7</cusip>
        <identifiers>
          <isin value="US59334KHK79"/>
          <other otherDesc="Internal" value="59334KHK7"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7009502.49000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>59334KJG4</cusip>
        <identifiers>
          <isin value="US59334KJG40"/>
          <other otherDesc="Internal" value="59334KJG4"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001352.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</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>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>59334KJH2</cusip>
        <identifiers>
          <isin value="US59334KJH23"/>
          <other otherDesc="Internal" value="59334KJH2"/>
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        <balance>1610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1612033.63000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
        <title>MIAMI DADE COUNTY EXPRESSWAY AUTHORITY</title>
        <cusip>59334KJJ8</cusip>
        <identifiers>
          <isin value="US59334KJJ88"/>
          <other otherDesc="Internal" value="59334KJJ8"/>
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        <balance>1255000.00000000</balance>
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        <valUSD>1256468.31000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
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          <isin value="US59334KJK51"/>
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        <balance>2000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>N/A</lei>
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          <isin value="US594479HJ97"/>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>MICHIGAN FIN AUTH REV</name>
        <lei>N/A</lei>
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        <valUSD>984379.88000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>MISSISSIPPI HOSP EQUIP &amp; FACS AUTH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FIN AUTH N H SR LIVING REV</name>
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        <name>NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV</name>
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        <name>NEW BRUNSWICK N J PKG AUTH REV</name>
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        <name>NEW HOPE CULTURAL ED FACS FIN CORP STUDENT HSG REV</name>
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        <name>City of New York</name>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV</name>
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        <name>NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV</name>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
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        <name>NEW YORK ST URBAN DEV CORP ST SALES TAX REV</name>
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        <name>NEW YORK ST MTG AGY HOMEOWNER MTG REV</name>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
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        <name>NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT</name>
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        <name>NEWARK NJ HSG AUTH CITY SECD POLICE FAC REV</name>
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        <name>NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV</name>
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        <name>NORTH TEX TWY AUTH REV</name>
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        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
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        <name>NORTH TEX TWY AUTH REV</name>
        <lei>N/A</lei>
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        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTHEASTERN PA HOSP &amp; ED AUTH UNIV REV</name>
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        <title>NORTHEASTERN PENNSYLVANIA HOSPITAL EDUCATION AUT</title>
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          <isin value="US664556BV86"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTHERN ILL UNIV CTFS PARTN</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>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NORTHERN ILL UNIV REVS</name>
        <lei>N/A</lei>
        <title>NORTHERN ILLINOIS UNIVERSITY</title>
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          <isin value="US665245YM27"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NORTHERN ILL UNIV REVS</name>
        <lei>N/A</lei>
        <title>NTHRN IL UNIV</title>
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        <name>NORTHERN ILL UNIV REVS</name>
        <lei>N/A</lei>
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        <name>NORTHERN ILL MUN PWR AGY PWR PROJ REV</name>
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        <name>NORTHERN ILL MUN PWR AGY PWR PROJ REV</name>
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        <name>NORTHERN ILL MUN PWR AGY PWR PROJ REV</name>
        <lei>N/A</lei>
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        <name>NORTHERN PALM BEACH CNTY IMPT DIST FLA</name>
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        <name>NORTHWEST MICH REGL ARPT AUTH ARPT REV</name>
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        <name>OHIO ST HIGHER EDL FAC COMMN  REV</name>
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        <name>OKLAHOMA DEV FIN AUTH HEALTH SYS REV</name>
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        <name>OREGON ST FACS AUTH REV</name>
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        <name>OREGON ST FACS AUTH REV</name>
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        <name>PALM BEACH CNTY FLA EDL FACS AUTH REV</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QC35</cusip>
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          <isin value="US70879QC350"/>
          <other otherDesc="Internal" value="70879QC35"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1945552.37000000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QN74</cusip>
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          <isin value="US70879QN746"/>
          <other otherDesc="Internal" value="70879QN74"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4876006.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QV75</cusip>
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          <isin value="US70879QV756"/>
          <other otherDesc="Internal" value="70879QV75"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2072288.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
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          <isin value="US70879QWK56"/>
          <other otherDesc="Internal" value="70879QWK5"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3024681.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HOUSING FINANCE AGENCY</title>
        <cusip>70879QXT5</cusip>
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          <isin value="US70879QXT56"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2980719.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH OF PENNSYLVANIA</title>
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          <isin value="US709144NT21"/>
          <other otherDesc="Internal" value="709144NT2"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1386111.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH OF PENNSYLVANIA</title>
        <cusip>709144NU9</cusip>
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          <isin value="US709144NU93"/>
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        <balance>750000.00000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH OF PENNSYLVANIA</title>
        <cusip>709144NW5</cusip>
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          <isin value="US709144NW59"/>
          <other otherDesc="Internal" value="709144NW5"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>818652.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORI</title>
        <cusip>70917TRV5</cusip>
        <identifiers>
          <isin value="US70917TRV51"/>
          <other otherDesc="Internal" value="70917TRV5"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9412555.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA TURNPIKE COMMISSION</title>
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          <isin value="US709224PH67"/>
          <other otherDesc="Internal" value="709224PH6"/>
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        <valUSD>20000000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN TPK REV</name>
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          <isin value="US709225HD11"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL DEV CHARTER SCH REV</name>
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        <title>PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT</title>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PHILADELPHIA PA AUTH FOR INDL DEV CHARTER SCH REV</name>
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        <title>PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT</title>
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        <name>PHILADELPHIA PA AUTH FOR INDL DEV HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL DEV CITY SVC AGREEMENT REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>PHILADELPHIA PA AUTH FOR INDL DEV CITY SVC AGREEMENT REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA HSG AUTH GTD REV</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA HOUSING AUTHORITY</title>
        <cusip>71783TAT7</cusip>
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          <isin value="US71783TAT79"/>
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        <balance>2000000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US717883TJ17"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US717883TK89"/>
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        <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="US717883VC36"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US717883VD19"/>
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        <valUSD>1030548.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US717883VE91"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>717883WE8</cusip>
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          <isin value="US717883WE82"/>
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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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        <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="US71885FDJ30"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PHOENIX ARIZ INDL DEV AUTH ED REV</name>
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        <name>PHOENIX ARIZ INDL DEV AUTH LEASE REV</name>
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        <name>PIMA CNTY ARIZ INDL DEV AUTH ED REV</name>
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        <name>PIMA CNTY ARIZ INDL DEV AUTH SR LIVING REV</name>
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      <invstOrSec>
        <name>PIMA CNTY ARIZ INDL DEV AUTH REV</name>
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        <name>PINELLAS CNTY FLA INDL DEV AUTH INDL DEV REV</name>
        <lei>N/A</lei>
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          <isin value="US72316VAS88"/>
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        <curCd>USD</curCd>
        <valUSD>606960.48000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH WTR &amp; SWR SYS REV</name>
        <lei>N/A</lei>
        <title>PITTSBURGH WATER SEWER AUTHORITY</title>
        <cusip>725304VG1</cusip>
        <identifiers>
          <isin value="US725304VG10"/>
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        <curCd>USD</curCd>
        <valUSD>305188.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POMPANO BEACH FLA REV</name>
        <lei>N/A</lei>
        <title>POMPANO BEACH FL REVENUE</title>
        <cusip>732203BB9</cusip>
        <identifiers>
          <isin value="US732203BB90"/>
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        <curCd>USD</curCd>
        <valUSD>3071248.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>POMPANO BEACH FLA REV</name>
        <lei>N/A</lei>
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        <cusip>732203BC7</cusip>
        <identifiers>
          <isin value="US732203BC73"/>
          <other otherDesc="Internal" value="732203BC7"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2306523.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POMPANO BEACH FLA REV</name>
        <lei>N/A</lei>
        <title>CITY OF POMPANO BEACH FL</title>
        <cusip>732203BF0</cusip>
        <identifiers>
          <isin value="US732203BF05"/>
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        <curCd>USD</curCd>
        <valUSD>1004001.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POMPANO BEACH FLA REV</name>
        <lei>N/A</lei>
        <title>CITY OF POMPANO BEACH FL</title>
        <cusip>732203BG8</cusip>
        <identifiers>
          <isin value="US732203BG87"/>
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        <balance>1215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1143321.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</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>PONTOTOC CNTY OKLA EDL FACS AUTH EDL FACS LEASE REV</name>
        <lei>N/A</lei>
        <title>PONTOTOC COUNTY EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>732692DE5</cusip>
        <identifiers>
          <isin value="US732692DE51"/>
          <other otherDesc="Internal" value="732692DE5"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1949680.48000000</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>2040-09-01</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>
      <invstOrSec>
        <name>PORT GTR CINCINNATI DEV AUTH OHIO PKG FAC REV</name>
        <lei>N/A</lei>
        <title>PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY</title>
        <cusip>734191BE8</cusip>
        <identifiers>
          <isin value="US734191BE89"/>
          <other otherDesc="Internal" value="734191BE8"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026123.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PORT NEW ORLEANS LA BRD COMMRSPORT FAC REV</name>
        <lei>N/A</lei>
        <title>PORT NEW ORLEANS BOARD OF COMMISSIONERS</title>
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        <identifiers>
          <isin value="US734782EB76"/>
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        <curCd>USD</curCd>
        <valUSD>2674077.99000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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        <title>PORT OF PORT ARTHUR NAVIGATION DISTRICT</title>
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          <isin value="US735220AT28"/>
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        <curCd>USD</curCd>
        <valUSD>12600000.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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          <isin value="US735220AU90"/>
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        <valUSD>19905000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV</name>
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          <isin value="US735220AV73"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PORT PORTLAND ORE ARPT REV</name>
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        <name>PORT ST LUCIE FLA UTIL REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>PORT ST LUCIE FLA SPL ASSMT REV</name>
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      <invstOrSec>
        <name>PORT ST LUCIE FLA SPL ASSMT REV</name>
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      <invstOrSec>
        <name>PORT ST LUCIE FLA SPL ASSMT REV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS SR LIVING REV</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT FAC REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT FAC REV</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WIS RETIREMENT CMNTYS REV</name>
        <lei>N/A</lei>
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          <isin value="US74446CAD20"/>
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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>2041-11-15</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>READING PA SCH DIST</name>
        <lei>N/A</lei>
        <title>READING SCHOOL DISTRICT</title>
        <cusip>755638ZF3</cusip>
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          <isin value="US755638ZF37"/>
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        <balance>2000000.00000000</balance>
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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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        <securityLending>
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      <invstOrSec>
        <name>READING PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US755638ZG10"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
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        <securityLending>
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      <invstOrSec>
        <name>RENO-TAHOE ARPT AUTH NEV ARPT REV</name>
        <lei>N/A</lei>
        <title>RENO TAHOE AIRPORT AUTHORITY</title>
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          <isin value="US759874CK40"/>
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        <balance>2700000.00000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>REGIONAL TRANSN AUTH ILL</name>
        <lei>N/A</lei>
        <title>REGIONAL TRANSPORTATION AUTHORITY</title>
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          <isin value="US7599113D01"/>
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        <balance>23160000.00000000</balance>
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        <valUSD>23395863.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>REGIONAL TRANSN AUTH ILL</name>
        <lei>N/A</lei>
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          <isin value="US7599113E83"/>
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        <balance>11650000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>RHODE ISLAND HSG &amp; MTG FIN CORP</name>
        <lei>N/A</lei>
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          <isin value="US76221SDK42"/>
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        <balance>3000000.00000000</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>2044-10-01</maturityDt>
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          <annualizedRt>4.60000000</annualizedRt>
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        <name>RHODE ISLAND HSG &amp; MTG FIN CORP</name>
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      <invstOrSec>
        <name>RHODE IS ST HEALTH &amp; EDL BLDG CORP REV</name>
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        <name>RHODE IS ST HEALTH &amp; EDL BLDG CORP REV</name>
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        <name>RHODE IS ST HEALTH &amp; EDL BLDG CORP REV</name>
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        <name>RHODE IS ST HEALTH &amp; EDL BLDG CORP REV</name>
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        <name>RHODE IS ST HEALTH &amp; EDL BLDG CORP REV</name>
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      <invstOrSec>
        <name>RHODE ISLAND ST TPK &amp; BRDG AUTH MOTOR FUEL TAX REV</name>
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        <title>RHODE ISLAND TURNPIKE BRIDGE AUTHORITY</title>
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        <name>ST JOHN BAPTIST PARISH LA PARISH SCH BRD SCH DIST NO 1</name>
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        <name>ST LOUIS CNTY MO INDL DEV AUTH SR LIVING FACS REV</name>
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        <name>SALEM ORE HOSP FAC AUTH REV</name>
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        <name>SALEM VA ECONOMIC DEV AUTH EDL FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH DAKOTA HSG DEV AUTH</name>
        <lei>N/A</lei>
        <title>SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH DAKOTA HSG DEV AUTH</name>
        <lei>N/A</lei>
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          <isin value="US83756LCT08"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV</name>
        <lei>N/A</lei>
        <title>S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE</title>
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        <identifiers>
          <isin value="US838536LK41"/>
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        <balance>4300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4294471.79000000</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>2040-11-01</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>SOUTH JERSEY TRANSN AUTH N J TRANSN SYS REV</name>
        <lei>N/A</lei>
        <title>SOUTH JERSEY TRANSPORTATION AUTHORITY</title>
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          <isin value="US838536MN70"/>
          <other otherDesc="Internal" value="838536MN7"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1032232.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
        <lei>N/A</lei>
        <title>GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA</title>
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          <isin value="US84129NNK18"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2026477.81000000</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>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV</name>
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        <title>SOUTHEAST ALABAMA GAS SUPPLY DISTRICT THE</title>
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          <isin value="US84131TBT88"/>
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        <valUSD>3155275.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA</name>
        <lei>N/A</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
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        <identifiers>
          <isin value="US84136FBT30"/>
          <other otherDesc="Internal" value="84136FBT3"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15746847.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV</name>
        <lei>N/A</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
        <cusip>84136HAU7</cusip>
        <identifiers>
          <isin value="US84136HAU77"/>
          <other otherDesc="Internal" value="84136HAU7"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4161383.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV</name>
        <lei>N/A</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
        <cusip>84136HBC6</cusip>
        <identifiers>
          <isin value="US84136HBC60"/>
          <other otherDesc="Internal" value="84136HBC6"/>
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        <balance>9255000.00000000</balance>
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        <valUSD>9428904.07000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV</name>
        <lei>N/A</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
        <cusip>84136HBT9</cusip>
        <identifiers>
          <isin value="US84136HBT95"/>
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        <balance>2700000.00000000</balance>
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        <valUSD>2795384.95000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTHEASTERN OHIO PORT AUTH HOSP FACS REV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>SOUTHEASTERN OHIO PORT AUTH HOSP FACS REV</name>
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          <isin value="US841895AX30"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPOKANE CNTY WASH ARPT REV</name>
        <lei>N/A</lei>
        <title>COUNTY OF SPOKANE WA AIRPORT REVENUE</title>
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          <isin value="US848661JU98"/>
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        <valUSD>8316336.67000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPRINGFIELD ILL</name>
        <lei>N/A</lei>
        <title>CITY OF SPRINGFIELD IL</title>
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        <valUSD>8512888.91000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV</name>
        <lei>N/A</lei>
        <title>STAFFORD COUNTY ECONOMIC DEVELOPMENT AUTHORITY</title>
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        <valUSD>750380.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV</name>
        <lei>N/A</lei>
        <title>STAFFORD COUNTY ECONOMIC DEVELOPMENT AUTHORITY</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
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      <invstOrSec>
        <name>STAMFORD CONN HSG AUTH REV</name>
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      <invstOrSec>
        <name>STATE PUB SCH BLDG AUTH PA LEASE REV</name>
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      <invstOrSec>
        <name>STATE PUB SCH BLDG AUTH PA LEASE REV</name>
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      <invstOrSec>
        <name>STATE PUB SCH BLDG AUTH PA SCH REV</name>
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          <isin value="US85732TKU50"/>
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      <invstOrSec>
        <name>STODDARD CNTY MO INDL DEV AUTH HEALTH FACS REV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SUMMIT ACADEMY NORTH MICH PUB SCH ACADEMY REV</name>
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          <isin value="US86589TAV61"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>SUMMIT CNTY OHIO DEV FIN AUTH PKG SYS REV</name>
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          <isin value="US86607JAA25"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SUMMIT CNTY OHIO DEV FIN AUTH STUDENT HSG REV</name>
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          <isin value="US86607LAM19"/>
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        <name>TAMPA FLA CAP IMPT CIG TAX ALLOCATION</name>
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        <name>TAMPA FLA CAP IMPT CIG TAX ALLOCATION</name>
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        <name>TAMPA FLA CAP IMPT CIG TAX ALLOCATION</name>
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        <name>TAMPA FLA CAP IMPT CIG TAX ALLOCATION</name>
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        <name>TAMPA FLA HOSP REV</name>
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        <name>TAMPA FLA HOSP REV</name>
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        <name>TANGIPAHOA PARISH LA HOSP SVC DIST NO 1 HOSP REV</name>
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        <name>TOBACCO SETTLEMENT AUTH IOWA TOB SETTLEMENT REV</name>
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        <name>VERMONT EDL &amp; HEALTH BLDGS FING AGY REV</name>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH RESIDENTIAL CARE FAC REV</name>
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        <name>WARD CNTY N D HEALTH CARE FAC REV</name>
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        <name>WARREN CNTY OHIO HEALTH CARE FACS REV</name>
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        <name>WASHINGTON D C CONVENTION &amp; SPORTS AUTH DEDICATED TAX REV</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712DRA6</cusip>
        <identifiers>
          <isin value="US97712DRA62"/>
          <other otherDesc="Internal" value="97712DRA6"/>
        </identifiers>
        <balance>9830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9843688.44000000</valUSD>
        <pctVal>0.354451272798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JCF8</cusip>
        <identifiers>
          <isin value="US97712JCF84"/>
          <other otherDesc="Internal" value="97712JCF8"/>
        </identifiers>
        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>501936.23000000</valUSD>
        <pctVal>0.018073706484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JCG6</cusip>
        <identifiers>
          <isin value="US97712JCG67"/>
          <other otherDesc="Internal" value="97712JCG6"/>
        </identifiers>
        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>472523.65000000</valUSD>
        <pctVal>0.017014619082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JDR1</cusip>
        <identifiers>
          <isin value="US97712JDR14"/>
          <other otherDesc="Internal" value="97712JDR1"/>
        </identifiers>
        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>672123.60000000</valUSD>
        <pctVal>0.024201808798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JDY6</cusip>
        <identifiers>
          <isin value="US97712JDY64"/>
          <other otherDesc="Internal" value="97712JDY6"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361748.25000000</valUSD>
        <pctVal>0.013025821411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</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>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JDZ3</cusip>
        <identifiers>
          <isin value="US97712JDZ30"/>
          <other otherDesc="Internal" value="97712JDZ3"/>
        </identifiers>
        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>372468.46000000</valUSD>
        <pctVal>0.013411834448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</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>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JEA7</cusip>
        <identifiers>
          <isin value="US97712JEA79"/>
          <other otherDesc="Internal" value="97712JEA7"/>
        </identifiers>
        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392529.59000000</valUSD>
        <pctVal>0.014134195086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</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>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JEB5</cusip>
        <identifiers>
          <isin value="US97712JEB52"/>
          <other otherDesc="Internal" value="97712JEB5"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406774.16000000</valUSD>
        <pctVal>0.014647113186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</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>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JEC3</cusip>
        <identifiers>
          <isin value="US97712JEC36"/>
          <other otherDesc="Internal" value="97712JEC3"/>
        </identifiers>
        <balance>1460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1415999.50000000</valUSD>
        <pctVal>0.050987272516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</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>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JLX9</cusip>
        <identifiers>
          <isin value="US97712JLX99"/>
          <other otherDesc="Internal" value="97712JLX9"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5078795.24000000</valUSD>
        <pctVal>0.182877124573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV</name>
        <lei>N/A</lei>
        <title>WISCONSIN HEALTH EDUCATIONAL FACILITIES AUTHORIT</title>
        <cusip>97712JSA2</cusip>
        <identifiers>
          <isin value="US97712JSA24"/>
          <other otherDesc="Internal" value="97712JSA2"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1004484.25000000</valUSD>
        <pctVal>0.036169442286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>WYOMING CMNTY DEV AUTH HSG REV</name>
        <lei>N/A</lei>
        <title>WYOMING COMMUNITY DEVELOPMENT AUTHORITY</title>
        <cusip>98322QT23</cusip>
        <identifiers>
          <isin value="US98322QT239"/>
          <other otherDesc="Internal" value="98322QT23"/>
        </identifiers>
        <balance>1440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1453239.51000000</valUSD>
        <pctVal>0.052328209810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</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>YAVAPAI CNTY ARIZ INDL DEV AUTH HOSP FAC REV</name>
        <lei>N/A</lei>
        <title>INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF</title>
        <cusip>985900EQ8</cusip>
        <identifiers>
          <isin value="US985900EQ82"/>
          <other otherDesc="Internal" value="985900EQ8"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>984087.60000000</valUSD>
        <pctVal>0.035435000253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</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>2026-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios III</ncom:nameOfApplicant>
      <ncom:signature>Carol D. Trevino</ncom:signature>
      <ncom:signerName>Carol D. Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
