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        <name>MASSACHUSETTS ST CLEAN WTR TRU</name>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>UTILITY DEBT SECURITIZATION AU</name>
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        <name>ROSEMOUNT MN INDEP SCH DIST #1</name>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>KLEIN TX INDEP SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARLOTTE NC WTR &amp; SWR SYS REV</name>
        <lei>N/A</lei>
        <title>City of Charlotte NC Water &amp; Sewer System Revenue</title>
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          <isin value="US161045SK60"/>
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        <balance>1235000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N TEXAS ST MUNI WTR DIST REGL</name>
        <lei>N/A</lei>
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          <isin value="US6628353T26"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974FBK8</cusip>
        <identifiers>
          <isin value="US93974FBK84"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17355604.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</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>
      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH WTR POLL</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund</title>
        <cusip>67766WV25</cusip>
        <identifiers>
          <isin value="US67766WV253"/>
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        <balance>14975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17544389.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</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>
        <name>NEW JERSEY ST HLTH CARE FACS F</name>
        <lei>N/A</lei>
        <title>New Jersey Health Care Facilities Financing Authority</title>
        <cusip>645790TT3</cusip>
        <identifiers>
          <isin value="US645790TT36"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11809667.00000000</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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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        <cusip>20775DZT2</cusip>
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          <isin value="US20775DZT26"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14283337.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>RALEIGH NC COMB ENTERPRISE SYS</name>
        <lei>N/A</lei>
        <title>City of Raleigh NC Combined Enterprise System Revenue</title>
        <cusip>751100NY0</cusip>
        <identifiers>
          <isin value="US751100NY02"/>
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        <balance>4305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5172575.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</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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        <name>OHIO ST</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio</title>
        <cusip>677523JG8</cusip>
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          <isin value="US677523JG89"/>
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        <balance>11025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12877732.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646140ES8</cusip>
        <identifiers>
          <isin value="US646140ES88"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12656089.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>IDAHO ST BLDG AUTH SALES TAX R</name>
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        <title>Idaho State Building Authority</title>
        <cusip>451446AV0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO IL MET WTR RECLAMATION</name>
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        <valUSD>4499188.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53400000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646140DQ3</cusip>
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          <isin value="US646140DQ32"/>
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        <balance>9000000.00000000</balance>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>RENEWABLE WTR RESOURCES SC SWR</name>
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        <name>NORTH EAST TX INDEP SCH DIST</name>
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        <title>North East Independent School District/TX</title>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>DALLAS TX INDEP SCH DIST</name>
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        <name>DELAWARE ST HLTH FACS AUTH REV</name>
        <lei>549300RXU7M05ZYSJG42</lei>
        <title>Delaware State Health Facilities Authority</title>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>NEW YORK ST URBAN DEV CORP SAL</name>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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          <isin value="US592647LM14"/>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TEXAS WTR DEV BRD REVENUE</name>
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          <isin value="US88285AHL52"/>
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        <name>NORTH EAST TX INDEP SCH DIST</name>
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        <name>COLORADO ST HSG &amp; FIN AUTH</name>
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          <maturityDt>2036-11-01</maturityDt>
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        <name>HAWAII ST</name>
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        <name>IOWA ST FIN AUTH REVENUE</name>
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          <isin value="US46247SCD45"/>
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        <name>OHIO ST WTR DEV AUTH WTR POLL</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>SAN ANGELO TX INDEP SCH DIST</name>
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        <name>MICHIGAN ST BLDG AUTH REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US594615MZ61"/>
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        <name>UNIV OF TEXAS TX PERMANENT UNI</name>
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          <isin value="US915130AC24"/>
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        <valUSD>8314236.75000000</valUSD>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>HONOLULU CITY &amp; CNTY HI</name>
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        <title>City &amp; County of Honolulu HI</title>
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          <isin value="US438687S633"/>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57585BAL2</cusip>
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          <isin value="US57585BAL27"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17764281.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
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        <title>City of Los Angeles Department of Airports</title>
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          <isin value="US5444455N55"/>
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        <curCd>USD</curCd>
        <valUSD>2917057.07000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BOULDER LARIMER &amp; WELD CNTYS C</name>
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        <cusip>101565K81</cusip>
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          <isin value="US101565K816"/>
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        <valUSD>20485742.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KING CNTY WA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of King WA Sewer Revenue</title>
        <cusip>495290AU2</cusip>
        <identifiers>
          <isin value="US495290AU21"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8520902.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City UT Airport Revenue</title>
        <cusip>795576LH8</cusip>
        <identifiers>
          <isin value="US795576LH80"/>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2979486.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AU</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority</title>
        <cusip>91802RFC8</cusip>
        <identifiers>
          <isin value="US91802RFC88"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11146176.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646140CB7</cusip>
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          <isin value="US646140CB71"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4451240.48000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <cusip>20774Y7H4</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TEXAS ST TECH UNIV REVENUES</name>
        <lei>549300SPM8LGJKCQO195</lei>
        <title>Texas Tech University System</title>
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          <isin value="US882806JG83"/>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured Revenue</title>
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        <balance>2000000.00000000</balance>
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        <name>BALTIMORE CNTY MD</name>
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        <title>County of Baltimore MD</title>
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          <isin value="US05914GFG82"/>
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        <name>COLLIN CNTY TX</name>
        <lei>N/A</lei>
        <title>County of Collin TX</title>
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          <isin value="US194740SR88"/>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
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          <isin value="US60637AWU23"/>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <isin value="US207758XP33"/>
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        <balance>10000000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OHIO ST WTR DEV AUTH REVENUE</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority</title>
        <cusip>67765QSC1</cusip>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>ROCKWALL TX INDEP SCH DIST</name>
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        <name>CABARRUS CNTY NC LTD OBLIG</name>
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        <name>ATLANTA GA ARPT PASSENGER FAC</name>
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      <invstOrSec>
        <name>JUDSON TX INDEP SCH DIST</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IDAHO ST BLDG AUTH SALES TAX R</name>
        <lei>549300XZ1VJYPPKQZU06</lei>
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          <isin value="US451446AM01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>FLORIDA ST BRD OF EDU PUBLIC E</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <cusip>34153QYE0</cusip>
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          <isin value="US34153QYE06"/>
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        <curCd>USD</curCd>
        <valUSD>8879189.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH REVENUE</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority</title>
        <cusip>67765QRF5</cusip>
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          <isin value="US67765QRF53"/>
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        <balance>3475000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>N TEXAS ST MUNI WTR DIST WTR S</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System Revenue</title>
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          <isin value="US662903J200"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST A &amp; M UNIV PERM UNIV</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - Texas A&amp;M University System</title>
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          <isin value="US8821178E74"/>
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        <balance>3605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4010990.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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>
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      <invstOrSec>
        <name>FLORIDA ST TURNPIKE AUTH TURNP</name>
        <lei>N/A</lei>
        <title>State of Florida Department of Transportation Turnpike System Revenue</title>
        <cusip>343137WG6</cusip>
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          <isin value="US343137WG63"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH WTR POLL</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund</title>
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          <isin value="US67766WU834"/>
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        <balance>11885000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH REVENUE</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority</title>
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          <isin value="US67765QSH01"/>
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        <balance>5940000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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        <name>KING CNTY WA SCH DIST #411 ISS</name>
        <lei>N/A</lei>
        <title>King County School District No 411 Issaquah</title>
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        <name>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
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        <name>TEXAS ST A &amp; M UNIV PERM UNIV</name>
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        <name>STANFORD UNIVERSITY</name>
        <lei>JIUV0DC2REIJXQ26CR37</lei>
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        <name>DELAWARE ST</name>
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        <name>OKLAHOMA ST WTR RESOURCE BRD R</name>
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        <title>Oklahoma Water Resources Board</title>
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        <name>FORNEY TX INDEP SCH DIST</name>
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        <name>FORNEY TX INDEP SCH DIST</name>
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        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>Texas Tech University System</title>
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          <isin value="US882806JJ23"/>
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        <name>GREGORY-PORTLAND TX INDEP SCHD</name>
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        <name>IOWA ST FIN AUTH REVENUE</name>
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        <name>PENNSYLVANIA ST UNIV</name>
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        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
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        <name>FRISCO TX INDEP SCH DIST</name>
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        <name>OHIO ST WTR DEV AUTH WTR POLL</name>
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        <name>ROCKWALL TX INDEP SCH DIST</name>
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        <name>CYPRESS-FAIRBANKS TX INDEP SCH</name>
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        <name>OKLAHOMA ST WTR RESOURCE BRD R</name>
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      <invstOrSec>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>HARRIS CNTY TX TOLL ROAD REVEN</name>
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          <isin value="US41423PDL85"/>
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        <valUSD>3513654.00000000</valUSD>
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          <maturityDt>2033-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MAINE ST TURNPIKE AUTH</name>
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          <isin value="US560551SF17"/>
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        <valUSD>1175842.30000000</valUSD>
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        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>HAWAII ST ARPTS SYS REVENUE</name>
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          <isin value="US419794C345"/>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>RALEIGH NC COMB ENTERPRISE SYS</name>
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          <isin value="US751100NX29"/>
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        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GS705"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN ST GEN FUND ANNUAL A</name>
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          <isin value="US977100GS91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ATLANTA GA ARPT REVENUE</name>
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        <name>NEW YORK ST URBAN DEV CORP REV</name>
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        <name>LEANDER TX INDEP SCH DIST</name>
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        <name>OSSEO MN INDEP SCH DIST #279</name>
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        <name>OHIO ST WTR DEV AUTH REVENUE</name>
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        <name>COLORADO ST HSG &amp; FIN AUTH</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <name>FRISCO TX INDEP SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>TEXAS ST UNIV SYS FING REVENUE</name>
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        <name>RICHARDSON TX INDEP SCH DIST</name>
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        <name>COLUMBUS OH</name>
        <lei>254900NS3ODS0FZ3AM48</lei>
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        <cusip>1994926V6</cusip>
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          <isin value="US1994926V62"/>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45204FA962"/>
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        <curCd>USD</curCd>
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          <maturityDt>2033-01-01</maturityDt>
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        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Water System Revenue</title>
        <cusip>544525Q92</cusip>
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          <isin value="US544525Q929"/>
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        <valUSD>5188991.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>ATLANTA GA ARPT REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US04780M2M01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
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          <isin value="US20772KNN53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KING CNTY WA</name>
        <lei>N/A</lei>
        <title>County of King WA</title>
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        <curCd>USD</curCd>
        <valUSD>2374859.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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        <name>OKLAHOMA CITY OK</name>
        <lei>N/A</lei>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>AUSTIN TX WTR &amp; WSTWTR SYS REV</name>
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          <maturityDt>2027-11-15</maturityDt>
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        <name>OHIO ST WTR DEV AUTH REVENUE</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority</title>
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          <isin value="US67765QSJ66"/>
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        <name>KANSAS ST DEPT OF TRANSPRTN HI</name>
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      <invstOrSec>
        <name>OKLAHOMA CITY OK WTR UTILITIES</name>
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        <title>Oklahoma City Water Utilities Trust</title>
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        <name>TEXAS ST UNIV SYS FING REVENUE</name>
        <lei>N/A</lei>
        <title>Texas State University System</title>
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          <isin value="US88278PG739"/>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>SCOTTSDALE AZ MUNI PROPERTY CO</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <name>MECKLENBURG CNTY NC LTD OBLG</name>
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        <name>NEW YORK ST URBAN DEV CORP REV</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
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        <name>UNIV OF TEXAS TX PERMANENT UNI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KANSAS ST DEPT OF TRANSPRTN HI</name>
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        <name>SANTA CLARA CNTY CA</name>
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        <name>HARRIS CNTY TX</name>
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        <name>COLORADO ST HSG &amp; FIN AUTH</name>
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        <name>N TEXAS ST MUNI WTR DIST WTR S</name>
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        <name>RUTGERS NJ ST UNIV</name>
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        <title>Rutgers The State University of New Jersey</title>
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        <name>MECKLENBURG CNTY NC LTD OBLG</name>
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      <invstOrSec>
        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <cusip>646140FC2</cusip>
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          <isin value="US646140FC28"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646140FD01"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3738244.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority</title>
        <cusip>48542RA46</cusip>
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          <isin value="US48542RA462"/>
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        <balance>13325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15368376.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAWAII ST ARPTS SYS REVENUE</name>
        <lei>N/A</lei>
        <title>State of Hawaii Airports System Revenue</title>
        <cusip>419794C67</cusip>
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          <isin value="US419794C675"/>
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        <balance>6015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6485747.73000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority</title>
        <cusip>6460665H9</cusip>
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          <isin value="US6460665H96"/>
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        <balance>1815000.00000000</balance>
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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>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST A &amp; M UNIV PERM UNIV</name>
        <lei>N/A</lei>
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          <isin value="US882117E673"/>
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        <balance>10285000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTA GA ARPT PASSENGER FAC</name>
        <lei>N/A</lei>
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          <isin value="US04780TED28"/>
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        <balance>9280000.00000000</balance>
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        <valUSD>10338746.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N TEXAS ST MUNI WTR DIST WTR S</name>
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          <isin value="US662903H634"/>
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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
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        <name>MASSACHUSETTS ST BAY TRANSPRTN</name>
        <lei>N/A</lei>
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          <isin value="US575579Y765"/>
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        <balance>7500000.00000000</balance>
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      <invstOrSec>
        <name>DIST OF COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
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          <isin value="US64971X3G15"/>
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        <name>CONROE TX INDEP SCH DIST</name>
        <lei>N/A</lei>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>DENVER CITY &amp; CNTY CO ARPT REV</name>
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        <name>N TEXAS ST MUNI WTR DIST WTR S</name>
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          <isin value="US662903H485"/>
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        <name>UNIV OF TEXAS TX UNIV REVENUES</name>
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        <name>SSM HEALTH CARE</name>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>RANKIN TX INDEP SCH DIST</name>
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      <invstOrSec>
        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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      <invstOrSec>
        <name>N TEXAS ST MUNI WTR DIST REGL</name>
        <lei>N/A</lei>
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          <isin value="US6628353V71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA ST</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania</title>
        <cusip>70914P2V3</cusip>
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          <isin value="US70914P2V31"/>
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          <maturityDt>2026-09-01</maturityDt>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>549300PHW5BZHA7BEX81</lei>
        <title>State of Connecticut</title>
        <cusip>20772KEY1</cusip>
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          <isin value="US20772KEY10"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>3.85000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Houston Independent School District</title>
        <cusip>442403RE3</cusip>
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          <isin value="US442403RE36"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MECKLENBURG CNTY NC</name>
        <lei>5493006G3IC5PBHB7A65</lei>
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          <isin value="US584002YK90"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ATLANTA GA ARPT REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US04780M2P32"/>
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          <maturityDt>2033-07-01</maturityDt>
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      <invstOrSec>
        <name>FAIRFAX CNTY VA</name>
        <lei>N/A</lei>
        <title>County of Fairfax VA</title>
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          <isin value="US30382APD80"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
        <cusip>249002LR5</cusip>
        <identifiers>
          <isin value="US249002LR56"/>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SNOHOMISH CNTY WA SCH DIST #15</name>
        <lei>N/A</lei>
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        <name>UNIV OF DELAWARE DE</name>
        <lei>KPIOJCFMR70NWLS6O145</lei>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <isin value="US93974ET717"/>
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        <name>ROCKWALL TX INDEP SCH DIST</name>
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        <name>CAMDEN CNTY NJ IMPT AUTH REVEN</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>OHIO ST WTR DEV AUTH REVENUE</name>
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        <title>Ohio Water Development Authority</title>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646140JA2</cusip>
        <identifiers>
          <isin value="US646140JA26"/>
        </identifiers>
        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6084360.70000000</valUSD>
        <pctVal>0.135509250088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALT RIVER AZ PROJ AGRIC IMPT&amp;</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
        <title>Salt River Project Agricultural Improvement &amp; Power District</title>
        <cusip>79574CFK4</cusip>
        <identifiers>
          <isin value="US79574CFK45"/>
        </identifiers>
        <balance>6810000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7369912.07000000</valUSD>
        <pctVal>0.164140705501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>State of Maryland</title>
        <cusip>574193VN5</cusip>
        <identifiers>
          <isin value="US574193VN58"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16958251.50000000</valUSD>
        <pctVal>0.377689630328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>64613CEZ7</cusip>
        <identifiers>
          <isin value="US64613CEZ77"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5015032.00000000</valUSD>
        <pctVal>0.111693448004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60800000</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>HAWAII ST</name>
        <lei>N/A</lei>
        <title>State of Hawaii</title>
        <cusip>419792K21</cusip>
        <identifiers>
          <isin value="US419792K219"/>
        </identifiers>
        <balance>4360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4611536.25000000</valUSD>
        <pctVal>0.102706898851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
        <cusip>837032BL4</cusip>
        <identifiers>
          <isin value="US837032BL43"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2291441.20000000</valUSD>
        <pctVal>0.051034363993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF ARPTS A</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
        <cusip>544445R76</cusip>
        <identifiers>
          <isin value="US544445R761"/>
        </identifiers>
        <balance>4735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5310589.44000000</valUSD>
        <pctVal>0.118276024059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OHIO ST ADULT CORRECTIONAL CAP</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio</title>
        <cusip>677524EW6</cusip>
        <identifiers>
          <isin value="US677524EW67"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4073862.10000000</valUSD>
        <pctVal>0.090731964351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RANKIN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Rankin Independent School District</title>
        <cusip>753177EC4</cusip>
        <identifiers>
          <isin value="US753177EC45"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1251190.50000000</valUSD>
        <pctVal>0.027866179329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York NY</title>
        <cusip>64966QX21</cusip>
        <identifiers>
          <isin value="US64966QX219"/>
        </identifiers>
        <balance>19825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20125160.41000000</valUSD>
        <pctVal>0.448222176417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.57000000</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>VIRGINIA BEACH VA DEV AUTH FAC</name>
        <lei>N/A</lei>
        <title>Virginia Beach Development Authority</title>
        <cusip>92774GPV1</cusip>
        <identifiers>
          <isin value="US92774GPV13"/>
        </identifiers>
        <balance>2755000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2755000.00000000</valUSD>
        <pctVal>0.061358621291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTH CAROLINA ST MED CARE COM</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission</title>
        <cusip>65821DZP9</cusip>
        <identifiers>
          <isin value="US65821DZP94"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6895518.00000000</valUSD>
        <pctVal>0.153575127975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>CALIFORNIA ST</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063EAB2</cusip>
        <identifiers>
          <isin value="US13063EAB20"/>
        </identifiers>
        <balance>15000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15266851.50000000</valUSD>
        <pctVal>0.340019223050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KING CNTY WA</name>
        <lei>N/A</lei>
        <title>County of King WA</title>
        <cusip>49474F6R6</cusip>
        <identifiers>
          <isin value="US49474F6R60"/>
        </identifiers>
        <balance>5630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6608306.52000000</valUSD>
        <pctVal>0.147178430903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Old Westbury Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>Matthew A. Rizzi</ncom:signature>
      <ncom:signerName>Matthew A. Rizzi</ncom:signerName>
      <ncom:title>Vice President &amp; Treasurer (Principal Financial Officer)</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
