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        <name>TEXAS ST TECH UNIV REVENUES</name>
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          <isin value="US882806JK95"/>
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          <isin value="US13063EAA47"/>
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        <valUSD>15319200.00000000</valUSD>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <cusip>13063DB56</cusip>
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          <isin value="US13063DB567"/>
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        <curCd>USD</curCd>
        <valUSD>14359504.60000000</valUSD>
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        <name>WYLIE TX INDEP SCH DIST COLLIN</name>
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        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>State of Maryland</title>
        <cusip>574193VF2</cusip>
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          <isin value="US574193VF25"/>
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        <valUSD>10986270.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HOUSTON TX HGR EDU FIN CORP</name>
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          <isin value="US442378GP45"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11697391.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <isin value="US57585BAA61"/>
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        <balance>16275000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LEWISVILLE TX INDEP SCH DIST</name>
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        <title>Lewisville Independent School District</title>
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          <isin value="US52882PEE43"/>
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        <name>WISCONSIN ST</name>
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        <title>State of Wisconsin</title>
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          <isin value="US97705MJK27"/>
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        <balance>5780000.00000000</balance>
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        <name>IDAHO ST HSG &amp; FIN ASSN SALES</name>
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        <name>PENNSYLVANIA ST</name>
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          <isin value="US70914P2V31"/>
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        <name>DEER PARK TX INDEP SCH DIST</name>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <name>FORT BEND TX INDEP SCH DIST</name>
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      <invstOrSec>
        <name>FORT WORTH TX WTR &amp; SWR REVENU</name>
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          <isin value="US349515US37"/>
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          <couponKind>Fixed</couponKind>
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        <name>SHERMAN TX INDEP SCH DIST</name>
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        <curCd>USD</curCd>
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        <curCd>USD</curCd>
        <valUSD>2268632.70000000</valUSD>
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          <maturityDt>2024-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GREGORY-PORTLAND TX INDEP SCHD</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <curCd>USD</curCd>
        <valUSD>11560583.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SPRING TX INDEP SCH DIST</name>
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        <title>Spring Independent School District</title>
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          <isin value="US8500006C90"/>
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        <curCd>USD</curCd>
        <valUSD>7426730.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST CLEAN WTR TRU</name>
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        <curCd>USD</curCd>
        <valUSD>2236278.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ADAMS &amp; ARAPAHOE CNTYS CO JT S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>GEORGETOWN TX INDEP SCH DIST</name>
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        <title>Georgetown Independent School District</title>
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        <name>UNITED TX INDEP SCH DIST</name>
        <lei>N/A</lei>
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        <name>VIRGINIA ST CMWLTH TRANSPRTN B</name>
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        <name>SALT RIVER AZ PROJ AGRIC IMPT&amp;</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHIGAN ST UNIV REVENUES</name>
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          <isin value="US594712WC19"/>
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        <name>CONNECTICUT ST</name>
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          <maturityDt>2026-01-15</maturityDt>
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        <name>MASSACHUSETTS ST CLEAN WTR TRU</name>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>BAYLOR SCOTT &amp; WHITE HOL</name>
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          <isin value="US795576JS73"/>
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          <isin value="US795576LH80"/>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <cusip>646140CB7</cusip>
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          <isin value="US646140CB71"/>
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        <curCd>USD</curCd>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <title>New Jersey Educational Facilities Authority</title>
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          <isin value="US646067BX59"/>
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        <name>DIST OF COLUMBIA INCOME TAX SE</name>
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          <isin value="US25477GVG71"/>
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        <name>FORT WORTH TX INDEP SCH DIST</name>
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        <title>Fort Worth Independent School District</title>
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          <isin value="US349461EJ81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063DN87</cusip>
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          <isin value="US13063DN877"/>
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        <valUSD>7928641.04000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST HLTH &amp; EDUCTN</name>
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        <name>HAWAII ST ARPTS SYS REVENUE</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>TEXAS ST TECH UNIV REVENUES</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>BROOKHAVEN DEV AUTH GA</name>
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        <name>STANFORD UNIVERSITY</name>
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        <name>VIRGINIA ST CLG BLDG AUTH EDUC</name>
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        <name>OHIO ST WTR DEV AUTH WTR POLL</name>
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        <name>BALTIMORE CNTY MD COPS</name>
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      <invstOrSec>
        <name>ARIZONA ST WTR INFRASTRUCTURE</name>
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        <valUSD>1256581.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>HOWARD CNTY MD</name>
        <lei>N/A</lei>
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          <isin value="US44256PKM40"/>
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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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      <invstOrSec>
        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
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          <isin value="US64971X6N39"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9767480.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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        <name>UNIV OF TEXAS TX PERMANENT UNI</name>
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          <isin value="US915130AQ10"/>
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        <curCd>USD</curCd>
        <valUSD>7613251.68000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WAKE CNTY NC</name>
        <lei>5493007XQJHO082P1H29</lei>
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          <isin value="US930864HC02"/>
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        <valUSD>5675801.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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          <isin value="US67865EAG70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.67500000</annualizedRt>
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        <name>DENVER CITY &amp; CNTY CO ARPT REV</name>
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          <isin value="US249182LF11"/>
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        <valUSD>10513964.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <title>University of California</title>
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          <isin value="US91412HRD79"/>
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        <curCd>USD</curCd>
        <valUSD>7503221.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DENTON TX INDEP SCH DIST</name>
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          <isin value="US249002LR56"/>
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        <valUSD>5786328.50000000</valUSD>
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        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>3.66000000</annualizedRt>
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        <name>CONNECTICUT ST</name>
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        <lei>549300X3TODFMUKLQ364</lei>
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        <name>HARRIS CNTY TX TOLL ROAD REVEN</name>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>DELAWARE ST TRANSPRTN AUTH TRA</name>
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        <name>TEXAS ST</name>
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        <name>MICHIGAN ST UNIV REVENUES</name>
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          <isin value="US594712XA44"/>
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        <name>FORSYTH CNTY NC</name>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
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        <name>NEW YORK NY CITY TRANSITIONAL</name>
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        <name>DIST OF COLUMBIA INCOME TAX SE</name>
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        <name>MIDDLESEX CNTY NJ IMPT AUTH LE</name>
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        <name>LEANDER TX INDEP SCH DIST</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST TRUNK LINE</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line Revenue</title>
        <cusip>5946954E5</cusip>
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          <isin value="US5946954E56"/>
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        <balance>6270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7233645.71000000</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>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTH CAROLINA ST LTD OBLIG</name>
        <lei>N/A</lei>
        <title>State of North Carolina</title>
        <cusip>65829QCT9</cusip>
        <identifiers>
          <isin value="US65829QCT94"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin</title>
        <cusip>97705MZZ1</cusip>
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          <isin value="US97705MZZ12"/>
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        <balance>13780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15331162.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>
        <valUSD>1915308.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOUDOUN CNTY VA</name>
        <lei>N/A</lei>
        <title>County of Loudoun VA</title>
        <cusip>54589TKJ0</cusip>
        <identifiers>
          <isin value="US54589TKJ06"/>
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        <balance>7555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7748024.96000000</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>2025-12-01</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>SAN ANTONIO TX WTR REVENUE</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>San Antonio Water System</title>
        <cusip>79642GPS5</cusip>
        <identifiers>
          <isin value="US79642GPS56"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2030757.20000000</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>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW JERSEY INFRASTRUCTURE BANK</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>New Jersey Infrastructure Bank</title>
        <cusip>64580CNM5</cusip>
        <identifiers>
          <isin value="US64580CNM54"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10822685.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</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>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Note/Bond</title>
        <cusip>91282CKE0</cusip>
        <identifiers>
          <isin value="US91282CKE02"/>
          <other otherDesc="SEDOL" value="BQ2MK50"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14742187.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAN ANTONIO TX WTR REVENUE</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>San Antonio Water System</title>
        <cusip>79642GPT3</cusip>
        <identifiers>
          <isin value="US79642GPT30"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2583648.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</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>646067HC5</cusip>
        <identifiers>
          <isin value="US646067HC58"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4294722.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</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>
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          <isin value="US646140ES88"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12921212.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <isCashCollateral>N</isCashCollateral>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974D3V8</cusip>
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          <isin value="US93974D3V82"/>
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        <balance>6650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6920922.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</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>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DYT9</cusip>
        <identifiers>
          <isin value="US13063DYT98"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8160096.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST CLEAN WTR TRU</name>
        <lei>549300SYPEROLSQU0261</lei>
        <title>Massachusetts Clean Water Trust/The</title>
        <cusip>575829LF1</cusip>
        <identifiers>
          <isin value="US575829LF18"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2688520.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENVER CITY &amp; CNTY CO ARPT REV</name>
        <lei>N/A</lei>
        <title>City &amp; County of Denver CO Airport System Revenue</title>
        <cusip>249182RY4</cusip>
        <identifiers>
          <isin value="US249182RY46"/>
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        <balance>2225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2369532.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKLAHOMA ST TURNPIKE AUTH</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>Oklahoma Turnpike Authority</title>
        <cusip>679111YZ1</cusip>
        <identifiers>
          <isin value="US679111YZ16"/>
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        <balance>2985000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3173485.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20774Y3C9</cusip>
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          <isin value="US20774Y3C91"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5346289.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority</title>
        <cusip>89602RFX8</cusip>
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          <isin value="US89602RFX89"/>
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        <balance>10000000.00000000</balance>
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        <name>NEW JERSEY ST HLTH CARE FACS F</name>
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        <name>OSSEO MN INDEP SCH DIST #279</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <name>MET UTILITIES DIST NE WTR REVE</name>
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      </invstOrSec>
      <invstOrSec>
        <name>HURST-EULESS-BEDFORD TX INDEP</name>
        <lei>N/A</lei>
        <title>Hurst-Euless-Bedford Independent School District</title>
        <cusip>447819KA0</cusip>
        <identifiers>
          <isin value="US447819KA00"/>
        </identifiers>
        <balance>13245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15472349.40000000</valUSD>
        <pctVal>0.380355380375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>EL PASO TX WTR &amp; SWR REVENUE</name>
        <lei>N/A</lei>
        <title>City of El Paso TX Water &amp; Sewer Revenue</title>
        <cusip>283822VS0</cusip>
        <identifiers>
          <isin value="US283822VS01"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5509300.00000000</valUSD>
        <pctVal>0.135434628764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</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>HARRIS CNTY TX TOLL ROAD REVEN</name>
        <lei>N/A</lei>
        <title>County of Harris TX Toll Road Revenue</title>
        <cusip>41423PCW5</cusip>
        <identifiers>
          <isin value="US41423PCW59"/>
        </identifiers>
        <balance>6800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7553314.20000000</valUSD>
        <pctVal>0.185682446884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</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>MASSACHUSETTS ST CLEAN WTR TRU</name>
        <lei>549300SYPEROLSQU0261</lei>
        <title>Massachusetts Clean Water Trust/The</title>
        <cusip>575829LG9</cusip>
        <identifiers>
          <isin value="US575829LG90"/>
        </identifiers>
        <balance>2160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2369709.86000000</valUSD>
        <pctVal>0.058254365376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</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>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>5187961.46000000</valUSD>
        <pctVal>0.127535192198</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>FLORIDA ST TURNPIKE AUTH TURNP</name>
        <lei>N/A</lei>
        <title>State of Florida Department of Transportation Turnpike System Revenue</title>
        <cusip>343137RE7</cusip>
        <identifiers>
          <isin value="US343137RE70"/>
        </identifiers>
        <balance>6545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7424849.59000000</valUSD>
        <pctVal>0.182524412875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>6461397B5</cusip>
        <identifiers>
          <isin value="US6461397B53"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1043940.90000000</valUSD>
        <pctVal>0.025663105701</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>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 ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FV50</cusip>
        <identifiers>
          <isin value="US64990FV505"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5346731.50000000</valUSD>
        <pctVal>0.131438221880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</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>CALIFORNIA ST</name>
        <lei>N/A</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>15581494.50000000</valUSD>
        <pctVal>0.383038484599</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>NEW YORK ST DORM AUTH SALES TA</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990AHJ7</cusip>
        <identifiers>
          <isin value="US64990AHJ79"/>
        </identifiers>
        <balance>12000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12781599.60000000</valUSD>
        <pctVal>0.314208918890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</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>MASSACHUSETTS ST CLEAN WTR TRU</name>
        <lei>549300SYPEROLSQU0261</lei>
        <title>Massachusetts Clean Water Trust/The</title>
        <cusip>575829LK0</cusip>
        <identifiers>
          <isin value="US575829LK03"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2889684.50000000</valUSD>
        <pctVal>0.071036855408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</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>KING CNTY WA SCH DIST #411 ISS</name>
        <lei>N/A</lei>
        <title>King County School District No 411 Issaquah</title>
        <cusip>4952244L8</cusip>
        <identifiers>
          <isin value="US4952244L80"/>
        </identifiers>
        <balance>9000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9510193.80000000</valUSD>
        <pctVal>0.233788242931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</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>2024-06-28</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>
</edgarSubmission>
