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      <invstOrSec>
        <name>TEXAS A &amp; M UNIV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOUDOUN CNTY VA</name>
        <lei>N/A</lei>
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          <ticker value="LDN"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA.</name>
        <lei>N/A</lei>
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        <cusip>20282EAF3</cusip>
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          <isin value="US20282EAF34"/>
          <ticker value="CMNGEN"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HOWARD CNTY MD</name>
        <lei>N/A</lei>
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        <cusip>44256PKQ5</cusip>
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          <isin value="US44256PKQ53"/>
          <ticker value="HOW"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MIAMI-DADE CNTY FLA SCH BRD</name>
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        <cusip>59333MH65</cusip>
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          <isin value="US59333MH658"/>
          <ticker value="MIAEDU"/>
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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>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>WAYNE CNTY MICH ARPT AUTH</name>
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        <cusip>944514SS8</cusip>
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          <isin value="US944514SS89"/>
          <ticker value="WAYAPT"/>
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        <balance>9690000</balance>
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        <curCd>USD</curCd>
        <valUSD>11615112.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>PENNSYLVANIA ST TPK COMMN</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <cusip>709224CS6</cusip>
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          <isin value="US709224CS69"/>
          <ticker value="PASTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5700250</valUSD>
        <pctVal>0.1862776423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MARICOPA CNTY ARIZ UNI SCH DIST NO 69 PARADISE VY</name>
        <lei>N/A</lei>
        <title>MARICOPA CNTY ARIZ UNI SCH DIST NO 69 PARADISE VY SCH IMPT BDS 2018 C</title>
        <cusip>567373E76</cusip>
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          <isin value="US567373E765"/>
          <ticker value="MARSCD"/>
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        <balance>1500000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>PENNSYLVANIA ST</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST GO BDS FIRST SERIES OF 2012</title>
        <cusip>70914PSQ6</cusip>
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          <isin value="US70914PSQ62"/>
          <ticker value="PAS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5277750</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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        <name>SCAGO EDL FACS CORP FOR CHEROKEE SCH DIST NO 1 S C INSTALLMENT PUR</name>
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        <cusip>80585GBM0</cusip>
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          <isin value="US80585GBM06"/>
          <ticker value="SCAEDU"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>592090</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANA HEALTH &amp; EDL FAC FING AUTH</name>
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          <isin value="US454795FG54"/>
          <ticker value="INSMED"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ORLANDO FLA UTILS COMMN</name>
        <lei>549300EJR7JVMRXL5D66</lei>
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        <cusip>686507GL2</cusip>
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          <ticker value="ORLUTL"/>
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        <name>OHIO ST</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>OHIO ST INFRASTRUCTURE IMPT GO BDS 2013 A</title>
        <cusip>677521C79</cusip>
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          <ticker value="OHS"/>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <ticker value="NYC"/>
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        <name>GEORGIA ST</name>
        <lei>N/A</lei>
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        <cusip>3733846K7</cusip>
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          <isin value="US3733846K70"/>
          <ticker value="GAS"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SACRAMENTO CNTY CALIF</name>
        <lei>549300OXI5MD45L13R20</lei>
        <title>SACRAMENTO CNTY CALIF SR REF BDS 2018 C</title>
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          <ticker value="SACAPT"/>
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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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      <invstOrSec>
        <name>LOUISIANA ST</name>
        <lei>N/A</lei>
        <title>LOUISIANA ST GO BDS 2013-A</title>
        <cusip>546415L32</cusip>
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          <isin value="US546415L328"/>
          <ticker value="LAS"/>
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        <balance>6500000</balance>
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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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>DENVER COLO CITY &amp; CNTY SUB REV BDS 2013</title>
        <cusip>249182JC1</cusip>
        <identifiers>
          <isin value="US249182JC18"/>
          <ticker value="DENAPT"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1718055</valUSD>
        <pctVal>0.0561440700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY MET SWR DIST</name>
        <lei>5493004O4I11L8BK0A22</lei>
        <title>LOUISVILLE &amp; JEFFERSON CNTY KY MET SWR DIST REV BDS 2011 A</title>
        <cusip>546589RX2</cusip>
        <identifiers>
          <isin value="US546589RX29"/>
          <ticker value="LOUUTL"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3190560</valUSD>
        <pctVal>0.1042638471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2005 D/E/F</title>
        <cusip>64966KHM8</cusip>
        <identifiers>
          <isin value="US64966KHM80"/>
          <ticker value="NYC"/>
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        <balance>5000</balance>
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        <curCd>USD</curCd>
        <valUSD>5015.55</valUSD>
        <pctVal>0.0001639024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST SCH BLDG AUTH SR SALES TAX BDS</title>
        <cusip>576000VC4</cusip>
        <identifiers>
          <isin value="US576000VC42"/>
          <ticker value="MASEDU"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5987950</valUSD>
        <pctVal>0.1956793489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOS ANGELES CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CALIF CMNTY COLLEGE DIST GO BDS</title>
        <cusip>54438CTE2</cusip>
        <identifiers>
          <isin value="US54438CTE20"/>
          <ticker value="LOSHGR"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11690600</valUSD>
        <pctVal>0.3820354204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>NESHAMINY PA SCH DIST</name>
        <lei>5493002TE8OVIYHZ6553</lei>
        <title>NESHAMINY PA SCH DIST GO NTS AND BDS 2015</title>
        <cusip>64084FKG5</cusip>
        <identifiers>
          <isin value="US64084FKG53"/>
          <ticker value="NESSCD"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5642500</valUSD>
        <pctVal>0.1843904385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTH CAROLINA TRANSN INFRASTRUCTURE BK</name>
        <lei>N/A</lei>
        <title>SOUTH CAROLINA TRANSN INFRASTRUCTURE BK REF BDS 2003B</title>
        <cusip>837152VD6</cusip>
        <identifiers>
          <isin value="US837152VD68"/>
          <ticker value="SCSTRN"/>
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        <balance>24880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24906870.4</valUSD>
        <pctVal>0.8139280024</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>Floating</couponKind>
          <annualizedRt>1.594000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AUTH N Y</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT SECURITIZATION AUTH N Y RESTRUCTURING BDS 2013TE</title>
        <cusip>91802RAQ2</cusip>
        <identifiers>
          <isin value="US91802RAQ20"/>
          <ticker value="UTLUTL"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127660</valUSD>
        <pctVal>0.0368506375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA ST TPK AUTH</name>
        <lei>N/A</lei>
        <title>FLORIDA ST TPK AUTH TPK REV BDS 2013C</title>
        <cusip>3431364K0</cusip>
        <identifiers>
          <isin value="US3431364K08"/>
          <ticker value="FLSTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5389900</valUSD>
        <pctVal>0.1761357597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHIPPEWA VALLEY MICH SCHS</name>
        <lei>N/A</lei>
        <title>CHIPPEWA VALLEY MICH SCHS GO ULTD TAX REF BDS 2016 A</title>
        <cusip>170016ZL6</cusip>
        <identifiers>
          <isin value="US170016ZL66"/>
          <ticker value="CPVSCD"/>
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        <balance>400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>480720</valUSD>
        <pctVal>0.0157093791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST G.O. BDS 2000</title>
        <cusip>13062TU51</cusip>
        <identifiers>
          <isin value="US13062TU516"/>
          <ticker value="CAST30B"/>
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        <balance>80000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80293.6</valUSD>
        <pctVal>0.0026239029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PORTER CNTY IND JAIL BLDG CORP</name>
        <lei>N/A</lei>
        <title>PORTER CNTY IND JAIL BLDG CORP REF-FIRST MTG BDS 2001</title>
        <cusip>73623MDW2</cusip>
        <identifiers>
          <isin value="US73623MDW29"/>
          <ticker value="PTRFAC"/>
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        <balance>785000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>808675.6</valUSD>
        <pctVal>0.0264265925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>PORTER CNTY IND JAIL BLDG CORP</name>
        <lei>N/A</lei>
        <title>PORTER CNTY IND JAIL BLDG CORP REF-FIRST MTG BDS 2001</title>
        <cusip>73623MDX0</cusip>
        <identifiers>
          <isin value="US73623MDX02"/>
          <ticker value="PTRFAC"/>
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        <balance>1135000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1271517.8</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>2024-01-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>DENVER COLO CITY &amp; CNTY SCH DIST NO 1 REF BDS 2005 A</title>
        <cusip>249174HL0</cusip>
        <identifiers>
          <isin value="US249174HL01"/>
          <ticker value="DENSCD"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5634450</valUSD>
        <pctVal>0.1841273737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST LOC GOVT ASSISTANCE CORP</name>
        <lei>549300K72PDVHQ5R5Y86</lei>
        <title>NEW YORK ST LOC GOVT ASSISTANCE CORP REF BDS 1993E</title>
        <cusip>649876XY0</cusip>
        <identifiers>
          <isin value="US649876XY08"/>
          <ticker value="NYSGEN"/>
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        <balance>5075000</balance>
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        <curCd>USD</curCd>
        <valUSD>5221616.75</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>2021-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOWER COLO RIV AUTH TEX</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLO RIV AUTH TEX REV BDS 1998</title>
        <cusip>5481003N4</cusip>
        <identifiers>
          <isin value="US5481003N47"/>
          <ticker value="LWCPWR"/>
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        <balance>5430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6199159.5</valUSD>
        <pctVal>0.2025814335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GEORGIA ST</name>
        <lei>N/A</lei>
        <title>GEORGIA ST GO REF BDS 2009I</title>
        <cusip>373384PN0</cusip>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PIEDMONT MUN PWR AGY S C</name>
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        <cusip>720175VF2</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
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          <ticker value="NYC"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST VAR PURP GO BDS 2010 E</title>
        <cusip>93974CQF0</cusip>
        <identifiers>
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          <ticker value="WAS"/>
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        <balance>1395000</balance>
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        <curCd>USD</curCd>
        <valUSD>1398208.5</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>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST</name>
        <lei>N/A</lei>
        <title>COLORADO ST TAX &amp; REV ANTIC NTS 2019</title>
        <cusip>196729CJ4</cusip>
        <identifiers>
          <isin value="US196729CJ45"/>
          <ticker value="COSGEN"/>
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        <balance>15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15136200</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>2020-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH CAROLINA ST</name>
        <lei>N/A</lei>
        <title>NORTH CAROLINA ST GO PUB IMPT BDS 2010A</title>
        <cusip>658256E73</cusip>
        <identifiers>
          <isin value="US658256E739"/>
          <ticker value="NCS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5064850</valUSD>
        <pctVal>0.1655134980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RHODE ISLAND INFRASTUCTURE BANK</name>
        <lei>N/A</lei>
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        <cusip>76218TLK8</cusip>
        <identifiers>
          <isin value="US76218TLK87"/>
          <ticker value="RISWTR"/>
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        <balance>2880000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2964297.6</valUSD>
        <pctVal>0.0968698510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MASSACHUSETTS ST WTR RES AUTH</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>MASSACHUSETTS ST WTR RES AUTH GEN REV BDS 2010</title>
        <cusip>576051BL9</cusip>
        <identifiers>
          <isin value="US576051BL92"/>
          <ticker value="MASWTR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5112550</valUSD>
        <pctVal>0.1670722793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH REV BDS 2010 A</title>
        <cusip>45200F3N7</cusip>
        <identifiers>
          <isin value="US45200F3N78"/>
          <ticker value="ILSGEN"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2515450</valUSD>
        <pctVal>0.0822020254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH PERS INCOME TAX REV BDS 2005</title>
        <cusip>649902BA0</cusip>
        <identifiers>
          <isin value="US649902BA00"/>
          <ticker value="NYSHGR"/>
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        <balance>7040000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9578835.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds MUNI MMKT</title>
        <cusip>665278248</cusip>
        <identifiers>
          <isin value="US6652782482"/>
          <ticker value="NMUXX"/>
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        <balance>125000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDAHO ST</name>
        <lei>N/A</lei>
        <title>IDAHO ST TAX ANTIC NTS 2019</title>
        <cusip>451434BZ6</cusip>
        <identifiers>
          <isin value="US451434BZ66"/>
          <ticker value="IDS"/>
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        <balance>28950000</balance>
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        <curCd>USD</curCd>
        <valUSD>29226183</valUSD>
        <pctVal>0.9550781919</pctVal>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
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        <balance>179013795</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179013795</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WAKE CNTY N C</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>WAKE CNTY N C GO RFDG BDS 2019 B</title>
        <cusip>930864BR3</cusip>
        <identifiers>
          <isin value="US930864BR35"/>
          <ticker value="WAK"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10456300</valUSD>
        <pctVal>0.3416999099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>COOK CNTY ILL</name>
        <lei>5493004UMR7OX4YITE10</lei>
        <title>COOK CNTY ILL SALES TAX REV BDS 2017</title>
        <cusip>213248BD8</cusip>
        <identifiers>
          <isin value="US213248BD88"/>
          <ticker value="COOGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5971200</valUSD>
        <pctVal>0.1951319780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FING AUTH SR LIEN BDS 2019</title>
        <cusip>928104ME5</cusip>
        <identifiers>
          <isin value="US928104ME56"/>
          <ticker value="VASDEV"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1059770</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PALM BEACH CNTY FLA SOLID WASTE AUTH</name>
        <lei>N/A</lei>
        <title>PALM BEACH CNTY FLA SOLID WASTE AUTH REF REV BDS 2011</title>
        <cusip>696560KP5</cusip>
        <identifiers>
          <isin value="US696560KP55"/>
          <ticker value="PALPOL"/>
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        <balance>80000</balance>
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        <curCd>USD</curCd>
        <valUSD>85303.2</valUSD>
        <pctVal>0.0027876109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PALM BEACH CNTY FLA SOLID WASTE AUTH</name>
        <lei>N/A</lei>
        <title>PALM BEACH CNTY FLA SOLID WASTE AUTH REF REV BDS 2011</title>
        <cusip>696560KZ3</cusip>
        <identifiers>
          <isin value="US696560KZ38"/>
          <ticker value="PALPOL"/>
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        <balance>4920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5231878.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILLSBOROUGH CNTY FLA AVIATION AUTH</name>
        <lei>N/A</lei>
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        <cusip>432275AA3</cusip>
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          <isin value="US432275AA35"/>
          <ticker value="HILTRN"/>
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        <curCd>USD</curCd>
        <valUSD>2824725</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA ST UNIV</name>
        <lei>N/A</lei>
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          <isin value="US455114PD49"/>
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        <curCd>USD</curCd>
        <valUSD>1121810</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISIANA ST</name>
        <lei>N/A</lei>
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        <cusip>546486BM2</cusip>
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        <balance>5390000</balance>
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        <curCd>USD</curCd>
        <valUSD>6152523.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAWAII ST</name>
        <lei>N/A</lei>
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        <cusip>419794XL1</cusip>
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          <isin value="US419794XL18"/>
          <ticker value="HISAPT"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019400</valUSD>
        <pctVal>0.0333128246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <cusip>19648FJB1</cusip>
        <identifiers>
          <isin value="US19648FJB13"/>
          <ticker value="COSMED"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1243780</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP</name>
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        <cusip>71883MGF5</cusip>
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          <isin value="US71883MGF59"/>
          <ticker value="PHOAPT"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HARRIS CNTY TEX FLOOD CTL DIST</name>
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        <cusip>4140184W8</cusip>
        <identifiers>
          <isin value="US4140184W81"/>
          <ticker value="HARWTR"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10288900</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LOUISIANA ST</name>
        <lei>N/A</lei>
        <title>LOUISIANA ST GO REF BDS 2013-C</title>
        <cusip>546415P46</cusip>
        <identifiers>
          <isin value="US546415P469"/>
          <ticker value="LAS"/>
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        <balance>2825000</balance>
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        <curCd>USD</curCd>
        <valUSD>3193521.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA STATEWIDE CMNTYS DEV AUTH</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STATEWIDE CMNTYS DEV AUTH STUDENT HSG REF REV BDS 2016</title>
        <cusip>13078RGB0</cusip>
        <identifiers>
          <isin value="US13078RGB06"/>
          <ticker value="CASDEV"/>
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        <balance>1250000</balance>
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        <curCd>USD</curCd>
        <valUSD>1475787.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS BAY TRANSN AUTH MASS</name>
        <lei>549300D2U0XBUXGX8P68</lei>
        <title>MASSACHUSETTS BAY TRANSN AUTH MASS SR SALES TAX BDS 2016 A</title>
        <cusip>575579ZP5</cusip>
        <identifiers>
          <isin value="US575579ZP53"/>
          <ticker value="MASTRN"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2477580</valUSD>
        <pctVal>0.0809644772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>N/A</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH SECOND GEN RESOLUTION REV BDS 2017 EE</title>
        <cusip>64972GNR1</cusip>
        <identifiers>
          <isin value="US64972GNR10"/>
          <ticker value="NYCUTL"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3103950</valUSD>
        <pctVal>0.1014335315</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GEORGIA MUN ELEC AUTH</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>GEORGIA MUN ELEC AUTH REV BDS 2015A</title>
        <cusip>626207H31</cusip>
        <identifiers>
          <isin value="US626207H312"/>
          <ticker value="MELPWR"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2816175</valUSD>
        <pctVal>0.0920293740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH N Y &amp; N J CONSOLIDATED BDS 2014</title>
        <cusip>73358WTP9</cusip>
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          <isin value="US73358WTP94"/>
          <ticker value="PORTRN"/>
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        <balance>1130000</balance>
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        <curCd>USD</curCd>
        <valUSD>1304065.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SECURED SUBORDINATE BDS 2010B</title>
        <cusip>64971M5G3</cusip>
        <identifiers>
          <isin value="US64971M5G32"/>
          <ticker value="NYCGEN"/>
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        <balance>1700000</balance>
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        <curCd>USD</curCd>
        <valUSD>1815634</valUSD>
        <pctVal>0.0593328399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.525000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST HEALTH &amp; EDL FACS AUTH REV BDS 2002 K</title>
        <cusip>57585KWD6</cusip>
        <identifiers>
          <isin value="US57585KWD61"/>
          <ticker value="MASMED"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3552050</valUSD>
        <pctVal>0.1160769263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALT LAKE CITY UTAH</name>
        <lei>549300CRGKV67DRSGT85</lei>
        <title>SALT LAKE CITY UTAH REV BDS</title>
        <cusip>795576FK8</cusip>
        <identifiers>
          <isin value="US795576FK83"/>
          <ticker value="SALAPT"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1805340</valUSD>
        <pctVal>0.0589964438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST URBAN DEV CORP</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV CORP INCOME TAX REV BDS 2013</title>
        <cusip>650035ZP6</cusip>
        <identifiers>
          <isin value="US650035ZP60"/>
          <ticker value="NYSDEV"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1653870</valUSD>
        <pctVal>0.0540465777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST DEPT WTR RES</name>
        <lei>549300X618YEC5LGBQ98</lei>
        <title>CALIFORNIA ST DEPT WTR RES REV BDS</title>
        <cusip>13066KV71</cusip>
        <identifiers>
          <isin value="US13066KV712"/>
          <ticker value="CASWTR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>45505MAT3</cusip>
        <identifiers>
          <isin value="US45505MAT36"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO ST UNIV</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
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        <cusip>677632E64</cusip>
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          <isin value="US677632E647"/>
          <ticker value="OHSHGR"/>
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        <balance>1925000</balance>
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        <curCd>USD</curCd>
        <valUSD>1925000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.580000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA HSG FIN AGY</name>
        <lei>549300BOPCVLBA552Z14</lei>
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        <cusip>13033DAC9</cusip>
        <identifiers>
          <isin value="US13033DAC92"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2287100</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <cusip>59259YFX2</cusip>
        <identifiers>
          <isin value="US59259YFX22"/>
          <ticker value="MTATRN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5186400</valUSD>
        <pctVal>0.1694856128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST</name>
        <lei>N/A</lei>
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        <cusip>576004FQ3</cusip>
        <identifiers>
          <isin value="US576004FQ34"/>
          <ticker value="MASOBL"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>531005</valUSD>
        <pctVal>0.0173526353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH BDS 2018</title>
        <cusip>13049YBF7</cusip>
        <identifiers>
          <isin value="US13049YBF79"/>
          <ticker value="CASFIN"/>
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        <balance>3440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4133641.6</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>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA DEV FIN CORP</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>FLORIDA DEV FIN CORP BDS 2019 B</title>
        <cusip>34061YAE0</cusip>
        <identifiers>
          <isin value="US34061YAE05"/>
          <ticker value="FLSDEV"/>
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        <balance>20000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20021800</valUSD>
        <pctVal>0.6542894959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.900000000000</annualizedRt>
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      <invstOrSec>
        <name>MONTGOMERY CNTY MD</name>
        <lei>549300GNX5SDUEBKPK13</lei>
        <title>MONTGOMERY CNTY MD CONS PUB IMPT VAR RATE GO BDS 2017 E</title>
        <cusip>6133408D3</cusip>
        <identifiers>
          <isin value="US6133408D38"/>
          <ticker value="MON"/>
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        <balance>12595000</balance>
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        <curCd>USD</curCd>
        <valUSD>12595000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.650000000000</annualizedRt>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA WTR &amp; SWR AUTH</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
        <title>DISTRICT COLUMBIA WTR &amp; SWR AUTH PUB UTIL SUB LIEN REV REF BDS 2014C</title>
        <cusip>254845LB4</cusip>
        <identifiers>
          <isin value="US254845LB48"/>
          <ticker value="DISUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5779050</valUSD>
        <pctVal>0.1888527361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ALASKA ST HSG FIN CORP</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
        <title>ALASKA ST HSG FIN CORP ST CAPITAL PROJ BDS II 2017 A</title>
        <cusip>011839NS2</cusip>
        <identifiers>
          <isin value="US011839NS23"/>
          <ticker value="AKSHSG"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6073150</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH BDS 2018</title>
        <cusip>13049YBE0</cusip>
        <identifiers>
          <isin value="US13049YBE05"/>
          <ticker value="CASFIN"/>
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        <balance>6130000</balance>
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        <curCd>USD</curCd>
        <valUSD>7390144.1</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BATTLE CREEK MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BATTLE CREEK MICH SCH DIST GO ULTD TAX REF BDS 2016</title>
        <cusip>071446BH0</cusip>
        <identifiers>
          <isin value="US071446BH03"/>
          <ticker value="BATSCD"/>
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        <balance>1540000</balance>
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        <valUSD>1864616.6</valUSD>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON ST HEALTH CARE FACS AUTH</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>WASHINGTON ST HEALTH CARE FACS AUTH REV BDS 2010A</title>
        <cusip>93978E7V8</cusip>
        <identifiers>
          <isin value="US93978E7V87"/>
          <ticker value="WASMED"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH REV BDS 2015</title>
        <cusip>45203HS52</cusip>
        <identifiers>
          <isin value="US45203HS525"/>
          <ticker value="ILSGEN"/>
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        <balance>1455000</balance>
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        <curCd>USD</curCd>
        <valUSD>1649839.05</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2016</title>
        <cusip>64966MAW9</cusip>
        <identifiers>
          <isin value="US64966MAW91"/>
          <ticker value="NYC"/>
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        <balance>1045000</balance>
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        <curCd>USD</curCd>
        <valUSD>1278317.15</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ST MARYS CNTY MD</name>
        <lei>N/A</lei>
        <title>ST MARYS CNTY MD CONS PUB IMPT BDS 2016</title>
        <cusip>792554XG7</cusip>
        <identifiers>
          <isin value="US792554XG72"/>
          <ticker value="STM"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>585505</valUSD>
        <pctVal>0.0191336329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HILLSBOROUGH CNTY FLA AVIATION AUTH</name>
        <lei>N/A</lei>
        <title>HILLSBOROUGH CNTY FLA AVIATION AUTH REV BDS 2015</title>
        <cusip>432308F82</cusip>
        <identifiers>
          <isin value="US432308F829"/>
          <ticker value="HILTRN"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4568120</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GEORGIA ST</name>
        <lei>N/A</lei>
        <title>GEORGIA ST GO BDS 2018A</title>
        <cusip>373385CV3</cusip>
        <identifiers>
          <isin value="US373385CV31"/>
          <ticker value="GAS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5745900</valUSD>
        <pctVal>0.1877694320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONOLULU HAWAII CITY &amp; CNTY WASTEWTR SYS</name>
        <lei>N/A</lei>
        <title>HONOLULU HAWAII CITY &amp; CNTY WASTEWTR SYS REV BDS 2015</title>
        <cusip>438701ZN7</cusip>
        <identifiers>
          <isin value="US438701ZN73"/>
          <ticker value="HONUTL"/>
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        <balance>11755000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14008080.85</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MICHIGAN MUN BD AUTH</name>
        <lei>N/A</lei>
        <title>MICHIGAN MUN BD AUTH REV BDS 2004</title>
        <cusip>59455TU67</cusip>
        <identifiers>
          <isin value="US59455TU673"/>
          <ticker value="MIMGEN"/>
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        <balance>345000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345976.35</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>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SECURED SUBORDINATE BDS 2003B</title>
        <cusip>64971QJP9</cusip>
        <identifiers>
          <isin value="US64971QJP90"/>
          <ticker value="NYCGEN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2084640</valUSD>
        <pctVal>0.0681236480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LYON CNTY KANS UNI SCH DIST NO 253 EMPORIA</name>
        <lei>N/A</lei>
        <title>LYON CNTY KANS UNI SCH DIST NO 253 EMPORIA GO BDS 2019</title>
        <cusip>551845HB9</cusip>
        <identifiers>
          <isin value="US551845HB92"/>
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        <balance>4500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4531230</valUSD>
        <pctVal>0.1480754074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS WATER DEV BRD</name>
        <lei>N/A</lei>
        <title>TEXAS WATER DEV BRD ST WTR IMPLEMENTATION REV FD REV BDS 2018 A</title>
        <cusip>882854H62</cusip>
        <identifiers>
          <isin value="US882854H625"/>
          <ticker value="TXSWTR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6253400</valUSD>
        <pctVal>0.2043539509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAIN STR NAT GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STR NAT GAS INC GA BDS 2018 A</title>
        <cusip>56035DAK8</cusip>
        <identifiers>
          <isin value="US56035DAK81"/>
          <ticker value="MAIUTL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2713900</valUSD>
        <pctVal>0.0886871442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH N Y &amp; N J CONSOLIDATED BDS</title>
        <cusip>73358WR97</cusip>
        <identifiers>
          <isin value="US73358WR978"/>
          <ticker value="PORTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6183900</valUSD>
        <pctVal>0.2020827705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST VAR PURP GO BDS 2010 E</title>
        <cusip>93974CQQ6</cusip>
        <identifiers>
          <isin value="US93974CQQ68"/>
          <ticker value="WAS"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10030800</valUSD>
        <pctVal>0.3277950572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REEDY CREEK IMPT DIST FLA</name>
        <lei>549300DLSKH6SZ96KV94</lei>
        <title>REEDY CREEK IMPT DIST FLA AD VALOREM TAX BDS 2013</title>
        <cusip>758449NX6</cusip>
        <identifiers>
          <isin value="US758449NX65"/>
          <ticker value="REEGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5634800</valUSD>
        <pctVal>0.1841388113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA HSG FIN AGY</name>
        <lei>N/A</lei>
        <title>DISTRICT COLUMBIA HSG FIN AGY COLLATERALIZED BDS 2019</title>
        <cusip>25477PPC3</cusip>
        <identifiers>
          <isin value="US25477PPC31"/>
          <ticker value="DISMFH"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2504300</valUSD>
        <pctVal>0.0818376562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.450000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>LANCASTER CNTY NEB SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>LANCASTER CNTY NEB SCH DIST NO 1 GO REF BDS 2015</title>
        <cusip>514014PD5</cusip>
        <identifiers>
          <isin value="US514014PD51"/>
          <ticker value="LANSCD"/>
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        <balance>3760000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4501246.4</valUSD>
        <pctVal>0.1470955777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REEDY CREEK IMPT DIST FLA</name>
        <lei>549300DLSKH6SZ96KV94</lei>
        <title>REEDY CREEK IMPT DIST FLA AD VALOREM TAX BDS 2013</title>
        <cusip>758449PD8</cusip>
        <identifiers>
          <isin value="US758449PD83"/>
          <ticker value="REEGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5638350</valUSD>
        <pctVal>0.1842548212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA REV BDS 2012</title>
        <cusip>114894RS9</cusip>
        <identifiers>
          <isin value="US114894RS98"/>
          <ticker value="BROAPT"/>
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        <balance>1295000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1429291.5</valUSD>
        <pctVal>0.0467076095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OMAHA PUB PWR DIST NEB</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA PUB PWR DIST NEB REV BDS 2012B</title>
        <cusip>682001AR3</cusip>
        <identifiers>
          <isin value="US682001AR37"/>
          <ticker value="OMAPWR"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3239670</valUSD>
        <pctVal>0.1058687057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST VAR PURP GO AND GO REF BDS</title>
        <cusip>13063BMW9</cusip>
        <identifiers>
          <isin value="US13063BMW99"/>
          <ticker value="CAS"/>
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        <balance>1000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH</name>
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        <cusip>56682HCA5</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HAMPTON ROADS SANTN DIST VA</name>
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        <cusip>409327GP2</cusip>
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          <ticker value="HMRUTL"/>
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        <balance>3465000</balance>
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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>2027-07-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MONROE CNTY N Y INDL DEV CORP</name>
        <lei>549300PEMUZY5D3ZXQ58</lei>
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        <cusip>61075TQK7</cusip>
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          <ticker value="MONDEV"/>
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        <balance>2500000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HONOLULU HAWAII CITY &amp; CNTY</name>
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        <cusip>438687DR3</cusip>
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          <isin value="US438687DR32"/>
          <ticker value="HON"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <cusip>64971WRN2</cusip>
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          <isin value="US64971WRN29"/>
          <ticker value="NYCGEN"/>
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        <balance>5000000</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>2030-02-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST MTR VEH FUEL TAX GO BDS 2014E</title>
        <cusip>93974DFG8</cusip>
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          <isin value="US93974DFG88"/>
          <ticker value="WAS"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
        <title>METROPOLITAN WASH D C ARPTS AUTH AIRPORT SYS REV REF BDS SERIES 2011</title>
        <cusip>592646Z97</cusip>
        <identifiers>
          <isin value="US592646Z974"/>
          <ticker value="METAPT"/>
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        <balance>3000000</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>
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          <maturityDt>2020-10-01</maturityDt>
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      <invstOrSec>
        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
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        <cusip>5926462F9</cusip>
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          <isin value="US5926462F94"/>
          <ticker value="METAPT"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHARLOTTE N C</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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        <cusip>161035FB1</cusip>
        <identifiers>
          <isin value="US161035FB19"/>
          <ticker value="CHA"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358WR89</cusip>
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          <ticker value="PORTRN"/>
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        <balance>2000000</balance>
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        <assetCat>DBT</assetCat>
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        <name>MARICOPA CNTY ARIZ UN HIGH SCH DIST NO 210 PHOENIX</name>
        <lei>N/A</lei>
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          <ticker value="MARSCD"/>
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        <name>SAN ANTONIO TEX</name>
        <lei>N/A</lei>
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        <cusip>7962537R7</cusip>
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          <ticker value="SANUTL"/>
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        <name>KANSAS CITY MO</name>
        <lei>N/A</lei>
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          <ticker value="KANUTL"/>
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        <balance>3750000</balance>
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      <invstOrSec>
        <name>WENTZVILLE R-IV SCH DIST MO</name>
        <lei>N/A</lei>
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        <cusip>950732YD3</cusip>
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          <ticker value="WENSCD"/>
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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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          <couponKind>None</couponKind>
          <annualizedRt>N/A</annualizedRt>
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      <invstOrSec>
        <name>BURBANK CALIF UNI SCH DIST</name>
        <lei>54930068ZHOQ5PICU256</lei>
        <title>BURBANK CALIF UNI SCH DIST GO BDS 2015A</title>
        <cusip>12082SCW2</cusip>
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          <isin value="US12082SCW26"/>
          <ticker value="BURSCD"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3386040</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>2034-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>N/A</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTA CLARA VY CALIF WTR DIST</name>
        <lei>N/A</lei>
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          <isin value="US80168FLR54"/>
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        <curCd>USD</curCd>
        <valUSD>764387</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OREGON ST</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>OREGON ST G O HIGHER ED REF BDS 2010</title>
        <cusip>68609BH42</cusip>
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          <isin value="US68609BH422"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
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        <cusip>60412AAG8</cusip>
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          <isin value="US60412AAG85"/>
          <ticker value="MNS"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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          <isin value="US64971MUF75"/>
          <ticker value="NYCGEN"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
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        <cusip>97712DSW7</cusip>
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          <ticker value="WISMED"/>
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        <curCd>USD</curCd>
        <valUSD>807805.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH REV BDS 2015 A</title>
        <cusip>45203H5D0</cusip>
        <identifiers>
          <isin value="US45203H5D03"/>
          <ticker value="ILSGEN"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1718250</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <cusip>64972GUL6</cusip>
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          <isin value="US64972GUL66"/>
          <ticker value="NYCUTL"/>
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        <balance>1700000</balance>
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        <curCd>USD</curCd>
        <valUSD>2013531</valUSD>
        <pctVal>0.0657998873</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>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HAWAII ST</name>
        <lei>N/A</lei>
        <title>HAWAII ST BDS 2018 A</title>
        <cusip>419794A44</cusip>
        <identifiers>
          <isin value="US419794A448"/>
          <ticker value="HISAPT"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5967900</valUSD>
        <pctVal>0.1950241378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TENNERGY CORP TENN</name>
        <lei>5493008K3JJFBSC4C235</lei>
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        <cusip>880397BG8</cusip>
        <identifiers>
          <isin value="US880397BG80"/>
          <ticker value="TGYPWR"/>
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        <balance>7400000</balance>
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        <curCd>USD</curCd>
        <valUSD>8508298</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>GLENDALE CALIF</name>
        <lei>N/A</lei>
        <title>GLENDALE CALIF REV BDS 2013</title>
        <cusip>378406MU3</cusip>
        <identifiers>
          <isin value="US378406MU34"/>
          <ticker value="GLEPWR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5592700</valUSD>
        <pctVal>0.1827630315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST GO ST VARIOUS PURP BDS 2012A</title>
        <cusip>6041296K7</cusip>
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          <ticker value="MNS"/>
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        <balance>245000</balance>
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        <curCd>USD</curCd>
        <valUSD>268887.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH</name>
        <lei>N/A</lei>
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        <cusip>56678RAF0</cusip>
        <identifiers>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1831875</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>UNIVERSITY TEX</name>
        <lei>N/A</lei>
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        <cusip>91514AJV8</cusip>
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          <ticker value="UNIHGR"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3817850</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>UNIVERSITY N C CHAPEL HILL</name>
        <lei>N/A</lei>
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        <cusip>914713Q96</cusip>
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          <ticker value="UNCHGR"/>
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        <balance>15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15021000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>OHIO ST TPK COMMN</name>
        <lei>N/A</lei>
        <title>OHIO ST TPK COMMN REF BDS 2017A</title>
        <cusip>67760HLE9</cusip>
        <identifiers>
          <isin value="US67760HLE98"/>
          <ticker value="OHSTRN"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2475500</valUSD>
        <pctVal>0.0808965052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA.</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH FING AUTH PA. BDS 2018</title>
        <cusip>20282EAM8</cusip>
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          <isin value="US20282EAM84"/>
          <ticker value="CMNGEN"/>
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        <valUSD>2451460</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA.</name>
        <lei>N/A</lei>
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          <isin value="US20282EAG17"/>
          <ticker value="CMNGEN"/>
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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>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOSTON MASS</name>
        <lei>N/A</lei>
        <title>BOSTON MASS GO BDS 2019A</title>
        <cusip>100853ZG8</cusip>
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        <name>DENVER COLO CITY &amp; CNTY</name>
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        <name>CORPUS CHRISTI TEX INDPT SCH DIST</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <name>DENVER COLO CITY &amp; CNTY</name>
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        <name>MASSACHUSETTS ST WTR RES AUTH</name>
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        <name>PASCO CNTY FLA SCH BRD</name>
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        <name>SALES TAX ASSET RECEIVABLE CORP N Y</name>
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        <name>MONTGOMERY CNTY PA</name>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <name>MONTGOMERY CNTY N C PUB FACS CORP</name>
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        <name>METROPOLITAN GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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        <name>NORFOLK VA</name>
        <lei>N/A</lei>
        <title>NORFOLK VA REF BDS 2012</title>
        <cusip>655867NB1</cusip>
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          <isin value="US655867NB13"/>
          <ticker value="NOR"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1659855</valUSD>
        <pctVal>0.0542421606</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH INC TAX REV BDS 2011 E</title>
        <cusip>6499026M0</cusip>
        <identifiers>
          <isin value="US6499026M00"/>
          <ticker value="NYSHGR"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1536690</valUSD>
        <pctVal>0.0502172695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2018 E-1</title>
        <cusip>64966MXK0</cusip>
        <identifiers>
          <isin value="US64966MXK07"/>
          <ticker value="NYC"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5581650</valUSD>
        <pctVal>0.1824019301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2018 E-1</title>
        <cusip>64966MXM6</cusip>
        <identifiers>
          <isin value="US64966MXM62"/>
          <ticker value="NYC"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5568300</valUSD>
        <pctVal>0.1819656674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SALES TAX ASSET RECEIVABLE CORP N Y</name>
        <lei>N/A</lei>
        <title>SALES TAX ASSET RECEIVABLE CORP N Y REV BDS 2015A</title>
        <cusip>794665GC7</cusip>
        <identifiers>
          <isin value="US794665GC79"/>
          <ticker value="SLS"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1110920</valUSD>
        <pctVal>0.0363035934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALES TAX ASSET RECEIVABLE CORP N Y</name>
        <lei>N/A</lei>
        <title>SALES TAX ASSET RECEIVABLE CORP N Y REV BDS 2015A</title>
        <cusip>794665FU8</cusip>
        <identifiers>
          <isin value="US794665FU86"/>
          <ticker value="SLS"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1114880</valUSD>
        <pctVal>0.0364330017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH</name>
        <lei>PLD0E0WJKFN8IZJ2WD85</lei>
        <title>MARICOPA CNTY ARIZ INDL DEV AUTH BDS 2017</title>
        <cusip>56682HCM9</cusip>
        <identifiers>
          <isin value="US56682HCM97"/>
          <ticker value="MARDEV"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>551105</valUSD>
        <pctVal>0.0180094803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BURKE CNTY GA DEV AUTH</name>
        <lei>N/A</lei>
        <title>BURKE CNTY GA DEV AUTH REV BDS 2012</title>
        <cusip>121342NL9</cusip>
        <identifiers>
          <isin value="US121342NL92"/>
          <ticker value="BURPOL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2539500</valUSD>
        <pctVal>0.0829879519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO ILL O HARE INTL ARPT</name>
        <lei>N/A</lei>
        <title>CHICAGO ILL O HARE INTL ARPT REF BDS 2015</title>
        <cusip>167593RF1</cusip>
        <identifiers>
          <isin value="US167593RF12"/>
          <ticker value="CHITRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5831100</valUSD>
        <pctVal>0.1905536705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SALT RIV PROJ ARIZ AGRIC IMPT &amp; PWR DIST</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
        <title>SALT RIV PROJ ARIZ AGRIC IMPT &amp; PWR DIST ELEC SYS REF REV BDS 2011 A</title>
        <cusip>79575DN71</cusip>
        <identifiers>
          <isin value="US79575DN715"/>
          <ticker value="SALPWR"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10741100</valUSD>
        <pctVal>0.3510068478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH WTR SWR SYS REV BDS 2015 GG</title>
        <cusip>64972GHJ6</cusip>
        <identifiers>
          <isin value="US64972GHJ67"/>
          <ticker value="NYCUTL"/>
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        <balance>8000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9341040</valUSD>
        <pctVal>0.3052544903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MICH ARPT AUTH REV BDS 2015</title>
        <cusip>944514SU3</cusip>
        <identifiers>
          <isin value="US944514SU36"/>
          <ticker value="WAYAPT"/>
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        <balance>3400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4029850</valUSD>
        <pctVal>0.1316908832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAY AREA TOLL AUTH CALIF</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA TOLL AUTH CALIF REV BDS 2012 SERIES F-1</title>
        <cusip>072024SD5</cusip>
        <identifiers>
          <isin value="US072024SD55"/>
          <ticker value="BAYTRN"/>
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        <balance>1145000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1249332.4</valUSD>
        <pctVal>0.0408267522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>DENVER COLO CITY &amp; CNTY BDS 2018 A-1</title>
        <cusip>24917DBK8</cusip>
        <identifiers>
          <isin value="US24917DBK81"/>
          <ticker value="DENGEN"/>
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        <balance>2750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3222065</valUSD>
        <pctVal>0.1052933944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA ST RES AUTH</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST RES AUTH REF ST REVOLVING FD REV BDS SUB 2005</title>
        <cusip>92817LFD0</cusip>
        <identifiers>
          <isin value="US92817LFD01"/>
          <ticker value="VASWTR"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1119720</valUSD>
        <pctVal>0.0365911673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2018 E-1</title>
        <cusip>64966MXB0</cusip>
        <identifiers>
          <isin value="US64966MXB08"/>
          <ticker value="NYC"/>
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        <balance>2750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3458207.5</valUSD>
        <pctVal>0.1130102609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA ST FIN AUTH</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REF BDS 2015A</title>
        <cusip>45471ANX6</cusip>
        <identifiers>
          <isin value="US45471ANX62"/>
          <ticker value="INSFIN"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4579040</valUSD>
        <pctVal>0.1496377835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG BDS 2011</title>
        <cusip>207758NH2</cusip>
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          <ticker value="CTSGEN"/>
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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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      <invstOrSec>
        <name>RHODE ISLAND ST</name>
        <lei>549300TK0QTLW5HQGC62</lei>
        <title>RHODE ISLAND ST GO REF BDS 2012 A</title>
        <cusip>76222NKY6</cusip>
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          <isin value="US76222NKY66"/>
          <ticker value="RIS"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <cusip>64971QNH2</cusip>
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          <ticker value="NYCGEN"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLARK CNTY NEV</name>
        <lei>N/A</lei>
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        <cusip>180848E90</cusip>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <cusip>57584XZC8</cusip>
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        <balance>2585000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063DLN6</cusip>
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          <isin value="US13063DLN65"/>
          <ticker value="CAS"/>
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        <balance>9000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10380420</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>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT WTR &amp; PWR</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <cusip>544495H72</cusip>
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          <isin value="US544495H726"/>
          <ticker value="LOSUTL"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2895225</valUSD>
        <pctVal>0.0946126375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HEALTH &amp; EDL FACS AUTH REV BDS 2016 A</title>
        <cusip>97712DRA6</cusip>
        <identifiers>
          <isin value="US97712DRA62"/>
          <ticker value="WISMED"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3293010</valUSD>
        <pctVal>0.1076117958</pctVal>
        <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>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF</name>
        <lei>N/A</lei>
        <title>LOS ANGELES CALIF GO REF BDS 2011-B</title>
        <cusip>544351JE0</cusip>
        <identifiers>
          <isin value="US544351JE07"/>
          <ticker value="LOS"/>
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        <balance>55000</balance>
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        <curCd>USD</curCd>
        <valUSD>56493.25</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>2020-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH WTR SWR SYS REV BDS 2015 GG</title>
        <cusip>64972GHD9</cusip>
        <identifiers>
          <isin value="US64972GHD97"/>
          <ticker value="NYCUTL"/>
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        <balance>4765000</balance>
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        <curCd>USD</curCd>
        <valUSD>5663631.35</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>2031-06-15</maturityDt>
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        <name>PENNSYLVANIA ST</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST GO BDS FIRST SERIES OF 2012</title>
        <cusip>70914PSR4</cusip>
        <identifiers>
          <isin value="US70914PSR46"/>
          <ticker value="PAS"/>
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        <balance>5555000</balance>
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        <curCd>USD</curCd>
        <valUSD>5853692.35</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>VERMONT ST</name>
        <lei>N/A</lei>
        <title>VERMONT ST GO BDS 2013 B</title>
        <cusip>924258E44</cusip>
        <identifiers>
          <isin value="US924258E444"/>
          <ticker value="VTS"/>
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        <balance>1425000</balance>
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        <curCd>USD</curCd>
        <valUSD>1569438</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>GEORGIA ST HSG &amp; FIN AUTH</name>
        <lei>549300I628IMF9PWV724</lei>
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        <cusip>37353PEB1</cusip>
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          <ticker value="GASHSG"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>UNIVERSITY COLO ENTERPRISE SYS</name>
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        <cusip>91417KYZ8</cusip>
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          <ticker value="UCOHGR"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA REV BDS 2013</title>
        <cusip>114894VB1</cusip>
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          <isin value="US114894VB18"/>
          <ticker value="BROAPT"/>
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        <valUSD>7109224.55</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>NORTH TEX TWY AUTH SYS AND REF BDS 2017</title>
        <cusip>66285WUV6</cusip>
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          <ticker value="NRTTRN"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>NORTH TEX TWY AUTH SYS AND REF BDS 2017</title>
        <cusip>66285WWJ1</cusip>
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        <curCd>USD</curCd>
        <valUSD>4092750</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WWA0</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <cusip>64972GQE7</cusip>
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      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AUTH N Y</name>
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          <ticker value="UTLUTL"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CHICAGO ILL O HARE INTL ARPT</name>
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        <cusip>167593NR9</cusip>
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          <ticker value="CHITRN"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FLORIDA PORTS FING COMMN</name>
        <lei>N/A</lei>
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          <isin value="US341080EB12"/>
          <ticker value="FLSTRN"/>
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        <valUSD>3625384.7</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY CONN</name>
        <lei>N/A</lei>
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        <cusip>914225HH3</cusip>
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          <ticker value="UNVHGR"/>
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        <balance>8000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-15</maturityDt>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO ST UNIV</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
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        <cusip>677632D99</cusip>
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          <isin value="US677632D995"/>
          <ticker value="OHSHGR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5789050</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966MXE4</cusip>
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          <ticker value="NYC"/>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
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        <cusip>64972HK50</cusip>
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          <ticker value="NYCFAC"/>
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      <invstOrSec>
        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>NORTH TEX TWY AUTH SYS AND REF BDS 2017</title>
        <cusip>66285WWB8</cusip>
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          <isin value="US66285WWB89"/>
          <ticker value="NRTTRN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>RICHLAND CNTY S C SCH DIST NO 2</name>
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        <cusip>763682M65</cusip>
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          <ticker value="RICSCD"/>
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        <balance>3775000</balance>
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        <valUSD>4822147.25</valUSD>
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        <name>PMA LEVY &amp; AID ANTIC NTS PROGRAM WIS</name>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990AAN5</cusip>
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        <name>KNOX CNTY TENN</name>
        <lei>549300WT27UFXOLT2D56</lei>
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        <name>CHANDLER ARIZ</name>
        <lei>N/A</lei>
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          <ticker value="CHAGEN"/>
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        <name>DELAWARE ST</name>
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          <ticker value="DES"/>
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        <name>TENNESSEE ENERGY ACQUISITION CORP</name>
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          <ticker value="TNSUTL"/>
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        <balance>3500000</balance>
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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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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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        <cusip>64986AQ53</cusip>
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        <curCd>USD</curCd>
        <valUSD>5263800</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-15</maturityDt>
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      <invstOrSec>
        <name>WILL GRUNDY ETC CNTYS ILL CMNTY COLLEGE DIST NO 525</name>
        <lei>N/A</lei>
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        <cusip>969080FZ8</cusip>
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          <ticker value="WILHGR"/>
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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>
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          <maturityDt>2036-06-01</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST TOLL HWY AUTH</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <cusip>452252LX5</cusip>
        <identifiers>
          <isin value="US452252LX55"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3491130</valUSD>
        <pctVal>0.1140861305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>BLACK BELT ENERGY GAS DIST ALA</name>
        <lei>549300I8V0Z68JQCB679</lei>
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        <cusip>09182NAJ9</cusip>
        <identifiers>
          <isin value="US09182NAJ90"/>
          <ticker value="BBEUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5177550</valUSD>
        <pctVal>0.1691964049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH REV BDS 2012A-2</title>
        <cusip>64972F4W3</cusip>
        <identifiers>
          <isin value="US64972F4W35"/>
          <ticker value="NYCUTL"/>
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        <balance>15320000</balance>
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        <curCd>USD</curCd>
        <valUSD>15320000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.570000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TENNESSEE HSG DEV AGY</name>
        <lei>N/A</lei>
        <title>TENNESSEE HSG DEV AGY HOMEOWNERSHIP PROG BDS 2011-1</title>
        <cusip>88045RWC2</cusip>
        <identifiers>
          <isin value="US88045RWC23"/>
          <ticker value="TNSDEV"/>
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        <balance>445000</balance>
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        <curCd>USD</curCd>
        <valUSD>449819.35</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>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.050000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TENNESSEE HSG DEV AGY</name>
        <lei>N/A</lei>
        <title>TENNESSEE HSG DEV AGY HOMEOWNERSHIP PROG BDS 2011-1</title>
        <cusip>88045RWE8</cusip>
        <identifiers>
          <isin value="US88045RWE88"/>
          <ticker value="TNSDEV"/>
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        <balance>1520000</balance>
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        <curCd>USD</curCd>
        <valUSD>1532920</valUSD>
        <pctVal>0.0500940702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANCHORAGE ALASKA</name>
        <lei>N/A</lei>
        <title>ANCHORAGE ALASKA SR LIEN ELEC REV REF BDS 2014A</title>
        <cusip>033177ZA7</cusip>
        <identifiers>
          <isin value="US033177ZA72"/>
          <ticker value="ANCPWR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5661450</valUSD>
        <pctVal>0.1850097028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966MEJ4</cusip>
        <identifiers>
          <isin value="US64966MEJ45"/>
          <ticker value="NYC"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>766927.5</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-01</maturityDt>
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        <name>MICHIGAN ST BLDG AUTH</name>
        <lei>N/A</lei>
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        <cusip>594615AQ9</cusip>
        <identifiers>
          <isin value="US594615AQ90"/>
          <ticker value="MISFAC"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
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        <cusip>5926465G4</cusip>
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          <isin value="US5926465G41"/>
          <ticker value="METAPT"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3380550</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>TULSA OKLA PUB FACS AUTH</name>
        <lei>N/A</lei>
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        <cusip>899673CW5</cusip>
        <identifiers>
          <isin value="US899673CW50"/>
          <ticker value="TULGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5355650</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <name>WILLIAMSON CNTY TENN</name>
        <lei>N/A</lei>
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        <cusip>969872MQ0</cusip>
        <identifiers>
          <isin value="US969872MQ07"/>
          <ticker value="WMN"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1195440</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW MEXICO FIN AUTH</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>NEW MEXICO FIN AUTH SNR LIEN REV BDS 2011 C</title>
        <cusip>64711NQZ1</cusip>
        <identifiers>
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          <ticker value="NMSGEN"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966MZR3</cusip>
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          <ticker value="NYC"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARLSBAD CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>CARLSBAD CALIF UNI SCH DIST GO BDS 2011C</title>
        <cusip>142665DF2</cusip>
        <identifiers>
          <isin value="US142665DF22"/>
          <ticker value="CARSCD"/>
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        <balance>11850000</balance>
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        <valUSD>13189168.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <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>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST GO REF BDS R2012</title>
        <cusip>93974CE71</cusip>
        <identifiers>
          <isin value="US93974CE713"/>
          <ticker value="WAS"/>
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        <balance>2925000</balance>
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        <curCd>USD</curCd>
        <valUSD>3092690.25</valUSD>
        <pctVal>0.1010655758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>MAIN STR NAT GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STR NAT GAS INC GA BDS 2018 C</title>
        <cusip>56035DAW2</cusip>
        <identifiers>
          <isin value="US56035DAW20"/>
          <ticker value="MAIUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5450750</valUSD>
        <pctVal>0.1781242680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH REV BDS FISCAL 2014-BB</title>
        <cusip>64972GDE1</cusip>
        <identifiers>
          <isin value="US64972GDE17"/>
          <ticker value="NYCUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5559850</valUSD>
        <pctVal>0.1816895311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEATTLE WASH</name>
        <lei>N/A</lei>
        <title>SEATTLE WASH SOLID WASTE SYS IMPT AND REF REV BDS 2016</title>
        <cusip>812702EU8</cusip>
        <identifiers>
          <isin value="US812702EU82"/>
          <ticker value="SEAPOL"/>
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        <balance>1865000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2109613.4</valUSD>
        <pctVal>0.0689397501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>MAIN STR NAT GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STR NAT GAS INC GA BDS 2018D</title>
        <cusip>56035DAX0</cusip>
        <identifiers>
          <isin value="US56035DAX03"/>
          <ticker value="MAIUTL"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10049600</valUSD>
        <pctVal>0.3284094196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.970000000000</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 YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REV BDS 2016 A</title>
        <cusip>64990E3W5</cusip>
        <identifiers>
          <isin value="US64990E3W56"/>
          <ticker value="NYSHGR"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2353780</valUSD>
        <pctVal>0.0769188350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>DENVER COLO CITY &amp; CNTY SUB REV BDS 2013</title>
        <cusip>249182JD9</cusip>
        <identifiers>
          <isin value="US249182JD90"/>
          <ticker value="DENAPT"/>
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        <balance>1740000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1989411.6</valUSD>
        <pctVal>0.0650116929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST BDS 2018 B</title>
        <cusip>207758YK3</cusip>
        <identifiers>
          <isin value="US207758YK37"/>
          <ticker value="CTSGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6114000</valUSD>
        <pctVal>0.1997985185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA ST TRANSN BRD</name>
        <lei>N/A</lei>
        <title>ARIZONA ST TRANSN BRD REV BDS 2014</title>
        <cusip>040649LU7</cusip>
        <identifiers>
          <isin value="US040649LU79"/>
          <ticker value="AZSTRN"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11670300</valUSD>
        <pctVal>0.3813720397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA BDS 2017</title>
        <cusip>114894XS2</cusip>
        <identifiers>
          <isin value="US114894XS25"/>
          <ticker value="BROAPT"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1786215</valUSD>
        <pctVal>0.0583714607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>MARYLAND ST ST AND LOCAL FACS LN GO REF BDS 2017</title>
        <cusip>574193NS3</cusip>
        <identifiers>
          <isin value="US574193NS38"/>
          <ticker value="MDS"/>
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        <balance>3750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3835275</valUSD>
        <pctVal>0.1253323950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST FEDERALLY TAXABLE VAR PURP GO BDS</title>
        <cusip>13063DGC6</cusip>
        <identifiers>
          <isin value="US13063DGC65"/>
          <ticker value="CAS"/>
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        <balance>6750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7268130</valUSD>
        <pctVal>0.2375141653</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>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>SEATTLE WASH</name>
        <lei>N/A</lei>
        <title>SEATTLE WASH REF REV BDS 2011A</title>
        <cusip>812643QN7</cusip>
        <identifiers>
          <isin value="US812643QN71"/>
          <ticker value="SEAPWR"/>
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        <balance>1670000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1740490.7</valUSD>
        <pctVal>0.0568772429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GWINNETT CNTY GA WTR &amp; SEW AUTH</name>
        <lei>N/A</lei>
        <title>GWINNETT CNTY GA WTR &amp; SEW AUTH REF BDS 2019</title>
        <cusip>403760KE0</cusip>
        <identifiers>
          <isin value="US403760KE08"/>
          <ticker value="GWIUTL"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3951540</valUSD>
        <pctVal>0.1291318021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
        <lei>N/A</lei>
        <title>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH REF REV BDS 2010A</title>
        <cusip>60636UBW8</cusip>
        <identifiers>
          <isin value="US60636UBW80"/>
          <ticker value="MOSENV"/>
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        <balance>5055000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5115103.95</valUSD>
        <pctVal>0.1671557395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>EVERETT WASH</name>
        <lei>N/A</lei>
        <title>EVERETT WASH LTD TAX GO REF BDS 2019</title>
        <cusip>300011NZ2</cusip>
        <identifiers>
          <isin value="US300011NZ21"/>
          <ticker value="EVE"/>
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        <balance>1900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2457156</valUSD>
        <pctVal>0.0802970443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH REF BDS 2018 A</title>
        <cusip>45204EN20</cusip>
        <identifiers>
          <isin value="US45204EN208"/>
          <ticker value="ILSGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5366000</valUSD>
        <pctVal>0.1753547351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990CZ38</cusip>
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        <fairValLevel>2</fairValLevel>
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          <ticker value="CTSGEN"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>N/A</lei>
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        <cusip>64972HY97</cusip>
        <identifiers>
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          <ticker value="NYCFAC"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH</name>
        <lei>N/A</lei>
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        <cusip>67766WYB2</cusip>
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          <isin value="US67766WYB26"/>
          <ticker value="OHSPOL"/>
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        <curCd>USD</curCd>
        <valUSD>2134620</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>TULSA OKLA PUB FACS AUTH</name>
        <lei>N/A</lei>
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        <cusip>899673CY1</cusip>
        <identifiers>
          <isin value="US899673CY17"/>
          <ticker value="TULGEN"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3167250</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
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        <cusip>64972HSH6</cusip>
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          <ticker value="NYCFAC"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10591200</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>HAWAII ST</name>
        <lei>N/A</lei>
        <title>HAWAII ST GO BDS 2014</title>
        <cusip>4197916W3</cusip>
        <identifiers>
          <isin value="US4197916W37"/>
          <ticker value="HIS"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11661200</valUSD>
        <pctVal>0.3810746621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
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        <cusip>60636UBP3</cusip>
        <identifiers>
          <isin value="US60636UBP30"/>
          <ticker value="MOSENV"/>
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        <balance>5000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000</valUSD>
        <pctVal>0.0001633943</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
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        <cusip>60636UAZ2</cusip>
        <identifiers>
          <isin value="US60636UAZ21"/>
          <ticker value="MOSENV"/>
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        <balance>125000</balance>
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        <curCd>USD</curCd>
        <valUSD>141391.25</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>R2G7YMC4K0KXSX0BGX71</lei>
        <title>NEW YORK ST DORM AUTH UNIV REV BDS 2018 A</title>
        <cusip>64990C8L8</cusip>
        <identifiers>
          <isin value="US64990C8L82"/>
          <ticker value="NYSHGR"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3130800</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>MONTGOMERY CNTY MD</name>
        <lei>549300GNX5SDUEBKPK13</lei>
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        <cusip>61334PBF9</cusip>
        <identifiers>
          <isin value="US61334PBF99"/>
          <ticker value="MON"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13186500</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>RIVERSIDE CALIF</name>
        <lei>549300FG48YQF1N4C302</lei>
        <title>RIVERSIDE CALIF REF BDS 2018 A</title>
        <cusip>769047JT9</cusip>
        <identifiers>
          <isin value="US769047JT94"/>
          <ticker value="RIVUTL"/>
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        <balance>3260000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4080737.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CUPERTINO CALIF UN SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>231237A73</cusip>
        <identifiers>
          <isin value="US231237A733"/>
          <ticker value="CUPSCD"/>
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        <balance>435000</balance>
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        <curCd>USD</curCd>
        <valUSD>498314.25</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>LEE CNTY FLA SCH BRD</name>
        <lei>54930014H67DITNA1Q29</lei>
        <title>LEE CNTY FLA SCH BRD COPS 2014B</title>
        <cusip>523494NX6</cusip>
        <identifiers>
          <isin value="US523494NX67"/>
          <ticker value="LEEEDU"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877104</valUSD>
        <pctVal>0.0286627543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>BROWNSVILLE TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>BROWNSVILLE TEX INDPT SCH DIST ULTD TAX REF BDS 2013 A</title>
        <cusip>116421B56</cusip>
        <identifiers>
          <isin value="US116421B566"/>
          <ticker value="BROSCD"/>
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        <balance>100000</balance>
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        <curCd>USD</curCd>
        <valUSD>108067</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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          <couponKind>Fixed</couponKind>
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        <name>CENTRAL TEX REGL MOBILITY AUTH</name>
        <lei>N/A</lei>
        <title>CENTRAL TEX REGL MOBILITY AUTH BDS 2018</title>
        <cusip>155498GH5</cusip>
        <identifiers>
          <isin value="US155498GH55"/>
          <ticker value="CTXGEN"/>
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        <balance>1930000</balance>
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        <curCd>USD</curCd>
        <valUSD>2301312.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPPER OCCOQUAN SEW AUTH VA</name>
        <lei>N/A</lei>
        <title>UPPER OCCOQUAN SEW AUTH VA REV REF BDS 2014</title>
        <cusip>916277LS3</cusip>
        <identifiers>
          <isin value="US916277LS32"/>
          <ticker value="UPPUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST DORM AUTH</name>
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        <cusip>64990C8K0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNESOTA ST MUN PWR AGY</name>
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        <cusip>60412PES5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BLACK BELT ENERGY GAS DIST ALA</name>
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        <cusip>09182NAT7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ECONOMIC DEV AUTH</name>
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        <cusip>645918M83</cusip>
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        <name>MIAMI-DADE CNTY FLA</name>
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        <cusip>59333PK56</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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        <cusip>64972CSJ3</cusip>
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          <ticker value="NYCHSG"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
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        <cusip>59334DLT9</cusip>
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          <ticker value="MIAUTL"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <cusip>45204E4E5</cusip>
        <identifiers>
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          <ticker value="ILSGEN"/>
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        <balance>1940000</balance>
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        <curCd>USD</curCd>
        <valUSD>2259265.8</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>CHICAGO ILL MIDWAY ARPT</name>
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        <cusip>167562MN4</cusip>
        <identifiers>
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          <ticker value="CHIAPT"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO ILL MIDWAY ARPT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
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        <cusip>592647EG2</cusip>
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          <ticker value="METAPT"/>
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        <name>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
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          <ticker value="MOSENV"/>
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        <name>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
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          <ticker value="TXS"/>
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        <name>LOS ANGELES CALIF CMNTY COLLEGE DIST</name>
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          <ticker value="LOSHGR"/>
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        <name>HENRICO CNTY VA</name>
        <lei>N/A</lei>
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          <ticker value="HENUTL"/>
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        <balance>10000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>MISSISSIPPI ST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHARLESTON CNTY S C</name>
        <lei>N/A</lei>
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        <cusip>160069TB6</cusip>
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          <isin value="US160069TB63"/>
          <ticker value="CHA"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH</name>
        <lei>N/A</lei>
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        <cusip>5946147T0</cusip>
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          <isin value="US5946147T08"/>
          <ticker value="MISFAC"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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      <invstOrSec>
        <name>OMAHA PUB PWR DIST NEB</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA PUB PWR DIST NEB SYS BDS 2017 A</title>
        <cusip>682001FW7</cusip>
        <identifiers>
          <isin value="US682001FW76"/>
          <ticker value="OMAPWR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <cusip>59447PTY7</cusip>
        <identifiers>
          <isin value="US59447PTY78"/>
          <ticker value="MISFIN"/>
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        <balance>3970000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH SCH DIST BDS</title>
        <cusip>64990BBN2</cusip>
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          <isin value="US64990BBN29"/>
          <ticker value="NYSHGR"/>
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        <balance>1585000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
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        <name>ARIZONA ST TRANSN BRD</name>
        <lei>N/A</lei>
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        <cusip>040654WN1</cusip>
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          <isin value="US040654WN10"/>
          <ticker value="AZSTRN"/>
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        <balance>12000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13963440</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>LOS ANGELES CALIF DEPT ARPTS</name>
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        <cusip>544445BZ1</cusip>
        <identifiers>
          <isin value="US544445BZ16"/>
          <ticker value="LOSAPT"/>
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        <balance>600000</balance>
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        <curCd>USD</curCd>
        <valUSD>709794</valUSD>
        <pctVal>0.0231952551</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CACHE CNTY UTAH SCH DIST</name>
        <lei>N/A</lei>
        <title>CACHE CNTY UTAH SCH DIST SCH BLDG BDS 2014</title>
        <cusip>127145JT8</cusip>
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          <isin value="US127145JT88"/>
          <ticker value="CACSCD"/>
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        <balance>3325000</balance>
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        <curCd>USD</curCd>
        <valUSD>3682670.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST HIGHER EDL FACS AUTH HEALTH SYS BDS 2017 A</title>
        <cusip>70917SS53</cusip>
        <identifiers>
          <isin value="US70917SS533"/>
          <ticker value="PASHGR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6019850</valUSD>
        <pctVal>0.1967218043</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP</name>
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        <cusip>71883MHT4</cusip>
        <identifiers>
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          <ticker value="PHOAPT"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1528095</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TEXAS A &amp; M UNIV</name>
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        <cusip>8821356H4</cusip>
        <identifiers>
          <isin value="US8821356H42"/>
          <ticker value="TAMHGR"/>
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        <balance>7685000</balance>
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        <valUSD>7794818.65</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN FIN AUTH HOSP REF BDS 2017 A-MI</title>
        <cusip>59447TQV8</cusip>
        <identifiers>
          <isin value="US59447TQV88"/>
          <ticker value="MISFIN"/>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANA ST FIN AUTH</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REV BDS 2014A</title>
        <cusip>45505MDJ2</cusip>
        <identifiers>
          <isin value="US45505MDJ27"/>
          <ticker value="INSUTL"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10815400</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.250000000000</annualizedRt>
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      <invstOrSec>
        <name>BROWARD CNTY FLA SCH DIST</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA SCH DIST TANS 2019</title>
        <cusip>115067JQ4</cusip>
        <identifiers>
          <isin value="US115067JQ49"/>
          <ticker value="BROSCD"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5045200</valUSD>
        <pctVal>0.1648713585</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>TEXAS ST TAX REV ANTIC NTS 2019</title>
        <cusip>882724PY7</cusip>
        <identifiers>
          <isin value="US882724PY74"/>
          <ticker value="TXS"/>
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        <balance>195000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198640650</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-27</maturityDt>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY PUBLIUC SCHOOLS</name>
        <lei>N/A</lei>
        <title>MIAMI-DADE CNTY PUBLIUC SCHOOLS TANS 2019</title>
        <cusip>59333RJF2</cusip>
        <identifiers>
          <isin value="US59333RJF29"/>
          <ticker value="MIASCD"/>
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        <balance>15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15042450</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-27</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MASSACHUSETTS ST</name>
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        <name>UTAH TRANSIT AUTH</name>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
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        <name>OHIO ST WTR DEV AUTH</name>
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        <name>LOS ANGELES CALIF UNI SCH DIST</name>
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      <invstOrSec>
        <name>CHARLES CNTY MD</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
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        <cusip>79766DLY3</cusip>
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          <isin value="US79766DLY30"/>
          <ticker value="SFOAPT"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DAVIE FLA</name>
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          <isin value="US23867PBU12"/>
          <ticker value="DAVEDU"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <cusip>6461364X6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST URBAN DEV CORP</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <cusip>6500358W1</cusip>
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        <name>LOS ANGELES CALIF DEPT ARPTS</name>
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        <name>GEORGIA ST</name>
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        <name>VIRGINIA ST PUB SCH AUTH</name>
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        <name>WYLIE TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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        <name>NEW YORK ST HSG FIN AGY</name>
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        <name>NEW YORK ST URBAN DEV CORP</name>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>MASSACHUSETTS ST</name>
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        <cusip>57582P5R7</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FAYETTE CNTY KY SCH DIST FIN CORP</name>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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        <name>MADISON ALA BRD ED</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-01</maturityDt>
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        <name>ILLINOIS ST TOLL HWY AUTH</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <cusip>452252PH6</cusip>
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        <balance>6000000</balance>
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        <name>SPARTANBURG CNTY S C SCH DIST NO 7</name>
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        <cusip>847082MH4</cusip>
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        <cusip>606907BG7</cusip>
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        <name>DELAWARE ST</name>
        <lei>N/A</lei>
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        <name>ST LOUIS MO</name>
        <lei>5493004O38W8EYGEZ656</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW MEXICO MUN ENERGY ACQUISITION AUTH</name>
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        <cusip>647207BB4</cusip>
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        <name>FAU FIN CORP FLA</name>
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        <name>METROPOLITAN ATLANTA RAPID TRAN AUTH GA</name>
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        <name>WASHINGTON ST</name>
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        <name>CHICAGO ILL O HARE INTL ARPT</name>
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        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <balance>2000000</balance>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>GEORGIA ST</name>
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        <name>KENTUCKY INC KY PUB ENERGY AUTH</name>
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        <name>SUSQUEHANNA TWP PA SCH DIST</name>
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        <name>WEST VIRGINIA UNIV</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PASADENA TEX INDPT SCH DIST</name>
        <lei>549300QY114RR4MXVU24</lei>
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        <cusip>702334BW2</cusip>
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          <isin value="US702334BW25"/>
          <ticker value="PASSCD"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-02-15</maturityDt>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>115117MB6</cusip>
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          <isin value="US115117MB66"/>
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        <balance>6950000</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>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
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        <cusip>59447TXJ7</cusip>
        <identifiers>
          <isin value="US59447TXJ77"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3404660</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BEXAR CNTY TEX</name>
        <lei>N/A</lei>
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        <cusip>088281L24</cusip>
        <identifiers>
          <isin value="US088281L245"/>
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        <balance>2250000</balance>
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        <curCd>USD</curCd>
        <valUSD>2580412.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TPK COMMN</name>
        <lei>N/A</lei>
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        <cusip>709224K24</cusip>
        <identifiers>
          <isin value="US709224K246"/>
          <ticker value="PASTRN"/>
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        <balance>11635000</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>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPOKANE CNTY WASH</name>
        <lei>N/A</lei>
        <title>SPOKANE CNTY WASH LTD TAX GO BDS 2019A</title>
        <cusip>8486443J7</cusip>
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          <isin value="US8486443J70"/>
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        <balance>2465000</balance>
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        <curCd>USD</curCd>
        <valUSD>3082334.6</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METROPOLITAN NASHVILLE ARPT AUTH TENN</name>
        <lei>549300IC0HNF8TDXEE63</lei>
        <title>METROPOLITAN NASHVILLE ARPT AUTH TENN SUB BDS 2019A</title>
        <cusip>592190NK4</cusip>
        <identifiers>
          <isin value="US592190NK49"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3122300</valUSD>
        <pctVal>0.1020331885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>WISCONSIN ST GO BDS 2019 B</title>
        <cusip>97705MPH2</cusip>
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          <isin value="US97705MPH24"/>
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        <balance>1125000</balance>
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        <curCd>USD</curCd>
        <valUSD>1312301.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>FRISCO TEX</name>
        <lei>N/A</lei>
        <title>FRISCO TEX GO REF AND IMPT BDS 2016</title>
        <cusip>358776LQ3</cusip>
        <identifiers>
          <isin value="US358776LQ35"/>
          <ticker value="FSC"/>
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        <balance>5755000</balance>
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        <valUSD>6958197.85</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
        <lei>N/A</lei>
        <title>BALTIMORE CNTY MD CONS PUB IMPT BDS 2012</title>
        <cusip>05914FMW7</cusip>
        <identifiers>
          <isin value="US05914FMW76"/>
          <ticker value="BAL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5113450</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2019 - D1</title>
        <cusip>64966QAV2</cusip>
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          <isin value="US64966QAV23"/>
          <ticker value="NYC"/>
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        <balance>10000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>OREGON ST DEPT ADMINISTRATIVE SVCS</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <cusip>68607VN84</cusip>
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          <isin value="US68607VN844"/>
          <ticker value="ORSGEN"/>
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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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          <couponKind>Fixed</couponKind>
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        <name>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH N Y &amp; N J CONSOLIDATED BDS TWO HUNDRED EIGHTEEN</title>
        <cusip>73358W3W2</cusip>
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          <isin value="US73358W3W24"/>
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        <balance>3705000</balance>
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        <valUSD>4193133.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON D C MET AREA TRAN AUTH</name>
        <lei>549300ADKOK76HQMJS30</lei>
        <title>WASHINGTON D C MET AREA TRAN AUTH GROSS REV TRAN BDS 2018</title>
        <cusip>938782GN3</cusip>
        <identifiers>
          <isin value="US938782GN36"/>
          <ticker value="DCTGEN"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3631050</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST DORM AUTH BDS 2019 C</title>
        <cusip>64990GVJ8</cusip>
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          <isin value="US64990GVJ83"/>
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        <balance>1000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>CHARLOTTE N C</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>CHARLOTTE N C REF BDS 2018</title>
        <cusip>161045NT2</cusip>
        <identifiers>
          <isin value="US161045NT25"/>
          <ticker value="CHAUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6374350</valUSD>
        <pctVal>0.2083064584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>MARYLAND ST BDS 2018</title>
        <cusip>574193QT8</cusip>
        <identifiers>
          <isin value="US574193QT83"/>
          <ticker value="MDS"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12746500</valUSD>
        <pctVal>0.4165410233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEFFERSON CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEXAS A &amp; M UNIV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORMAN OKLA REGL HOSP AUTH</name>
        <lei>N/A</lei>
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        <cusip>656178EK2</cusip>
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          <isin value="US656178EK23"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTHSIDE TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>66702RXM9</cusip>
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          <isin value="US66702RXM95"/>
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        <balance>1640000</balance>
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        <valUSD>2046982.4</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>CLARK CNTY WASH SCH DIST NO 114 EVERGREEN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TROY N Y CAP RESOURCE CORP</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NEW YORK N Y</name>
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          <ticker value="NYC"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <cusip>93974C4S6</cusip>
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          <ticker value="WAS"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PATRIOTS ENERGY GROUP FING AGY S C</name>
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          <ticker value="PEGUTL"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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          <ticker value="NYSWTR"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <ticker value="NYSHGR"/>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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          <ticker value="NYCGEN"/>
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        <name>KILLEEN TEX INDPT SCH DIST</name>
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          <ticker value="KLLSCD"/>
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        <name>BROWARD CNTY FLA SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>115067JB7</cusip>
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          <isin value="US115067JB79"/>
          <ticker value="BROSCD"/>
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        <balance>6180000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST URBAN DEV CORP</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <ticker value="NYSDEV"/>
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      <invstOrSec>
        <name>GWINNETT CNTY GA SCH DIST</name>
        <lei>N/A</lei>
        <title>GWINNETT CNTY GA SCH DIST GO BDS 2019</title>
        <cusip>403755V81</cusip>
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          <isin value="US403755V815"/>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH GEN PURP BDS 2019 A</title>
        <cusip>64990FKW3</cusip>
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          <ticker value="NYSHGR"/>
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        <balance>2000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>WISCONSIN ST GO BDS 2019 A</title>
        <cusip>97705MNK7</cusip>
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          <isin value="US97705MNK70"/>
          <ticker value="WIS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5919550</valUSD>
        <pctVal>0.1934441152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KATY TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>486063YS3</cusip>
        <identifiers>
          <isin value="US486063YS39"/>
          <ticker value="KATSCD"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1999740</valUSD>
        <pctVal>0.0653492132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.445000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN REF BDS 2019 A</title>
        <cusip>79766DLV9</cusip>
        <identifiers>
          <isin value="US79766DLV90"/>
          <ticker value="SFOAPT"/>
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        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4329045</valUSD>
        <pctVal>0.1414682332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>N/A</lei>
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        <cusip>64971XLL0</cusip>
        <identifiers>
          <isin value="US64971XLL00"/>
          <ticker value="NYCGEN"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11217900</valUSD>
        <pctVal>0.3665881258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARIN CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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        <cusip>56781RJB4</cusip>
        <identifiers>
          <isin value="US56781RJB42"/>
          <ticker value="MRNHGR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5569600</valUSD>
        <pctVal>0.1820081499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST URBAN DEV CORP</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV CORP ST PERS INCOME TAX REV BDS 2019 A</title>
        <cusip>6500357Z5</cusip>
        <identifiers>
          <isin value="US6500357Z58"/>
          <ticker value="NYSDEV"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3058850</valUSD>
        <pctVal>0.0999597151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 DIEGO CALIF ASSN GOVTS</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CALIF ASSN GOVTS GREEN BDS 2019 B</title>
        <cusip>797258AE0</cusip>
        <identifiers>
          <isin value="US797258AE04"/>
          <ticker value="SDGTRN"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3019080</valUSD>
        <pctVal>0.0986600771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.800000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA ST TPK AUTH</name>
        <lei>N/A</lei>
        <title>FLORIDA ST TPK AUTH TURNPIKE REV BDS 2006A</title>
        <cusip>343136YM3</cusip>
        <identifiers>
          <isin value="US343136YM31"/>
          <ticker value="FLSTRN"/>
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        <balance>6935000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6942905.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METRO ORE</name>
        <lei>N/A</lei>
        <title>METRO ORE REV BDS 2017</title>
        <cusip>59165CAS9</cusip>
        <identifiers>
          <isin value="US59165CAS98"/>
          <ticker value="MTRGEN"/>
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        <balance>2065000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2450597.45</valUSD>
        <pctVal>0.0800827183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIAMI CNTY OHIO</name>
        <lei>549300YAYSF4ZQH3JU54</lei>
        <title>MIAMI CNTY OHIO IMPT REF BDS 2019</title>
        <cusip>593328FJ1</cusip>
        <identifiers>
          <isin value="US593328FJ11"/>
          <ticker value="MIAMED"/>
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        <balance>1200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1448856</valUSD>
        <pctVal>0.0473469549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SECD SUB BDS 2019 A-1</title>
        <cusip>64971XFU7</cusip>
        <identifiers>
          <isin value="US64971XFU72"/>
          <ticker value="NYCGEN"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2435600</valUSD>
        <pctVal>0.0795926189</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
        <lei>549300RA28ZEFOB6M782</lei>
        <title>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN BDS SECOND SER 2019E</title>
        <cusip>79766DRX9</cusip>
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          <isin value="US79766DRX92"/>
          <ticker value="SFOAPT"/>
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        <balance>2355000</balance>
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        <curCd>USD</curCd>
        <valUSD>2877951.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN AMT REF BDS SECOND SER 2019H</title>
        <cusip>79766DSN0</cusip>
        <identifiers>
          <isin value="US79766DSN02"/>
          <ticker value="SFOAPT"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3801900</valUSD>
        <pctVal>0.1242417382</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COOK CNTY ILL</name>
        <lei>5493004UMR7OX4YITE10</lei>
        <title>COOK CNTY ILL BDS 2018</title>
        <cusip>213248BY2</cusip>
        <identifiers>
          <isin value="US213248BY26"/>
          <ticker value="COOGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6031150</valUSD>
        <pctVal>0.1970910754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARROLL CNTY KY</name>
        <lei>N/A</lei>
        <title>CARROLL CNTY KY REF BDS 2006 B</title>
        <cusip>14483RAS6</cusip>
        <identifiers>
          <isin value="US14483RAS67"/>
          <ticker value="CRRENV"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9993000</valUSD>
        <pctVal>0.3265597965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAWAII ST</name>
        <lei>N/A</lei>
        <title>HAWAII ST BDS 2018 A</title>
        <cusip>419794ZT2</cusip>
        <identifiers>
          <isin value="US419794ZT26"/>
          <ticker value="HISAPT"/>
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        <balance>1250000</balance>
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        <curCd>USD</curCd>
        <valUSD>1549387.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST DORM AUTH GEN PURP BDS 2018A</title>
        <cusip>64990FJG0</cusip>
        <identifiers>
          <isin value="US64990FJG00"/>
          <ticker value="NYSHGR"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505360</valUSD>
        <pctVal>0.0818722958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD</name>
        <lei>N/A</lei>
        <title>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD BDS 2019A-1</title>
        <cusip>162410EH3</cusip>
        <identifiers>
          <isin value="US162410EH33"/>
          <ticker value="CHAMED"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1105630</valUSD>
        <pctVal>0.0361307223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEV FIN AUTH BDS 2019 A-2</title>
        <cusip>49126PGX2</cusip>
        <identifiers>
          <isin value="US49126PGX24"/>
          <ticker value="KYSDEV"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1167500</valUSD>
        <pctVal>0.0381525630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD</name>
        <lei>N/A</lei>
        <title>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD BDS 2019A-1</title>
        <cusip>162410EJ9</cusip>
        <identifiers>
          <isin value="US162410EJ98"/>
          <ticker value="CHAMED"/>
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        <balance>2250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2472075</valUSD>
        <pctVal>0.0807845801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SECD SUB BDS 2019 A-4</title>
        <cusip>64971XFY9</cusip>
        <identifiers>
          <isin value="US64971XFY94"/>
          <ticker value="NYCGEN"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10000000</valUSD>
        <pctVal>0.3267885484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEV FIN AUTH BDS 2019A-1</title>
        <cusip>49126PFZ8</cusip>
        <identifiers>
          <isin value="US49126PFZ80"/>
          <ticker value="KYSDEV"/>
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        <balance>550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664394.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>COLORADO HEALTH FACS AUTH</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO HEALTH FACS AUTH BDS 2019 A-2</title>
        <cusip>19648FKM5</cusip>
        <identifiers>
          <isin value="US19648FKM58"/>
          <ticker value="COSMED"/>
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        <balance>1060000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1280469.4</valUSD>
        <pctVal>0.0418442737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO HEALTH FACS AUTH BDS 2019 A-1</title>
        <cusip>19648FJU9</cusip>
        <identifiers>
          <isin value="US19648FJU93"/>
          <ticker value="COSMED"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1212540</valUSD>
        <pctVal>0.0396244187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO HEALTH FACS AUTH</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO HEALTH FACS AUTH BDS 2019 A-1</title>
        <cusip>19648FJV7</cusip>
        <identifiers>
          <isin value="US19648FJV76"/>
          <ticker value="COSMED"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3019975</valUSD>
        <pctVal>0.0986893247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD</name>
        <lei>N/A</lei>
        <title>CHATTANOOGA TENN HEALTH EDL &amp; HSG FAC BRD BDS 2019A-1</title>
        <cusip>162410EK6</cusip>
        <identifiers>
          <isin value="US162410EK61"/>
          <ticker value="CHAMED"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1094000</valUSD>
        <pctVal>0.0357506672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEV FIN AUTH BDS 2019A-1</title>
        <cusip>49126PFY1</cusip>
        <identifiers>
          <isin value="US49126PFY16"/>
          <ticker value="KYSDEV"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>909405</valUSD>
        <pctVal>0.0297183140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEV FIN AUTH BDS 2019A-1</title>
        <cusip>49126PGA2</cusip>
        <identifiers>
          <isin value="US49126PGA21"/>
          <ticker value="KYSDEV"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>902535</valUSD>
        <pctVal>0.0294938103</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y GO BDS FISCAL 2014 SUB D-3</title>
        <cusip>64966QEC0</cusip>
        <identifiers>
          <isin value="US64966QEC06"/>
          <ticker value="NYC"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5653950</valUSD>
        <pctVal>0.1847646113</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY REV BDS 2016 A</title>
        <cusip>57584XYD7</cusip>
        <identifiers>
          <isin value="US57584XYD73"/>
          <ticker value="MASDEV"/>
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        <balance>6500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9390615</valUSD>
        <pctVal>0.3068745445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>MISSISSIPPI DEV BK</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI DEV BK BDS 2019</title>
        <cusip>60534WH50</cusip>
        <identifiers>
          <isin value="US60534WH509"/>
          <ticker value="MSSDEV"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2189260</valUSD>
        <pctVal>0.0715425098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN ST LOUIS MO SWR DIST</name>
        <lei>N/A</lei>
        <title>METROPOLITAN ST LOUIS MO SWR DIST IMPT AND REF BDS 2017 A</title>
        <cusip>592481JX4</cusip>
        <identifiers>
          <isin value="US592481JX48"/>
          <ticker value="METUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6203300</valUSD>
        <pctVal>0.2027167403</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARLOTTE N C</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>CHARLOTTE N C REF BDS 2015</title>
        <cusip>161045MX4</cusip>
        <identifiers>
          <isin value="US161045MX46"/>
          <ticker value="CHAUTL"/>
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        <balance>6790000</balance>
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        <curCd>USD</curCd>
        <valUSD>7528616.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OHIO ST HIGHER EDL FAC COMMN</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>OHIO ST HIGHER EDL FAC COMMN BDS</title>
        <cusip>67756DSY3</cusip>
        <identifiers>
          <isin value="US67756DSY30"/>
          <ticker value="OHSEDU"/>
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        <balance>1365000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1711368.75</valUSD>
        <pctVal>0.0559255710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY RURAL WTR FIN CORP</name>
        <lei>N/A</lei>
        <title>KENTUCKY RURAL WTR FIN CORP CONSTR NTS E-2018-1</title>
        <cusip>49140M5E5</cusip>
        <identifiers>
          <isin value="US49140M5E51"/>
          <ticker value="KYSWTR"/>
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        <balance>900000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>900441</valUSD>
        <pctVal>0.0294253807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BALTIMORE CNTY MD</name>
        <lei>N/A</lei>
        <title>BALTIMORE CNTY MD GO MET DIST BDS</title>
        <cusip>05914FX39</cusip>
        <identifiers>
          <isin value="US05914FX396"/>
          <ticker value="BAL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2855725</valUSD>
        <pctVal>0.0933218227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GEORGIA ST</name>
        <lei>N/A</lei>
        <title>GEORGIA ST GO BDS 2018A</title>
        <cusip>373385CP6</cusip>
        <identifiers>
          <isin value="US373385CP62"/>
          <ticker value="GAS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6395650</valUSD>
        <pctVal>0.2090025180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHEAST OHIO REGL SWR DIST</name>
        <lei>N/A</lei>
        <title>NORTHEAST OHIO REGL SWR DIST IMPT REF BDS 2019</title>
        <cusip>663903HV7</cusip>
        <identifiers>
          <isin value="US663903HV74"/>
          <ticker value="NEOUTL"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10372000</valUSD>
        <pctVal>0.3389450824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OREGON ST</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>OREGON ST GO BDS 2017</title>
        <cusip>68609BW78</cusip>
        <identifiers>
          <isin value="US68609BW785"/>
          <ticker value="ORS"/>
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        <balance>2745000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3410909.55</valUSD>
        <pctVal>0.1114646181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN ANTONIO TEX</name>
        <lei>N/A</lei>
        <title>SAN ANTONIO TEX SYS REF BDS 2019</title>
        <cusip>79625GBH5</cusip>
        <identifiers>
          <isin value="US79625GBH56"/>
          <ticker value="SANUTL"/>
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        <balance>1070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1277558.6</valUSD>
        <pctVal>0.0417491520</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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>MARYLAND ST GO BDS SECOND SER 2019 A</title>
        <cusip>574193RU4</cusip>
        <identifiers>
          <isin value="US574193RU48"/>
          <ticker value="MDS"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12988100</valUSD>
        <pctVal>0.4244362346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>NEW YORK N Y CITY HSG DEV CORP MULTI FAM HSG REV BDS</title>
        <cusip>64972BS97</cusip>
        <identifiers>
          <isin value="US64972BS979"/>
          <ticker value="NYCHSG"/>
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        <balance>4060000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4279808.4</valUSD>
        <pctVal>0.1398592375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARVADA COLO</name>
        <lei>N/A</lei>
        <title>ARVADA COLO BDS 2019</title>
        <cusip>043229ES8</cusip>
        <identifiers>
          <isin value="US043229ES82"/>
          <ticker value="ARVGEN"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3826140</valUSD>
        <pctVal>0.1250338737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300R2AMOORDIO5N77</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY REF BDS 2019</title>
        <cusip>57584YRS0</cusip>
        <identifiers>
          <isin value="US57584YRS09"/>
          <ticker value="MASDEV"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>624890</valUSD>
        <pctVal>0.0204206896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLARK CNTY NEV ARPT DEPT OF AVIATION</name>
        <lei>N/A</lei>
        <title>CLARK CNTY NEV ARPT DEPT OF AVIATION REF BDS 2014</title>
        <cusip>18085PQJ6</cusip>
        <identifiers>
          <isin value="US18085PQJ65"/>
          <ticker value="CLAAPT"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2738525</valUSD>
        <pctVal>0.0894918610</pctVal>
        <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>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAYS TEX CONS INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>HAYS TEX CONS INDPT SCH DIST VARIABLE RATE ULTD TAX SCH BLDG BDS 2018 B</title>
        <cusip>4211104F1</cusip>
        <identifiers>
          <isin value="US4211104F13"/>
          <ticker value="HAYSCD"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10350600</valUSD>
        <pctVal>0.3382457549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.700000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>MARYLAND ST GO BDS SECOND SER 2019 A</title>
        <cusip>574193RT7</cusip>
        <identifiers>
          <isin value="US574193RT74"/>
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        <balance>5455000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7115174.7</valUSD>
        <pctVal>0.2325157612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST GO VAR PURP BDS</title>
        <cusip>13063DHP6</cusip>
        <identifiers>
          <isin value="US13063DHP69"/>
          <ticker value="CAS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6377850</valUSD>
        <pctVal>0.2084208344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SECURED SUBORDINATE BDS C-3</title>
        <cusip>64971XDQ8</cusip>
        <identifiers>
          <isin value="US64971XDQ88"/>
          <ticker value="NYCGEN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6048800</valUSD>
        <pctVal>0.1976678572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST GO ST VAR PURP BDS 2018 A</title>
        <cusip>60412APN7</cusip>
        <identifiers>
          <isin value="US60412APN71"/>
          <ticker value="MNS"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1869075</valUSD>
        <pctVal>0.0610792306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST VARIOUS PURP GO REF BDS</title>
        <cusip>13063DLM8</cusip>
        <identifiers>
          <isin value="US13063DLM82"/>
          <ticker value="CAS"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>MECKLENBURG CNTY N C</name>
        <lei>5493006G3IC5PBHB7A65</lei>
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        <cusip>584002XA2</cusip>
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          <ticker value="MEC"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ST JOHN BAPTIST PARISH LA</name>
        <lei>N/A</lei>
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        <cusip>79020FAY2</cusip>
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          <ticker value="SJBCTF"/>
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        <curCd>USD</curCd>
        <valUSD>1008620</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.200000000000</annualizedRt>
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      <invstOrSec>
        <name>DALLAS TEX AREA RAPID TRAN</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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        <cusip>235241TF3</cusip>
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          <ticker value="DALTRN"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13000800</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLD SPANISH TRAIL/ALEMDA CORRIDORS REDEV AUTH REV TEX</name>
        <lei>N/A</lei>
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        <cusip>68029NBY8</cusip>
        <identifiers>
          <isin value="US68029NBY85"/>
          <ticker value="OLSDEV"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD</name>
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          <isin value="US592041YN10"/>
          <ticker value="METHGR"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>ILLINOIS ST TOLL HWY AUTH</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <cusip>452252LR8</cusip>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY INC KY PUB ENERGY AUTH</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY INC KY PUB ENERGY AUTH BDS 2018 B</title>
        <cusip>74440DBD5</cusip>
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          <ticker value="KYSPWR"/>
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        <balance>21000000</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>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERSON LA SALES TAX DIST</name>
        <lei>N/A</lei>
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        <cusip>474176LG7</cusip>
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          <isin value="US474176LG79"/>
          <ticker value="JEFGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5694550</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PINAL CNTY ARIZ</name>
        <lei>N/A</lei>
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        <cusip>72205REM0</cusip>
        <identifiers>
          <isin value="US72205REM07"/>
          <ticker value="PINREV"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1134560</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ANCHORAGE ALASKA</name>
        <lei>N/A</lei>
        <title>ANCHORAGE ALASKA MUNICIPALITY GO GEN PURP REF BDS 2019 B</title>
        <cusip>033162BF4</cusip>
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          <isin value="US033162BF49"/>
          <ticker value="ANC"/>
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        <balance>3440000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLORADO ST</name>
        <lei>N/A</lei>
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        <cusip>196711RL1</cusip>
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          <isin value="US196711RL10"/>
          <ticker value="COSCTF"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11409100</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>2036-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP</name>
        <lei>N/A</lei>
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        <cusip>71883PKN6</cusip>
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          <isin value="US71883PKN68"/>
          <ticker value="PHOUTL"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <name>PORT SEATTLE WASH</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <cusip>735389RK6</cusip>
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          <isin value="US735389RK66"/>
          <ticker value="PTSGEN"/>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>UNIVERSITY MASS BLDG AUTH</name>
        <lei>6ILE2573NPR1XO2TR556</lei>
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        <cusip>914440MJ8</cusip>
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          <ticker value="UMAFAC"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEXAS WATER DEV BRD</name>
        <lei>N/A</lei>
        <title>TEXAS WATER DEV BRD REV BDS 2018 B</title>
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          <ticker value="TXSWTR"/>
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        <valUSD>11261000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST VAR PURP GO REF BDS</title>
        <cusip>13063DQK7</cusip>
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          <isin value="US13063DQK71"/>
          <ticker value="CAS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6361350</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA PORT FACS REF REV BDS 2011</title>
        <cusip>11506KDQ1</cusip>
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        <curCd>USD</curCd>
        <valUSD>350156.4</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <cusip>59261AA80</cusip>
        <identifiers>
          <isin value="US59261AA800"/>
          <ticker value="MTATRN"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3714120</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDG3</cusip>
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          <isin value="US11506KDG31"/>
          <ticker value="BROTRN"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDP3</cusip>
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          <isin value="US11506KDP30"/>
          <ticker value="BROTRN"/>
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        <balance>330000</balance>
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        <curCd>USD</curCd>
        <valUSD>350156.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>DENVER COLO CITY &amp; CNTY SCH DIST NO 1 CTFS 2018 B</title>
        <cusip>24919PME1</cusip>
        <identifiers>
          <isin value="US24919PME15"/>
          <ticker value="DENEDU"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5221400</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712DT97</cusip>
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          <isin value="US97712DT974"/>
          <ticker value="WISMED"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5559300</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>2039-04-01</maturityDt>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDU2</cusip>
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          <isin value="US11506KDU25"/>
          <ticker value="BROTRN"/>
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        <curCd>USD</curCd>
        <valUSD>883588.65</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA ST UNIV</name>
        <lei>N/A</lei>
        <title>ARIZONA ST UNIV SYSTEM BDS 2019A</title>
        <cusip>0406636N1</cusip>
        <identifiers>
          <isin value="US0406636N10"/>
          <ticker value="AZSHGR"/>
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        <balance>10995000</balance>
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        <curCd>USD</curCd>
        <valUSD>13745949</valUSD>
        <pctVal>0.4492018721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDM0</cusip>
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          <isin value="US11506KDM09"/>
          <ticker value="BROTRN"/>
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        <balance>1665000</balance>
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        <curCd>USD</curCd>
        <valUSD>1763051.85</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>GOOSE CREEK TEX CONS INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>GOOSE CREEK TEX CONS INDPT SCH DIST VARIABLE RATE UNLTD TAX BLDG BDS 2019 B</title>
        <cusip>382604V29</cusip>
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          <isin value="US382604V299"/>
          <ticker value="GOOSCD"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3544170</valUSD>
        <pctVal>0.1158194170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEXAS WATER DEV BRD</name>
        <lei>N/A</lei>
        <title>TEXAS WATER DEV BRD TAXABLE ST IMPLEMENTATION REV FD BDS 2019B</title>
        <cusip>8828542H4</cusip>
        <identifiers>
          <isin value="US8828542H42"/>
          <ticker value="TXSWTR"/>
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        <balance>295000</balance>
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        <curCd>USD</curCd>
        <valUSD>291542.6</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>2028-10-15</maturityDt>
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        <name>TRI-CNTY MET TRANSN DIST ORE</name>
        <lei>N/A</lei>
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        <cusip>89546RRU0</cusip>
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          <isin value="US89546RRU04"/>
          <ticker value="TCYTRN"/>
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        <name>CHARLOTTE N C</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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        <cusip>161036KQ0</cusip>
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          <isin value="US161036KQ06"/>
          <ticker value="CHAAPT"/>
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        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSN TR FD AUTH PROG BDS 2019 BB</title>
        <cusip>6461365N7</cusip>
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          <isin value="US6461365N73"/>
          <ticker value="NJSTRN"/>
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      <invstOrSec>
        <name>UNIVERSITY TEX</name>
        <lei>N/A</lei>
        <title>UNIVERSITY TEX REF FIN SYS REF BDS 2016 I</title>
        <cusip>91514AGC3</cusip>
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          <isin value="US91514AGC36"/>
          <ticker value="UNIHGR"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>TEXAS WATER DEV BRD</name>
        <lei>N/A</lei>
        <title>TEXAS WATER DEV BRD TAXABLE ST IMPLEMENTATION REV FD BDS 2019B</title>
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          <isin value="US8828542G68"/>
          <ticker value="TXSWTR"/>
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        <balance>315000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DALLAS CNTY TEX HOSP DIST</name>
        <lei>UQCNU7AEWLMSSOK7VW91</lei>
        <title>DALLAS CNTY TEX HOSP DIST LTD TAX REF BDS 2019</title>
        <cusip>234667KF9</cusip>
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          <ticker value="DALMED"/>
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        <curCd>USD</curCd>
        <valUSD>5114750</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEORGIA ST</name>
        <lei>N/A</lei>
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        <cusip>373385CQ4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARYLAND ST DEPT TRANSN</name>
        <lei>N/A</lei>
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        <cusip>574204L76</cusip>
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          <isin value="US574204L768"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASSACHUSETTS DEPT TRANSN</name>
        <lei>549300CGDCL8XZK3KN03</lei>
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        <cusip>57563CEN8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>455057ZA0</cusip>
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          <ticker value="INSFIN"/>
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        <balance>20540000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>ANAHEIM CALIF PUB FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>03255LHP7</cusip>
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          <isin value="US03255LHP76"/>
          <ticker value="ANAGEN"/>
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        <balance>1750000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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        <name>LOS ANGELES CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>5446464X7</cusip>
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          <isin value="US5446464X73"/>
          <ticker value="LOSSCD"/>
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        <balance>2950000</balance>
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        <curCd>USD</curCd>
        <valUSD>2954218.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300IZ71UAMEHWL382</lei>
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        <cusip>64990GVF6</cusip>
        <identifiers>
          <isin value="US64990GVF61"/>
          <ticker value="NYSHGR"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2311140</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>SALT RIV PROJ ARIZ AGRIC IMPT &amp; PWR DIST</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
        <title>SALT RIV PROJ ARIZ AGRIC IMPT &amp; PWR DIST REV BDS 2015A</title>
        <cusip>79574CAS2</cusip>
        <identifiers>
          <isin value="US79574CAS26"/>
          <ticker value="SALAGR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5859850</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REV BDS 2015 E</title>
        <cusip>64990EY84</cusip>
        <identifiers>
          <isin value="US64990EY841"/>
          <ticker value="NYSHGR"/>
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        <balance>15000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15624600</valUSD>
        <pctVal>0.5105940354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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      <invstOrSec>
        <name>FAIRFAX CNTY VA</name>
        <lei>549300IJI189UIQW0294</lei>
        <title>FAIRFAX CNTY VA PUB IMPT BDS 2019 A</title>
        <cusip>30382AHE5</cusip>
        <identifiers>
          <isin value="US30382AHE55"/>
          <ticker value="FAI"/>
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        <balance>5280000</balance>
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        <curCd>USD</curCd>
        <valUSD>6834854.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>HAMILTON CNTY OHIO</name>
        <lei>549300TO1E3N4E4YIO28</lei>
        <title>HAMILTON CNTY OHIO BDS 2019 CC</title>
        <cusip>407272W25</cusip>
        <identifiers>
          <isin value="US407272W252"/>
          <ticker value="HAMMED"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7241450</valUSD>
        <pctVal>0.2366422934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>MARYLAND ST</name>
        <lei>N/A</lei>
        <title>MARYLAND ST GO ST AND LOC FAC LN TAX EXEMPT BDS 2019 FIRST SERIES</title>
        <cusip>574193RH3</cusip>
        <identifiers>
          <isin value="US574193RH37"/>
          <ticker value="MDS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6426650</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>WASHINGTON SUBN SAN DIST MD</name>
        <lei>N/A</lei>
        <title>WASHINGTON SUBN SAN DIST MD CONS PUB IMPT BDS 2016</title>
        <cusip>940157M23</cusip>
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          <isin value="US940157M235"/>
          <ticker value="WASUTL"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5958800</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>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>KING CNTY WAS SCH DIST NO 401 HIGHLINE</name>
        <lei>N/A</lei>
        <title>KING CNTY WAS SCH DIST NO 401 HIGHLINE ULTD TAX GO BDS 2017</title>
        <cusip>495033EK4</cusip>
        <identifiers>
          <isin value="US495033EK47"/>
          <ticker value="KINSCD"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12201100</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HAMILTON CNTY OHIO</name>
        <lei>N/A</lei>
        <title>HAMILTON CNTY OHIO BDS 2019 CC</title>
        <cusip>407272V91</cusip>
        <identifiers>
          <isin value="US407272V916"/>
          <ticker value="HAMMED"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5580680</valUSD>
        <pctVal>0.1823702317</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>OREGON ST</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>OREGON ST GO REF BDS 2019 N</title>
        <cusip>68609TQU5</cusip>
        <identifiers>
          <isin value="US68609TQU50"/>
          <ticker value="ORS"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2577620</valUSD>
        <pctVal>0.0842336698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARICOPA CNTY ARIZ SPL HEALTH CARE DIST</name>
        <lei>N/A</lei>
        <title>MARICOPA CNTY ARIZ SPL HEALTH CARE DIST GO BDS 2018 C</title>
        <cusip>56756TAU8</cusip>
        <identifiers>
          <isin value="US56756TAU88"/>
          <ticker value="MARMED"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2779850</valUSD>
        <pctVal>0.0908423146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SALT LAKE CITY UTAH</name>
        <lei>549300CRGKV67DRSGT85</lei>
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        <cusip>795576GY7</cusip>
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          <isin value="US795576GY78"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FORT BEND TEX INDPT SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>346843PY5</cusip>
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          <isin value="US346843PY50"/>
          <ticker value="FORSCD"/>
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        <balance>2500000</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>2049-08-01</maturityDt>
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      <invstOrSec>
        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH</name>
        <lei>5493004WIZ1HV87IVF85</lei>
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        <cusip>54628CAJ1</cusip>
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          <isin value="US54628CAJ18"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
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        <cusip>650010CM1</cusip>
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          <isin value="US650010CM10"/>
          <ticker value="NYSTRN"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4503360</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST VAR PURP GO REF BDS R-2018C</title>
        <cusip>93974DX52</cusip>
        <identifiers>
          <isin value="US93974DX521"/>
          <ticker value="WAS"/>
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        <balance>6430000</balance>
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        <curCd>USD</curCd>
        <valUSD>7897261.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CLACKAMAS ORE CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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        <cusip>179390PF0</cusip>
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          <isin value="US179390PF06"/>
          <ticker value="CLAHGR"/>
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        <balance>1600000</balance>
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        <curCd>USD</curCd>
        <valUSD>1948752</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>TEXAS ST GO MOBILITY FUND REF BDS 2014</title>
        <cusip>882723NG0</cusip>
        <identifiers>
          <isin value="US882723NG04"/>
          <ticker value="TXS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5465900</valUSD>
        <pctVal>0.1786193527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HENNEPIN CNTY MINN</name>
        <lei>549300YP457DT0GA0119</lei>
        <title>HENNEPIN CNTY MINN VAR RATE BDS 2018B</title>
        <cusip>425507GX2</cusip>
        <identifiers>
          <isin value="US425507GX28"/>
          <ticker value="HEN"/>
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        <balance>9575000</balance>
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        <curCd>USD</curCd>
        <valUSD>9575000</valUSD>
        <pctVal>0.3129000351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.600000000000</annualizedRt>
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      <invstOrSec>
        <name>OMAHA PUB PWR DIST NEB</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA PUB PWR DIST NEB SYS BDS 2019 A</title>
        <cusip>682001GQ9</cusip>
        <identifiers>
          <isin value="US682001GQ99"/>
          <ticker value="OMAPWR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6431700</valUSD>
        <pctVal>0.2101805907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF CMNTY COLLEGE DIST</name>
        <lei>N/A</lei>
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        <cusip>799038NA8</cusip>
        <identifiers>
          <isin value="US799038NA89"/>
          <ticker value="SMTHGR"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3707220</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ALBANY CNTY N Y</name>
        <lei>549300GBQON0LOLHN826</lei>
        <title>ALBANY CNTY N Y VAR PURP BDS 2019 A</title>
        <cusip>01212PBZ8</cusip>
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          <isin value="US01212PBZ80"/>
          <ticker value="ALB"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1470090</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>FLORIDA ST MUN PWR AGY</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>FLORIDA ST MUN PWR AGY REF BDS 2019 A</title>
        <cusip>342816R31</cusip>
        <identifiers>
          <isin value="US342816R312"/>
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        <balance>2915000</balance>
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        <curCd>USD</curCd>
        <valUSD>3834915.7</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>ARIZONA BRD REGENTS ARIZ ST UNIV</name>
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        <title>ARIZONA BRD REGENTS ARIZ ST UNIV REV BDS 2016 B</title>
        <cusip>04048RQN9</cusip>
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          <isin value="US04048RQN97"/>
          <ticker value="AZSHGR"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>ADAMS CNTY COLO SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>ADAMS CNTY COLO SCH DIST NO 1 GO BDS 2017</title>
        <cusip>005626TB2</cusip>
        <identifiers>
          <isin value="US005626TB25"/>
          <ticker value="ADASCD"/>
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        <balance>4775000</balance>
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        <curCd>USD</curCd>
        <valUSD>5768056.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HEALTH &amp; EDL FACS AUTH BDS 2018</title>
        <cusip>97712DT71</cusip>
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          <isin value="US97712DT719"/>
          <ticker value="WISMED"/>
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        <balance>3875000</balance>
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        <valUSD>4745441.25</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CENTRAL TEX REGL MOBILITY AUTH</name>
        <lei>N/A</lei>
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        <cusip>155498ER5</cusip>
        <identifiers>
          <isin value="US155498ER55"/>
          <ticker value="CTXGEN"/>
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        <balance>500000</balance>
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        <curCd>USD</curCd>
        <valUSD>574695</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>6OUMQ3XRVV6QKG3QYX23</lei>
        <title>MISSOURI ST HEALTH &amp; EDL FACS AUTH BDS 2018A</title>
        <cusip>60637ANC2</cusip>
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          <isin value="US60637ANC26"/>
          <ticker value="MOSMED"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3152775</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA ST</name>
        <lei>N/A</lei>
        <title>FLORIDA ST REF BDS 2012 B</title>
        <cusip>341150R28</cusip>
        <identifiers>
          <isin value="US341150R283"/>
          <ticker value="FLS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5134650</valUSD>
        <pctVal>0.1677944820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADAMS CNTY COLO SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>ADAMS CNTY COLO SCH DIST NO 1 GO BDS 2017</title>
        <cusip>005626SY3</cusip>
        <identifiers>
          <isin value="US005626SY37"/>
          <ticker value="ADASCD"/>
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        <balance>225000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279357.75</valUSD>
        <pctVal>0.0091290914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</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>LINCOLN MASS</name>
        <lei>N/A</lei>
        <title>LINCOLN MASS GO SCH BDS</title>
        <cusip>533849PP4</cusip>
        <identifiers>
          <isin value="US533849PP41"/>
          <ticker value="LIN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2128820</valUSD>
        <pctVal>0.0695673998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REV BDS 2017 A</title>
        <cusip>64990AGS8</cusip>
        <identifiers>
          <isin value="US64990AGS87"/>
          <ticker value="NYSHGR"/>
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        <balance>3755000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4471040.95</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT ARPTS</name>
        <lei>N/A</lei>
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        <cusip>544445HM4</cusip>
        <identifiers>
          <isin value="US544445HM49"/>
          <ticker value="LOSAPT"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3823830</valUSD>
        <pctVal>0.1249583855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PEMBROKE PINES FLA</name>
        <lei>549300SN43D5ZR09V008</lei>
        <title>PEMBROKE PINES FLA BDS 2019A</title>
        <cusip>70643QGT9</cusip>
        <identifiers>
          <isin value="US70643QGT94"/>
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        <balance>4990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6329864.9</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA AMT BDS 2019 A</title>
        <cusip>114894YF9</cusip>
        <identifiers>
          <isin value="US114894YF94"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2519060</valUSD>
        <pctVal>0.0823199961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOSTON MASS WTR &amp; SWR COMMN</name>
        <lei>N/A</lei>
        <title>BOSTON MASS WTR &amp; SWR COMMN GEN REV AND REF BDS 2012A</title>
        <cusip>101029RW8</cusip>
        <identifiers>
          <isin value="US101029RW89"/>
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        <balance>4030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4219530.9</valUSD>
        <pctVal>0.1378894378</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>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH LOC GOVT PROG BDS 2019</title>
        <cusip>45204E4F2</cusip>
        <identifiers>
          <isin value="US45204E4F23"/>
          <ticker value="ILSGEN"/>
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        <balance>6035000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7004039.95</valUSD>
        <pctVal>0.2288840048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH FING AUTH PA BDS 2019 A</title>
        <cusip>20281PKW1</cusip>
        <identifiers>
          <isin value="US20281PKW13"/>
          <ticker value="CMNGEN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2130620</valUSD>
        <pctVal>0.0696262217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.807000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA AMT BDS 2019 A</title>
        <cusip>114894YS1</cusip>
        <identifiers>
          <isin value="US114894YS16"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1813875</valUSD>
        <pctVal>0.0592753578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH BDS 2019A</title>
        <cusip>452017AR7</cusip>
        <identifiers>
          <isin value="US452017AR78"/>
          <ticker value="ILSFAC"/>
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        <balance>1030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1238626.5</valUSD>
        <pctVal>0.0404768956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARLOTTE-MECKLENBERG HOSP AUTH N C</name>
        <lei>549300XOH4JU704GMZ32</lei>
        <title>CHARLOTTE-MECKLENBERG HOSP AUTH N C REF BDS 2018 A</title>
        <cusip>160853UE5</cusip>
        <identifiers>
          <isin value="US160853UE59"/>
          <ticker value="CHAMED"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6183850</valUSD>
        <pctVal>0.2020811365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>CENTRAL PLAINS ENERGY PROJ NEB</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
        <title>CENTRAL PLAINS ENERGY PROJ NEB REF BDS 2019</title>
        <cusip>154872AT2</cusip>
        <identifiers>
          <isin value="US154872AT23"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11189800</valUSD>
        <pctVal>0.3656698499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST HIGHER EDL FACS AUTH BDS 2019</title>
        <cusip>70917S6K4</cusip>
        <identifiers>
          <isin value="US70917S6K45"/>
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        <balance>4500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5809815</valUSD>
        <pctVal>0.1898581011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY BDS 2017 S-1</title>
        <cusip>57584X8L8</cusip>
        <identifiers>
          <isin value="US57584X8L88"/>
          <ticker value="MASDEV"/>
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        <balance>1625000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2044120</valUSD>
        <pctVal>0.0667995008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPARTANBURG CNTY S C SCH DIST NO 7</name>
        <lei>N/A</lei>
        <title>SPARTANBURG CNTY S C SCH DIST NO 7 GO BDS 2019 D</title>
        <cusip>847082LY8</cusip>
        <identifiers>
          <isin value="US847082LY85"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1259770</valUSD>
        <pctVal>0.0411678410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA</name>
        <lei>N/A</lei>
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        <cusip>25477GQA6</cusip>
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          <isin value="US25477GQA66"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11149000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEFA INC IOWA</name>
        <lei>N/A</lei>
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        <cusip>70556CAB0</cusip>
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          <isin value="US70556CAB00"/>
          <ticker value="PEFUTL"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11839000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHOE CNTY NEV SCH DIST</name>
        <lei>N/A</lei>
        <title>WASHOE CNTY NEV SCH DIST GO LTD TAX SCH IMPT BDS 2017 C</title>
        <cusip>940859BS9</cusip>
        <identifiers>
          <isin value="US940859BS97"/>
          <ticker value="WASSCD"/>
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        <balance>6500000</balance>
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        <curCd>USD</curCd>
        <valUSD>6702280</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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          <annualizedRt>3.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST HIGHER EDL FACS AUTH BDS 2019</title>
        <cusip>70917S6Y4</cusip>
        <identifiers>
          <isin value="US70917S6Y49"/>
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        <balance>3500000</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>
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          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARRIS CNTY TEX CULTURAL ED FACS FIN CORP</name>
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        <cusip>414009JC5</cusip>
        <identifiers>
          <isin value="US414009JC50"/>
          <ticker value="HAREDU"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>4139765</valUSD>
        <pctVal>0.1352827795</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REV BDS 2017 A</title>
        <cusip>64990FAF1</cusip>
        <identifiers>
          <isin value="US64990FAF18"/>
          <ticker value="NYSHGR"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1566270</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>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLARK CNTY NEV SCH DIST</name>
        <lei>N/A</lei>
        <title>CLARK CNTY NEV SCH DIST LTD TAX GO BLDG BDS 2018 B</title>
        <cusip>181059D86</cusip>
        <identifiers>
          <isin value="US181059D867"/>
          <ticker value="CLASCD"/>
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        <balance>6000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7452960</valUSD>
        <pctVal>0.2435541980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRAL FLA EXPWY AUTH</name>
        <lei>N/A</lei>
        <title>CENTRAL FLA EXPWY AUTH BDS 2019 A</title>
        <cusip>153476FA9</cusip>
        <identifiers>
          <isin value="US153476FA96"/>
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        <balance>2205000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2747165.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>N/A</lei>
        <title>TEXAS ST GO WTR FINL ASSISTANCE REF BDS 2019 E-1</title>
        <cusip>882724MR5</cusip>
        <identifiers>
          <isin value="US882724MR50"/>
          <ticker value="TXS"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4247880</valUSD>
        <pctVal>0.1388158539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>N/A</lei>
        <title>TEXAS ST GO WTR FINL ASSISTANCE REF BDS 2019 E-2</title>
        <cusip>882724MT1</cusip>
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          <isin value="US882724MT17"/>
          <ticker value="TXS"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2011000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.250000000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>TEXAS ST GO MOBILITY FUND REF BDS 2014</title>
        <cusip>882723NH8</cusip>
        <identifiers>
          <isin value="US882723NH86"/>
          <ticker value="TXS"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1717245</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH</name>
        <lei>N/A</lei>
        <title>OHIO ST WTR DEV AUTH FRESH BDS 2019</title>
        <cusip>67765QHB5</cusip>
        <identifiers>
          <isin value="US67765QHB59"/>
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        <balance>2705000</balance>
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        <curCd>USD</curCd>
        <valUSD>3509494.05</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TENNESSEE ST</name>
        <lei>N/A</lei>
        <title>TENNESSEE ST GO BDS 2019 A</title>
        <cusip>880541ZU4</cusip>
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          <isin value="US880541ZU48"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6224550</valUSD>
        <pctVal>0.2034111659</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HOWARD CNTY MD</name>
        <lei>N/A</lei>
        <title>HOWARD CNTY MD CONS PUB IMPT REF BDS 2017 D</title>
        <cusip>44256PKR3</cusip>
        <identifiers>
          <isin value="US44256PKR37"/>
          <ticker value="HOW"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12576900</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX ARIZ CIVIC IMPT CORP</name>
        <lei>N/A</lei>
        <title>PHOENIX ARIZ CIVIC IMPT CORP REV BDS 2005 B</title>
        <cusip>71884WBC4</cusip>
        <identifiers>
          <isin value="US71884WBC47"/>
          <ticker value="PHOGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7372950</valUSD>
        <pctVal>0.2409395628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EAST BATON ROUGE PARISH LA CAP IMPTS DIST</name>
        <lei>54930022HALD35F41410</lei>
        <title>EAST BATON ROUGE PARISH LA CAP IMPTS DIST BDS 2019</title>
        <cusip>270773AQ7</cusip>
        <identifiers>
          <isin value="US270773AQ79"/>
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        <balance>2180000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2527056</valUSD>
        <pctVal>0.0825812962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST VAR PURP GO BDS</title>
        <cusip>13063DSC3</cusip>
        <identifiers>
          <isin value="US13063DSC38"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12770600</valUSD>
        <pctVal>0.4173285837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
        <title>METROPOLITAN WASH D C ARPTS AUTH SYS REV REF BDS 2012</title>
        <cusip>5926463T8</cusip>
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          <ticker value="METAPT"/>
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        <balance>2510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2748726.1</valUSD>
        <pctVal>0.0898252212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TWY AUTH 2019 B</title>
        <cusip>650010CA7</cusip>
        <identifiers>
          <isin value="US650010CA71"/>
        </identifiers>
        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3407160</valUSD>
        <pctVal>0.1113420871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>WASHINGTON ST</name>
        <lei>N/A</lei>
        <title>WASHINGTON ST VAR PURP GO BDS 2012D</title>
        <cusip>93974CP61</cusip>
        <identifiers>
          <isin value="US93974CP610"/>
          <ticker value="WAS"/>
        </identifiers>
        <balance>1160000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1189568.4</valUSD>
        <pctVal>0.0388737331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN HSG &amp; ECONOMIC DEV AUTH</name>
        <lei>549300AT0SEG8YQT2K79</lei>
        <title>WISCONSIN HSG &amp; ECONOMIC DEV AUTH BDS 2019 A</title>
        <cusip>976904U42</cusip>
        <identifiers>
          <isin value="US976904U420"/>
        </identifiers>
        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4005600</valUSD>
        <pctVal>0.1308984210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.600000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
