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        <name>CARLSBAD CALIF UNI SCH DIST</name>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <name>YAVAPAI CNTY ARIZ INDL DEV AUTH</name>
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        <name>DOUGLAS CNTY NEB HOSP AUTH NO 2</name>
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        <name>NEW JERSEY ST TRANSN TR FD AUTH</name>
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        <name>MIAMI-DADE CNTY FLA</name>
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        <name>DOUGLAS CNTY NEB HOSP AUTH NO 2</name>
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        <name>FAYETTE CNTY KY SCH DIST FIN CORP</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MISSOURI ST ENVIRONMENTAL IMPT &amp; ENERGY RES AUTH</name>
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        <cusip>606907BG7</cusip>
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          <isin value="US606907BG74"/>
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        <fairValLevel>2</fairValLevel>
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        <name>OREGON HEALTH SCIENCES UNIV</name>
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        <cusip>685869ES4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST TOLL HWY AUTH</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <cusip>59259YFX2</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW MEXICO MUN ENERGY ACQUISITION AUTH</name>
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        <cusip>647207BB4</cusip>
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          <ticker value="NMSPWR"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <cusip>45204E4K1</cusip>
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        <balance>5745000</balance>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <cusip>64972GRX4</cusip>
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          <ticker value="NYCUTL"/>
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        <name>WASHINGTON ST</name>
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        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>ILLINOIS FIN AUTH</name>
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        <name>EL PASO CNTY COLO SCH DIST NO 12 CHEYENNE MTN</name>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5922650</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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          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO ILL O HARE INTL ARPT</name>
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        <cusip>167593JQ6</cusip>
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          <isin value="US167593JQ68"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2149680</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>2023-01-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BIRMINGHAM ALA</name>
        <lei>N/A</lei>
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        <cusip>09088RWE2</cusip>
        <identifiers>
          <isin value="US09088RWE25"/>
          <ticker value="BIR"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1115980</valUSD>
        <pctVal>0.0708292452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>45505MAS5</cusip>
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          <isin value="US45505MAS52"/>
          <ticker value="INSUTL"/>
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        <balance>3150000</balance>
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        <curCd>USD</curCd>
        <valUSD>3350245.5</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>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA HEALTH FACS AUTH</name>
        <lei>N/A</lei>
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        <cusip>040507LB9</cusip>
        <identifiers>
          <isin value="US040507LB99"/>
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        <balance>7655000</balance>
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        <curCd>USD</curCd>
        <valUSD>7655000</valUSD>
        <pctVal>0.4858490941</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>2029-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.530000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <cusip>64986AJJ1</cusip>
        <identifiers>
          <isin value="US64986AJJ16"/>
          <ticker value="NYSWTR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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        <pctVal>0.4539055475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST PORT AUTH</name>
        <lei>N/A</lei>
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        <cusip>575896PW9</cusip>
        <identifiers>
          <isin value="US575896PW94"/>
          <ticker value="MASTRN"/>
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        <balance>2725000</balance>
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        <curCd>USD</curCd>
        <valUSD>3167349.25</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>NEWPORT-MESA CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>652113XE6</cusip>
        <identifiers>
          <isin value="US652113XE66"/>
          <ticker value="NPTSCD"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>965120</valUSD>
        <pctVal>0.0612544321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</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>
        <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>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1133910</valUSD>
        <pctVal>0.0719672301</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>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>MASSACHUSETTS BAY TRANSN AUTH MASS</name>
        <lei>549300D2U0XBUXGX8P68</lei>
        <title>MASSACHUSETTS BAY TRANSN AUTH MASS SENIOR SALES TAX BDS 2008 B</title>
        <cusip>575579UK1</cusip>
        <identifiers>
          <isin value="US575579UK12"/>
          <ticker value="MASTRN"/>
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        <balance>1900000</balance>
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        <curCd>USD</curCd>
        <valUSD>2588940</valUSD>
        <pctVal>0.1643153695</pctVal>
        <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>5.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
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        <cusip>592643CV0</cusip>
        <identifiers>
          <isin value="US592643CV00"/>
          <ticker value="METAPT"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2414960</valUSD>
        <pctVal>0.1532731716</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>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOUISIANA ST</name>
        <lei>N/A</lei>
        <title>LOUISIANA ST REV REF BDS 2015</title>
        <cusip>546475RG1</cusip>
        <identifiers>
          <isin value="US546475RG19"/>
          <ticker value="LASGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5390950</valUSD>
        <pctVal>0.3421539091</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>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA REV REF BDS 2016</title>
        <cusip>59333PU30</cusip>
        <identifiers>
          <isin value="US59333PU308"/>
          <ticker value="MIATRN"/>
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        <balance>450000</balance>
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        <curCd>USD</curCd>
        <valUSD>530383.5</valUSD>
        <pctVal>0.0336624877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</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>
        <name>CLACKAMAS CNTY ORE SCH DIST NO 62 C OREGON</name>
        <lei>N/A</lei>
        <title>CLACKAMAS CNTY ORE SCH DIST NO 62 C OREGON GO REF BDS 2018 A</title>
        <cusip>179162GM8</cusip>
        <identifiers>
          <isin value="US179162GM87"/>
          <ticker value="CLASCD"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550880</valUSD>
        <pctVal>0.0349633637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>N/A</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TWY AUTH REV BDS J</title>
        <cusip>650009ZV8</cusip>
        <identifiers>
          <isin value="US650009ZV80"/>
          <ticker value="NYSTRN"/>
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        <balance>50000</balance>
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        <curCd>USD</curCd>
        <valUSD>57347.5</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>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO ST</name>
        <lei>N/A</lei>
        <title>COLORADO ST TAX AND REV ANTIC NTS 2019A</title>
        <cusip>19672MCG1</cusip>
        <identifiers>
          <isin value="US19672MCG15"/>
          <ticker value="COSEDU"/>
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        <balance>25000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25231000</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>2020-06-29</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</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>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>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10090400</valUSD>
        <pctVal>0.6404195557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-30</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>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>TEXAS ST TAX REV ANTIC NTS 2019</title>
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          <isin value="US882724PY74"/>
          <ticker value="TXS"/>
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        <curCd>USD</curCd>
        <valUSD>61527668</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
        <lei>N/A</lei>
        <title>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN SECOND SER REF BDS 2019D</title>
        <cusip>79766DMT3</cusip>
        <identifiers>
          <isin value="US79766DMT36"/>
          <ticker value="SFOAPT"/>
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        <balance>3300000</balance>
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        <curCd>USD</curCd>
        <valUSD>4180572</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>MINNESOTA ST</name>
        <lei>N/A</lei>
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        <cusip>604129UL8</cusip>
        <identifiers>
          <isin value="US604129UL89"/>
          <ticker value="MNS"/>
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        <curCd>USD</curCd>
        <valUSD>5080600</valUSD>
        <pctVal>0.3224565523</pctVal>
        <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>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>CLARK CNTY NEV SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>181059ZV1</cusip>
        <identifiers>
          <isin value="US181059ZV10"/>
          <ticker value="CLASCD"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2229820</valUSD>
        <pctVal>0.1415226685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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 GEN PURP BDS 2018A</title>
        <cusip>64990FJJ4</cusip>
        <identifiers>
          <isin value="US64990FJJ49"/>
          <ticker value="NYSHGR"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3346740</valUSD>
        <pctVal>0.2124115738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANKLIN CNTY OHIO</name>
        <lei>549300VCBUC1RZE7KL42</lei>
        <title>FRANKLIN CNTY OHIO BDS OH 2019 A</title>
        <cusip>353202FZ2</cusip>
        <identifiers>
          <isin value="US353202FZ29"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1651950</valUSD>
        <pctVal>0.1048462980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT WTR &amp; PWR</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <cusip>5444956C3</cusip>
        <identifiers>
          <isin value="US5444956C37"/>
          <ticker value="LOSUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6148650</valUSD>
        <pctVal>0.3902437665</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>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2064650</valUSD>
        <pctVal>0.1310396254</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISIANA ST</name>
        <lei>N/A</lei>
        <title>LOUISIANA ST REV REF BDS 2015</title>
        <cusip>546475RL0</cusip>
        <identifiers>
          <isin value="US546475RL04"/>
          <ticker value="LASGEN"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2766775</valUSD>
        <pctVal>0.1756022374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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      <invstOrSec>
        <name>COLORADO SCH MINES</name>
        <lei>N/A</lei>
        <title>COLORADO SCH MINES BREV BDS 2017 B</title>
        <cusip>19658QDG9</cusip>
        <identifiers>
          <isin value="US19658QDG91"/>
          <ticker value="COSFAC"/>
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        <balance>3400000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4062014</valUSD>
        <pctVal>0.2578087292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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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>79766DLY3</cusip>
        <identifiers>
          <isin value="US79766DLY30"/>
          <ticker value="SFOAPT"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3060950</valUSD>
        <pctVal>0.1942729960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>DAVIE FLA</name>
        <lei>N/A</lei>
        <title>DAVIE FLA REF BDS 2018</title>
        <cusip>23867PBU1</cusip>
        <identifiers>
          <isin value="US23867PBU12"/>
          <ticker value="DAVEDU"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2317180</valUSD>
        <pctVal>0.1470672507</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>
          <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>2095000</balance>
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        <curCd>USD</curCd>
        <valUSD>2142535.55</valUSD>
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        <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>
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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 AND REF BDS 2018 A</title>
        <cusip>592647FN6</cusip>
        <identifiers>
          <isin value="US592647FN60"/>
          <ticker value="METAPT"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4767880</valUSD>
        <pctVal>0.3026087758</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>METROPOLITAN WASH D C ARPTS AUTH</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
        <title>METROPOLITAN WASH D C ARPTS AUTH REF BDS 2019A</title>
        <cusip>592647GM7</cusip>
        <identifiers>
          <isin value="US592647GM78"/>
          <ticker value="METAPT"/>
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        <balance>1910000</balance>
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        <curCd>USD</curCd>
        <valUSD>2330677.5</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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      <invstOrSec>
        <name>MASSACHUSETTS ST TRANSN FD</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST TRANSN FD REV BDS 2013A</title>
        <cusip>57604TBW5</cusip>
        <identifiers>
          <isin value="US57604TBW53"/>
          <ticker value="MASTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5275850</valUSD>
        <pctVal>0.3348487189</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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IDAHO HEALTH FACS AUTH</name>
        <lei>549300X43KY1C2WW0J97</lei>
        <title>IDAHO HEALTH FACS AUTH BDS 2019 ID</title>
        <cusip>45129UCG7</cusip>
        <identifiers>
          <isin value="US45129UCG76"/>
          <ticker value="IDSMED"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2210940</valUSD>
        <pctVal>0.1403243888</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>
          <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>CLARK CNTY NEV SCH DIST</name>
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        <name>PORT AUTH N Y &amp; N J</name>
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        <name>INDIANAPOLIS IND LOC PUB IMPT BD BK</name>
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        <name>LYON CNTY KANS UNI SCH DIST NO 253 EMPORIA</name>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH</name>
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        <name>MADISON ALA BRD ED</name>
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        <name>SPARTANBURG CNTY S C SCH DIST NO 7</name>
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        <name>CALIFORNIA HSG FIN AGY</name>
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        <name>METROPOLITAN ST LOUIS MO SWR DIST</name>
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        <name>LIBERTY BENTON OHIO LOC SCH DIST</name>
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        <name>WEST VIRGINIA ST</name>
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      <invstOrSec>
        <name>DELAWARE CNTY PA REGL WTR QUALITY CTL AUTH</name>
        <lei>N/A</lei>
        <title>DELAWARE CNTY PA REGL WTR QUALITY CTL AUTH REV BDS 2015</title>
        <cusip>246045MJ4</cusip>
        <identifiers>
          <isin value="US246045MJ43"/>
          <ticker value="DELWTR"/>
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        <balance>820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>956316.8</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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          <maturityDt>2032-05-01</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>FORSYTH CNTY GA WTR &amp; SEW AUTH</name>
        <lei>N/A</lei>
        <title>FORSYTH CNTY GA WTR &amp; SEW AUTH REF IMPT BDS 2019</title>
        <cusip>346609KT6</cusip>
        <identifiers>
          <isin value="US346609KT64"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1526355</valUSD>
        <pctVal>0.0968750090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTH CAROLINA TPK AUTH</name>
        <lei>N/A</lei>
        <title>NORTH CAROLINA TPK AUTH SR LIEN BDS 2019</title>
        <cusip>65830RCT4</cusip>
        <identifiers>
          <isin value="US65830RCT41"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>604060</valUSD>
        <pctVal>0.0383386027</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>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>NORTH CAROLINA TPK AUTH</name>
        <lei>N/A</lei>
        <title>NORTH CAROLINA TPK AUTH SR LIEN BDS 2019</title>
        <cusip>65830RCU1</cusip>
        <identifiers>
          <isin value="US65830RCU14"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>549610</valUSD>
        <pctVal>0.0348827591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>
      <invstOrSec>
        <name>CALIFORNIA MUN FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH BDS 2018</title>
        <cusip>13049YBH3</cusip>
        <identifiers>
          <isin value="US13049YBH36"/>
          <ticker value="CASFIN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5976250</valUSD>
        <pctVal>0.3793018483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</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>CALIFORNIA MUN FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH BDS 2018</title>
        <cusip>13049YBK6</cusip>
        <identifiers>
          <isin value="US13049YBK64"/>
          <ticker value="CASFIN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2367940</valUSD>
        <pctVal>0.1502888967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</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>TROY N Y CAP RESOURCE CORP</name>
        <lei>N/A</lei>
        <title>TROY N Y CAP RESOURCE CORP REF BDS 2020A</title>
        <cusip>897579BY3</cusip>
        <identifiers>
          <isin value="US897579BY33"/>
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        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1384787.5</valUSD>
        <pctVal>0.0878899742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>RHODE ISLAND ST TPK &amp; BRDG AUTH</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST TPK &amp; BRDG AUTH BDS 2019 A</title>
        <cusip>762322BV6</cusip>
        <identifiers>
          <isin value="US762322BV65"/>
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        <balance>5265000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5824195.65</valUSD>
        <pctVal>0.3696512319</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>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>NORMAN OKLA REGL HOSP AUTH</name>
        <lei>N/A</lei>
        <title>NORMAN OKLA REGL HOSP AUTH BDS 2019</title>
        <cusip>656178EK2</cusip>
        <identifiers>
          <isin value="US656178EK23"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4309120</valUSD>
        <pctVal>0.2734921030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</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>ARAPAHOE CNTY COLO SCH DIST NO 6 LITTLETON</name>
        <lei>N/A</lei>
        <title>ARAPAHOE CNTY COLO SCH DIST NO 6 LITTLETON GO BDS 2019A</title>
        <cusip>038699UF9</cusip>
        <identifiers>
          <isin value="US038699UF96"/>
          <ticker value="ARASCD"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6350550</valUSD>
        <pctVal>0.4030579967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELMORE CNTY ALA BRD ED</name>
        <lei>N/A</lei>
        <title>ELMORE CNTY ALA BRD ED WTS 2019</title>
        <cusip>289770AU3</cusip>
        <identifiers>
          <isin value="US289770AU35"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1990880</valUSD>
        <pctVal>0.1263575760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</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>UNIVERSITY TEX</name>
        <lei>N/A</lei>
        <title>UNIVERSITY TEX FING SYS BDS 2019 B</title>
        <cusip>91514AJV8</cusip>
        <identifiers>
          <isin value="US91514AJV89"/>
          <ticker value="UNIHGR"/>
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        <balance>5500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8399270</valUSD>
        <pctVal>0.5330865736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT WTR &amp; PWR</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES CALIF DEPT WTR &amp; PWR PWR SYS BDS 2019A</title>
        <cusip>5444956S8</cusip>
        <identifiers>
          <isin value="US5444956S88"/>
          <ticker value="LOSUTL"/>
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        <balance>1200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1508256</valUSD>
        <pctVal>0.0957262980</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST BLDG AUTH REV REF BDS 2015 I</title>
        <cusip>594615BX3</cusip>
        <identifiers>
          <isin value="US594615BX33"/>
          <ticker value="MISFAC"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2332020</valUSD>
        <pctVal>0.1480091188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-15</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>
        <name>SOLANO CNTY CALIF CMNTY COLLEGE DIST</name>
        <lei>549300P3BIFQULH2R110</lei>
        <title>SOLANO CNTY CALIF CMNTY COLLEGE DIST GO BDS 2013 A</title>
        <cusip>83412PCA8</cusip>
        <identifiers>
          <isin value="US83412PCA84"/>
          <ticker value="SOLHGR"/>
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        <balance>3200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3357312</valUSD>
        <pctVal>0.2130825596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</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>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 FISCAL 2020A SUB A-3</title>
        <cusip>64971XLN6</cusip>
        <identifiers>
          <isin value="US64971XLN65"/>
          <ticker value="NYCGEN"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10128500</valUSD>
        <pctVal>0.6428376943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST DORM AUTH GEN PURP BDS 2019 D</title>
        <cusip>64990FPX6</cusip>
        <identifiers>
          <isin value="US64990FPX68"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4998700</valUSD>
        <pctVal>0.3172585064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-15</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>NORTHERN ARIZ UNIV</name>
        <lei>N/A</lei>
        <title>NORTHERN ARIZ UNIV REF SYS BDS 2020 B</title>
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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>
        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK ST DORM AUTH GEN PURP BDS 2019 D</title>
        <cusip>64990FPV0</cusip>
        <identifiers>
          <isin value="US64990FPV03"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5613550</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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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>64990FKS2</cusip>
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          <isin value="US64990FKS29"/>
          <ticker value="NYSHGR"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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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 GEN PURP BDS 2019 D</title>
        <cusip>64990FPW8</cusip>
        <identifiers>
          <isin value="US64990FPW85"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12345600</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>64990FJF2</cusip>
        <identifiers>
          <isin value="US64990FJF27"/>
          <ticker value="NYSHGR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6283700</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>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN ST</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>WISCONSIN ST GO BDS 2019 A</title>
        <cusip>97705MNK7</cusip>
        <identifiers>
          <isin value="US97705MNK70"/>
          <ticker value="WIS"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3551730</valUSD>
        <pctVal>0.2254219207</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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          <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>
        <identifiers>
          <isin value="US93974DFG88"/>
          <ticker value="WAS"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2266280</valUSD>
        <pctVal>0.1438367191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</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>
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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>73358WR89</cusip>
        <identifiers>
          <isin value="US73358WR895"/>
          <ticker value="PORTRN"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1245510</valUSD>
        <pctVal>0.0790502815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA REF REV BDS 2014</title>
        <cusip>59333PH43</cusip>
        <identifiers>
          <isin value="US59333PH438"/>
          <ticker value="MIATRN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2307660</valUSD>
        <pctVal>0.1464630334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</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>KENTUCKY INC KY PUB ENERGY AUTH</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY INC KY PUB ENERGY AUTH BDS 2019 C</title>
        <cusip>74440DCM4</cusip>
        <identifiers>
          <isin value="US74440DCM48"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5716800</valUSD>
        <pctVal>0.3628350230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</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>CALIFORNIA MUN FIN AUTH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA MUN FIN AUTH REV BDS 2018A</title>
        <cusip>13049UEY1</cusip>
        <identifiers>
          <isin value="US13049UEY10"/>
          <ticker value="CASFIN"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1808310</valUSD>
        <pctVal>0.1147701862</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>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>MASSACHUSETTS ST REF REV BDS SERIES 2005</title>
        <cusip>576002BP3</cusip>
        <identifiers>
          <isin value="US576002BP31"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3430550</valUSD>
        <pctVal>0.2177308439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</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>
        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST SCH BLDG AUTH SR SALES TAX BDS</title>
        <cusip>576000VA8</cusip>
        <identifiers>
          <isin value="US576000VA85"/>
          <ticker value="MASEDU"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1808760</valUSD>
        <pctVal>0.1147987469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN FIN AUTH REF BDS MI 2019 A</title>
        <cusip>59447TXJ7</cusip>
        <identifiers>
          <isin value="US59447TXJ77"/>
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        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3404660</valUSD>
        <pctVal>0.2160876521</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>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>
        <name>METROPOLITAN NASHVILLE ARPT AUTH TENN</name>
        <lei>549300IC0HNF8TDXEE63</lei>
        <title>METROPOLITAN NASHVILLE ARPT AUTH TENN AMT SUB BDS 2019 B</title>
        <cusip>592190PH9</cusip>
        <identifiers>
          <isin value="US592190PH91"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2204320</valUSD>
        <pctVal>0.1399042293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NEW YORK N Y GO BDS 2014 I-1</title>
        <cusip>64966LKS9</cusip>
        <identifiers>
          <isin value="US64966LKS96"/>
          <ticker value="NYC"/>
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        <balance>1510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1733993.4</valUSD>
        <pctVal>0.1100534451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</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>
      <invstOrSec>
        <name>KANSAS CITY MO</name>
        <lei>N/A</lei>
        <title>KANSAS CITY MO IMPT BDS 2018 A</title>
        <cusip>48507THL0</cusip>
        <identifiers>
          <isin value="US48507THL08"/>
          <ticker value="KANUTL"/>
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        <balance>1820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2029300</valUSD>
        <pctVal>0.1287960244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</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 UNIV</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST UNIV SYSTEMWIDE BDS 2019 A</title>
        <cusip>13077DGZ9</cusip>
        <identifiers>
          <isin value="US13077DGZ96"/>
          <ticker value="CASHGR"/>
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        <name>GWINNETT CNTY GA SCH DIST</name>
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        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
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      <invstOrSec>
        <name>FLORIDA ST TPK AUTH</name>
        <lei>N/A</lei>
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        <name>GREATER ORLANDO AVIATION AUTH ORLANDO FLA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <cusip>64971XFU7</cusip>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>N/A</lei>
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        <cusip>64990FJG0</cusip>
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          <isin value="US64990FJG00"/>
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          <maturityDt>2039-03-15</maturityDt>
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        <name>COLORADO HEALTH FACS AUTH</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <cusip>19648FKA1</cusip>
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          <ticker value="COSMED"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712D2C9</cusip>
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          <isin value="US97712D2C94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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      <invstOrSec>
        <name>FLORIDA ST</name>
        <lei>N/A</lei>
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          <isin value="US3411506H87"/>
          <ticker value="FLS"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
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        <cusip>49126PGX2</cusip>
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          <isin value="US49126PGX24"/>
          <ticker value="KYSDEV"/>
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        <curCd>USD</curCd>
        <valUSD>3502500</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY ECONOMIC DEV FIN AUTH</name>
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        <cusip>49126PGW4</cusip>
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          <isin value="US49126PGW41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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      <invstOrSec>
        <name>HAWAII ST</name>
        <lei>N/A</lei>
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        <cusip>419792YG5</cusip>
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          <isin value="US419792YG57"/>
          <ticker value="HIS"/>
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        <balance>3000000</balance>
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        <name>PENNSYLVANIA ST TPK COMMN</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <cusip>709224R92</cusip>
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          <isin value="US709224R928"/>
          <ticker value="PASTRN"/>
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        <name>CARROLL CNTY KY</name>
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          <ticker value="CRRENV"/>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <cusip>64971XLF3</cusip>
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          <isin value="US64971XLF32"/>
          <ticker value="NYCGEN"/>
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        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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      <invstOrSec>
        <name>UTAH TRANSIT AUTH</name>
        <lei>N/A</lei>
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          <isin value="US917567CR80"/>
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      <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>4500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4500000</valUSD>
        <pctVal>0.2856069136</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA.</name>
        <lei>N/A</lei>
        <title>COMMONWEALTH FING AUTH PA. BDS 2018</title>
        <cusip>20282EAS5</cusip>
        <identifiers>
          <isin value="US20282EAS54"/>
          <ticker value="CMNGEN"/>
        </identifiers>
        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5522050</valUSD>
        <pctVal>0.3504745905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>3245000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4025941.7</valUSD>
        <pctVal>0.2555192852</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>5.000000000000</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>MAIN STR NAT GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STR NAT GAS INC GA BDS 2019 A</title>
        <cusip>56035DBW1</cusip>
        <identifiers>
          <isin value="US56035DBW11"/>
          <ticker value="MAIUTL"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1362860</valUSD>
        <pctVal>0.0864982752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-15</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>LOS ANGELES CALIF DEPT WTR &amp; PWR</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES CALIF DEPT WTR &amp; PWR BDS 2018 A</title>
        <cusip>544525XD5</cusip>
        <identifiers>
          <isin value="US544525XD50"/>
          <ticker value="LOSUTL"/>
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        <balance>2070000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2552123.7</valUSD>
        <pctVal>0.1619787051</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>
          <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>UTILITY DEBT SECURITIZATION AUTH N Y</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT SECURITIZATION AUTH N Y RESTRUCTURING BDS 2017</title>
        <cusip>91802REK1</cusip>
        <identifiers>
          <isin value="US91802REK14"/>
          <ticker value="UTLUTL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3082200</valUSD>
        <pctVal>0.1956216953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</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>MAIN STR NAT GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STR NAT GAS INC GA BDS 2019 A</title>
        <cusip>56035DBV3</cusip>
        <identifiers>
          <isin value="US56035DBV38"/>
          <ticker value="MAIUTL"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>591550</valUSD>
        <pctVal>0.0375446155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-15</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>
        </securityLending>
      </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>794665FT1</cusip>
        <identifiers>
          <isin value="US794665FT14"/>
          <ticker value="SLS"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>584785</valUSD>
        <pctVal>0.0371152531</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTANA FAC FIN AUTH</name>
        <lei>N/A</lei>
        <title>MONTANA FAC FIN AUTH REF BDS 2019A</title>
        <cusip>61204KMY4</cusip>
        <identifiers>
          <isin value="US61204KMY46"/>
          <ticker value="MTSFIN"/>
        </identifiers>
        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1422025</valUSD>
        <pctVal>0.0902533714</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2855725</valUSD>
        <pctVal>0.1812477341</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORTON GROVE-NILES WTR COMMN ILL</name>
        <lei>N/A</lei>
        <title>MORTON GROVE-NILES WTR COMMN ILL GO WTR BDS 2018 A</title>
        <cusip>619305AA3</cusip>
        <identifiers>
          <isin value="US619305AA31"/>
          <ticker value="MGNWTR"/>
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        <balance>1635000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1934842.65</valUSD>
        <pctVal>0.1228009861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>PROVO CITY UTAH</name>
        <lei>N/A</lei>
        <title>PROVO CITY UTAH GO REF BDS 2017</title>
        <cusip>744142GY0</cusip>
        <identifiers>
          <isin value="US744142GY06"/>
          <ticker value="PRO"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>607850</valUSD>
        <pctVal>0.0385791472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY N C PUB FACS CORP</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY N C PUB FACS CORP BANS 2018</title>
        <cusip>613476AA8</cusip>
        <identifiers>
          <isin value="US613476AA86"/>
          <ticker value="MGMDEV"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2005420</valUSD>
        <pctVal>0.1272804037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NORFOLK VA</name>
        <lei>N/A</lei>
        <title>NORFOLK VA REF BDS 2012</title>
        <cusip>655867NB1</cusip>
        <identifiers>
          <isin value="US655867NB13"/>
          <ticker value="NOR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>553285</valUSD>
        <pctVal>0.0351160047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</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>
        </securityLending>
      </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 2012 AA</title>
        <cusip>64972F4R4</cusip>
        <identifiers>
          <isin value="US64972F4R40"/>
          <ticker value="NYCUTL"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10537600</valUSD>
        <pctVal>0.6688025361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
        <lei>549300R2AMOORDIO5N77</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY REF BDS 2019</title>
        <cusip>57584YRZ4</cusip>
        <identifiers>
          <isin value="US57584YRZ42"/>
          <ticker value="MASDEV"/>
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        <balance>445000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>540799.6</valUSD>
        <pctVal>0.0343235788</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>5.000000000000</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>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>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2784150</valUSD>
        <pctVal>0.1767049974</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISTRICT COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PARK CITY UTAH</name>
        <lei>N/A</lei>
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          <ticker value="PARTAX"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY</name>
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        <cusip>57584YSB6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>GEORGIA ST HSG &amp; FIN AUTH</name>
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        <cusip>37353PEB1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>SAN JOSE CALIF</name>
        <lei>N/A</lei>
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          <isin value="US798135D480"/>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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        <cusip>64971W5B2</cusip>
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          <isin value="US64971W5B28"/>
          <ticker value="NYCGEN"/>
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        <name>PORT AUTH N Y &amp; N J</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358WVB7</cusip>
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          <isin value="US73358WVB70"/>
          <ticker value="PORTRN"/>
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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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          <maturityDt>2044-10-15</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>LOS ANGELES CALIF DEPT WTR &amp; PWR</name>
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        <cusip>544495M35</cusip>
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          <isin value="US544495M353"/>
          <ticker value="LOSUTL"/>
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        <balance>1445000</balance>
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        <curCd>USD</curCd>
        <valUSD>1704724.3</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>2031-07-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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        <cusip>13063DFQ6</cusip>
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          <isin value="US13063DFQ60"/>
          <ticker value="CAS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6050300</valUSD>
        <pctVal>0.3840016687</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>2039-10-01</maturityDt>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>PINAL CNTY ARIZ</name>
        <lei>N/A</lei>
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        <cusip>72205REN8</cusip>
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          <isin value="US72205REN89"/>
          <ticker value="PINREV"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3039390</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>2044-08-01</maturityDt>
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        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KEP2</cusip>
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          <isin value="US11506KEP21"/>
          <ticker value="BROTRN"/>
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        <balance>5000000</balance>
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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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      <invstOrSec>
        <name>WEST VIRGINIA UNIV</name>
        <lei>N/A</lei>
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        <cusip>956704B41</cusip>
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          <isin value="US956704B410"/>
          <ticker value="WVSHGR"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2040-10-01</maturityDt>
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      <invstOrSec>
        <name>OHIO ST</name>
        <lei>N/A</lei>
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        <cusip>677522G24</cusip>
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          <isin value="US677522G249"/>
          <ticker value="OHS"/>
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        <balance>5780000</balance>
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        <valUSD>7060732.4</valUSD>
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        <name>ATLANTA GA ARPT PASSENGER FAC CHARGE REV</name>
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        <cusip>04780MVM8</cusip>
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          <isin value="US04780MVM80"/>
          <ticker value="ATLAPT"/>
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        <name>CLARK CNTY NEV ARPT DEPT OF AVIATION</name>
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        <cusip>18085PQL1</cusip>
        <identifiers>
          <isin value="US18085PQL12"/>
          <ticker value="CLAAPT"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
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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>PMA LEVY &amp; AID ANTIC NTS PROGRAM WIS</name>
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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>2020-10-23</maturityDt>
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          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <cusip>64972GHJ6</cusip>
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          <isin value="US64972GHJ67"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST SPL TAX OBLIG BDS 2015</title>
        <cusip>207758UG6</cusip>
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          <isin value="US207758UG60"/>
          <ticker value="CTSGEN"/>
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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>2034-08-01</maturityDt>
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      <invstOrSec>
        <name>COLORADO ST</name>
        <lei>N/A</lei>
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        <cusip>196711RP2</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <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>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2476080</valUSD>
        <pctVal>0.1571523481</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANKLIN PA REGL SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>354592WY9</cusip>
        <identifiers>
          <isin value="US354592WY90"/>
          <ticker value="FRASCD"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2206080</valUSD>
        <pctVal>0.1400159333</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>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDG3</cusip>
        <identifiers>
          <isin value="US11506KDG31"/>
          <ticker value="BROTRN"/>
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        <balance>825000</balance>
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        <curCd>USD</curCd>
        <valUSD>877098.75</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>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
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          <isin value="US24919PME15"/>
          <ticker value="DENEDU"/>
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        <balance>1805000</balance>
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        <curCd>USD</curCd>
        <valUSD>1884925.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>11506KDM0</cusip>
        <identifiers>
          <isin value="US11506KDM09"/>
          <ticker value="BROTRN"/>
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        <balance>1680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1778935.2</valUSD>
        <pctVal>0.1129058204</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</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>TRI-CNTY MET TRANSN DIST ORE</name>
        <lei>N/A</lei>
        <title>TRI-CNTY MET TRANSN DIST ORE SR LIEN PAYROLL TAX BDS 2019 A</title>
        <cusip>89546RRU0</cusip>
        <identifiers>
          <isin value="US89546RRU04"/>
          <ticker value="TCYTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5097650</valUSD>
        <pctVal>0.3235386851</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>
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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>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>6461365M9</cusip>
        <identifiers>
          <isin value="US6461365M90"/>
          <ticker value="NJSTRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5224300</valUSD>
        <pctVal>0.3315769330</pctVal>
        <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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TENNESSEE HSG DEV AGY</name>
        <lei>N/A</lei>
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        <cusip>880461JS8</cusip>
        <identifiers>
          <isin value="US880461JS89"/>
          <ticker value="TNSHSG"/>
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        <balance>135000</balance>
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        <curCd>USD</curCd>
        <valUSD>139153.95</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>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY</name>
        <lei>N/A</lei>
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        <cusip>24917DBU6</cusip>
        <identifiers>
          <isin value="US24917DBU63"/>
          <ticker value="DENGEN"/>
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        <balance>2750000</balance>
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        <curCd>USD</curCd>
        <valUSD>1507770</valUSD>
        <pctVal>0.0956954525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>MASSACHUSETTS DEPT TRANSN</name>
        <lei>549300CGDCL8XZK3KN03</lei>
        <title>MASSACHUSETTS DEPT TRANSN REF SR BDS 2019 A</title>
        <cusip>57563CET5</cusip>
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          <isin value="US57563CET53"/>
          <ticker value="MASTRN"/>
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        <balance>5500000</balance>
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        <curCd>USD</curCd>
        <valUSD>6864385</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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        <securityLending>
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      <invstOrSec>
        <name>LANCASTER CALIF FING AUTH</name>
        <lei>N/A</lei>
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        <cusip>51378CAY6</cusip>
        <identifiers>
          <isin value="US51378CAY66"/>
          <ticker value="LANGEN"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3355260</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>DENVER COLO CITY &amp; CNTY</name>
        <lei>N/A</lei>
        <title>DENVER COLO CITY &amp; CNTY BDS 2018A-2</title>
        <cusip>24917DBW2</cusip>
        <identifiers>
          <isin value="US24917DBW20"/>
          <ticker value="DENGEN"/>
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        <balance>2805000</balance>
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        <curCd>USD</curCd>
        <valUSD>1402023.15</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MICH ARPT AUTH REV BDS 2015</title>
        <cusip>944514UD8</cusip>
        <identifiers>
          <isin value="US944514UD82"/>
          <ticker value="WAYAPT"/>
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        <balance>2625000</balance>
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        <curCd>USD</curCd>
        <valUSD>3111281.25</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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIRGINIA COMWLTH TRANSN BRD</name>
        <lei>N/A</lei>
        <title>VIRGINIA COMWLTH TRANSN BRD REV BDS 2012</title>
        <cusip>927793WN5</cusip>
        <identifiers>
          <isin value="US927793WN51"/>
          <ticker value="VASTRN"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2114120</valUSD>
        <pctVal>0.1341793974</pctVal>
        <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>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>
        <name>TEXAS WATER DEV BRD</name>
        <lei>N/A</lei>
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        <cusip>882854J60</cusip>
        <identifiers>
          <isin value="US882854J605"/>
          <ticker value="TXSWTR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6072050</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>2043-10-15</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPRINGFIELD PA SCH DIST DELAWARE CNTY</name>
        <lei>N/A</lei>
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        <cusip>851347UK8</cusip>
        <identifiers>
          <isin value="US851347UK83"/>
          <ticker value="SPRSCD"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1686360</valUSD>
        <pctVal>0.1070302388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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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>64971XDQ8</cusip>
        <identifiers>
          <isin value="US64971XDQ88"/>
          <ticker value="NYCGEN"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6048800</valUSD>
        <pctVal>0.3839064664</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>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCHAUMBURG ILL</name>
        <lei>N/A</lei>
        <title>SCHAUMBURG ILL GO REF BDS 2013A</title>
        <cusip>806347ME7</cusip>
        <identifiers>
          <isin value="US806347ME77"/>
          <ticker value="SCH"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5328600</valUSD>
        <pctVal>0.3381966666</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>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY NEB FACS CORP</name>
        <lei>N/A</lei>
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        <cusip>914639KW8</cusip>
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          <isin value="US914639KW84"/>
          <ticker value="UNIHGR"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4916650</valUSD>
        <pctVal>0.3120509404</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>2.815000000000</annualizedRt>
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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 REV BDS 2015 E</title>
        <cusip>64990EY84</cusip>
        <identifiers>
          <isin value="US64990EY841"/>
          <ticker value="NYSHGR"/>
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        <balance>5035000</balance>
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        <curCd>USD</curCd>
        <valUSD>5244657.4</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>2036-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>NEW YORK ST ENVIRONMENTAL FACS CORP BDS 2017 E</title>
        <cusip>64986DFS9</cusip>
        <identifiers>
          <isin value="US64986DFS99"/>
          <ticker value="NYSWTR"/>
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        <balance>4000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4813800</valUSD>
        <pctVal>0.3055232357</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>CALIFORNIA ST VARIOUS PURP GO REF BDS</title>
        <cusip>13063DLX4</cusip>
        <identifiers>
          <isin value="US13063DLX48"/>
          <ticker value="CAS"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5744550</valUSD>
        <pctVal>0.3645962656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</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>DENVER COLO CITY &amp; CNTY</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>DENVER COLO CITY &amp; CNTY SUB REV BDS 2018 A</title>
        <cusip>249182LV6</cusip>
        <identifiers>
          <isin value="US249182LV60"/>
          <ticker value="DENAPT"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2380900</valUSD>
        <pctVal>0.1511114446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN FIN AUTH LOCAL GOVT LN PROG REV BDS 2014H-1</title>
        <cusip>59447PL74</cusip>
        <identifiers>
          <isin value="US59447PL743"/>
          <ticker value="MISFIN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5687550</valUSD>
        <pctVal>0.3609785781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD</name>
        <lei>549300F4NI30HIKMHY15</lei>
        <title>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN H &amp; E FACS BRD REF AND IMPT BDS 2019 A</title>
        <cusip>592041YQ4</cusip>
        <identifiers>
          <isin value="US592041YQ41"/>
          <ticker value="METHGR"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1794540</valUSD>
        <pctVal>0.1138962290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA REV BDS 2013</title>
        <cusip>114894VJ4</cusip>
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          <isin value="US114894VJ44"/>
          <ticker value="BROAPT"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5747150</valUSD>
        <pctVal>0.3647612830</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>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
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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 2014D</title>
        <cusip>93978HKN4</cusip>
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          <isin value="US93978HKN43"/>
          <ticker value="WASMED"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5688650</valUSD>
        <pctVal>0.3610483931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>CHARLOTTE N C</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>CHARLOTTE N C CTFS OF PARTN 2019A</title>
        <cusip>161037Z33</cusip>
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          <isin value="US161037Z332"/>
          <ticker value="CHACTF"/>
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        <balance>5700000</balance>
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        <curCd>USD</curCd>
        <valUSD>6364905</valUSD>
        <pctVal>0.4039690827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS ST TRANSN FD</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST TRANSN FD REF BDS 2017 A</title>
        <cusip>57604TFL5</cusip>
        <identifiers>
          <isin value="US57604TFL52"/>
          <ticker value="MASTRN"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1208050</valUSD>
        <pctVal>0.0766727627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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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>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2634360</valUSD>
        <pctVal>0.1671980953</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>
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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 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>0.3405703774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      </invstOrSec>
      <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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        <valUSD>2134620</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FULTON CNTY GA DEV AUTH</name>
        <lei>549300533NJL38F4K144</lei>
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        <cusip>36005FGD1</cusip>
        <identifiers>
          <isin value="US36005FGD15"/>
          <ticker value="FULDEV"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2961630</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>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HENNEPIN CNTY MINN</name>
        <lei>549300YP457DT0GA0119</lei>
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        <cusip>425507GX2</cusip>
        <identifiers>
          <isin value="US425507GX28"/>
          <ticker value="HEN"/>
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        <balance>4790000</balance>
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        <curCd>USD</curCd>
        <valUSD>4790000</valUSD>
        <pctVal>0.3040126925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT ARPTS</name>
        <lei>N/A</lei>
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        <cusip>544445HQ5</cusip>
        <identifiers>
          <isin value="US544445HQ52"/>
          <ticker value="LOSAPT"/>
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        <balance>5000000</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>2043-05-15</maturityDt>
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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>438687FV2</cusip>
        <identifiers>
          <isin value="US438687FV26"/>
          <ticker value="HON"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2443720</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>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>OHIO ST WTR DEV AUTH</name>
        <lei>N/A</lei>
        <title>OHIO ST WTR DEV AUTH LN FD REF BDS 2019 B</title>
        <cusip>67766WYG1</cusip>
        <identifiers>
          <isin value="US67766WYG13"/>
          <ticker value="OHSPOL"/>
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        <balance>8990000</balance>
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        <curCd>USD</curCd>
        <valUSD>11392667.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS EDL FACS AUTH</name>
        <lei>N/A</lei>
        <title>ILLINOIS EDL FACS AUTH ADJ MEDIUM TERM BDS 2002</title>
        <cusip>45201QDA9</cusip>
        <identifiers>
          <isin value="US45201QDA94"/>
          <ticker value="ILSEDU"/>
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        <balance>1740000</balance>
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        <curCd>USD</curCd>
        <valUSD>1895469</valUSD>
        <pctVal>0.1203020113</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>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.900000000000</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>544445FE4</cusip>
        <identifiers>
          <isin value="US544445FE41"/>
          <ticker value="LOSAPT"/>
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        <balance>3000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3686400</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CNTY CALIF CMNTY COLLEGE DIST</name>
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        <cusip>799038NA8</cusip>
        <identifiers>
          <isin value="US799038NA89"/>
          <ticker value="SMTHGR"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2471480</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <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>
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        <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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        <name>ADAMS CNTY COLO SCH DIST NO 1</name>
        <lei>N/A</lei>
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        <cusip>005626SY3</cusip>
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          <isin value="US005626SY37"/>
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        <balance>225000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
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        <cusip>97712DU38</cusip>
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          <maturityDt>2046-04-01</maturityDt>
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        <name>INDIANA HEALTH &amp; EDL FAC FING AUTH</name>
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        <cusip>454795FG5</cusip>
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        <name>UTILITY DEBT SECURITIZATION AUTH N Y</name>
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        <cusip>91802REL9</cusip>
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          <ticker value="UTLUTL"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>ARIZONA BRD REGENTS ARIZ ST UNIV</name>
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        <cusip>04048RTD8</cusip>
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          <isin value="US04048RTD88"/>
          <ticker value="AZSHGR"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2407840</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AUTH N Y</name>
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        <cusip>91802RBV0</cusip>
        <identifiers>
          <isin value="US91802RBV06"/>
          <ticker value="UTLUTL"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2974700</valUSD>
        <pctVal>0.1887988635</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>2037-12-15</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>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA SYS BDS 2019 B</title>
        <cusip>59334DLU6</cusip>
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          <ticker value="MIAUTL"/>
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        <balance>8000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9797680</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>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CALIF DEPT ARPTS</name>
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        <name>DALLAS TEX</name>
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        <name>WASHINGTON ST</name>
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        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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        <cusip>64985HYK7</cusip>
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        <name>ILLINOIS FIN AUTH</name>
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          <isin value="US452017AS51"/>
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        <balance>1250000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>MADISON ALA BRD ED</name>
        <lei>N/A</lei>
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          <ticker value="MADEDU"/>
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        <balance>5040000</balance>
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        <curCd>USD</curCd>
        <valUSD>5609268</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-02-01</maturityDt>
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        <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>3000000</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>2047-11-15</maturityDt>
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        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WWB8</cusip>
        <identifiers>
          <isin value="US66285WWB89"/>
          <ticker value="NRTTRN"/>
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        <balance>2500000</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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        <name>NORTHSIDE TEX INDPT SCH DIST</name>
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        <cusip>66702RDZ2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>UNIVERSITY WIS HOSPS &amp; CLINICS AUTH</name>
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        <cusip>915260DH3</cusip>
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          <ticker value="UNVMED"/>
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        <name>MASSACHUSETTS ST PORT AUTH</name>
        <lei>N/A</lei>
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        <cusip>575896VG7</cusip>
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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>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
        <lei>N/A</lei>
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        <cusip>70917S6Z1</cusip>
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        <balance>5000000</balance>
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        <name>CALIFORNIA ST</name>
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          <isin value="US13063DDQ88"/>
          <ticker value="CAS"/>
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        <balance>700000</balance>
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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
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      <invstOrSec>
        <name>UNIVERSITY UTAH</name>
        <lei>N/A</lei>
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        <balance>1700000</balance>
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        <valUSD>2223243</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>VIRGINIA ST HSG DEV AUTH</name>
        <lei>549300LW3QBOVLQBP895</lei>
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        <cusip>92812VYQ3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MONTANA ST BRD HSG</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TENNESSEE ST SCH BD AUTH</name>
        <lei>N/A</lei>
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        <cusip>880558MJ7</cusip>
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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>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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          <isin value="US11506KDQ13"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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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"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
        <lei>N/A</lei>
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        <cusip>70917S6Y4</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILLIAMSON CNTY TENN</name>
        <lei>N/A</lei>
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        <cusip>969872RK8</cusip>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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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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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <cusip>11506KDH1</cusip>
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          <isin value="US11506KDH14"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILL GRUNDY ETC CNTYS ILL CMNTY COLLEGE DIST NO 525</name>
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        <cusip>969080FZ8</cusip>
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          <ticker value="WILHGR"/>
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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>2036-06-01</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST TOLL HWY AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOWER COLO RIV AUTH TEX</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <name>PENNSYLVANIA ST HIGHER EDL FACS AUTH</name>
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        <cusip>70917S6W8</cusip>
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        <name>UNIVERSITY TEX PERM UNIV FD</name>
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          <ticker value="UNIHGR"/>
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        <balance>5000000</balance>
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        <name>CENTRAL FLA EXPWY AUTH</name>
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        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
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        <cusip>650010CB5</cusip>
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          <isin value="US650010CB54"/>
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        <balance>2975000</balance>
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        <valUSD>3368949.5</valUSD>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>DALLAS CNTY TEX HOSP DIST</name>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH</name>
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        <name>NEW YORK N Y CITY MUN WTR FIN AUTH</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
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          <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>MASSACHUSETTS ST TRANSN FD</name>
        <lei>N/A</lei>
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        <cusip>57604TGG5</cusip>
        <identifiers>
          <isin value="US57604TGG58"/>
          <ticker value="MASTRN"/>
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        <balance>7820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9368203.6</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>2042-06-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ST HSG FIN AGY</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>MASSACHUSETTS ST HSG FIN AGY BDS 2016 H</title>
        <cusip>57586NN72</cusip>
        <identifiers>
          <isin value="US57586NN725"/>
          <ticker value="MASHSG"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1073890</valUSD>
        <pctVal>0.0681578685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.400000000000</annualizedRt>
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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 MUN WTR FIN AUTH</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK N Y CITY MUN WTR FIN AUTH SECOND GEN RESOLUTION FISCAL BDS 2019 FF-2</title>
        <cusip>64972GTF1</cusip>
        <identifiers>
          <isin value="US64972GTF18"/>
          <ticker value="NYCUTL"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>4364045</valUSD>
        <pctVal>0.2769780940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>0.4596018187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OREGON ST DEPT TRANSN</name>
        <lei>N/A</lei>
        <title>OREGON ST DEPT TRANSN REV BDS 2015A</title>
        <cusip>68607DSF3</cusip>
        <identifiers>
          <isin value="US68607DSF32"/>
          <ticker value="ORSTRN"/>
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        <balance>1100000</balance>
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        <curCd>USD</curCd>
        <valUSD>1295217</valUSD>
        <pctVal>0.0822050955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</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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      <invstOrSec>
        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA BDS 2017</title>
        <cusip>114894XT0</cusip>
        <identifiers>
          <isin value="US114894XT08"/>
          <ticker value="BROAPT"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2943275</valUSD>
        <pctVal>0.1868043752</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>WASHINGTON ST UNIV</name>
        <lei>N/A</lei>
        <title>WASHINGTON ST UNIV GEN REV REF BDS 2015</title>
        <cusip>9400937H4</cusip>
        <identifiers>
          <isin value="US9400937H42"/>
          <ticker value="WASHGR"/>
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        <balance>1320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1507136.4</valUSD>
        <pctVal>0.0956552390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</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>
        <name>NORTH TEX TWY AUTH</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>NORTH TEX TWY AUTH SYS SCND TIER REF BDS 2018</title>
        <cusip>66285WYA8</cusip>
        <identifiers>
          <isin value="US66285WYA88"/>
          <ticker value="NRTTRN"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1670775</valUSD>
        <pctVal>0.1060410869</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>Fixed</couponKind>
          <annualizedRt>4.250000000000</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>COLORADO EDL &amp; CULTURAL FACS AUTH</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>COLORADO EDL &amp; CULTURAL FACS AUTH REV BDS 2017 A</title>
        <cusip>19645R6B2</cusip>
        <identifiers>
          <isin value="US19645R6B23"/>
          <ticker value="COSEDU"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2962250</valUSD>
        <pctVal>0.1880086844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OREGON ST</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>OREGON ST GO BDS 2019 K</title>
        <cusip>68609TPN2</cusip>
        <identifiers>
          <isin value="US68609TPN27"/>
          <ticker value="ORS"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1878165</valUSD>
        <pctVal>0.1192037575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN CNTY PA</name>
        <lei>549300OQ3HLT4CBBK749</lei>
        <title>FRANKLIN CNTY PA GO BDS 2018</title>
        <cusip>353244EX0</cusip>
        <identifiers>
          <isin value="US353244EX06"/>
          <ticker value="FRA"/>
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        <balance>1075000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1204526.75</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>2033-11-01</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>
      <invstOrSec>
        <name>FLORIDA HIGHER EDL FACS FING AUTH</name>
        <lei>N/A</lei>
        <title>FLORIDA HIGHER EDL FACS FING AUTH BDS 2019</title>
        <cusip>34073TNB9</cusip>
        <identifiers>
          <isin value="US34073TNB97"/>
          <ticker value="FLSHGR"/>
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        <balance>1750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1857345</valUSD>
        <pctVal>0.1178823495</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>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALEM ORE HOSP FAC AUTH</name>
        <lei>N/A</lei>
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        <cusip>794458FV6</cusip>
        <identifiers>
          <isin value="US794458FV60"/>
          <ticker value="SALMED"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>4216135</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>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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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 SCH DIST REV BDS 2009</title>
        <cusip>64990CZ38</cusip>
        <identifiers>
          <isin value="US64990CZ388"/>
          <ticker value="NYSHGR"/>
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        <balance>165000</balance>
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        <curCd>USD</curCd>
        <valUSD>165509.85</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>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>CONNECTICUT ST BDS 2018 B</title>
        <cusip>207758YF4</cusip>
        <identifiers>
          <isin value="US207758YF42"/>
          <ticker value="CTSGEN"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3102100</valUSD>
        <pctVal>0.1968847126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DAVIS CNTY UTAH SCH DIST</name>
        <lei>N/A</lei>
        <title>DAVIS CNTY UTAH SCH DIST GO BDS 2016</title>
        <cusip>239019S29</cusip>
        <identifiers>
          <isin value="US239019S291"/>
          <ticker value="DAVSCD"/>
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        <balance>3330000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3556306.8</valUSD>
        <pctVal>0.2257124020</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>3.000000000000</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>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>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2127040</valUSD>
        <pctVal>0.1349994065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS FIN AUTH</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FIN AUTH REF BDS 2018 A</title>
        <cusip>45204EM96</cusip>
        <identifiers>
          <isin value="US45204EM960"/>
          <ticker value="ILSGEN"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2850250</valUSD>
        <pctVal>0.1809002457</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>2044-01-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA LOC GOVT ENVIRONMENTAL FACS &amp; CMNTY DEV AUTH</name>
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        <cusip>54628CAK8</cusip>
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          <isin value="US54628CAK80"/>
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        <curCd>USD</curCd>
        <valUSD>1837609.6</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>2031-10-01</maturityDt>
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          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <pctVal>0.1987062500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA BRD REGENTS ARIZ ST UNIV</name>
        <lei>N/A</lei>
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        <cusip>04048RQN9</cusip>
        <identifiers>
          <isin value="US04048RQN97"/>
          <ticker value="AZSHGR"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2360620</valUSD>
        <pctVal>0.1498243094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</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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      <invstOrSec>
        <name>MASSACHUSETTS ST WTR RES AUTH</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>MASSACHUSETTS ST WTR RES AUTH GEN REV BDS 2018 B</title>
        <cusip>576051TD8</cusip>
        <identifiers>
          <isin value="US576051TD84"/>
          <ticker value="MASWTR"/>
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        <balance>1455000</balance>
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        <curCd>USD</curCd>
        <valUSD>1779115.8</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>2043-08-01</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>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>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2993975</valUSD>
        <pctVal>0.1900222131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</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>PHOENIX ARIZ CIVIC IMPT CORP</name>
        <lei>N/A</lei>
        <title>PHOENIX ARIZ CIVIC IMPT CORP REV BDS 2014</title>
        <cusip>71883RMX8</cusip>
        <identifiers>
          <isin value="US71883RMX88"/>
          <ticker value="PHOWTR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5708250</valUSD>
        <pctVal>0.3622923699</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>
          <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>PASCO CNTY FLA SCH BRD</name>
        <lei>549300NYEDMC7IDJPE68</lei>
        <title>PASCO CNTY FLA SCH BRD COPS 2018A</title>
        <cusip>702528LK4</cusip>
        <identifiers>
          <isin value="US702528LK49"/>
          <ticker value="PASEDU"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3595470</valUSD>
        <pctVal>0.2281980199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</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>CENTRAL TEX REGL MOBILITY AUTH</name>
        <lei>N/A</lei>
        <title>CENTRAL TEX REGL MOBILITY AUTH SR LIEN REV REF BDS 2016</title>
        <cusip>155498ER5</cusip>
        <identifiers>
          <isin value="US155498ER55"/>
          <ticker value="CTXGEN"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>862042.5</valUSD>
        <pctVal>0.0547122884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</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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      <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>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2567325</valUSD>
        <pctVal>0.1629435043</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>
          <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>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA SYS BDS 2019 B</title>
        <cusip>59334DLT9</cusip>
        <identifiers>
          <isin value="US59334DLT99"/>
          <ticker value="MIAUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5585450</valUSD>
        <pctVal>0.3544984745</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>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>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FLA BDS 2019 A</title>
        <cusip>11506KEN7</cusip>
        <identifiers>
          <isin value="US11506KEN72"/>
          <ticker value="BROTRN"/>
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        <balance>3855000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4764047.55</valUSD>
        <pctVal>0.3023655371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</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>NEW YORK ST URBAN DEV CORP</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV CORP INCOME TAX REV BDS 2014A-A</title>
        <cusip>650035M21</cusip>
        <identifiers>
          <isin value="US650035M217"/>
          <ticker value="NYSDEV"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2519825</valUSD>
        <pctVal>0.1599287647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-15</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>DISTRICT COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DISTRICT COLUMBIA GO BDS 2018 A</title>
        <cusip>25476FWG9</cusip>
        <identifiers>
          <isin value="US25476FWG98"/>
          <ticker value="DIS"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6087450</valUSD>
        <pctVal>0.3863595125</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>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>CHICAGO ILL MIDWAY ARPT</name>
        <lei>N/A</lei>
        <title>CHICAGO ILL MIDWAY ARPT SECOND LIEN REV REF BDS 2013</title>
        <cusip>167562MX2</cusip>
        <identifiers>
          <isin value="US167562MX20"/>
          <ticker value="CHIAPT"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2774150</valUSD>
        <pctVal>0.1760703154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</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>
        <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>3810000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4055402.1</valUSD>
        <pctVal>0.2573890838</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>
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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 TAX EXMPT BDS 2017 B GRP 2</title>
        <cusip>64990FGE8</cusip>
        <identifiers>
          <isin value="US64990FGE88"/>
          <ticker value="NYSHGR"/>
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        <balance>2530000</balance>
        <units>PA</units>
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        <name>MIAMI-DADE CNTY FLA EXPWY AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <cusip>64990C6Q9</cusip>
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        <name>OHIO ST TPK COMMN</name>
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        <cusip>60637AMV1</cusip>
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        <name>BROWARD CNTY FLA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OMAHA PUB PWR DIST NEB</name>
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        <cusip>682001FW7</cusip>
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        <balance>5000000</balance>
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        <name>OMAHA PUB PWR DIST NEB</name>
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        <name>PEFA INC IOWA</name>
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        <name>NEW JERSEY ECONOMIC DEV AUTH</name>
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        <name>CACHE CNTY UTAH SCH DIST</name>
        <lei>N/A</lei>
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        <valUSD>2215140</valUSD>
        <pctVal>0.1405909552</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AUTH N Y</name>
        <lei>N/A</lei>
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        <cusip>91802RAQ2</cusip>
        <identifiers>
          <isin value="US91802RAQ20"/>
          <ticker value="UTLUTL"/>
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        <balance>3500000</balance>
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        <curCd>USD</curCd>
        <valUSD>3946810</valUSD>
        <pctVal>0.2504969384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS A &amp; M UNIV</name>
        <lei>N/A</lei>
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        <cusip>8821355Y8</cusip>
        <identifiers>
          <isin value="US8821355Y83"/>
          <ticker value="TAMHGR"/>
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        <balance>3805000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3845485.2</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>2020-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3233940</valUSD>
        <pctVal>0.2052523605</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST BLDG AUTH REV REF BDS 2011</title>
        <cusip>5946147Y9</cusip>
        <identifiers>
          <isin value="US5946147Y92"/>
          <ticker value="MISFAC"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5343100</valUSD>
        <pctVal>0.3391169555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SNOHOMISH CNTY WASH PUB UTIL DIST NO 1</name>
        <lei>549300LU0VT11TQC1877</lei>
        <title>SNOHOMISH CNTY WASH PUB UTIL DIST NO 1 ELEC SYS REV BDS 2015</title>
        <cusip>833102ZC3</cusip>
        <identifiers>
          <isin value="US833102ZC32"/>
          <ticker value="SNOUTL"/>
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        <balance>560000</balance>
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        <curCd>USD</curCd>
        <valUSD>656236</valUSD>
        <pctVal>0.0416501197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</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>PENNSYLVANIA ST TPK COMMN</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TPK COMMN SUBORDINATED BDS 2018 B</title>
        <cusip>709221VJ1</cusip>
        <identifiers>
          <isin value="US709221VJ11"/>
          <ticker value="PASTRN"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2987100</valUSD>
        <pctVal>0.1895858692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</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>TAMPA BAY WTR FLA</name>
        <lei>N/A</lei>
        <title>TAMPA BAY WTR FLA REV BDS 2013</title>
        <cusip>875124DS5</cusip>
        <identifiers>
          <isin value="US875124DS50"/>
          <ticker value="TAMWTR"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5625800</valUSD>
        <pctVal>0.3570594165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HONOLULU HAWAII CITY &amp; CNTY WASTEWTR SYS</name>
        <lei>N/A</lei>
        <title>HONOLULU HAWAII CITY &amp; CNTY WASTEWTR SYS SR FIRST RESOLUTION BDS 2019A</title>
        <cusip>438701T87</cusip>
        <identifiers>
          <isin value="US438701T879"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1127460</valUSD>
        <pctVal>0.0715578602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAMPA BAY WTR FLA</name>
        <lei>N/A</lei>
        <title>TAMPA BAY WTR FLA REF REV BDS</title>
        <cusip>875124GC7</cusip>
        <identifiers>
          <isin value="US875124GC71"/>
          <ticker value="TAMWTR"/>
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        <balance>1750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2105985</valUSD>
        <pctVal>0.1336630835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</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>MIAMI-DADE CNTY FLA TRAN SYS</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA TRAN SYS SALES SURTAX REV BDS 2012</title>
        <cusip>59334PEL7</cusip>
        <identifiers>
          <isin value="US59334PEL76"/>
          <ticker value="MIATRN"/>
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        <balance>10000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10786500</valUSD>
        <pctVal>0.6845997719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</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>
        <name>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>METROPOLITAN TRANSN AUTH N Y TRANSN REF BDS 2015</title>
        <cusip>59259Y5W5</cusip>
        <identifiers>
          <isin value="US59259Y5W59"/>
          <ticker value="MTATRN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2344820</valUSD>
        <pctVal>0.1488215118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</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>
        <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>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3244620</valUSD>
        <pctVal>0.2059302009</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>4.250000000000</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>OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH SYS SECOND SR REV BDS 2017C</title>
        <cusip>679111XX7</cusip>
        <identifiers>
          <isin value="US679111XX76"/>
          <ticker value="OKSTRN"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2221260</valUSD>
        <pctVal>0.1409793806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</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>DISTRICT COLUMBIA WTR &amp; SWR AUTH</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
        <title>DISTRICT COLUMBIA WTR &amp; SWR AUTH PUB UTIL SUB LIEN REV BDS 2015</title>
        <cusip>254845LR9</cusip>
        <identifiers>
          <isin value="US254845LR99"/>
          <ticker value="DISUTL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2922625</valUSD>
        <pctVal>0.1854937568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</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>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>0.1596510913</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>
          <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>HAWAII ST</name>
        <lei>N/A</lei>
        <title>HAWAII ST REV BDS 2010</title>
        <cusip>419794XL1</cusip>
        <identifiers>
          <isin value="US419794XL18"/>
          <ticker value="HISAPT"/>
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        <balance>4000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4077600</valUSD>
        <pctVal>0.2587979446</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>5.250000000000</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>SACRAMENTO CNTY CALIF</name>
        <lei>549300OXI5MD45L13R20</lei>
        <title>SACRAMENTO CNTY CALIF SR REV BDS 2010</title>
        <cusip>786107NW8</cusip>
        <identifiers>
          <isin value="US786107NW86"/>
          <ticker value="SACAPT"/>
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        <balance>1280000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1304486.4</valUSD>
        <pctVal>0.0827934077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 BAY TRANSN AUTH MASS</name>
        <lei>549300D2U0XBUXGX8P68</lei>
        <title>MASSACHUSETTS BAY TRANSN AUTH MASS ASSESSMENT BDS 2012A</title>
        <cusip>575577MZ1</cusip>
        <identifiers>
          <isin value="US575577MZ17"/>
          <ticker value="MASTRN"/>
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        <balance>2800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3038924</valUSD>
        <pctVal>0.1928750454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>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>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2483160</valUSD>
        <pctVal>0.1576017030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-15</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>
      <invstOrSec>
        <name>CLACKAMAS CNTY ORE SCH DIST NO 12 NORTH CLACKAMAS</name>
        <lei>N/A</lei>
        <title>CLACKAMAS CNTY ORE SCH DIST NO 12 NORTH CLACKAMAS GO BDS 2017</title>
        <cusip>179093HN2</cusip>
        <identifiers>
          <isin value="US179093HN22"/>
          <ticker value="CLASCD"/>
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        <balance>7500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3871275</valUSD>
        <pctVal>0.2457028676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>None</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>STUDENT &amp; ACADEMIC SVCS LLC ARIZ</name>
        <lei>N/A</lei>
        <title>STUDENT &amp; ACADEMIC SVCS LLC ARIZ REV BDS 2014</title>
        <cusip>86386TAW9</cusip>
        <identifiers>
          <isin value="US86386TAW99"/>
          <ticker value="SDACTT"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2237460</valUSD>
        <pctVal>0.1420075655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</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>WASHINGTON MULTNOMAH &amp; YAMHILLCNTYS ORE SCH DIST NO 1J HILLSBORO</name>
        <lei>N/A</lei>
        <title>WASHINGTON MULTNOMAH &amp; YAMHILLCNTYS ORE SCH DIST NO 1J HILLSBORO GO BDS 2017</title>
        <cusip>939307JG0</cusip>
        <identifiers>
          <isin value="US939307JG02"/>
          <ticker value="WASSCD"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2442040</valUSD>
        <pctVal>0.1549918905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</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>
        <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>2210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2386556.9</valUSD>
        <pctVal>0.1514704778</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>
      <invstOrSec>
        <name>LOUISIANA PUB FACS AUTH</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>LOUISIANA PUB FACS AUTH REF REV BDS 2016</title>
        <cusip>546399DV5</cusip>
        <identifiers>
          <isin value="US546399DV50"/>
          <ticker value="LASFAC"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2272020</valUSD>
        <pctVal>0.1442010266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</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>HONOLULU HAWAII CITY &amp; CNTY</name>
        <lei>N/A</lei>
        <title>HONOLULU HAWAII CITY &amp; CNTY GO BDS 2017 H</title>
        <cusip>438687DQ5</cusip>
        <identifiers>
          <isin value="US438687DQ58"/>
          <ticker value="HON"/>
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        <balance>3500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3500210</valUSD>
        <pctVal>0.2221520389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>1.910000000000</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 REF AND IMPT BDS 2016 A</title>
        <cusip>24917DAS2</cusip>
        <identifiers>
          <isin value="US24917DAS27"/>
          <ticker value="DENGEN"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1767390</valUSD>
        <pctVal>0.1121730673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</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>WAYNE CNTY MICH ARPT AUTH</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MICH ARPT AUTH REV BDS 2015</title>
        <cusip>944514SX7</cusip>
        <identifiers>
          <isin value="US944514SX74"/>
          <ticker value="WAYAPT"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2325080</valUSD>
        <pctVal>0.1475686495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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 MUN ELEC AGY</name>
        <lei>N/A</lei>
        <title>ILLINOIS MUN ELEC AGY REF BDS 2015A</title>
        <cusip>452024JB9</cusip>
        <identifiers>
          <isin value="US452024JB94"/>
          <ticker value="ILSPWR"/>
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        <balance>4750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5177215</valUSD>
        <pctVal>0.3285885327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NORFOLK VA</name>
        <lei>N/A</lei>
        <title>NORFOLK VA GO CAP IMPT AND REF BDS 2016</title>
        <cusip>655867UL1</cusip>
        <identifiers>
          <isin value="US655867UL12"/>
          <ticker value="NOR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>621270</valUSD>
        <pctVal>0.0394308905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>MICHIGAN ST UNIV</name>
        <lei>5493000C7JLSR3TV6F07</lei>
        <title>MICHIGAN ST UNIV GEN BDS 2019 B</title>
        <cusip>594712VE8</cusip>
        <identifiers>
          <isin value="US594712VE83"/>
          <ticker value="MISHGR"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2436780</valUSD>
        <pctVal>0.1546580478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</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>TENNESSEE HSG DEV AGY</name>
        <lei>N/A</lei>
        <title>TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG BDS 2015</title>
        <cusip>880461HJ0</cusip>
        <identifiers>
          <isin value="US880461HJ09"/>
          <ticker value="TNSHSG"/>
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        <balance>240000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253238.4</valUSD>
        <pctVal>0.0160725862</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>3.950000000000</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>HOWARD CNTY MD</name>
        <lei>N/A</lei>
        <title>HOWARD CNTY MD GO BDS 2017 A</title>
        <cusip>44256PHC0</cusip>
        <identifiers>
          <isin value="US44256PHC05"/>
          <ticker value="HOW"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1234490</valUSD>
        <pctVal>0.0783508619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>LAFAYETTE PARISH LA SCH BRD</name>
        <lei>N/A</lei>
        <title>LAFAYETTE PARISH LA SCH BRD BDS 2018</title>
        <cusip>506624QU2</cusip>
        <identifiers>
          <isin value="US506624QU24"/>
          <ticker value="LAFEDU"/>
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        <balance>2165000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2540454.3</valUSD>
        <pctVal>0.1612380693</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>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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      <invstOrSec>
        <name>SAN FRANCISCO CALIF CITY &amp; CNTY ARPTS COMMN</name>
        <lei>N/A</lei>
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        <cusip>79766DKG3</cusip>
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          <isin value="US79766DKG33"/>
          <ticker value="SFOAPT"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1769565</valUSD>
        <pctVal>0.1123111107</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</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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        <name>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>5493003476LG35QAKM08</lei>
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        <cusip>64972HK50</cusip>
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          <isin value="US64972HK502"/>
          <ticker value="NYCFAC"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3626460</valUSD>
        <pctVal>0.2301648995</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</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>CHICAGO ILL O HARE INTL ARPT</name>
        <lei>N/A</lei>
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        <cusip>167593UT7</cusip>
        <identifiers>
          <isin value="US167593UT78"/>
          <ticker value="CHITRN"/>
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        <balance>3100000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3601177</valUSD>
        <pctVal>0.2285602329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</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>
      <invstOrSec>
        <name>SHREVEPORT LA</name>
        <lei>N/A</lei>
        <title>SHREVEPORT LA REV BDS 2016 B</title>
        <cusip>825485VD4</cusip>
        <identifiers>
          <isin value="US825485VD46"/>
          <ticker value="SHRUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5887050</valUSD>
        <pctVal>0.3736404846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>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 FISCAL 2013 BB</title>
        <cusip>64972GAZ7</cusip>
        <identifiers>
          <isin value="US64972GAZ72"/>
          <ticker value="NYCUTL"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2742200</valUSD>
        <pctVal>0.1740425063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</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>NEW YORK N Y CITY TRANSITIONAL FIN AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK N Y CITY TRANSITIONAL FIN AUTH FUTURE TAX SUB BDS 2016</title>
        <cusip>64971WXL9</cusip>
        <identifiers>
          <isin value="US64971WXL98"/>
          <ticker value="NYCGEN"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593605</valUSD>
        <pctVal>0.0376750427</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>
      <invstOrSec>
        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH</name>
        <lei>549300Z565MB9CYIFO02</lei>
        <title>MISSOURI ST HEALTH &amp; EDL FACS AUTH REV BDS 2015</title>
        <cusip>60636AMM2</cusip>
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          <isin value="US60636AMM26"/>
          <ticker value="MOSMED"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2896750</valUSD>
        <pctVal>0.1838515171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN ST LOUIS MO SWR DIST</name>
        <lei>N/A</lei>
        <title>METROPOLITAN ST LOUIS MO SWR DIST REF REV BDS 2015 B</title>
        <cusip>592481HA6</cusip>
        <identifiers>
          <isin value="US592481HA62"/>
          <ticker value="METUTL"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5781200</valUSD>
        <pctVal>0.3669223753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</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>METROPOLITAN ST LOUIS MO SWR DIST</name>
        <lei>N/A</lei>
        <title>METROPOLITAN ST LOUIS MO SWR DIST REF REV BDS 2015 B</title>
        <cusip>592481GX7</cusip>
        <identifiers>
          <isin value="US592481GX74"/>
          <ticker value="METUTL"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1176800</valUSD>
        <pctVal>0.0746893813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPPER ARLINGTON OHIO</name>
        <lei>5493002KHBEUI9TNXM57</lei>
        <title>UPPER ARLINGTON OHIO BDS 2019</title>
        <cusip>915514AU7</cusip>
        <identifiers>
          <isin value="US915514AU77"/>
          <ticker value="UPPGEN"/>
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        <balance>3370000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3406631.9</valUSD>
        <pctVal>0.2162128050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FLA</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FLA REF REV BDS 2015</title>
        <cusip>59333PR75</cusip>
        <identifiers>
          <isin value="US59333PR759"/>
          <ticker value="MIATRN"/>
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        <balance>5000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5749650</valUSD>
        <pctVal>0.3649199535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN SPL SCH DIST NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS MINN SPL SCH DIST NO 1 GO LONG TERM MAINTENANCE BDS 2016 B</title>
        <cusip>603790KH8</cusip>
        <identifiers>
          <isin value="US603790KH87"/>
          <ticker value="MINSCD"/>
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        <balance>275000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340939.5</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>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>
