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      </invstOrSec>
      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Series 2023</title>
        <cusip>762197J85</cusip>
        <identifiers>
          <isin value="US762197J851"/>
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        <balance>90000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90611.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Hollywood FL Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Hollywood, Series 2020</title>
        <cusip>436212FB5</cusip>
        <identifiers>
          <isin value="US436212FB51"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>86029.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Howard MD</name>
        <lei>N/A</lei>
        <title>County of Howard, Series 2026C</title>
        <cusip>44256QCL3</cusip>
        <identifiers>
          <isin value="US44256QCL32"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40611.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Florida Department of Management Services</name>
        <lei>N/A</lei>
        <title>State of Florida, Series 2018A</title>
        <cusip>34160PEA3</cusip>
        <identifiers>
          <isin value="US34160PEA30"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65483.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Amarillo TX Waterworks &amp; Sewer System Revenue</name>
        <lei>N/A</lei>
        <title>City of Amarillo, Series 2026</title>
        <cusip>023108TW3</cusip>
        <identifiers>
          <isin value="US023108TW38"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>39723.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Port of Tacoma WA</name>
        <lei>549300MLYO8L64QKXV81</lei>
        <title>Port of Tacoma, Series A</title>
        <cusip>735439NM9</cusip>
        <identifiers>
          <isin value="US735439NM92"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45456.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Racine WI</name>
        <lei>N/A</lei>
        <title>County of Racine, Series 2024A</title>
        <cusip>749845G80</cusip>
        <identifiers>
          <isin value="US749845G800"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102572.95000000</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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2020A</title>
        <cusip>67760AFD3</cusip>
        <identifiers>
          <isin value="US67760AFD37"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107981.84000000</valUSD>
        <pctVal>0.763812668618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Laredo TX</name>
        <lei>N/A</lei>
        <title>City of Laredo, Series 2025</title>
        <cusip>516824SS9</cusip>
        <identifiers>
          <isin value="US516824SS98"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17069.59000000</valUSD>
        <pctVal>0.120742238603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Town of Prosper TX</name>
        <lei>N/A</lei>
        <title>Town of Prosper, Series 2023</title>
        <cusip>743596XZ6</cusip>
        <identifiers>
          <isin value="US743596XZ64"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10954.35000000</valUSD>
        <pctVal>0.077485911579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Manatee County School District</name>
        <lei>N/A</lei>
        <title>Manatee County School District, Series 2025A</title>
        <cusip>56185NGV4</cusip>
        <identifiers>
          <isin value="US56185NGV47"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22805.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
        <title>Clark County School District, Series 2019A</title>
        <cusip>181059F76</cusip>
        <identifiers>
          <isin value="US181059F763"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117773.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Longview Independent School District</name>
        <lei>N/A</lei>
        <title>Longview Independent School District, Series 2025</title>
        <cusip>543264ZU2</cusip>
        <identifiers>
          <isin value="US543264ZU21"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11448.14000000</valUSD>
        <pctVal>0.080978749427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Orange FL Water Utility System Revenue</name>
        <lei>N/A</lei>
        <title>County of Orange, Series 2025</title>
        <cusip>684554FX1</cusip>
        <identifiers>
          <isin value="US684554FX15"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11616.66000000</valUSD>
        <pctVal>0.082170780522</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>City of Champaign IL</name>
        <lei>N/A</lei>
        <title>City of Champaign, Series 2019</title>
        <cusip>158375PV1</cusip>
        <identifiers>
          <isin value="US158375PV17"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35387.63000000</valUSD>
        <pctVal>0.250315424393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2023A</title>
        <cusip>34153QXF8</cusip>
        <identifiers>
          <isin value="US34153QXF89"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>46228.71000000</valUSD>
        <pctVal>0.327000117351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northern Arizona University</name>
        <lei>N/A</lei>
        <title>Northern Arizona University, Series 2025</title>
        <cusip>664755AK1</cusip>
        <identifiers>
          <isin value="US664755AK14"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28661.91000000</valUSD>
        <pctVal>0.202740849431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2026B</title>
        <cusip>93974FCN1</cusip>
        <identifiers>
          <isin value="US93974FCN15"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45837.28000000</valUSD>
        <pctVal>0.324231325924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>McGregor Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US580730MD82"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>Montgomery Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US614121VQ15"/>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US34153QUK02"/>
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        <valUSD>86995.18000000</valUSD>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>King County School District No. 405 Bellevue</name>
        <lei>N/A</lei>
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          <isin value="US495098D288"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin TX</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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          <isin value="US052397T483"/>
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        <valUSD>55243.98000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Allegan Public School District</name>
        <lei>N/A</lei>
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          <isin value="US017014NQ03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Livonia Public Schools</name>
        <lei>N/A</lei>
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          <isin value="US539243XE01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Huntsville AL</name>
        <lei>549300FQXH802SS93031</lei>
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          <isin value="US4470252A44"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Racine WI</name>
        <lei>N/A</lei>
        <title>County of Racine, Series 2025A</title>
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          <isin value="US749845M675"/>
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        <valUSD>120569.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Snohomish County Public Utility District No. 1 Water System Revenue</name>
        <lei>N/A</lei>
        <title>Snohomish County Public Utility District No. 1, Series 2019</title>
        <cusip>833105FP9</cusip>
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          <isin value="US833105FP95"/>
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        <balance>50000.00000000</balance>
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        <valUSD>53996.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chippewa Valley Schools</name>
        <lei>N/A</lei>
        <title>Chippewa Valley Schools, Series 2025</title>
        <cusip>170016L31</cusip>
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          <isin value="US170016L319"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Graford Independent School District</name>
        <lei>N/A</lei>
        <title>Graford Independent School District, Series 2024</title>
        <cusip>384298EV3</cusip>
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          <isin value="US384298EV32"/>
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        <balance>50000.00000000</balance>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Series 2023</title>
        <cusip>89657PNX7</cusip>
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          <isin value="US89657PNX77"/>
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        <balance>65000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Centerville Independent School District</name>
        <lei>N/A</lei>
        <title>Centerville Independent School District, Series 2023</title>
        <cusip>152285HH8</cusip>
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          <isin value="US152285HH82"/>
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        <balance>60000.00000000</balance>
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          <maturityDt>2032-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Richland County School District No. 2/SC</name>
        <lei>N/A</lei>
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        <cusip>763682Q87</cusip>
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          <isin value="US763682Q872"/>
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        <balance>60000.00000000</balance>
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          <maturityDt>2029-03-01</maturityDt>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Series 2024</title>
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          <isin value="US52882PFP80"/>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>City of Richland WA Electric Revenue</name>
        <lei>N/A</lei>
        <title>City of Richland, Series 2026</title>
        <cusip>764267CR9</cusip>
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          <isin value="US764267CR97"/>
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        <balance>80000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Peralta Community College District</name>
        <lei>254900VWMA3IHACOBO19</lei>
        <title>Peralta Community College District, Series 2025</title>
        <cusip>713575ZM3</cusip>
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          <isin value="US713575ZM32"/>
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        <balance>10000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Whitnall School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Whitehouse TX</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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      <invstOrSec>
        <name>County of Racine WI</name>
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          <isin value="US749845A522"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Port St Lucie FL</name>
        <lei>N/A</lei>
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          <isin value="US73536AEK97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Florida Tourism Oversight District</name>
        <lei>549300DLSKH6SZ96KV94</lei>
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          <isin value="US153480AG32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation</name>
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          <isin value="US34161BBM00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of North Charleston SC</name>
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          <isin value="US65857PEL13"/>
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        <curCd>USD</curCd>
        <valUSD>35195.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Racine WI</name>
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        <balance>55000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Kitsap WA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma City Water Utilities Trust</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>Grapevine-Colleyville Independent School District</name>
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          <isin value="US3886406J89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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        <name>Waukee Community School District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Putnam IN</name>
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          <maturityDt>2035-07-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>City of Lewiston ME</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Douglas County School District/GA</name>
        <lei>N/A</lei>
        <title>Douglas County School District, Series 2025</title>
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          <isin value="US259030RC03"/>
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        <balance>55000.00000000</balance>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2023A</title>
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        <balance>85000.00000000</balance>
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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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Somerset School District</name>
        <lei>N/A</lei>
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          <isin value="US835143FT09"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-04-01</maturityDt>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US64465QKD78"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21993.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rowlett TX</name>
        <lei>549300XN25SMDVQJM820</lei>
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          <isin value="US779699LT25"/>
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        <curCd>USD</curCd>
        <valUSD>50311.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Warsaw Reorganized School District No. R-IX</name>
        <lei>N/A</lei>
        <title>Warsaw Reorganized School District No. R-IX, Series 2025</title>
        <cusip>082797DG3</cusip>
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          <isin value="US082797DG38"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28388.41000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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        <cusip>454898YM3</cusip>
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          <isin value="US454898YM34"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17144.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Eastside Utility District of Hamilton &amp; Bradley Counties TN</name>
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        <title>Eastside Utility District of Hamilton &amp; Bradley Counties, Series 2024</title>
        <cusip>277807FH1</cusip>
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          <isin value="US277807FH13"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16571.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Tallahassee FL Utility System Revenue</name>
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          <isin value="US874461MN33"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82269.09000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Escambia County School Board</name>
        <lei>N/A</lei>
        <title>Escambia County School Board, Series 2023A</title>
        <cusip>296141DU5</cusip>
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          <isin value="US296141DU54"/>
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        <balance>80000.00000000</balance>
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        <valUSD>86464.86000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>El Paso Independent School District</name>
        <lei>N/A</lei>
        <title>El Paso Independent School District, Series 2020</title>
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          <isin value="US283770NM33"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101647.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clay County School Board</name>
        <lei>N/A</lei>
        <title>Clay County School Board, Series 2024A</title>
        <cusip>183253FK4</cusip>
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          <isin value="US183253FK41"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34034.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chamblee GA</name>
        <lei>N/A</lei>
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          <isin value="US158052AC41"/>
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        <balance>55000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <cusip>246381QT7</cusip>
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          <isin value="US246381QT72"/>
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        <balance>65000.00000000</balance>
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        <valUSD>70505.51000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2023B</title>
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          <isin value="US25476FB315"/>
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        <balance>155000.00000000</balance>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Village of Wheeling IL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lake County Community Consolidated School District No. 34 Antioch</name>
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          <isin value="US508516FZ94"/>
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      <invstOrSec>
        <name>Kentucky Association of Counties</name>
        <lei>N/A</lei>
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        <cusip>491197PK9</cusip>
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          <isin value="US491197PK94"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2021A</title>
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          <isin value="US34153QUP98"/>
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        <balance>65000.00000000</balance>
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        <valUSD>72188.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Water &amp; Sewer Authority</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
        <title>District of Columbia, Series 2026A</title>
        <cusip>254845WJ5</cusip>
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          <isin value="US254845WJ54"/>
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        <balance>35000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - University of Texas System</name>
        <lei>549300GZUEUTLKVGLF98</lei>
        <title>Permanent University Fund - University of Texas System, Series 2025A</title>
        <cusip>915130BY3</cusip>
        <identifiers>
          <isin value="US915130BY35"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17322.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2026A</title>
        <cusip>45506ERC9</cusip>
        <identifiers>
          <isin value="US45506ERC92"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40512.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2024A</title>
        <cusip>93972ADP8</cusip>
        <identifiers>
          <isin value="US93972ADP84"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170005.86000000</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2024C</title>
        <cusip>25476FJ41</cusip>
        <identifiers>
          <isin value="US25476FJ417"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40306.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2025A</title>
        <cusip>677523KR2</cusip>
        <identifiers>
          <isin value="US677523KR26"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17359.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Brownsville TX</name>
        <lei>N/A</lei>
        <title>City of Brownsville, Series 2025</title>
        <cusip>116405A50</cusip>
        <identifiers>
          <isin value="US116405A504"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11347.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2022A</title>
        <cusip>677523ET5</cusip>
        <identifiers>
          <isin value="US677523ET55"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60137.56000000</valUSD>
        <pctVal>0.425384770140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
        <title>State of Florida, Series 2025A</title>
        <cusip>343137WG6</cusip>
        <identifiers>
          <isin value="US343137WG63"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11554.83000000</valUSD>
        <pctVal>0.081733424228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>Adams &amp; Arapahoe Counties Joint School District 28J Aurora</name>
        <lei>N/A</lei>
        <title>Adams &amp; Arapahoe Counties Joint School District 28J, Series 2025</title>
        <cusip>0054824K7</cusip>
        <identifiers>
          <isin value="US0054824K70"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18071.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2025B</title>
        <cusip>34115PEW1</cusip>
        <identifiers>
          <isin value="US34115PEW14"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28898.62000000</valUSD>
        <pctVal>0.204415224463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Government of Nashville &amp; Davidson County TN</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
        <title>Metropolitan Government of Nashville &amp; Davidson County, Series 2026A</title>
        <cusip>592112YG5</cusip>
        <identifiers>
          <isin value="US592112YG54"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>34571.56000000</valUSD>
        <pctVal>0.244542929643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2024</title>
        <cusip>71884AN54</cusip>
        <identifiers>
          <isin value="US71884AN541"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75045.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kenosha WI</name>
        <lei>N/A</lei>
        <title>City of Kenosha, Series 2024A</title>
        <cusip>489819DC3</cusip>
        <identifiers>
          <isin value="US489819DC33"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15872.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pasadena TX</name>
        <lei>N/A</lei>
        <title>City of Pasadena, Series 2024</title>
        <cusip>702317EC8</cusip>
        <identifiers>
          <isin value="US702317EC84"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77735.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Cartersville GA Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Cartersville, Series 2026</title>
        <cusip>146501RF0</cusip>
        <identifiers>
          <isin value="US146501RF09"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11615.21000000</valUSD>
        <pctVal>0.082160523905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Davenport Community School District Infrastructure Sales Services &amp; Use Tax</name>
        <lei>N/A</lei>
        <title>Davenport Community School District Infrastructure Sales Services &amp; Use Tax, Series 2026</title>
        <cusip>23841QBW6</cusip>
        <identifiers>
          <isin value="US23841QBW69"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>73826.48000000</valUSD>
        <pctVal>0.522213741713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2026C</title>
        <cusip>93974FEV1</cusip>
        <identifiers>
          <isin value="US93974FEV13"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28816.81000000</valUSD>
        <pctVal>0.203836539062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Series 2025A</title>
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          <isin value="US682001NV02"/>
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        <curCd>USD</curCd>
        <valUSD>17285.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Tallahassee FL</name>
        <lei>549300MPY4HDPK8B1G15</lei>
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          <isin value="US874458MG45"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Baltimore MD</name>
        <lei>N/A</lei>
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          <isin value="US05914GLJ57"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FZM30"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Laredo TX</name>
        <lei>N/A</lei>
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        <cusip>516824PB9</cusip>
        <identifiers>
          <isin value="US516824PB90"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83995.29000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Series 2024A</title>
        <cusip>64711RMW3</cusip>
        <identifiers>
          <isin value="US64711RMW33"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117750.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Pleasant Prairie WI</name>
        <lei>N/A</lei>
        <title>Village of Pleasant Prairie, Series 2025B</title>
        <cusip>728534YD4</cusip>
        <identifiers>
          <isin value="US728534YD40"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26641.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bridge City Independent School District</name>
        <lei>N/A</lei>
        <title>Bridge City Independent School District, Series 2025</title>
        <cusip>108043WG1</cusip>
        <identifiers>
          <isin value="US108043WG14"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30170.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2024A</title>
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          <isin value="US34115PCF09"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62888.85000000</valUSD>
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        <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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2025</title>
        <cusip>246381UQ8</cusip>
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          <isin value="US246381UQ87"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28884.93000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grosse Ile Township School District/MI</name>
        <lei>N/A</lei>
        <title>Grosse Ile Township School District, Series 2025II</title>
        <cusip>398892KT5</cusip>
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          <isin value="US398892KT53"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11439.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2026A</title>
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          <isin value="US64465QUR54"/>
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        <balance>95000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>Maine Municipal Bond Bank, Series 2025B</title>
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          <isin value="US56045SCK15"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11613.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2024C</title>
        <cusip>25476FJ58</cusip>
        <identifiers>
          <isin value="US25476FJ581"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23185.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Tallahassee FL</name>
        <lei>549300MPY4HDPK8B1G15</lei>
        <title>City of Tallahassee, Series 2025</title>
        <cusip>874458MB5</cusip>
        <identifiers>
          <isin value="US874458MB57"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120614.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Glendale CA Electric Revenue</name>
        <lei>N/A</lei>
        <title>City of Glendale, Series 2024-2</title>
        <cusip>378406RB0</cusip>
        <identifiers>
          <isin value="US378406RB08"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63012.20000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Travis TX</name>
        <lei>549300HEC6MNL5465K30</lei>
        <title>County of Travis, Series 2025</title>
        <cusip>89454AAK7</cusip>
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          <isin value="US89454AAK79"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11473.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Idaho State Building Authority</name>
        <lei>549300XZ1VJYPPKQZU06</lei>
        <title>Idaho State Building Authority, Series 2025A</title>
        <cusip>451446AU2</cusip>
        <identifiers>
          <isin value="US451446AU27"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125065.73000000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>67759HQX5</cusip>
        <identifiers>
          <isin value="US67759HQX51"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17296.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Clark NV</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2025</title>
        <cusip>181000UW8</cusip>
        <identifiers>
          <isin value="US181000UW89"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23027.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>School District of Broward County/FL</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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          <isin value="US115067MQ02"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11503.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Stoughton WI Sewerage System Revenue</name>
        <lei>N/A</lei>
        <title>City of Stoughton, Series 2025A</title>
        <cusip>862340AJ5</cusip>
        <identifiers>
          <isin value="US862340AJ50"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30050.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Memphis TN Memphis Light Gas &amp; Water Division Gas Revenue</name>
        <lei>N/A</lei>
        <title>City of Memphis, Series 2017</title>
        <cusip>58616PBE7</cusip>
        <identifiers>
          <isin value="US58616PBE79"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30295.79000000</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>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Lubbock TX Water &amp; Wastewater System</name>
        <lei>N/A</lei>
        <title>City of Lubbock, Series 2021</title>
        <cusip>549233EM2</cusip>
        <identifiers>
          <isin value="US549233EM21"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10963.90000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lake City Area Schools</name>
        <lei>N/A</lei>
        <title>Lake City Area Schools, Series 2026</title>
        <cusip>508030FS7</cusip>
        <identifiers>
          <isin value="US508030FS74"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34120.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Polk School District</name>
        <lei>N/A</lei>
        <title>Polk County School District, Series 2022</title>
        <cusip>731486BX3</cusip>
        <identifiers>
          <isin value="US731486BX37"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62488.72000000</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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Memphis TN</name>
        <lei>254900N4APYJWTAF5J46</lei>
        <title>City of Memphis, Series 2021</title>
        <cusip>5861452B9</cusip>
        <identifiers>
          <isin value="US5861452B99"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27604.71000000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
        <lei>N/A</lei>
        <title>Las Vegas Convention &amp; Visitors Authority, Series 2023A</title>
        <cusip>51771FBS4</cusip>
        <identifiers>
          <isin value="US51771FBS48"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16527.63000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
        <lei>N/A</lei>
        <title>Dallas Independent School District, Series 2025B</title>
        <cusip>235308R88</cusip>
        <identifiers>
          <isin value="US235308R880"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62023.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
        <title>City of Baltimore, Series 2017B</title>
        <cusip>059231J43</cusip>
        <identifiers>
          <isin value="US059231J439"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Brownsville TX</name>
        <lei>N/A</lei>
        <title>City of Brownsville, Series 2023</title>
        <cusip>116405YL9</cusip>
        <identifiers>
          <isin value="US116405YL93"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82959.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Cottage Grove WI</name>
        <lei>N/A</lei>
        <title>Village of Cottage Grove, Series 2026A</title>
        <cusip>22169PHD0</cusip>
        <identifiers>
          <isin value="US22169PHD06"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112600.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greater Clark Building Corp.</name>
        <lei>N/A</lei>
        <title>Greater Clark Building Corp., Series 2025C</title>
        <cusip>39167GQG9</cusip>
        <identifiers>
          <isin value="US39167GQG90"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11352.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>Dallas Fort Worth International Airport, Series 2023B</title>
        <cusip>23503CCN5</cusip>
        <identifiers>
          <isin value="US23503CCN56"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131853.14000000</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>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ann Arbor School District</name>
        <lei>N/A</lei>
        <title>Ann Arbor School District, Series 2025</title>
        <cusip>035519ZC4</cusip>
        <identifiers>
          <isin value="US035519ZC49"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11514.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dansville Schools</name>
        <lei>N/A</lei>
        <title>Dansville Schools, Series 2026</title>
        <cusip>236388CK8</cusip>
        <identifiers>
          <isin value="US236388CK89"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67782.27000000</valUSD>
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        <name>County of Douglas NV</name>
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      <invstOrSec>
        <name>City of Tallahassee FL Energy System Revenue</name>
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      <invstOrSec>
        <name>City of Kansas City MO Water Revenue</name>
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          <maturityDt>2033-12-01</maturityDt>
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      <invstOrSec>
        <name>City of Memphis TN Sanitary Sewerage System Revenue</name>
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          <isin value="US586200TL18"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
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        <name>City of Independence MO</name>
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          <isin value="US453632JJ15"/>
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          <maturityDt>2034-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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          <isin value="US57586ES517"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Green Bay Area Public School District</name>
        <lei>N/A</lei>
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          <isin value="US392643WH17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Pasco WA Water &amp; Sewer Revenue</name>
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          <isin value="US702571SL54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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      <invstOrSec>
        <name>Summit County Resort Communities Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-15</maturityDt>
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        <name>Michigan State University</name>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>Orange County Convention Center/Orlando</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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        <name>State of Wisconsin</name>
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          <isin value="US97705MSX47"/>
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        <name>Milwaukee Area Technical College District</name>
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          <isin value="US602369MH05"/>
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        <name>New Mexico Finance Authority</name>
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        <name>County of St Johns FL</name>
        <lei>N/A</lei>
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        <name>City of Sun Prairie WI</name>
        <lei>N/A</lei>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-01-01</maturityDt>
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        <name>Lake County School District No. 112 North Shore</name>
        <lei>N/A</lei>
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          <isin value="US509076DB86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
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        <cusip>167560MS7</cusip>
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          <isin value="US167560MS78"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>State of Michigan Trunk Line Revenue</name>
        <lei>N/A</lei>
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          <isin value="US5946954B18"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Manatee FL</name>
        <lei>N/A</lei>
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          <isin value="US561852GU24"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16707.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Salt Lake City UT Public Utilities Revenue</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City, Series 2025C</title>
        <cusip>795604EE3</cusip>
        <identifiers>
          <isin value="US795604EE39"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23217.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of North Slope AK</name>
        <lei>N/A</lei>
        <title>Borough of North Slope, Series 2024B</title>
        <cusip>662523W39</cusip>
        <identifiers>
          <isin value="US662523W399"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104880.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2021B</title>
        <cusip>34153QVA1</cusip>
        <identifiers>
          <isin value="US34153QVA11"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38870.59000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark NV</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2021</title>
        <cusip>181000RV4</cusip>
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          <isin value="US181000RV44"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16571.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Palm Beach FL Airport System Revenue</name>
        <lei>N/A</lei>
        <title>County of Palm Beach, Series 2024A</title>
        <cusip>696499EN8</cusip>
        <identifiers>
          <isin value="US696499EN85"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34339.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heber Light &amp; Power Co.</name>
        <lei>N/A</lei>
        <title>Heber Light &amp; Power Co., Series 2026</title>
        <cusip>42249TEL9</cusip>
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          <isin value="US42249TEL98"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11499.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Charleston SC</name>
        <lei>N/A</lei>
        <title>County of Charleston, Series 2021B</title>
        <cusip>160069H78</cusip>
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          <isin value="US160069H789"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61510.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority, Series 2026B</title>
        <cusip>16772PFJ0</cusip>
        <identifiers>
          <isin value="US16772PFJ03"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17100.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp., Series 2020A</title>
        <cusip>79467BDM4</cusip>
        <identifiers>
          <isin value="US79467BDM46"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96411.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2023A</title>
        <cusip>641462SB3</cusip>
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          <isin value="US641462SB33"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62469.58000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Neenah Joint School District</name>
        <lei>N/A</lei>
        <title>Neenah Joint School District</title>
        <cusip>639905EW4</cusip>
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          <isin value="US639905EW41"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142303.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Kent WA</name>
        <lei>N/A</lei>
        <title>City of Kent, Series 2026</title>
        <cusip>490746YU2</cusip>
        <identifiers>
          <isin value="US490746YU24"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40399.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carmel Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>City of Carmel Redevelopment Authority, Series 2024B</title>
        <cusip>143293CC0</cusip>
        <identifiers>
          <isin value="US143293CC08"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88242.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Timpanogos Special Service District</name>
        <lei>N/A</lei>
        <title>Timpanogos Special Service District, Series 2024</title>
        <cusip>887440CU7</cusip>
        <identifiers>
          <isin value="US887440CU75"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60793.31000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Omaha NE</name>
        <lei>N/A</lei>
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          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Brown County Water Authority</name>
        <lei>N/A</lei>
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          <isin value="US152708DB65"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cape Coral FL</name>
        <lei>N/A</lei>
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          <isin value="US139365GZ73"/>
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        <valUSD>56473.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Madison Area Technical College/WI</name>
        <lei>N/A</lei>
        <title>Madison Area Technical College, Series 2023-24</title>
        <cusip>55844PZC5</cusip>
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          <isin value="US55844PZC57"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56121.05000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
        <lei>N/A</lei>
        <title>District of Columbia, Series 2019C</title>
        <cusip>25477GPW9</cusip>
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          <isin value="US25477GPW95"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75442.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <cusip>57582TCY6</cusip>
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          <isin value="US57582TCY64"/>
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        <curCd>USD</curCd>
        <valUSD>62637.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inland Lakes Schools</name>
        <lei>N/A</lei>
        <title>Inland Lakes Schools, Series 2024</title>
        <cusip>457380DS9</cusip>
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          <isin value="US457380DS98"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82571.03000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Cabarrus NC</name>
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          <isin value="US12677REC79"/>
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        <curCd>USD</curCd>
        <valUSD>28725.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lubbock TX</name>
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        <valUSD>28388.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Sedgwick KS</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series 2025B</title>
        <cusip>010268EB2</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Dutchess NY</name>
        <lei>N/A</lei>
        <title>County of Dutchess, Series 2024A</title>
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          <isin value="US267040KH55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
        <title>Las Vegas Valley Water District, Series 2021A</title>
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          <isin value="US517845LF85"/>
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        <balance>150000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Union NC</name>
        <lei>5493007ESG9QHLUW6165</lei>
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          <isin value="US9063956F04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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      <invstOrSec>
        <name>Linden Community School District</name>
        <lei>N/A</lei>
        <title>Linden Community School District, Series 2025III</title>
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      <invstOrSec>
        <name>Grand Strand Water &amp; Sewer Authority</name>
        <lei>549300I6U20IXQRXNX20</lei>
        <title>Grand Strand Water &amp; Sewer Authority, Series 2026</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Temple Independent School District/TX</name>
        <lei>N/A</lei>
        <title>Temple Independent School District, Series 2024</title>
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          <isin value="US880081TE42"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-02-01</maturityDt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2022D</title>
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        <balance>110000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kennewick WA Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
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          <isin value="US489746HS96"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Snohomish County Public Utility District No. 1 Electric System Revenue</name>
        <lei>N/A</lei>
        <title>Snohomish County Public Utility District No. 1, Series 2021A</title>
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          <isin value="US833102ZP45"/>
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        <curCd>USD</curCd>
        <valUSD>70666.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saline Area Schools</name>
        <lei>549300COVKKGR0VUE860</lei>
        <title>Saline Area Schools, Series II</title>
        <cusip>795200MC5</cusip>
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          <isin value="US795200MC54"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Jacksonville Transportation Authority</name>
        <lei>N/A</lei>
        <title>Jacksonville Transportation Authority, Series 2024</title>
        <cusip>469494BS6</cusip>
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          <isin value="US469494BS64"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67068.71000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Series 2025F</title>
        <cusip>76219MFL7</cusip>
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          <isin value="US76219MFL72"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11334.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Comanche Independent School District</name>
        <lei>N/A</lei>
        <title>Comanche Independent School District, Series 2024</title>
        <cusip>200057KG1</cusip>
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          <isin value="US200057KG16"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56913.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Series 2023B</title>
        <cusip>64711PNE6</cusip>
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          <isin value="US64711PNE69"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153424.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Telecommunication Open Infrastructure Agency</name>
        <lei>549300LCGT5UXUJ1LP77</lei>
        <title>Utah Telecommunication Open Infrastructure Agency, Series 2022</title>
        <cusip>91756SAK9</cusip>
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          <isin value="US91756SAK96"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83539.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <cusip>592112YC4</cusip>
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          <isin value="US592112YC41"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16496.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
        <title>Oklahoma Capitol Improvement Authority, Series 2019C</title>
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          <isin value="US679088JK11"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Redford Union School District No. 1</name>
        <lei>N/A</lei>
        <title>Redford Union School District No. 1, Series 2023II</title>
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          <isin value="US757402MK50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chippewa Valley Technical College District/WI</name>
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        <title>Chippewa Valley Technical College District, Series 2021A</title>
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        <balance>85000.00000000</balance>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Cook County Community Consolidated School District No. 65 Evanston</name>
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        <title>Cook County Community Consolidated School District No. 65, Series 2022</title>
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          <isin value="US213687PQ36"/>
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        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Series 2025B</title>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>Illinois State Toll Highway Authority, Series 2019C</title>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>Three Rivers Community Schools</name>
        <lei>N/A</lei>
        <title>Three Rivers Community Schools, Series 2023II</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wichita Falls Independent School District</name>
        <lei>N/A</lei>
        <title>Wichita Falls Independent School District, Series 2025</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-02-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Bothell WA</name>
        <lei>N/A</lei>
        <title>City of Bothell, Series 2024C</title>
        <cusip>101295JK0</cusip>
        <identifiers>
          <isin value="US101295JK07"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46042.46000000</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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tacoma Metropolitan Park District</name>
        <lei>N/A</lei>
        <title>Tacoma Metropolitan Park District, Series 2019</title>
        <cusip>592240VU6</cusip>
        <identifiers>
          <isin value="US592240VU62"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55295.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>King County School District No. 410 Snoqualmie Valley</name>
        <lei>N/A</lei>
        <title>King County School District No. 410, Series 2025</title>
        <cusip>495206RN6</cusip>
        <identifiers>
          <isin value="US495206RN65"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62320.84000000</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>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Seminole FL Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of Seminole, Series 2025A</title>
        <cusip>816705KT3</cusip>
        <identifiers>
          <isin value="US816705KT36"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17477.73000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Jacksonville FL</name>
        <lei>549300XQE0JVN9WV0J40</lei>
        <title>City of Jacksonville, Series 2026</title>
        <cusip>469495FA8</cusip>
        <identifiers>
          <isin value="US469495FA85"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>17359.32000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
        <title>Central Florida Expressway Authority, Series 2021</title>
        <cusip>153476GN0</cusip>
        <identifiers>
          <isin value="US153476GN09"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203331.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
        <lei>N/A</lei>
        <title>Las Vegas Convention &amp; Visitors Authority, Series 2026B</title>
        <cusip>517704HY1</cusip>
        <identifiers>
          <isin value="US517704HY13"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11446.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2026-1</title>
        <cusip>97705MX42</cusip>
        <identifiers>
          <isin value="US97705MX427"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11598.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>City &amp; County of Honolulu, Series 2023</title>
        <cusip>4387013F9</cusip>
        <identifiers>
          <isin value="US4387013F94"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68409.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Bell TX</name>
        <lei>N/A</lei>
        <title>County of Bell, Series 2026</title>
        <cusip>078023XE3</cusip>
        <identifiers>
          <isin value="US078023XE30"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34285.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
        <lei>N/A</lei>
        <title>Washington Metropolitan Area Transit Authority, Series 2023A</title>
        <cusip>93878YDC0</cusip>
        <identifiers>
          <isin value="US93878YDC03"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61184.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Series 2022</title>
        <cusip>606094DH0</cusip>
        <identifiers>
          <isin value="US606094DH09"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95177.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Tuscaloosa AL</name>
        <lei>N/A</lei>
        <title>City of Tuscaloosa, Series 2025B</title>
        <cusip>9005772P1</cusip>
        <identifiers>
          <isin value="US9005772P13"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22931.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2025D</title>
        <cusip>167591BW5</cusip>
        <identifiers>
          <isin value="US167591BW52"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40061.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>City &amp; County of Denver, Series 2022A</title>
        <cusip>249164RG1</cusip>
        <identifiers>
          <isin value="US249164RG16"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61306.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bishop Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>Bishop Consolidated Independent School District, Series 2025</title>
        <cusip>091482HK8</cusip>
        <identifiers>
          <isin value="US091482HK88"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17155.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2022BB</title>
        <cusip>64613CAZ1</cusip>
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          <isin value="US64613CAZ14"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>66034.19000000</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>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Oakland MI</name>
        <lei>549300ODIQ70W6TDGU58</lei>
        <title>County of Oakland, Series 2025</title>
        <cusip>6724115X9</cusip>
        <identifiers>
          <isin value="US6724115X91"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11541.73000000</valUSD>
        <pctVal>0.081640760999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Bettendorf IA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Memphis TN</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chandler AZ</name>
        <lei>N/A</lei>
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          <isin value="US158843ZR64"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wayne State University</name>
        <lei>549300GWQMQVAS66E613</lei>
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          <isin value="US946303F589"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Salt Lake City UT Public Utilities Revenue</name>
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          <isin value="US795604CW54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F4W77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Village of Glenview IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Gardner KS</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>County of Maui HI</name>
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        <name>Madison Area Technical College/WI</name>
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          <isin value="US55844PZB74"/>
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        <name>City of Waco TX</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>Chippewa Valley Technical College District/WI</name>
        <lei>N/A</lei>
        <title>Chippewa Valley Technical College District, Series 2026D</title>
        <cusip>170018YG4</cusip>
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          <isin value="US170018YG47"/>
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        <name>County of Martin TX</name>
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        <title>County of Martin, Series 2022</title>
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          <isin value="US573258CA68"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-11-01</maturityDt>
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      <invstOrSec>
        <name>Chippewa Valley Technical College District/WI</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>King County School District No. 410 Snoqualmie Valley</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Horry SC</name>
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          <couponKind>Fixed</couponKind>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Washington</name>
        <lei>T8YS5W0N70BYCTHPA429</lei>
        <title>University of Washington, Series 2024A</title>
        <cusip>91523NYG5</cusip>
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          <isin value="US91523NYG59"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45764.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Racine WI</name>
        <lei>N/A</lei>
        <title>County of Racine, Series 2024A</title>
        <cusip>749845H22</cusip>
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          <isin value="US749845H220"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157265.04000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State University</name>
        <lei>N/A</lei>
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          <isin value="US940094FQ33"/>
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        <name>City of Everett WA</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MSD Warren Township Vision 2005 School Building Corp.</name>
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          <isin value="US553543KR90"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-10</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Douglas County School District No. 17/NE</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>28686.40000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974FAL76"/>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Sachse TX</name>
        <lei>N/A</lei>
        <title>City of Sachse, Series 2024</title>
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          <isin value="US785751SL36"/>
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        <balance>60000.00000000</balance>
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        <valUSD>66564.59000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Abilene TX</name>
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        <valUSD>11452.82000000</valUSD>
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        <invCountry>US</invCountry>
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    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal Rein</ncom:signature>
      <ncom:signerName>Randal Rein</ncom:signerName>
      <ncom:title>Treasurer and PFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
