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        <name>Missouri State Board of Public Buildings</name>
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          <isin value="US606341JG13"/>
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        <valUSD>880184.00000000</valUSD>
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      <invstOrSec>
        <name>Manteca Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
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          <isin value="US60636UFF12"/>
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          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
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          <isin value="US950732YC58"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Maine Governmental Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US56041MSQ86"/>
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        <curCd>USD</curCd>
        <valUSD>2988031.20000000</valUSD>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Arnold MO</name>
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          <isin value="US042597DC53"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>622227.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valley Park Fire Protection District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>552225.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Northwest Missouri State University</name>
        <lei>N/A</lei>
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          <isin value="US667598GE02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
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          <isin value="US60637BPU88"/>
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        <valUSD>475082.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>St Louis County Special School District</name>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>St Charles County School District No R-IV Wentzville</name>
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        <name>Missouri Development Finance Board</name>
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        <name>Missouri Public Utilities Commission</name>
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        <name>Cape Girardeau County School District No R-2</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>MISSOURI ST HLTH &amp; EDUCTNL FACS AUTH HLTH FACS REVENUE</title>
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        <name>Platte County R-III School District Building Corp</name>
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        <name>Greene County Reorganized School District No R-2 Willard</name>
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        <name>St Louis Junior College District Building Corp/MO</name>
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        <name>Liberty Public School District No 53</name>
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        <name>Missouri State University Auxiliary Enterprise</name>
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        <name>Missouri Housing Development Commission</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jackson County Public Building Corp</name>
        <lei>N/A</lei>
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          <isin value="US46737EEL20"/>
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        <curCd>USD</curCd>
        <valUSD>356050.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637AHR68"/>
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        <curCd>USD</curCd>
        <valUSD>2737200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rolla MO</name>
        <lei>N/A</lei>
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          <isin value="US775545BF27"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231077.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis County Library District</name>
        <lei>N/A</lei>
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          <isin value="US79152QAN25"/>
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        <balance>1930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2073456.90000000</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>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Springfield MO</name>
        <lei>N/A</lei>
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          <isin value="US851039GF81"/>
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        <balance>1405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1512623.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>Missouri State Board of Public Buildings</name>
        <lei>N/A</lei>
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        <cusip>606341KQ7</cusip>
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          <isin value="US606341KQ75"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648950.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Arnold MO</name>
        <lei>N/A</lei>
        <title>ARNOLD MO COPS</title>
        <cusip>042597DA9</cusip>
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          <isin value="US042597DA97"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>732752.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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 St Louis MO Airport Revenue</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO ARPT REVENUE</title>
        <cusip>791638VG1</cusip>
        <identifiers>
          <isin value="US791638VG19"/>
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        <balance>2135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2591569.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Springfield MO</name>
        <lei>N/A</lei>
        <title>SPRINGFIELD MO SPL OBLG</title>
        <cusip>851039KJ5</cusip>
        <identifiers>
          <isin value="US851039KJ57"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>525370.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kendall Kane &amp; Will Counties Community Unit School District No 308</name>
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          <isin value="US488764WR89"/>
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        <curCd>USD</curCd>
        <valUSD>2136880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Liberty Public School District No 53</name>
        <lei>N/A</lei>
        <title>LIBERTY MO PUBLIC SCH DIST #53 LEASE PARTICIPATION CTFS</title>
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          <isin value="US530757BP76"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531095.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kansas City MO</name>
        <lei>549300EGAE3I3XU7XE19</lei>
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          <isin value="US484873KS22"/>
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        <balance>5425000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Truman State University</name>
        <lei>N/A</lei>
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          <isin value="US89802PDT12"/>
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          <maturityDt>2021-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Liberty Public School District No 53</name>
        <lei>N/A</lei>
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          <isin value="US530757BJ17"/>
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          <maturityDt>2028-04-01</maturityDt>
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      <invstOrSec>
        <name>Valley Park Fire Protection District</name>
        <lei>N/A</lei>
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        <name>Liberty Public School District No 53</name>
        <lei>N/A</lei>
        <title>CLAY CNTY MO PUBLIC SCH DIST #53 LIBERTY</title>
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          <maturityDt>2034-03-01</maturityDt>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US480639CE13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
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          <annualizedRt>2.32000000</annualizedRt>
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      <invstOrSec>
        <name>Jefferson County School District No R-VI Festus</name>
        <lei>N/A</lei>
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        <cusip>31560CBH2</cusip>
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          <isin value="US31560CBH25"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>868035.00000000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>University City School District/MO</name>
        <lei>N/A</lei>
        <title>UNIV CITY MO SCH DIST</title>
        <cusip>914148JN2</cusip>
        <identifiers>
          <isin value="US914148JN25"/>
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        <balance>1760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2024246.40000000</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>2026-02-15</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>Kansas City Industrial Development Authority</name>
        <lei>549300QWDXL46XQC8110</lei>
        <title>KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG</title>
        <cusip>48504NAR0</cusip>
        <identifiers>
          <isin value="US48504NAR08"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1621641.60000000</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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Kansas City MO</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>KANSAS CITY MO SPL OBLG</title>
        <cusip>485106RW0</cusip>
        <identifiers>
          <isin value="US485106RW09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1218980.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Springfield MO</name>
        <lei>N/A</lei>
        <title>SPRINGFIELD MO SPL OBLG</title>
        <cusip>851039GT8</cusip>
        <identifiers>
          <isin value="US851039GT85"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1427766.00000000</valUSD>
        <pctVal>0.392300781196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE</title>
        <cusip>606092GS7</cusip>
        <identifiers>
          <isin value="US606092GS70"/>
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        <balance>640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>743379.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
        <lei>N/A</lei>
        <title>WENTZVILLE R-IV SCH DIST MO LEASE COPS</title>
        <cusip>95073BDG9</cusip>
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          <isin value="US95073BDG95"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1939122.00000000</valUSD>
        <pctVal>0.532803747558</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>St Louis School District</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO SPL ADMIN BRD OF THE TRANSITIONAL SCH DIST</title>
        <cusip>791697CW3</cusip>
        <identifiers>
          <isin value="US791697CW36"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3167490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Springfield MO</name>
        <lei>N/A</lei>
        <title>SPRINGFIELD MO SPL OBLG</title>
        <cusip>851039FN2</cusip>
        <identifiers>
          <isin value="US851039FN25"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935480.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Valley Park Fire Protection District</name>
        <lei>N/A</lei>
        <title>VLY PARK MO FIRE PROT DIST</title>
        <cusip>920053BM6</cusip>
        <identifiers>
          <isin value="US920053BM65"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>647840.40000000</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>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Unified School District/Yolo County CA</name>
        <lei>N/A</lei>
        <title>WASHINGTON CA UNIF SCH DIST YOLO CNTY</title>
        <cusip>937411FE1</cusip>
        <identifiers>
          <isin value="US937411FE13"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1966080.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Convention Center/Orlando</name>
        <lei>N/A</lei>
        <title>ORANGE CNTY FL TOURIST DEV TAX</title>
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          <isin value="US684545ZK59"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2196640.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
        <lei>N/A</lei>
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          <isin value="US950732YY78"/>
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        <balance>3200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3657760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri State Board of Public Buildings</name>
        <lei>N/A</lei>
        <title>MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG</title>
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          <isin value="US606341DT97"/>
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        <valUSD>1837428.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis Community College District</name>
        <lei>N/A</lei>
        <title>ST LOUIS CMNTY CLG DIST ST LOUIS CNTY MO COPS</title>
        <cusip>85234LAP7</cusip>
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          <isin value="US85234LAP76"/>
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        <balance>2515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2771555.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE</title>
        <cusip>606092GE8</cusip>
        <identifiers>
          <isin value="US606092GE84"/>
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        <balance>3115000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
        <lei>N/A</lei>
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          <isin value="US60635EGG52"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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      <invstOrSec>
        <name>Republic School District No R-3</name>
        <lei>N/A</lei>
        <title>GREENE CNTY MO REORG SCH DIST#R-3 REPUBLIC</title>
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          <isin value="US394532JU09"/>
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        <balance>985000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Center School District No 58/MO</name>
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      <invstOrSec>
        <name>St Louis County Library District</name>
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        <name>Ozark Reorg School District No R-6/MO</name>
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        <name>Cole County Reorganized School District No 2</name>
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        <name>Maplewood-Richmond Heights School District</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Jackson County School District No R-IV Blue Springs</name>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Webster County School District No R-1 Marshfield</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Burbank Unified School District</name>
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          <isin value="US12082SAZ74"/>
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        <curCd>USD</curCd>
        <valUSD>1737320.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Arnold MO</name>
        <lei>N/A</lei>
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          <isin value="US042597DB70"/>
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        <curCd>USD</curCd>
        <valUSD>931177.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kansas City MO</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>KANSAS CITY MO SPL OBLG</title>
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          <isin value="US485106LK25"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>762105.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Truman State University</name>
        <lei>N/A</lei>
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        <cusip>89802PFL6</cusip>
        <identifiers>
          <isin value="US89802PFL67"/>
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        <balance>865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>901433.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Brentwood MO</name>
        <lei>N/A</lei>
        <title>BRENTWOOD MO COPS</title>
        <cusip>107304DW4</cusip>
        <identifiers>
          <isin value="US107304DW47"/>
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        <balance>1655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1814740.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jackson County Reorganized School District No 7/MO</name>
        <lei>549300HKYX7HMV5CWZ34</lei>
        <title>JACKSON CNTY MO REORG SCH DIST #7 LEES SUMMIT</title>
        <cusip>467520WZ1</cusip>
        <identifiers>
          <isin value="US467520WZ13"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>671825.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan St Louis Sewer District</name>
        <lei>N/A</lei>
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        <cusip>592481LM5</cusip>
        <identifiers>
          <isin value="US592481LM54"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3135990.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.51000000</annualizedRt>
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      <invstOrSec>
        <name>Platte County R-III School District Building Corp</name>
        <lei>N/A</lei>
        <title>PLATTE CNTY MO #R-III SCH DIST BLDG CORP LEASEHOLD REVENUE</title>
        <cusip>72771LBT5</cusip>
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          <isin value="US72771LBT52"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1052320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
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          <isin value="US60637BPA25"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493969.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>St Louis School District</name>
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          <isin value="US791697EK79"/>
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      <invstOrSec>
        <name>Liberty Public School District No 53</name>
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          <isin value="US530757BQ59"/>
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        <name>Independence School District/MO</name>
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      <invstOrSec>
        <name>Metropolitan St Louis Sewer District</name>
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        <name>Cape Girardeau County School District No R-2</name>
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      <invstOrSec>
        <name>St Louis County School District C-2 Parkway</name>
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      <invstOrSec>
        <name>City of Brentwood MO</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware County Authority</name>
        <lei>N/A</lei>
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          <isin value="US246008MS21"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Joseph Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>79076RBT9</cusip>
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          <isin value="US79076RBT95"/>
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        <curCd>USD</curCd>
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          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Jackson MO</name>
        <lei>N/A</lei>
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          <isin value="US467578FK12"/>
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        <curCd>USD</curCd>
        <valUSD>934830.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-12-01</maturityDt>
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          <annualizedRt>3.85000000</annualizedRt>
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      <invstOrSec>
        <name>County of Jackson MO</name>
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          <isin value="US467578JY79"/>
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        <curCd>USD</curCd>
        <valUSD>1632204.45000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis Municipal Finance Corp</name>
        <lei>549300CR13DAYKUKQN03</lei>
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        <cusip>79165NBD5</cusip>
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          <isin value="US79165NBD57"/>
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        <curCd>USD</curCd>
        <valUSD>1136320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Springfield MO</name>
        <lei>N/A</lei>
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        <cusip>851039DQ7</cusip>
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          <isin value="US851039DQ73"/>
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        <balance>1340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1442349.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Development Finance Board</name>
        <lei>549300JD8BCNBV9D3830</lei>
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        <cusip>606033AH1</cusip>
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          <isin value="US606033AH14"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1095340.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis Municipal Finance Corp</name>
        <lei>549300CR13DAYKUKQN03</lei>
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        <cusip>79165TSH5</cusip>
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          <isin value="US79165TSH58"/>
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        <balance>1390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1662648.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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        <cusip>658877FC4</cusip>
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          <isin value="US658877FC48"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508538.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15000000</annualizedRt>
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      <invstOrSec>
        <name>Nixa Public Schools</name>
        <lei>N/A</lei>
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          <isin value="US654811CN61"/>
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        <balance>800000.00000000</balance>
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        <valUSD>904520.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>JOPLIN MO INDL DEV AUTH HLTH FACS REVENUE</title>
        <cusip>480639CK7</cusip>
        <identifiers>
          <isin value="US480639CK72"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>848652.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.89000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Platte County R-III School District Building Corp</name>
        <lei>N/A</lei>
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        <cusip>72771LBY4</cusip>
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          <isin value="US72771LBY48"/>
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        <balance>550000.00000000</balance>
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        <valUSD>578000.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis Community College District</name>
        <lei>N/A</lei>
        <title>ST LOUIS CMNTY CLG DIST ST LOUIS CNTY MO COPS</title>
        <cusip>85234LAM4</cusip>
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          <isin value="US85234LAM46"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>480639CD3</cusip>
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          <isin value="US480639CD30"/>
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        <balance>480000.00000000</balance>
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          <maturityDt>2023-02-15</maturityDt>
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        <name>City of St Charles MO</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.65000000</annualizedRt>
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        <name>City of St Charles MO</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Arnold MO</name>
        <lei>N/A</lei>
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          <isin value="US042597CZ57"/>
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        <balance>760000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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        <cusip>658877GF6</cusip>
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          <isin value="US658877GF69"/>
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        <balance>2310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2384220.30000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE</title>
        <cusip>60637BUW8</cusip>
        <identifiers>
          <isin value="US60637BUW89"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549567.10000000</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>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>MISSOURI ST HSG DEV COMMISSION MF HSG REVENUE</title>
        <cusip>60636YEL1</cusip>
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          <isin value="US60636YEL11"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>507960.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fenton Fire Protection District</name>
        <lei>N/A</lei>
        <title>FENTON MO FIRE PROT DIST</title>
        <cusip>314588AN4</cusip>
        <identifiers>
          <isin value="US314588AN40"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1342872.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</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>
      <invstOrSec>
        <name>St Louis Junior College District Building Corp/MO</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO JNR CLG DIST BLDG CORP</title>
        <cusip>791650GH1</cusip>
        <identifiers>
          <isin value="US791650GH10"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>824968.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE</title>
        <cusip>60637BCG3</cusip>
        <identifiers>
          <isin value="US60637BCG32"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190546.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>St Louis Junior College District Building Corp/MO</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO JNR CLG DIST BLDG CORP</title>
        <cusip>791650GG3</cusip>
        <identifiers>
          <isin value="US791650GG37"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>830168.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Illinois Housing Development Authority</name>
        <lei>54930053Z6M9JVHBQZ16</lei>
        <title>ILLINOIS ST HSG DEV AUTH REVENUE</title>
        <cusip>45201YM79</cusip>
        <identifiers>
          <isin value="US45201YM790"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3093570.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.90000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cape Girardeau County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>CAPE GIRARDEAU CNTY MO INDL DEV AUTH</title>
        <cusip>139404FC6</cusip>
        <identifiers>
          <isin value="US139404FC66"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>793410.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of St Louis MO Airport Revenue</name>
        <lei>N/A</lei>
        <title>SAINT LOUIS MO ARPT REVENUE</title>
        <cusip>791638L56</cusip>
        <identifiers>
          <isin value="US791638L566"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1177270.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jackson County Reorganized School District No 7/MO</name>
        <lei>549300HKYX7HMV5CWZ34</lei>
        <title>JACKSON CNTY MO REORG SCH DIST #7 COPS</title>
        <cusip>467511BH3</cusip>
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          <isin value="US467511BH37"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549975.00000000</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>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <cusip>45204EMD7</cusip>
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          <isin value="US45204EMD75"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2262575.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jefferson City School District/MO</name>
        <lei>N/A</lei>
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          <isin value="US472538KC06"/>
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        <balance>15000.00000000</balance>
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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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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>County of Jackson MO</name>
        <lei>N/A</lei>
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          <isin value="US467578GE43"/>
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          <maturityDt>2023-12-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Maplewood-Richmond Heights School District</name>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Independence School District/MO</name>
        <lei>N/A</lei>
        <title>INDEPENDENCE MO SCH DIST LEASE COPS</title>
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          <isin value="US45372SCL51"/>
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        <balance>875000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwest Missouri State University</name>
        <lei>N/A</lei>
        <title>N W MISSOURI ST UNIV</title>
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        <name>Valley Park Fire Protection District</name>
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      <invstOrSec>
        <name>Southern Platte Fire Protection District/MO</name>
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        <name>Liberty Public School District No 53</name>
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        <name>Dickson County Public Building Commission</name>
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        <name>Independence School District/MO</name>
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      <invstOrSec>
        <name>Fenton Fire Protection District</name>
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          <isin value="US314588AM66"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Carmel Local Public Improvement Bond Bank</name>
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          <isin value="US143287GK02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Ozark Reorg School District No R-6/MO</name>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
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        <name>Independence School District/MO</name>
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          <maturityDt>2026-04-01</maturityDt>
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        <name>Duckett Creek Sewer District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Independence School District/MO</name>
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          <isin value="US45372SCK78"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>Valley Park Fire Protection District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nixa Public Schools</name>
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        <name>Joplin Industrial Development Authority</name>
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        <name>Stone County Reorganized School District No 4 Reeds Spring</name>
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        <name>Ozark Reorg School District No R-6/MO</name>
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        <name>St Louis Municipal Finance Corp</name>
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        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
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        <name>County of Jackson MO</name>
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        <name>Hazelwood School District</name>
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      <invstOrSec>
        <name>City of Springfield MO</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>St Louis School District</name>
        <lei>N/A</lei>
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          <isin value="US791697DQ58"/>
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        <curCd>USD</curCd>
        <valUSD>1372579.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri State Board of Public Buildings</name>
        <lei>N/A</lei>
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          <isin value="US606341DN28"/>
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        <curCd>USD</curCd>
        <valUSD>2491527.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rolla MO</name>
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          <isin value="US775545BL94"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418220.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Joplin Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US480639CF87"/>
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        <curCd>USD</curCd>
        <valUSD>511750.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.38000000</annualizedRt>
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      <invstOrSec>
        <name>Jefferson County School District No R-VI Festus</name>
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          <isin value="US31560CBK53"/>
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        <curCd>USD</curCd>
        <valUSD>1038811.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Liberty Public School District No 53</name>
        <lei>N/A</lei>
        <title>CLAY CNTY MO PUBLIC SCH DIST #53 LIBERTY</title>
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          <isin value="US18347AJU60"/>
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        <curCd>USD</curCd>
        <valUSD>1098100.00000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60636AQH94"/>
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        <valUSD>865048.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Charles County School District No R-IV Wentzville</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Greene MO</name>
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          <isin value="US39448MBN83"/>
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        <invCountry>US</invCountry>
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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 Grain Valley MO</name>
        <lei>5493003WMMIQ8V9ALU55</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-01</maturityDt>
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        <name>City of Brentwood MO</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>St Louis School District</name>
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        <name>City of Kansas City MO Sanitary Sewer System Revenue</name>
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          <isin value="US48507TFS78"/>
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        <name>Jackson County Reorganized School District No 7/MO</name>
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        <name>County of Jackson MO</name>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-05-14</ncom:dateSigned>
      <ncom:nameOfApplicant>COMMERCE FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Bill Schuetter</ncom:signature>
      <ncom:signerName>Bill Schuetter</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
