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      </invstOrSec>
      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REVENUE</title>
        <cusip>45506DNF8</cusip>
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          <isin value="US45506DNF86"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>599135.40000000</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>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>General Authority of Southcentral Pennsylvania</name>
        <lei>549300QBNU5LBV4QX812</lei>
        <title>SOUTHCENTRL PA GEN AUTH REVENUE</title>
        <cusip>84129NKY4</cusip>
        <identifiers>
          <isin value="US84129NKY49"/>
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        <balance>915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013783.40000000</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>2031-11-01</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>Saginaw Township Community School District</name>
        <lei>N/A</lei>
        <title>SAGINAW TWP MI CMNTY SCH DIST</title>
        <cusip>786854LE7</cusip>
        <identifiers>
          <isin value="US786854LE77"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>848377.50000000</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>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Higher Education Student Assistance Authority</name>
        <lei>5493007OOYUHTF8GSL63</lei>
        <title>NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE</title>
        <cusip>646080KF7</cusip>
        <identifiers>
          <isin value="US646080KF79"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>735404.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST &amp; PROVIDENCE PLANTATIONS LEASE COPS</title>
        <cusip>76222WNE7</cusip>
        <identifiers>
          <isin value="US76222WNE74"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>870002.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>MAINE HLTH &amp; HGR EDUCTNL FACS AUTH REVENUE</title>
        <cusip>56042RQT2</cusip>
        <identifiers>
          <isin value="US56042RQT22"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1155800.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
        <lei>5493003DXX0NRJKSH186</lei>
        <title>CONNECTICUT ST HSG FIN AUTH HSG FIN MTGE PROGRAM</title>
        <cusip>20775C8A5</cusip>
        <identifiers>
          <isin value="US20775C8A59"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767295.00000000</valUSD>
        <pctVal>0.181858039280</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</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>Wayne County Hospital &amp; Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY PA HOSP &amp; HLTH FACS AUTH CNTY GTD HOSP REVENUE</title>
        <cusip>946016JP8</cusip>
        <identifiers>
          <isin value="US946016JP81"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601920.80000000</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>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>MASSACHUSETTS ST HSG FIN AGY HSG REVENUE</title>
        <cusip>57587ADS4</cusip>
        <identifiers>
          <isin value="US57587ADS42"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298233.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Round Lake IL</name>
        <lei>N/A</lei>
        <title>ROUND LAKE IL</title>
        <cusip>779137JA7</cusip>
        <identifiers>
          <isin value="US779137JA79"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>847268.10000000</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>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE</title>
        <cusip>7092242L2</cusip>
        <identifiers>
          <isin value="US7092242L27"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543053.90000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.73000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>COLORADO ST HSG &amp; FIN AUTH</title>
        <cusip>196480FU6</cusip>
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          <isin value="US196480FU61"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508735.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.44000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE</title>
        <cusip>709224J83</cusip>
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          <isin value="US709224J834"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3626760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kendall Kane &amp; Will Counties Community Unit School District No 308</name>
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          <isin value="US488764WZ06"/>
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        <valUSD>1145760.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH REVENUE</title>
        <cusip>04052ADV5</cusip>
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          <isin value="US04052ADV52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Licking Heights Local School District</name>
        <lei>N/A</lei>
        <title>LICKING HEIGHTS OH LOCAL SCH DIST</title>
        <cusip>531677NU2</cusip>
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          <isin value="US531677NU21"/>
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        <balance>1115000.00000000</balance>
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        <valUSD>1372966.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp/NY</name>
        <lei>N/A</lei>
        <title>MONROE CNTY NY INDL DEV CORP REVENUE</title>
        <cusip>61075TJZ2</cusip>
        <identifiers>
          <isin value="US61075TJZ21"/>
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        <balance>500000.00000000</balance>
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        <valUSD>522950.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greeneville Health &amp; Educational Facilities Board</name>
        <lei>N/A</lei>
        <title>GREENEVILLE TN HLTH &amp; EDUCTNL FACS BRD HOSP REVENUE</title>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>City of El Paso TX</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>Iberia Parishwide School District</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Carmel Local Public Improvement Bond Bank</name>
        <lei>N/A</lei>
        <title>CARMEL IN LOCAL PUBLIC IMPT BOND BANK</title>
        <cusip>143287GJ3</cusip>
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          <isin value="US143287GJ39"/>
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        <curCd>USD</curCd>
        <valUSD>2017950.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST PROPERTY &amp; BLDGS COMMISSION REVENUES</title>
        <cusip>49151FVN7</cusip>
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          <isin value="US49151FVN76"/>
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        <curCd>USD</curCd>
        <valUSD>853470.00000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Winnebago IL</name>
        <lei>N/A</lei>
        <title>WINNEBAGO CNTY IL</title>
        <cusip>974450M39</cusip>
        <identifiers>
          <isin value="US974450M399"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900688.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Carolina University</name>
        <lei>N/A</lei>
        <title>WSTRN CAROLINA NC UNIV</title>
        <cusip>957897FV8</cusip>
        <identifiers>
          <isin value="US957897FV88"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>374017.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pima County Regional Transportation Authority</name>
        <lei>N/A</lei>
        <title>PIMA CNTY AZ REGL TRANSPRTN EXCISE TAX REVENUE</title>
        <cusip>72178RBG9</cusip>
        <identifiers>
          <isin value="US72178RBG92"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1082690.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</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>Shikellamy School District</name>
        <lei>549300ON6LIU6GE57M97</lei>
        <title>SHIKELLAMY PA SCH DIST</title>
        <cusip>824512RX7</cusip>
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          <isin value="US824512RX71"/>
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        <balance>1610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1604848.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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 Middletown OH</name>
        <lei>N/A</lei>
        <title>MIDDLETOWN OH</title>
        <cusip>597129DB8</cusip>
        <identifiers>
          <isin value="US597129DB88"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1305142.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>MASSACHUSETTS ST HSG FIN AGY HSG REVENUE</title>
        <cusip>57587ADT2</cusip>
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          <isin value="US57587ADT25"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307881.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Benton AR Municipal Light &amp; Water Works</name>
        <lei>N/A</lei>
        <title>BENTON AR PUBLIC UTILITY REVENUE</title>
        <cusip>082766LN4</cusip>
        <identifiers>
          <isin value="US082766LN44"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516310.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.28000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp</name>
        <lei>N/A</lei>
        <title>CLIFTON TX HGR EDU FIN CORP EDU REVENUE</title>
        <cusip>187145GV3</cusip>
        <identifiers>
          <isin value="US187145GV32"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2989175.00000000</valUSD>
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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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Luxemburg-Casco School District/Brown &amp; Kewaunee Counties WI</name>
        <lei>N/A</lei>
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        <cusip>550670GM9</cusip>
        <identifiers>
          <isin value="US550670GM92"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604654.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salt Lake City Corp Airport Revenue</name>
        <lei>N/A</lei>
        <title>SALT LAKE CITY UT ARPT REVENUE</title>
        <cusip>795576GM3</cusip>
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          <isin value="US795576GM31"/>
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        <balance>500000.00000000</balance>
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        <valUSD>568675.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jenison Public Schools</name>
        <lei>N/A</lei>
        <title>JENISON MI PUBLIC SCHS</title>
        <cusip>476034RC9</cusip>
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          <isin value="US476034RC90"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greater Clark Building Corp</name>
        <lei>N/A</lei>
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          <isin value="US39167GDZ19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-07-15</maturityDt>
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      <invstOrSec>
        <name>City of Tallahassee FL</name>
        <lei>549300MPY4HDPK8B1G15</lei>
        <title>TALLAHASSEE FL HLTH FACS REVENUE</title>
        <cusip>874485CX1</cusip>
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          <isin value="US874485CX19"/>
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        <balance>330000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Housing Finance Corp</name>
        <lei>549300W0PCIJCI0JCF10</lei>
        <title>FLORIDA ST HSG FIN CORP REVENUE</title>
        <cusip>34074MSX0</cusip>
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          <isin value="US34074MSX01"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>South Dakota Health &amp; Educational Facilities Authority</name>
        <lei>549300ZW6LKR8UI2C378</lei>
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        <valUSD>928290.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Winnebago IL</name>
        <lei>N/A</lei>
        <title>WINNEBAGO CNTY IL</title>
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        <name>Geary County Unified School District No 475</name>
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        <name>University of New Mexico/The</name>
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        <name>Michigan State Housing Development Authority</name>
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      <invstOrSec>
        <name>Village of Elk Grove Village IL</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1354468.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>St Tammany Parish Wide School District No 12</name>
        <lei>54930000M1C0CCV4SR31</lei>
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        <curCd>USD</curCd>
        <valUSD>1148530.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Valley State University</name>
        <lei>5493004492FRREYG5M95</lei>
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          <isin value="US386545KY29"/>
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        <curCd>USD</curCd>
        <valUSD>1508210.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Vermont Economic Development Authority</name>
        <lei>N/A</lei>
        <title>VERMONT ST ECON DEV AUTH</title>
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          <isin value="US924159BQ82"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020170.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>WASHINGTON ST HLTH CARE FACS AUTH</title>
        <cusip>93978HUV5</cusip>
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          <isin value="US93978HUV58"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182785.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Elyria OH</name>
        <lei>N/A</lei>
        <title>ELYRIA OH LIBRARY IMPT REVENUE</title>
        <cusip>290674AQ3</cusip>
        <identifiers>
          <isin value="US290674AQ36"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145160.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake Central Multi-District School Building Corp</name>
        <lei>N/A</lei>
        <title>LAKE CENTRAL IN MULTI-DIST SCH BLDG CORP</title>
        <cusip>507686QU0</cusip>
        <identifiers>
          <isin value="US507686QU01"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1140940.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>PORT SEATTLE WA SPL FAC REVENUE</title>
        <cusip>735397CM1</cusip>
        <identifiers>
          <isin value="US735397CM12"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935001.00000000</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>3.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST BLDG AUTH REVENUE</title>
        <cusip>594615FU5</cusip>
        <identifiers>
          <isin value="US594615FU57"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1405963.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
        <title>MASSACHUSETTS ST EDUCTNL FING AUTH</title>
        <cusip>57563RJZ3</cusip>
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          <isin value="US57563RJZ38"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>461515.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>DeKalb Kane &amp; LaSalle Counties Etc Community College District No 523 Kishwaukee</name>
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        <title>DEKALB/KANE/LA SALLE CNTYS IL CMNTY CLG DIST #523</title>
        <cusip>240853AW1</cusip>
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          <isin value="US240853AW10"/>
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        <curCd>USD</curCd>
        <valUSD>412788.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
        <title>MASSACHUSETTS ST EDUCTNL FING AUTH</title>
        <cusip>57563RHR3</cusip>
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          <isin value="US57563RHR30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
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        <name>City of Ventnor City NJ</name>
        <lei>N/A</lei>
        <title>VENTNOR CITY NJ</title>
        <cusip>922799RE3</cusip>
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        <balance>1530000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Grays Harbor County Public Utility District No 1</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>WASHINGTON ST</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2021-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REVENUE</title>
        <cusip>45506DJF3</cusip>
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          <isin value="US45506DJF33"/>
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        <balance>815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>866654.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH ST AGY FACS REVENUE</title>
        <cusip>040849DV0</cusip>
        <identifiers>
          <isin value="US040849DV01"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1126402.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>COLORADO ST HSG &amp; FIN AUTH</title>
        <cusip>196480FS1</cusip>
        <identifiers>
          <isin value="US196480FS16"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>304587.00000000</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>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.34000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Sutter Health</name>
        <lei>549300MJCC12LU768G81</lei>
        <title>Sutter Health</title>
        <cusip>86944BAD5</cusip>
        <identifiers>
          <isin value="US86944BAD55"/>
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        <balance>4700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5114656.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST PROPERTY &amp; BLDGS COMMISSION REVENUES</title>
        <cusip>49151FNL0</cusip>
        <identifiers>
          <isin value="US49151FNL03"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>453300.00000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Columbia Borough School District</name>
        <lei>N/A</lei>
        <title>COLUMBIA BORO PA SCH DIST</title>
        <cusip>197256NE6</cusip>
        <identifiers>
          <isin value="US197256NE61"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1915604.30000000</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>2023-02-15</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>West Virginia Higher Education Policy Commission</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST HGR EDU POLICY COMMISSION REVENUE</title>
        <cusip>95639RGJ2</cusip>
        <identifiers>
          <isin value="US95639RGJ23"/>
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        <balance>2065000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2419746.35000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>MAINE HLTH &amp; HGR EDUCTNL FACS AUTH REVENUE</title>
        <cusip>56042RQF2</cusip>
        <identifiers>
          <isin value="US56042RQF28"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1084870.00000000</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>2033-07-01</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>Quad Cities Regional Economic Development Authority</name>
        <lei>N/A</lei>
        <title>QUAD CITIES IL REGL ECON DEV AUTH REVENUE</title>
        <cusip>74731RAV3</cusip>
        <identifiers>
          <isin value="US74731RAV33"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>763447.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Florida Housing Finance Corp</name>
        <lei>549300W0PCIJCI0JCF10</lei>
        <title>FLORIDA ST HSG FIN CORP REVENUE</title>
        <cusip>34074MSZ5</cusip>
        <identifiers>
          <isin value="US34074MSZ58"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>971068.80000000</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>2.10000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oldham County School District Finance Corp</name>
        <lei>N/A</lei>
        <title>OLDHAM KY SCH DIST FIN CORP</title>
        <cusip>680454YC3</cusip>
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          <isin value="US680454YC32"/>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618222.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine State Housing Authority</name>
        <lei>549300SO05LH6D240016</lei>
        <title>MAINE ST HSG AUTH MTGE PURCHASE</title>
        <cusip>56052FNU5</cusip>
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          <isin value="US56052FNU56"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1314807.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rolling Meadows IL</name>
        <lei>N/A</lei>
        <title>ROLLING MEADOWS IL</title>
        <cusip>775694LP5</cusip>
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          <isin value="US775694LP55"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>641358.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE</title>
        <cusip>70879QET6</cusip>
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        <balance>795000.00000000</balance>
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        <valUSD>787996.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>2.10000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lawrence KS</name>
        <lei>5493004LLF0HG6XS2E46</lei>
        <title>LAWRENCE KS HOSP REVENUE</title>
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          <isin value="US520134FR34"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1585065.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Goodyear Community Facilities Utilities District No 1</name>
        <lei>N/A</lei>
        <title>GOODYEAR AZ CMNTY FACS UTILITIES DIST #1</title>
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          <isin value="US38251NFZ33"/>
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        <balance>880000.00000000</balance>
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        <valUSD>961540.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSION</title>
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          <isin value="US93978TTD18"/>
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        <balance>775000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rolling Meadows IL</name>
        <lei>N/A</lei>
        <title>ROLLING MEADOWS IL</title>
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          <isin value="US775694LL42"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574791.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>040849DZ1</cusip>
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          <isin value="US040849DZ15"/>
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        <curCd>USD</curCd>
        <valUSD>1121750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
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        <cusip>59465MV93</cusip>
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          <isin value="US59465MV931"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>510490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.82000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Butler County Hospital Authority</name>
        <lei>N/A</lei>
        <title>BUTLER CNTY PA HOSP AUTH</title>
        <cusip>123592DJ3</cusip>
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          <isin value="US123592DJ34"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567235.00000000</valUSD>
        <pctVal>0.134441440269</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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        <cusip>01179RVB6</cusip>
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          <isin value="US01179RVB67"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1173120.00000000</valUSD>
        <pctVal>0.278043390144</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina TX</name>
        <lei>N/A</lei>
        <title>CELINA TX</title>
        <cusip>151141SV1</cusip>
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          <isin value="US151141SV12"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1152911.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Katy Independent School District</name>
        <lei>N/A</lei>
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        <cusip>486063QN3</cusip>
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          <isin value="US486063QN34"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>352155.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wilson School District</name>
        <lei>N/A</lei>
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        <cusip>972369QN5</cusip>
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          <isin value="US972369QN59"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>742527.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Wichita Falls TX</name>
        <lei>549300NTFETNSK7HXG80</lei>
        <title>WICHITA FALLS TX</title>
        <cusip>967120E69</cusip>
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          <isin value="US967120E691"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>841110.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Geary County Unified School District No 475</name>
        <lei>N/A</lei>
        <title>GEARY CNTY KS UNIF SCH DIST #475</title>
        <cusip>368347BW9</cusip>
        <identifiers>
          <isin value="US368347BW95"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>763189.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YORK PA YOR 11/26 FIXED 5</name>
        <lei>N/A</lei>
        <title>City of York PA</title>
        <cusip>986812SG1</cusip>
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          <isin value="US986812SG18"/>
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        <balance>1640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1837833.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
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        <cusip>196480FQ5</cusip>
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          <isin value="US196480FQ59"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251752.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.13000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kent State University</name>
        <lei>549300HL3HX54032AG28</lei>
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        <cusip>490728B35</cusip>
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          <isin value="US490728B354"/>
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        <balance>1295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1323114.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Community College District Public Facility Corp</name>
        <lei>N/A</lei>
        <title>AUSTIN TX CMNTY CLG DIST PUBLIC FAC CORP LEASE REVENUE</title>
        <cusip>052405FC6</cusip>
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          <isin value="US052405FC60"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>562005.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
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        <cusip>196480FX0</cusip>
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          <isin value="US196480FX01"/>
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        <balance>575000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>2.59000000</annualizedRt>
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      <invstOrSec>
        <name>State Public School Building Authority</name>
        <lei>5493006JN0UR7OGWTO86</lei>
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        <cusip>85732MK22</cusip>
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          <isin value="US85732MK224"/>
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        <balance>1065000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Jackson MO</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rolling Meadows IL</name>
        <lei>N/A</lei>
        <title>ROLLING MEADOWS IL</title>
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          <isin value="US775694LK68"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>553741.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Union City NJ</name>
        <lei>N/A</lei>
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        <name>Arlington Higher Education Finance Corp</name>
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        <name>Tennessee Housing Development Agency</name>
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        <name>Maine Governmental Facilities Authority</name>
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        <name>Cook County School District No 111 Burbank</name>
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        <name>Scago Educational Facilities Corp for Colleton School District</name>
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        <name>Oldham County School District Finance Corp</name>
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        <name>Carmel Local Public Improvement Bond Bank</name>
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        <name>State of Mississippi</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>Colorado Housing &amp; Finance Authority</name>
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        <name>Massachusetts Housing Finance Agency</name>
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          <maturityDt>2020-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of St Joseph IN</name>
        <lei>N/A</lei>
        <title>SAINT JOSEPH CNTY IN ECON DEV REVENUE</title>
        <cusip>790608ER0</cusip>
        <identifiers>
          <isin value="US790608ER07"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1712670.00000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Millbrook AL</name>
        <lei>N/A</lei>
        <title>MILLBROOK AL</title>
        <cusip>600149LV8</cusip>
        <identifiers>
          <isin value="US600149LV82"/>
        </identifiers>
        <balance>1625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1911715.00000000</valUSD>
        <pctVal>0.453099188139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grand Traverse County Hospital Finance Authority</name>
        <lei>N/A</lei>
        <title>GRAND TRAVERSE CNTY MI HOSP FIN AUTH</title>
        <cusip>386523HK3</cusip>
        <identifiers>
          <isin value="US386523HK34"/>
        </identifiers>
        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>447932.60000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>McAllister Academic Village LLC</name>
        <lei>N/A</lei>
        <title>MCALLISTER ACADEMIC VLG LLC AZ REVENUE</title>
        <cusip>579173CB9</cusip>
        <identifiers>
          <isin value="US579173CB90"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1205350.00000000</valUSD>
        <pctVal>0.285682283407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REVENUE</title>
        <cusip>45506DNK7</cusip>
        <identifiers>
          <isin value="US45506DNK71"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>660132.00000000</valUSD>
        <pctVal>0.156459133952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Benton AR Municipal Light &amp; Water Works</name>
        <lei>N/A</lei>
        <title>BENTON AR PUBLIC UTILITY REVENUE</title>
        <cusip>082766LP9</cusip>
        <identifiers>
          <isin value="US082766LP91"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256077.50000000</valUSD>
        <pctVal>0.060693412642</pctVal>
        <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>2.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE</title>
        <cusip>7092242H1</cusip>
        <identifiers>
          <isin value="US7092242H15"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409228.00000000</valUSD>
        <pctVal>0.096991902330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.53000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FINGAUTH GOVTL LEASE REVENUE</title>
        <cusip>70869HAX3</cusip>
        <identifiers>
          <isin value="US70869HAX35"/>
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        <balance>1550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1523898.00000000</valUSD>
        <pctVal>0.361181947417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.13000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Paso County Community College District</name>
        <lei>N/A</lei>
        <title>EL PASO CNTY TX CMNTY CLG DIST</title>
        <cusip>283506KZ5</cusip>
        <identifiers>
          <isin value="US283506KZ57"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2212020.00000000</valUSD>
        <pctVal>0.524275044213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</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>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>COLORADO ST HSG &amp; FIN AUTH</title>
        <cusip>196480FW2</cusip>
        <identifiers>
          <isin value="US196480FW28"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>636768.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.54000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Seminole County School Board</name>
        <lei>N/A</lei>
        <title>SEMINOLE CNTY FL SCH BRD COPS</title>
        <cusip>816692LL9</cusip>
        <identifiers>
          <isin value="US816692LL95"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>539660.00000000</valUSD>
        <pctVal>0.127905837361</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>National Park College District</name>
        <lei>N/A</lei>
        <title>NATIONAL PARK AR CMNTY CLG DIST</title>
        <cusip>637109BJ7</cusip>
        <identifiers>
          <isin value="US637109BJ72"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>717968.85000000</valUSD>
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        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Ventnor City NJ</name>
        <lei>N/A</lei>
        <title>VENTNOR CITY NJ</title>
        <cusip>922799RJ2</cusip>
        <identifiers>
          <isin value="US922799RJ26"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>825265.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kalamazoo Public Schools</name>
        <lei>N/A</lei>
        <title>KALAMAZOO MI PUBLIC SCHS</title>
        <cusip>483270HM9</cusip>
        <identifiers>
          <isin value="US483270HM99"/>
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        <balance>2370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2712749.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Luxemburg-Casco School District/Brown &amp; Kewaunee Counties WI</name>
        <lei>N/A</lei>
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        <cusip>550670GK3</cusip>
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          <isin value="US550670GK37"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>596518.00000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kane County Forest Preserve District</name>
        <lei>N/A</lei>
        <title>KANE CNTY IL FOREST PRESERVE DIST</title>
        <cusip>483862NA2</cusip>
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          <isin value="US483862NA24"/>
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        <balance>1695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1824820.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST &amp; PROVIDENCE PLANTATIONS LEASE COPS</title>
        <cusip>76222WND9</cusip>
        <identifiers>
          <isin value="US76222WND91"/>
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        <balance>1685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2079104.65000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Middlesex NJ</name>
        <lei>N/A</lei>
        <title>MIDDLESEX CNTY NJ COPS</title>
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          <isin value="US596562JW91"/>
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        <curCd>USD</curCd>
        <valUSD>582775.00000000</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>2027-06-15</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>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE</title>
        <cusip>7092242G3</cusip>
        <identifiers>
          <isin value="US7092242G32"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340135.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.36000000</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>Iberia Parishwide School District</name>
        <lei>N/A</lei>
        <title>IBERIA PARISH LA PARISHWIDE SCH DIST</title>
        <cusip>450812G48</cusip>
        <identifiers>
          <isin value="US450812G486"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>657329.70000000</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>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rhode Island Health &amp; Educational Building Corp</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST HLTH &amp; EDUCTNL BLDG CORP HGR EDU FAC REVENUE</title>
        <cusip>762197QK0</cusip>
        <identifiers>
          <isin value="US762197QK06"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>990527.00000000</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>2021-06-01</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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      </invstOrSec>
      <invstOrSec>
        <name>Plum Boro Municipal Authority Sewer Revenue</name>
        <lei>N/A</lei>
        <title>PLUM BORO PA MUNI AUTH SWR REVENUE</title>
        <cusip>72919RHK8</cusip>
        <identifiers>
          <isin value="US72919RHK86"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1292370.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Ventnor City NJ</name>
        <lei>N/A</lei>
        <title>VENTNOR CITY NJ</title>
        <cusip>922799RD5</cusip>
        <identifiers>
          <isin value="US922799RD55"/>
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        <balance>1470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1579544.40000000</valUSD>
        <pctVal>0.374370805935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE</title>
        <cusip>92428CLW2</cusip>
        <identifiers>
          <isin value="US92428CLW28"/>
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        <balance>780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>902795.40000000</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Miami Valley Career Technology Center</name>
        <lei>N/A</lei>
        <title>MIAMI VLY CAREER TECH CENTER OH</title>
        <cusip>593842CJ4</cusip>
        <identifiers>
          <isin value="US593842CJ45"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>817640.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>LOUISIANA ST PUBLIC FACS AUTHREVENUE</title>
        <cusip>5463983A4</cusip>
        <identifiers>
          <isin value="US5463983A44"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>887360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</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>Oldham County School District Finance Corp</name>
        <lei>N/A</lei>
        <title>OLDHAM KY SCH DIST FIN CORP</title>
        <cusip>680454YE9</cusip>
        <identifiers>
          <isin value="US680454YE97"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>671018.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</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>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE</title>
        <cusip>594654BB0</cusip>
        <identifiers>
          <isin value="US594654BB07"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1854720.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/29 FIXED 2.15</name>
        <lei>549300SO05LH6D240016</lei>
        <title>Maine State Housing Authority</title>
        <cusip>56052FQJ7</cusip>
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          <isin value="US56052FQJ74"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>845065.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Ventnor City NJ</name>
        <lei>N/A</lei>
        <title>VENTNOR CITY NJ</title>
        <cusip>922799RH6</cusip>
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          <isin value="US922799RH69"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>OHIO ST HGR EDUCTNL FAC COMMISSION</title>
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          <isin value="US67756DDK90"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northwest Community Schools</name>
        <lei>N/A</lei>
        <title>N W MI CMNTY SCHS</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST &amp; PROVIDENCE PLANTATIONS LEASE COPS</title>
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          <isin value="US76222WNC19"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Middletown OH</name>
        <lei>N/A</lei>
        <title>MIDDLETOWN OH</title>
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          <isin value="US597129CZ65"/>
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        <balance>1095000.00000000</balance>
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        <valUSD>1247029.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>CONNECTICUT ST HLTH &amp; EDUCTNL FACS AUTH REV</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Alaska</name>
        <lei>549300HX0P0XT4OEJZ25</lei>
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        <cusip>914046K71</cusip>
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          <isin value="US914046K715"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521190.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST &amp; PROVIDENCE PLANTATIONS LEASE COPS</title>
        <cusip>76222WNF4</cusip>
        <identifiers>
          <isin value="US76222WNF40"/>
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        <curCd>USD</curCd>
        <valUSD>1116582.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE</title>
        <cusip>92428CLU6</cusip>
        <identifiers>
          <isin value="US92428CLU61"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448680.00000000</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>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Housing Finance Corp</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
        <title>ALASKA ST HSG FIN CORP</title>
        <cusip>011839NR4</cusip>
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          <isin value="US011839NR40"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1184520.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Evansville Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>EVANSVILLE IN REDEV AUTH</title>
        <cusip>299398BK2</cusip>
        <identifiers>
          <isin value="US299398BK29"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682681.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
        <title>NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE</title>
        <cusip>658207UX1</cusip>
        <identifiers>
          <isin value="US658207UX11"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1296600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>COLORADO ST HSG &amp; FIN AUTH</title>
        <cusip>196480FP7</cusip>
        <identifiers>
          <isin value="US196480FP76"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281358.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.08000000</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>Public Power Generation Agency</name>
        <lei>N/A</lei>
        <title>PUBLIC PWR GENERATION AGY NE REVENUE</title>
        <cusip>744434DF5</cusip>
        <identifiers>
          <isin value="US744434DF58"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1922200.00000000</valUSD>
        <pctVal>0.455584257821</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</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>Vermont Student Assistance Corp</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE</title>
        <cusip>92428CHY3</cusip>
        <identifiers>
          <isin value="US92428CHY30"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410984.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Carolina University</name>
        <lei>N/A</lei>
        <title>WSTRN CAROLINA NC UNIV</title>
        <cusip>957897FS5</cusip>
        <identifiers>
          <isin value="US957897FS59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200176.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
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        <cusip>59465MY90</cusip>
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          <isin value="US59465MY901"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408252.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.15000000</annualizedRt>
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        <name>FORT SMITH AR WTR   SWR REVENU FTSUTL 10/31 FIXED 5</name>
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        <cusip>348815PH8</cusip>
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          <isin value="US348815PH85"/>
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      <invstOrSec>
        <name>County of Broward FL Port Facilities Revenue</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FL PORT FACS REVENUE</title>
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          <isin value="US11506KEB35"/>
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        <name>Iberia Parishwide School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Maryland Water Quality Financing Administration Revolving Loan Fund</name>
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        <title>MARYLAND ST WTR QUALITY FING ADMIN BAY RESTORATION FUND REVE</title>
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        <name>Plainfield High School Building Corp</name>
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        <name>County of Winnebago IL</name>
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      <invstOrSec>
        <name>Scott County Unified School District No 466 Scott City</name>
        <lei>N/A</lei>
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        <cusip>809510EB2</cusip>
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          <isin value="US809510EB26"/>
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        <curCd>USD</curCd>
        <valUSD>1187154.15000000</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>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <cusip>60416S3K4</cusip>
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          <isin value="US60416S3K43"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>396824.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
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        <cusip>92428CLV4</cusip>
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          <isin value="US92428CLV45"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456000.00000000</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>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Benton AR Municipal Light &amp; Water Works</name>
        <lei>N/A</lei>
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        <cusip>082766LK0</cusip>
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          <isin value="US082766LK05"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382466.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake County School Board</name>
        <lei>N/A</lei>
        <title>LAKE CNTY FL SCH BRD COPS</title>
        <cusip>50825JKH8</cusip>
        <identifiers>
          <isin value="US50825JKH85"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>802125.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</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>Cherokee County Water &amp; Sewer Authority/GA</name>
        <lei>N/A</lei>
        <title>CHEROKEE CNTY GA WTR &amp; SWR AUTH</title>
        <cusip>164243HS9</cusip>
        <identifiers>
          <isin value="US164243HS93"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48192.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI ST DEV BANK SPL OBLG</title>
        <cusip>60534WRF7</cusip>
        <identifiers>
          <isin value="US60534WRF76"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>478864.00000000</valUSD>
        <pctVal>0.113496462406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Portage Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>PORTAGE IN REDEV AUTH LEASE RENT REVENUE</title>
        <cusip>73572PAP4</cusip>
        <identifiers>
          <isin value="US73572PAP45"/>
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        <balance>1665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1814117.40000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Clair County Township High School District No 203 O'Fallon</name>
        <lei>N/A</lei>
        <title>SAINT CLAIR CNTY IL HIGH SCH DIST #203 O'FALLON</title>
        <cusip>788618JK3</cusip>
        <identifiers>
          <isin value="US788618JK35"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>911501.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45203HN40</cusip>
        <identifiers>
          <isin value="US45203HN401"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>565175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine State Housing Authority</name>
        <lei>549300SO05LH6D240016</lei>
        <title>MAINE ST HSG AUTH MTGE PURCHASE</title>
        <cusip>56052FNV3</cusip>
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          <isin value="US56052FNV30"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>845963.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sarpy County Hospital Authority No 1</name>
        <lei>N/A</lei>
        <title>SARPY CNTY NE HOSP AUTH #1 HLTH FACS REVENUE</title>
        <cusip>80372PAU0</cusip>
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          <isin value="US80372PAU03"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33619.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Greene MO</name>
        <lei>N/A</lei>
        <title>GREENE CNTY MO</title>
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          <isin value="US39448MAZ23"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Dakota Housing Development Authority</name>
        <lei>549300G853EK61667C18</lei>
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          <isin value="US83756CLE39"/>
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        <curCd>USD</curCd>
        <valUSD>597035.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>2.70000000</annualizedRt>
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        <name>Miami Valley Career Technology Center</name>
        <lei>N/A</lei>
        <title>MIAMI VLY CAREER TECH CENTER OH</title>
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          <isin value="US593842CM73"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Champaign County Community Unit School District No 4 Champaign</name>
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          <isin value="US158249LP54"/>
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        <valUSD>742562.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Benton AR Municipal Light &amp; Water Works</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-09-01</maturityDt>
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          <annualizedRt>2.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Peoria IL</name>
        <lei>N/A</lei>
        <title>PEORIA IL</title>
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        <balance>1205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1297158.40000000</valUSD>
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        <name>Eastern Pulaski Multi-School Building Corp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Wayne County Hospital &amp; Health Facilities Authority</name>
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          <isin value="US946016JM50"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Portland ME General Airport Revenue</name>
        <lei>N/A</lei>
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          <isin value="US736564DR37"/>
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        <curCd>USD</curCd>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vinton-Tecumseh School Building Corp</name>
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          <isin value="US927557MS47"/>
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        <curCd>USD</curCd>
        <valUSD>759018.75000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware Valley Regional Finance Authority</name>
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          <isin value="US246579KY16"/>
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        <curCd>USD</curCd>
        <valUSD>2679369.00000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Owensboro KY</name>
        <lei>N/A</lei>
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          <isin value="US690887MD31"/>
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        <curCd>USD</curCd>
        <valUSD>1331928.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Middlesex NJ</name>
        <lei>N/A</lei>
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          <isin value="US596562JX74"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>583565.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mahoning County Career &amp; Technical Center Board of Education</name>
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          <isin value="US56005LDE74"/>
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        <curCd>USD</curCd>
        <valUSD>545060.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Upland IN</name>
        <lei>N/A</lei>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>903357.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Oldham County School District Finance Corp</name>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-05-01</maturityDt>
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      <invstOrSec>
        <name>Mattawan Consolidated School District/MI</name>
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      <invstOrSec>
        <name>City of Portland ME General Airport Revenue</name>
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        <name>City of Kyle TX</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
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          <isin value="US041806RG78"/>
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        <name>City of Wichita Falls TX</name>
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      <invstOrSec>
        <name>Mahoning County Career &amp; Technical Center Board of Education</name>
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      <invstOrSec>
        <name>Licking Heights Local School District</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Connecticut State Higher Education Supplement Loan Authority</name>
        <lei>N/A</lei>
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        <cusip>207743QQ1</cusip>
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          <isin value="US207743QQ13"/>
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        <curCd>USD</curCd>
        <valUSD>765712.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware County Authority</name>
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          <isin value="US246008MT04"/>
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        <curCd>USD</curCd>
        <valUSD>1258600.00000000</valUSD>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
        <lei>5493003DXX0NRJKSH186</lei>
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          <isin value="US20775C7Y45"/>
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        <curCd>USD</curCd>
        <valUSD>330221.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
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          <annualizedRt>1.86000000</annualizedRt>
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      <invstOrSec>
        <name>Brandywine Heights Area School District</name>
        <lei>N/A</lei>
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          <isin value="US105352JE97"/>
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        <curCd>USD</curCd>
        <valUSD>1957263.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Middlesex NJ</name>
        <lei>N/A</lei>
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          <isin value="US596562JY57"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881767.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
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          <isin value="US60534WRC46"/>
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        <curCd>USD</curCd>
        <valUSD>366672.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kenowa Hills Public Schools</name>
        <lei>N/A</lei>
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          <isin value="US489890MT76"/>
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        <valUSD>1155710.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
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          <isin value="US196480FT98"/>
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        <curCd>USD</curCd>
        <valUSD>355463.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>2.39000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade County Educational Facilities Authority</name>
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        <name>Colorado State Board for Community Colleges &amp; Occupational Educational System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Housing &amp; Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>2.18000000</annualizedRt>
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        <name>Yuma Municipal Property Corp</name>
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          <isin value="US98851UAL17"/>
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        <name>State of Louisiana</name>
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        <name>Greeneville Health &amp; Educational Facilities Board</name>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
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        <name>Du Page &amp; Will Counties Community School District No 204 Indian Prairie</name>
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        <name>Will County Community Unit School District No 365 Valley View</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Wichita KS</name>
        <lei>549300Y20JVN3VP2V718</lei>
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        <cusip>967323AS5</cusip>
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          <isin value="US967323AS57"/>
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        <curCd>USD</curCd>
        <valUSD>1160180.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Hoffman Estates IL</name>
        <lei>N/A</lei>
        <title>HOFFMAN ESTATES IL</title>
        <cusip>434452KM9</cusip>
        <identifiers>
          <isin value="US434452KM97"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1317816.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Broward FL Airport System Revenue</name>
        <lei>N/A</lei>
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        <cusip>114894YM4</cusip>
        <identifiers>
          <isin value="US114894YM46"/>
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        <balance>2755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3163318.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Las Cruces NM Joint Utility Revenue</name>
        <lei>N/A</lei>
        <title>LAS CRUCES NM JT UTILITY REVENUE</title>
        <cusip>517496HF5</cusip>
        <identifiers>
          <isin value="US517496HF59"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>952898.05000000</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>2029-06-01</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>Florida Housing Finance Corp</name>
        <lei>549300W0PCIJCI0JCF10</lei>
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        <cusip>34074MSY8</cusip>
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          <isin value="US34074MSY83"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>933898.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.05000000</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>St Clair County Township High School District No 203 O'Fallon</name>
        <lei>N/A</lei>
        <title>SAINT CLAIR CNTY IL HIGH SCH DIST #203 O'FALLON</title>
        <cusip>788618JM9</cusip>
        <identifiers>
          <isin value="US788618JM90"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>816599.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westfield High School Building Corp</name>
        <lei>N/A</lei>
        <title>WESTFIELD IN HIGH SCH 1995 BLDG CORP</title>
        <cusip>96009AEA0</cusip>
        <identifiers>
          <isin value="US96009AEA07"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1180970.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
        <title>ALASKA ST MUNI BOND BANK AUTH</title>
        <cusip>01179RVE0</cusip>
        <identifiers>
          <isin value="US01179RVE07"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1204300.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>646136TL5</cusip>
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          <isin value="US646136TL50"/>
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        <curCd>USD</curCd>
        <valUSD>1074669.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FINGAUTH GOVTL LEASE REVENUE</title>
        <cusip>70869HAW5</cusip>
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          <isin value="US70869HAW51"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1233175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.08000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
        <lei>N/A</lei>
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        <cusip>041806DJ6</cusip>
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          <isin value="US041806DJ63"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>851193.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vermont Student Assistance Corp</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE</title>
        <cusip>92428CLT9</cusip>
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          <isin value="US92428CLT98"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>330459.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wilson School District</name>
        <lei>N/A</lei>
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        <valUSD>963790.80000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI ST DEV BANK SPL OBLG</title>
        <cusip>60534WRE0</cusip>
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          <isin value="US60534WRE02"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603015.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>El Paso Independent School District Public Facility Corp</name>
        <lei>N/A</lei>
        <title>EL PASO TX INDEP SCH DIST PUBLIC FAC CORP LEASE</title>
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          <isin value="US283771AR40"/>
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        <invCountry>US</invCountry>
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        <name>Jackson College/MI</name>
        <lei>N/A</lei>
        <title>JACKSON CLG MI</title>
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        <balance>940000.00000000</balance>
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        <valUSD>1004531.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH LTD OBLIG REVENUE</title>
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        <balance>1590000.00000000</balance>
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        <valUSD>1638479.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2036-12-01</maturityDt>
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      <invstOrSec>
        <name>Grand Valley State University</name>
        <lei>5493004492FRREYG5M95</lei>
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      <invstOrSec>
        <name>Indiana State University</name>
        <lei>5493004D3AY6L1VGGU46</lei>
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          <maturityDt>2025-04-01</maturityDt>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
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          <maturityDt>2025-05-15</maturityDt>
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      <invstOrSec>
        <name>City of Las Cruces NM Joint Utility Revenue</name>
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          <isin value="US517496HG33"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>560910.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westfield High School Building Corp</name>
        <lei>N/A</lei>
        <title>WESTFIELD IN HIGH SCH 1995 BLDG CORP</title>
        <cusip>96009AEB8</cusip>
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          <isin value="US96009AEB89"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>884640.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>McGregor Independent School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
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        <cusip>679088HK3</cusip>
        <identifiers>
          <isin value="US679088HK39"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2207360.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kendall Kane &amp; Will Counties Community Unit School District No 308</name>
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        <title>KENDALL KANE &amp; WILL CNTYS IL CMNTY UNIT SCH DIST #308</title>
        <cusip>488764WY3</cusip>
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          <isin value="US488764WY31"/>
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      <invstOrSec>
        <name>Pima County Regional Transportation Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut State Higher Education Supplement Loan Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>Cook County Township High School District No 208 Riverside-Brookfield</name>
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        <name>Comstock Park Public Schools</name>
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        <name>Wilkes-Barre Finance Authority</name>
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        <name>State Street Global Advisors</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>DuPage &amp; Cook Counties Community Consolidated School District No 181 Hinsdale</name>
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        <name>Miami Valley Career Technology Center</name>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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          <maturityDt>2022-05-15</maturityDt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Development Authority for Fulton County</name>
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          <isin value="US3599006Y83"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Housing &amp; Finance Authority</name>
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          <isin value="US196480FN29"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-01</maturityDt>
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          <annualizedRt>2.03000000</annualizedRt>
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      <invstOrSec>
        <name>Salisbury Township School District</name>
        <lei>N/A</lei>
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          <isin value="US795424PD68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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          <isin value="US01179RLD34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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          <isin value="US67756DDJ28"/>
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        <valUSD>1109810.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Butler County Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US123592DK07"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509076.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Community College District Public Facility Corp</name>
        <lei>N/A</lei>
        <title>AUSTIN TX CMNTY CLG DIST PUBLIC FAC CORP LEASE REVENUE</title>
        <cusip>052405FB8</cusip>
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          <isin value="US052405FB87"/>
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        <balance>745000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>National Park College District</name>
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          <maturityDt>2036-03-01</maturityDt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Cook County School District No 63 East Maine</name>
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        <name>Grand Traverse County Hospital Finance Authority</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
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        <name>Arlington Higher Education Finance Corp</name>
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        <name>Brandywine Heights Area School District</name>
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        <name>Oldham County School District Finance Corp</name>
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      <invstOrSec>
        <name>New York City Housing Development Corp</name>
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      <invstOrSec>
        <name>Portland Public Schools/MI</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Millbrook AL</name>
        <lei>N/A</lei>
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          <isin value="US600149LW65"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Akron OH</name>
        <lei>N/A</lei>
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          <isin value="US010033R422"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633480.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Shikellamy School District</name>
        <lei>549300ON6LIU6GE57M97</lei>
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          <isin value="US824512RW98"/>
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        <balance>1945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1949434.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Alaska</name>
        <lei>549300HX0P0XT4OEJZ25</lei>
        <title>UNIV OF ALASKA AK REVENUES</title>
        <cusip>914046XW2</cusip>
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          <isin value="US914046XW29"/>
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        <curCd>USD</curCd>
        <valUSD>2102582.50000000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>MISSISSIPPI ST DEV BANK SPL OBLG</title>
        <cusip>60534WRD2</cusip>
        <identifiers>
          <isin value="US60534WRD29"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484916.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corona-Norco Unified School District</name>
        <lei>N/A</lei>
        <title>CORONA-NORCO CA UNIF SCH DIST</title>
        <cusip>219764MC8</cusip>
        <identifiers>
          <isin value="US219764MC87"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522301.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chelan County Public Utility District No 1</name>
        <lei>5493004E8FN9GU2SU067</lei>
        <title>CHELAN CNTY WA PUBLIC UTILITYDIST #1</title>
        <cusip>163103UP7</cusip>
        <identifiers>
          <isin value="US163103UP74"/>
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        <balance>2205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2205000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH REVENUE</title>
        <cusip>04052ADU7</cusip>
        <identifiers>
          <isin value="US04052ADU79"/>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2060305.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vinton-Tecumseh School Building Corp</name>
        <lei>N/A</lei>
        <title>VINTON-TECUMSEH IN SCH BLDG CORP</title>
        <cusip>927557MU9</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>600355.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Countryside IL</name>
        <lei>N/A</lei>
        <title>COUNTRYSIDE IL</title>
        <cusip>222367DU5</cusip>
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          <isin value="US222367DU57"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>530020.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado School of Mines</name>
        <lei>549300TQMFMDZTM5HY46</lei>
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        <cusip>19658QFE2</cusip>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
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        <name>MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/31 FIXED 2.35</name>
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          <maturityDt>2031-11-15</maturityDt>
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      <invstOrSec>
        <name>Western Carolina University</name>
        <lei>N/A</lei>
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          <isin value="US957897FU06"/>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
        <lei>5493003DXX0NRJKSH186</lei>
        <title>CONNECTICUT ST HSG FIN AUTH HSG FIN MTGE PROGRAM</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
        <lei>N/A</lei>
        <title>MIAMI-DADE CNTY FL AVIATION REVENUE</title>
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          <isin value="US59333PY367"/>
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        <balance>760000.00000000</balance>
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        <name>Lake County Community Consolidated School District No 46 Grayslake</name>
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        <name>Washtenaw Community College</name>
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          <maturityDt>2025-04-01</maturityDt>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45506DNH43"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-02-01</maturityDt>
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        <name>Village of Elk Grove Village IL</name>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>Leflore County Public Facility Authority</name>
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          <maturityDt>2030-12-01</maturityDt>
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          <maturityDt>2024-01-01</maturityDt>
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        <name>Connecticut Housing Finance Authority</name>
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        <name>Mahoning County Career &amp; Technical Center Board of Education</name>
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        <name>Tennessee Housing Development Agency</name>
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        <name>Joplin Industrial Development Authority</name>
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        <name>Scott County Unified School District No 466 Scott City</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>City of Rolling Meadows IL</name>
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      <invstOrSec>
        <name>Western Carolina University</name>
        <lei>N/A</lei>
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          <isin value="US957897FT33"/>
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        <name>St Clair County Township High School District No 203 O'Fallon</name>
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          <maturityDt>2024-12-01</maturityDt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
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          <isin value="US60534WXY91"/>
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          <maturityDt>2034-03-01</maturityDt>
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        <name>Peters Township School District Washington County</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lake County Community Consolidated School District No 73 Hawthorn</name>
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          <isin value="US508759KS50"/>
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        <valUSD>2709602.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
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          <isin value="US041806NR79"/>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>Barren County School District Finance Corp</name>
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        <name>Grand Traverse County Hospital Finance Authority</name>
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        <name>Mississippi Development Bank</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Iowa State University of Science &amp; Technology</name>
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      <invstOrSec>
        <name>Western Carolina University</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509664.00000000</valUSD>
        <pctVal>0.120796428664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
        <lei>549300QWDXL46XQC8110</lei>
        <title>KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG</title>
        <cusip>48504NAP4</cusip>
        <identifiers>
          <isin value="US48504NAP42"/>
        </identifiers>
        <balance>1155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1341440.10000000</valUSD>
        <pctVal>0.317937255421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Broward FL Port Facilities Revenue</name>
        <lei>N/A</lei>
        <title>BROWARD CNTY FL PORT FACS REVENUE</title>
        <cusip>11506KFQ9</cusip>
        <identifiers>
          <isin value="US11506KFQ94"/>
        </identifiers>
        <balance>870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>984335.40000000</valUSD>
        <pctVal>0.233299195014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH ST AGY FACS REVENUE</title>
        <cusip>040849DY4</cusip>
        <identifiers>
          <isin value="US040849DY40"/>
        </identifiers>
        <balance>1095000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1233835.05000000</valUSD>
        <pctVal>0.292433578986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Laurens County School District No 055</name>
        <lei>N/A</lei>
        <title>LAURENS CNTY SC SCH DIST #55 INSTALLMENT PURCHASE REVENUE</title>
        <cusip>519093AP3</cusip>
        <identifiers>
          <isin value="US519093AP32"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1140850.00000000</valUSD>
        <pctVal>0.270395016406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scranton School District/PA</name>
        <lei>549300SDNGI3OKNOUW62</lei>
        <title>SCRANTON PA SCH DIST</title>
        <cusip>810827XE0</cusip>
        <identifiers>
          <isin value="US810827XE00"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1187840.00000000</valUSD>
        <pctVal>0.281532205187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wilkes-Barre Finance Authority</name>
        <lei>N/A</lei>
        <title>WILKES-BARRE PA FIN AUTH REVENUE</title>
        <cusip>968254BM3</cusip>
        <identifiers>
          <isin value="US968254BM38"/>
        </identifiers>
        <balance>2205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2178584.10000000</valUSD>
        <pctVal>0.516350338310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>RHODE ISLAND ST &amp; PROVIDENCE PLANTATIONS LEASE COPS</title>
        <cusip>76222WLW9</cusip>
        <identifiers>
          <isin value="US76222WLW90"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1215080.00000000</valUSD>
        <pctVal>0.287988409111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Passaic NJ</name>
        <lei>N/A</lei>
        <title>PASSAIC CNTY NJ</title>
        <cusip>7027248W8</cusip>
        <identifiers>
          <isin value="US7027248W81"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36258.60000000</valUSD>
        <pctVal>0.008593719368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Town of Jupiter FL</name>
        <lei>N/A</lei>
        <title>JUPITER FL</title>
        <cusip>48205NAS0</cusip>
        <identifiers>
          <isin value="US48205NAS09"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36035.30000000</valUSD>
        <pctVal>0.008540794613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>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>
