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        <name>Jefferson County Unified School District No 343 Perry</name>
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        <name>Kansas Development Finance Authority</name>
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        <name>Sabine-Neches Navigation District</name>
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          <maturityDt>2039-02-15</maturityDt>
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        <name>State of Kansas Department of Transportation</name>
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      <invstOrSec>
        <name>Missouri Development Finance Board</name>
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        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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      <invstOrSec>
        <name>Atchison County Unified School District No 409</name>
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      <invstOrSec>
        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>Blue Valley Recreation Commission</name>
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        <name>Arkansas City Public Building Commission</name>
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        <name>Wyandotte County Unified School District No 203 Piper</name>
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        <name>University of Kansas Hospital Authority</name>
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        <name>Blue Valley Recreation Commission</name>
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      <invstOrSec>
        <name>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
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        <name>Carmel Local Public Improvement Bond Bank</name>
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        <name>Butler County Unified School District No 385 Andover</name>
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        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>Miami County Unified School District No 416 Louisburg</name>
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        <name>Arkansas City Public Building Commission</name>
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        <name>Sabine-Neches Navigation District</name>
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        <name>Butler County Unified School District No 402 Augusta</name>
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      <invstOrSec>
        <name>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
        <title>CHISHOLM CREEK KS UTILITY AUTH WTR &amp; WSTWTR FACS REVENUE</title>
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          <isin value="US170123DY67"/>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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          <isin value="US97712JGM99"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sedgwick County Unified School District No 261 Haysville</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <name>Blue Valley Recreation Commission</name>
        <lei>N/A</lei>
        <title>BLUE VLY KS RECREATION COMMISSION COPS</title>
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          <isin value="US096079FL79"/>
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        <curCd>USD</curCd>
        <valUSD>801655.92000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Harvey County Unified School District No 373 Newton</name>
        <lei>549300EVPSOR8ERAEL53</lei>
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          <isin value="US417622JB44"/>
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        <curCd>USD</curCd>
        <valUSD>466366.19000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Shawnee KS</name>
        <lei>5493007F3P7G61QTP515</lei>
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        <cusip>820561AL2</cusip>
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          <isin value="US820561AL23"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wichita KS Water &amp; Sewer Utility Revenue</name>
        <lei>N/A</lei>
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        <cusip>967338XB5</cusip>
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          <isin value="US967338XB52"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>415508.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Osage KS</name>
        <lei>N/A</lei>
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        <cusip>687635DJ8</cusip>
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          <isin value="US687635DJ86"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523437.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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        <cusip>485424QN8</cusip>
        <identifiers>
          <isin value="US485424QN89"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2003972.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Kansas Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US914367DJ39"/>
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        <curCd>USD</curCd>
        <valUSD>1962376.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US982674KA00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-09-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Miami County Unified School District No 416 Louisburg</name>
        <lei>N/A</lei>
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          <isin value="US593312HW44"/>
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          <maturityDt>2041-09-01</maturityDt>
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        <name>Leavenworth County Unified School District No 453</name>
        <lei>N/A</lei>
        <title>LEAVENWORTH CNTY KS UNIF SCH DIST #453</title>
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          <isin value="US522210KL69"/>
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      <invstOrSec>
        <name>Abilene Public Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US003430BK09"/>
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      <invstOrSec>
        <name>County of Shawnee KS</name>
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        <title>SHAWNEE CNTY KS COPS</title>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Washburn University/Topeka KS</name>
        <lei>N/A</lei>
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          <isin value="US937220GL97"/>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Finney County Unified School District No 457 Garden City</name>
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        <name>Frankfort Redevelopment Authority</name>
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        <name>City of Andover KS</name>
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        <name>City of Elyria OH</name>
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        <name>Jefferson County Unified School District No 343 Perry</name>
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        <name>Dickson County Public Building Commission</name>
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        <name>County of Shawnee KS</name>
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        <name>Johnson &amp; Miami Counties Unified School District No 230 Spring Hills</name>
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        <name>Shawnee County Unified School District No 437 Auburn - Washburn</name>
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        <name>Marion County Unified School District No 410 Durham Etc</name>
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        <name>Douglas County Unified School District No 491 Eudora</name>
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        <name>Jefferson County Unified School District No 343 Perry</name>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shawnee County Unified School District No 437 Auburn - Washburn</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Johnson County Unified School District No 512 Shawnee Mission</name>
        <lei>N/A</lei>
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          <isin value="US478740WZ22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arkansas City Public Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US040821AX87"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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      <invstOrSec>
        <name>Minneola Unified School District No 219</name>
        <lei>N/A</lei>
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          <isin value="US180747BT38"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Abilene Public Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US003430BL81"/>
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        <balance>650000.00000000</balance>
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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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      <invstOrSec>
        <name>Sedgwick County Unified School District No 261 Haysville</name>
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          <isin value="US815645QM16"/>
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        <curCd>USD</curCd>
        <valUSD>2330634.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wichita KS</name>
        <lei>549300Y20JVN3VP2V718</lei>
        <title>WICHITA KS</title>
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          <isin value="US967245DF54"/>
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        <balance>2365000.00000000</balance>
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        <valUSD>2377753.74000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Douglas County Unified School District No 348 Baldwin City</name>
        <lei>N/A</lei>
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          <isin value="US259133HZ20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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      <invstOrSec>
        <name>Butler County Unified School District No 402 Augusta</name>
        <lei>N/A</lei>
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        <balance>415000.00000000</balance>
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      <invstOrSec>
        <name>Dickson County Public Building Commission</name>
        <lei>N/A</lei>
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        <balance>1550000.00000000</balance>
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          <maturityDt>2033-08-01</maturityDt>
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      <invstOrSec>
        <name>Geary County Public Building Commission</name>
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        <name>Harvey County Unified School District No 373 Newton</name>
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        <name>Butler County Unified School District No 402 Augusta</name>
        <lei>N/A</lei>
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        <cusip>123439KE0</cusip>
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      <invstOrSec>
        <name>City Of Martinsville Indiana Government Facility Building Corp</name>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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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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      <invstOrSec>
        <name>Miami County Unified School District No 416 Louisburg</name>
        <lei>N/A</lei>
        <title>MIAMI CNTY KS UNIF SCH DIST #416</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
        <lei>N/A</lei>
        <title>WYANDOTTE CNTY/KANSAS CITY KS UNIF GOVT UTILITY SYS REVENUE</title>
        <cusip>982674JM6</cusip>
        <identifiers>
          <isin value="US982674JM66"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000934.60000000</valUSD>
        <pctVal>0.918405208990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 Lawrence KS</name>
        <lei>5493004LLF0HG6XS2E46</lei>
        <title>LAWRENCE KS HOSP REVENUE</title>
        <cusip>520134FW2</cusip>
        <identifiers>
          <isin value="US520134FW29"/>
        </identifiers>
        <balance>1715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1784287.72000000</valUSD>
        <pctVal>1.637169038203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Milledgeville &amp; Baldwin County Development Authority</name>
        <lei>N/A</lei>
        <title>MILLEDGEVILLE &amp; BALDWIN CNTY GA DEV AUTH REVENUE</title>
        <cusip>60039GBB8</cusip>
        <identifiers>
          <isin value="US60039GBB86"/>
        </identifiers>
        <balance>745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>800411.83000000</valUSD>
        <pctVal>0.734416008808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</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>Butler County Unified School District No 402 Augusta</name>
        <lei>N/A</lei>
        <title>BUTLER CNTY KS UNIF SCH DIST #402</title>
        <cusip>123439KG5</cusip>
        <identifiers>
          <isin value="US123439KG50"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309298.42000000</valUSD>
        <pctVal>0.283796044277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>Wabaunsee County Unified School District No 330 Mission Valley</name>
        <lei>N/A</lei>
        <title>WABAUNSEE CNTY KS UNIF SCH DIST #330</title>
        <cusip>92972MCD2</cusip>
        <identifiers>
          <isin value="US92972MCD20"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1046586.00000000</valUSD>
        <pctVal>0.960292544644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</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>
      <invstOrSec>
        <name>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
        </identifiers>
        <balance>805377.25000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>805377.25000000</valUSD>
        <pctVal>0.738972018354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nemaha County Unified School District No 115</name>
        <lei>N/A</lei>
        <title>NEMAHA CNTY KS UNIF SCH DIST #115</title>
        <cusip>64043RBC8</cusip>
        <identifiers>
          <isin value="US64043RBC88"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>760142.48000000</valUSD>
        <pctVal>0.697466960585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</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>Johnson County Unified School District No 512 Shawnee Mission</name>
        <lei>N/A</lei>
        <title>JOHNSON CNTY KS UNIF SCH DIST#512 SHAWNEE MISSION</title>
        <cusip>478740XA6</cusip>
        <identifiers>
          <isin value="US478740XA61"/>
        </identifiers>
        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>822815.02000000</valUSD>
        <pctVal>0.754972003569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Northwestern School Building Corp</name>
        <lei>N/A</lei>
        <title>N WSTRN IN SCH BLDG CORP</title>
        <cusip>668265EK3</cusip>
        <identifiers>
          <isin value="US668265EK30"/>
        </identifiers>
        <balance>550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>617899.54000000</valUSD>
        <pctVal>0.566952282565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Butler County Unified School District No 385 Andover</name>
        <lei>N/A</lei>
        <title>BUTLER CNTY KS UNIF SCH DIST #385 ANDOVER</title>
        <cusip>12343ECS7</cusip>
        <identifiers>
          <isin value="US12343ECS72"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>509054.25000000</valUSD>
        <pctVal>0.467081540451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</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>Chisholm Creek Utility Authority</name>
        <lei>N/A</lei>
        <title>CHISHOLM CREEK KS UTILITY AUTH WTR &amp; WSTWTR FACS REVENUE</title>
        <cusip>170123DZ3</cusip>
        <identifiers>
          <isin value="US170123DZ33"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1075913.80000000</valUSD>
        <pctVal>0.987202199169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Lyon County Unified School District No 253 Emporia</name>
        <lei>N/A</lei>
        <title>LYON CNTY KS UNIF SCH DIST #253 EMPORIA</title>
        <cusip>551845GQ7</cusip>
        <identifiers>
          <isin value="US551845GQ70"/>
        </identifiers>
        <balance>1050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1059167.45000000</valUSD>
        <pctVal>0.971836624764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</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>City Of Martinsville Indiana Government Facility Building Corp</name>
        <lei>N/A</lei>
        <title>MARTINSVILLE IN GOVT FAC BLDG CORP LEASE RENTAL REVENUE</title>
        <cusip>57369RDK8</cusip>
        <identifiers>
          <isin value="US57369RDK86"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>528579.55000000</valUSD>
        <pctVal>0.484996933951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>2025-08-18</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>
  <documents>XXXX</documents>
</edgarSubmission>
