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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990KKS14"/>
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        <curCd>USD</curCd>
        <valUSD>1053311.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990KKR31"/>
          <other otherDesc="CG Symbol" value="FXN212250"/>
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        <curCd>USD</curCd>
        <valUSD>1287958.75</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK CITY WATER &amp; SEWER SYSTEM 5.0% 06-15-38</title>
        <cusip>64972GV68</cusip>
        <identifiers>
          <isin value="US64972GV683"/>
          <other otherDesc="CG Symbol" value="FXN212709"/>
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        <balance>1000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1176475.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>CASELLA WASTE SYSTEMS INC (MPT) 2.875% 12-01-44</title>
        <cusip>649852AQ3</cusip>
        <identifiers>
          <isin value="US649852AQ37"/>
          <other otherDesc="CG Symbol" value="FXN68571"/>
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        <balance>1500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1461258.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.875000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK CITY WATER &amp; SEWER SYSTEM 5.0% 06-15-47</title>
        <cusip>64972GNC4</cusip>
        <identifiers>
          <isin value="US64972GNC41"/>
          <other otherDesc="CG Symbol" value="FXN72080"/>
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        <balance>1055000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1059435.22</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES</name>
        <lei>N/A</lei>
        <title>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES 5.0% 04-01-29</title>
        <cusip>653544DF0</cusip>
        <identifiers>
          <isin value="US653544DF09"/>
          <other otherDesc="CG Symbol" value="FXN7220"/>
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        <balance>700000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>700824.60</valUSD>
        <pctVal>0.2388320386</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES</name>
        <lei>N/A</lei>
        <title>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES 5.0% 04-01-28</title>
        <cusip>653544DE3</cusip>
        <identifiers>
          <isin value="US653544DE34"/>
          <other otherDesc="CG Symbol" value="FXN7221"/>
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        <balance>500000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500596.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES</name>
        <lei>N/A</lei>
        <title>NIAGARA FRONTIER TRANSPORTATION AUTHORITY AIRPORT SYSTEM REVENUES 5.0% 04-01-27</title>
        <cusip>653544DD5</cusip>
        <identifiers>
          <isin value="US653544DD50"/>
          <other otherDesc="CG Symbol" value="FXN7222"/>
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        <balance>600000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>600732.60</valUSD>
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        <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>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK N Y CITY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>NEW YORK CITY HOUSING DEVELOPMENT CORP 3.8% 11-01-37</title>
        <cusip>64972CG64</cusip>
        <identifiers>
          <isin value="US64972CG642"/>
          <other otherDesc="CG Symbol" value="FXN73345"/>
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        <balance>885000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>884965.49</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.800000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 05-01-42</title>
        <cusip>64971W7B0</cusip>
        <identifiers>
          <isin value="US64971W7B00"/>
          <other otherDesc="CG Symbol" value="FXN75956"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1013995.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE THRUWAY AUTHORITY 3.0% 01-01-49</title>
        <cusip>650009U92</cusip>
        <identifiers>
          <isin value="US650009U926"/>
          <other otherDesc="CG Symbol" value="FXN108649"/>
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        <balance>1970000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1489583.98</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>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE THRUWAY AUTHORITY 4.0% 01-01-41</title>
        <cusip>650009T94</cusip>
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          <isin value="US650009T944"/>
          <other otherDesc="CG Symbol" value="FXN108650"/>
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        <balance>1900000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1883956.40</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE THRUWAY AUTHORITY 4.0% 01-01-47</title>
        <cusip>650009U76</cusip>
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          <isin value="US650009U769"/>
          <other otherDesc="CG Symbol" value="FXN108655"/>
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        <balance>1500000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1380250.50</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK POWER AUTHORITY</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>NEW YORK POWER AUTHORITY 4.0% 11-15-55</title>
        <cusip>64989KLF1</cusip>
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          <isin value="US64989KLF11"/>
          <other otherDesc="CG Symbol" value="FXN110188"/>
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        <balance>1500000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1345462.50</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>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>CORNELL UNIVERSITY 5.0% 07-01-30</title>
        <cusip>64990GF49</cusip>
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          <isin value="US64990GF498"/>
          <other otherDesc="CG Symbol" value="FXN110249"/>
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        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1100314.00</valUSD>
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        <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>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK CONVENTION CENTER DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>NY ST CONVENTION CTR HOTEL UNT FEE BAM CAB 16B 0.0% 11-15-39</title>
        <cusip>649451HM6</cusip>
        <identifiers>
          <isin value="US649451HM62"/>
          <other otherDesc="CG Symbol" value="FXN111121"/>
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        <balance>2300000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1323219.90</valUSD>
        <pctVal>0.4509363774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY TRUST FOR CULTURAL RESOURCES (NY)</name>
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          <isin value="US649717VL65"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <title>DELTA AIR LINES INC 4.375% 10-01-45</title>
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          <isin value="US650116DA16"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116CX28"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4.000000000000</annualizedRt>
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        <name>NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY</name>
        <lei>549300XR20ZR5DHL9534</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300XR20ZR5DHL9534</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK LIBERTY DEVELOPMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
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          <isin value="US650009W583"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
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          <isin value="US64985TCT60"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
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          <isin value="US64985TCQ22"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <isin value="US64985TCL35"/>
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        <valUSD>1513884.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>STATE OF NEW YORK SALES TAX REVENUE 4.0% 03-15-48</title>
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          <isin value="US64985TCV17"/>
          <other otherDesc="CG Symbol" value="FXN130747"/>
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        <valUSD>1383792.00</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>IONA COLLEGE 5.0% 07-01-46</title>
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          <isin value="US65000BJD10"/>
          <other otherDesc="CG Symbol" value="FXN132259"/>
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        <curCd>USD</curCd>
        <valUSD>251929.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>FORDHAM UNIVERSITY FRN 07-01-32</title>
        <cusip>649903C33</cusip>
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        <curCd>USD</curCd>
        <valUSD>800000.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 05-01-47</title>
        <cusip>64972JMG0</cusip>
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          <other otherDesc="CG Symbol" value="FXN182436"/>
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        <valUSD>2881812.60</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <other otherDesc="CG Symbol" value="FXN182805"/>
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        <invCountry>US</invCountry>
        
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <invCountry>US</invCountry>
        
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <cusip>64972GF41</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALBANY CAPITAL RESOURCE CORP</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALBANY CAPITAL RESOURCE CORP</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>400324.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>AMHERST DEVELOPMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
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          <isin value="US59261AH839"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>METROPOLITAN TRANSPORTATION AUTHORITY 5.0% 11-15-45</title>
        <cusip>59261AH42</cusip>
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          <isin value="US59261AH425"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TOMPKINS CNTY N Y DEV CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116JQ04"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US650116JP21"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ENERGY FINANCE DEVELOPMENT CORP</name>
        <lei>254900PRGXZMJ912RI65</lei>
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          <isin value="US64947PAA49"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
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          <isin value="US650028B777"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64985SMS94"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY</name>
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          <isin value="US61075TNZ74"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <cusip>59261A2J5</cusip>
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          <isin value="US59261A2J55"/>
          <other otherDesc="CG Symbol" value="FXM161305"/>
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        <curCd>USD</curCd>
        <valUSD>1042391.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MTA HUDSON RAIL YARDS TRUST OBLIGATIONS</name>
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        <curCd>USD</curCd>
        <valUSD>497556.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>METROPOLITAN TRANSPORTATION AUTHORITY 4.0% 11-15-34</title>
        <cusip>59261AQF7</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>METROPOLITAN TRANSPORTATION AUTHORITY AG 4.0% 11-15-49</title>
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        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST TWY AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST TWY AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST TWY AUTH</name>
        <lei>N/A</lei>
        <title>NEW YORK STATE THRUWAY AUTHORITY AG 4.0% 01-01-53</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW YORK STATE URBAN DEVELOPMENT CORP (DBA EMPIRE STATE DEVELOPMENT CORP)</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>STATE OF NEW YORK SALES TAX REVENUE 3.0% 03-15-49</title>
        <cusip>64985TAU5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BROOKLYN ARENA LOCAL DEVELOPMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CORP</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>549300RF3SFDOWRHVM56</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY</name>
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          <isin value="US61075TWQ74"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MATCHING FUND SPECIAL PURPOSE SECURITIZATION CORPORATION</name>
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          <isin value="US57665NAG07"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
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      <invstOrSec>
        <name>MONROE COUNTY INDUSTRIAL DEVELOPMENT CORP/NY</name>
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          <isin value="US61075TPA06"/>
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        <balance>380000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>380512.62</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
        <lei>N/A</lei>
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        <cusip>64971XAJ7</cusip>
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          <isin value="US64971XAJ72"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
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        <cusip>64972GPJ7</cusip>
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          <isin value="US64972GPJ75"/>
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        <curCd>USD</curCd>
        <valUSD>1265275.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SONYMA HOMEOWNER MTG REV</name>
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        <cusip>6498832W4</cusip>
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          <isin value="US6498832W46"/>
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        <curCd>USD</curCd>
        <valUSD>30001.74</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966MTA7</cusip>
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          <isin value="US64966MTA70"/>
          <other otherDesc="CG Symbol" value="FXN82133"/>
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        <balance>1000000.00</balance>
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        <curCd>USD</curCd>
        <valUSD>1035635.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>NEW YORK ST HSG FIN AGY</name>
        <lei>5493000LS7KCDB02O506</lei>
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          <isin value="US64987DED21"/>
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        <curCd>USD</curCd>
        <valUSD>692958.75</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</annualizedRt>
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        <name>NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY</name>
        <lei>549300XR20ZR5DHL9534</lei>
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        <curCd>USD</curCd>
        <valUSD>140092.26</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
        <lei>N/A</lei>
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        <cusip>64972JJD1</cusip>
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          <isin value="US64972JJD19"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.250000000000</annualizedRt>
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        <name>NEW YORK CONVENTION CENTER DEVELOPMENT CORP</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.000000000000</annualizedRt>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116HQ22"/>
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        <valUSD>503422.50</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990AUL7</cusip>
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        <valUSD>1286922.50</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>CITY OF NEW YORK NY 5.0% 08-01-36</title>
        <cusip>64966SFZ4</cusip>
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        <curCd>USD</curCd>
        <valUSD>1684950.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY ST DORM NYU HOSPS CTR REV 5.0% 07-01-33</title>
        <cusip>64990BT94</cusip>
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        <curCd>USD</curCd>
        <valUSD>401391.60</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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US650116AR77"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116AV89"/>
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        <valUSD>500038.00</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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          <ticker value="TNM6"/>
          <other otherDesc="CG Symbol" value="ULU9820"/>
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        <units>NC</units>
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        <fairValLevel>1</fairValLevel>
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            <payOffProf>Short</payOffProf>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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          <ticker value="ZTM6"/>
          <other otherDesc="CG Symbol" value="ULU9865"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CME CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>UST 5YR FUT FVM6 06-30-26</title>
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          <ticker value="ZFM6"/>
          <other otherDesc="CG Symbol" value="ULU9867"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-46590.78</valUSD>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <payOffProf>Long</payOffProf>
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                <issuerName>CME CHICAGO MERCANTILE EXCHANGE</issuerName>
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      <invstOrSec>
        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>TOURO COLLEGE AND UNIVERSITY SYSTEM OBLIGATED GROUP 5.0% 01-01-38</title>
        <cusip>64990H6T2</cusip>
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          <isin value="US64990H6T28"/>
          <other otherDesc="CG Symbol" value="FXN82451"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORP</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US649519DD42"/>
          <other otherDesc="CG Symbol" value="FXN8518"/>
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        <curCd>USD</curCd>
        <valUSD>375588.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.250000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORP</name>
        <lei>N/A</lei>
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          <isin value="US649519DC68"/>
          <other otherDesc="CG Symbol" value="FXN8519"/>
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        <curCd>USD</curCd>
        <valUSD>350230.65</valUSD>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375000000000</annualizedRt>
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        <name>SONYMA HOMEOWNER MTG REV</name>
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        <cusip>6498833E3</cusip>
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          <isin value="US6498833E39"/>
          <other otherDesc="CG Symbol" value="FXN86832"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <other otherDesc="CG Symbol" value="FXN87311"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST ENVIRONMENTAL FACS CORP</name>
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          <isin value="US649852AR10"/>
          <other otherDesc="CG Symbol" value="FXN87951"/>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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          <isin value="US650116CQ76"/>
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        <curCd>USD</curCd>
        <valUSD>716152.10</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NASSAU CNTY NY</name>
        <lei>549300ICRCGQYCPS7T40</lei>
        <title>COUNTY OF NASSAU NY 5.0% 01-15-30</title>
        <cusip>63165TYB5</cusip>
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          <other otherDesc="CG Symbol" value="FXN90787"/>
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        <valUSD>1017688.00</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE 5.0% 08-01-36</title>
        <cusip>64971XFR4</cusip>
        <identifiers>
          <isin value="US64971XFR44"/>
          <other otherDesc="CG Symbol" value="FXN92557"/>
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        <curCd>USD</curCd>
        <valUSD>1432495.20</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM (TERRITORY OF)</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM (TERRITORY OF)</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GUAM (TERRITORY OF)</name>
        <lei>N/A</lei>
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          <isin value="US40065NCR61"/>
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        <invCountry>GU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GENESEE CNTY N Y FDG CORP REV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GENEVA DEVELOPMENT CORP</name>
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          <isin value="US37217PCN33"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HUDSON YARDS INFRASTRUCTURE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>HUDSON YARDS INFRASTRUCTURE CORP</name>
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          <isin value="US44420RAV24"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JEFFERSON CNTY N Y</name>
        <lei>N/A</lei>
        <title>SAMARITAN MEDICAL CENTER OBLIGATED GROUP 4.0% 11-01-42</title>
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          <isin value="US47325RAS85"/>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEFFERSON CNTY N Y</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEFFERSON CNTY N Y</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>LONG ISLAND POWER AUTHORITY</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>1R46U5SYJ63KQXF39168</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>METROPOLITAN TRANSPORTATION AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ONONDAGA CNTY NY TR CULTURAL RES REV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ONONDAGA NY CIVIC DEV CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO COMMONWEALTH AQUEDUCT &amp; SEWER AUTHORITY</name>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <lei>5493000LS7KCDB02O506</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK LIBERTY DEVELOPMENT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CONVENTION CENTER DEVELOPMENT CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SONYMA HOMEOWNER MTG REV</name>
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        <title>STATE OF NEW YORK MORTGAGE AGENCY HOMEOWNER MORTGAGE REVENUE SONYMA 3.5% 10-01-52</title>
        <cusip>64988YPH4</cusip>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO COMMONWEALTH OF (GOVERNMENT)</name>
        <lei>549300X44HXPLJU48U63</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO INDL TOURIST EDL MED &amp; ENVIRONMENTAL CTL FACS FING AUTH</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK POWER AUTHORITY</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <isin value="US65000XAV29"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SOUTHOLD LOCAL DEVELOPMENT CORP</name>
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          <isin value="US844584AL67"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CONVENTION CENTER DEVELOPMENT CORP</name>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK CITY WATER &amp; SEWER SYSTEM 4.125% 06-15-47</title>
        <cusip>64972GE59</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTH FUTURE TAX SEC REV</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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          <isin value="US65000BYS14"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORP</name>
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        <cusip>649519EH4</cusip>
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          <isin value="US649519EH47"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST ENERGY RESH &amp; DEV</name>
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          <isin value="US649845HY30"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CONVENTION CENTER DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY HOTEL UNIT FEE REVENUE 5.0% 11-15-35</title>
        <cusip>649451DH1</cusip>
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          <isin value="US649451DH14"/>
          <other otherDesc="CG Symbol" value="FXN15207"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NORTHWELL HEALTH OBLIGATED GROUP 4.0% 05-01-54</title>
        <cusip>65000B6L7</cusip>
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          <isin value="US65000B6L75"/>
          <other otherDesc="CG Symbol" value="FXN183421"/>
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        <valUSD>881976.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>WHITE PLAINS HOSPITAL OBLIGATED GROUP AG 5.5% 10-01-54</title>
        <cusip>65000B7Y8</cusip>
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          <isin value="US65000B7Y87"/>
          <other otherDesc="CG Symbol" value="FXN184341"/>
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        <curCd>USD</curCd>
        <valUSD>1004453.05</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>WHITE PLAINS HOSPITAL OBLIGATED GROUP 5.25% 10-01-49</title>
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          <isin value="US65000B7X05"/>
          <other otherDesc="CG Symbol" value="FXN184349"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>METROPOLITAN TRANSPORTATION AUTHORITY PAYROLL MOBILITY TAX REVENUE 5.0% 05-15-54</title>
        <cusip>89602HHC4</cusip>
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          <isin value="US89602HHC43"/>
          <other otherDesc="CG Symbol" value="FXT159065"/>
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        <curCd>USD</curCd>
        <valUSD>1548255.00</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY SALES TAX REVENUE</name>
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        <cusip>896035DF6</cusip>
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          <other otherDesc="CG Symbol" value="FXT159543"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>METROPOLITAN TRANSPORTATION AUTHORITY PAYROLL MOBILITY TAX REVENUE 5.25% 05-15-54</title>
        <cusip>89602HHH3</cusip>
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          <isin value="US89602HHH30"/>
          <other otherDesc="CG Symbol" value="FXT163234"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY REAL ESTATE TRANSFER TAX 5.25% 12-01-54</title>
        <cusip>896032BB4</cusip>
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          <other otherDesc="CG Symbol" value="FXT187918"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH BRIDGE &amp; TUNNEL AUTHORITY 5.25% 11-15-55</title>
        <cusip>89602RNM3</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOMPKINS CNTY N Y DEV CORP</name>
        <lei>N/A</lei>
        <title>KENDAL AT ITHACA INC 5.0% 07-01-44</title>
        <cusip>890090AM5</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>UTILITY DEBT SECURITIZATION AUTHORITY</name>
        <lei>N/A</lei>
        <title>UTILITY DEBT SECURITIZATION AUTHORITY 5.0% 12-15-41</title>
        <cusip>91802RGY9</cusip>
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          <other otherDesc="CG Symbol" value="FXU156686"/>
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        <curCd>USD</curCd>
        <valUSD>906859.80</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>WESTCHESTER COUNTY HEALTHCARE CORP/NY</name>
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        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP</name>
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        <name>YONKERS ECONOMIC DEVELOPMENT CORP</name>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DORMITORY AUTHORITY OF STATE OF NEW YORK</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y CITY TRANSITIONAL FINANCE AUTH BUILDING AID REV</name>
        <lei>N/A</lei>
        <title>STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-43</title>
        <cusip>64972LBL6</cusip>
        <identifiers>
          <isin value="US64972LBL62"/>
          <other otherDesc="CG Symbol" value="FXN201755"/>
        </identifiers>
        <balance>1350000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1491918.75</valUSD>
        <pctVal>0.5084267826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>EMPIRE STATE THRUWAY PARTNERS LLC 4.0% 10-31-41</title>
        <cusip>650110AC3</cusip>
        <identifiers>
          <isin value="US650110AC39"/>
          <other otherDesc="CG Symbol" value="FXN121051"/>
        </identifiers>
        <balance>1000000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>972819.00</valUSD>
        <pctVal>0.3315242430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>AMERICAN AIRLINES INC 3.0% 08-01-31</title>
        <cusip>650116EZ5</cusip>
        <identifiers>
          <isin value="US650116EZ57"/>
          <other otherDesc="CG Symbol" value="FXN124773"/>
        </identifiers>
        <balance>250000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>239885.25</valUSD>
        <pctVal>0.0817498177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK N Y CITY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>NEW YORK CITY HOUSING DEVELOPMENT CORP FHA 542(C) 2.4% 11-01-46</title>
        <cusip>64972EYV5</cusip>
        <identifiers>
          <isin value="US64972EYV54"/>
          <other otherDesc="CG Symbol" value="FXN124786"/>
        </identifiers>
        <balance>2405000.00</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1649440.39</valUSD>
        <pctVal>0.5621081380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.400000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-22</ncom:dateSigned>
      <ncom:nameOfApplicant>American Funds Tax-Exempt Fund of New York</ncom:nameOfApplicant>
      <ncom:signature>Scott Lewis</ncom:signature>
      <ncom:signerName>Scott Lewis</ncom:signerName>
      <ncom:title>Compliance Specialist Senior</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
