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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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        <fairValLevel>2</fairValLevel>
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        <name>Akron City School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alabama Federal Aid Highway Finance Authority</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US010268CC26"/>
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        <valUSD>125689.24000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>010268DV9</cusip>
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          <isin value="US010268DV97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Highway Authority</name>
        <lei>N/A</lei>
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          <isin value="US010559AA02"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Highway Authority</name>
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          <isin value="US010559AB84"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Highway Authority</name>
        <lei>N/A</lei>
        <title>Alabama Highway Authority, Series 2025</title>
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          <isin value="US010559AC67"/>
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        <curCd>USD</curCd>
        <valUSD>1579150.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alabama Highway Authority</name>
        <lei>N/A</lei>
        <title>Alabama Highway Authority, Series 2025</title>
        <cusip>010559AD4</cusip>
        <identifiers>
          <isin value="US010559AD41"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2578484.16000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
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        <cusip>010609AW5</cusip>
        <identifiers>
          <isin value="US010609AW55"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45084.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
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        <cusip>010609FE0</cusip>
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          <isin value="US010609FE03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alachua County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Alachua County Health Facilities Authority, Shands Teaching Hospital and Clinic, Inc., Series B-2</title>
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        <identifiers>
          <isin value="US010685LD52"/>
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        <balance>225000.00000000</balance>
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        <valUSD>225166.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alachua County School Board</name>
        <lei>N/A</lei>
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          <isin value="US01069SGM08"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alamo Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US011432AY70"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Housing Finance Corp.</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
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          <isin value="US01170PBW59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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          <isin value="US01179RSX25"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Alaska Housing Finance Corp.</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
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          <isin value="US011839R744"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Alaska Housing Finance Corp.</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
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          <isin value="US011839XG74"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Alaska Housing Finance Corp.</name>
        <lei>549300HJ8NOJNYW6ER36</lei>
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          <isin value="US011839XH57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Alaska International Airports System</name>
        <lei>N/A</lei>
        <title>State of Alaska International Airports System, Series 2021C</title>
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          <isin value="US011842UP48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albany-Dougherty Payroll Development Authority</name>
        <lei>N/A</lei>
        <title>Albany-Dougherty Payroll Development Authority, Procter &amp; Gamble Paper Products, Series 1999</title>
        <cusip>012192AB6</cusip>
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          <isin value="US012192AB67"/>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Arizona Board of Regents</name>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <name>City of Aurora CO</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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        <name>Ausable Valley Central School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX Airport System Revenue</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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        <name>County of Baltimore MD</name>
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        <name>Barker Central School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bartow County Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Bexar TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bi-State Development Agency of the Missouri-Illinois Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Birmingham City School District/MI</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Black Belt Energy Gas District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</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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        <name>County of Broward FL Airport System Revenue</name>
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        <name>School District of Broward County/FL</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colton Joint Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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          <isin value="US23503CFR34"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Dallas TX</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Area Rapid Transit</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US2354166N91"/>
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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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Delaware Transportation Authority</name>
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        <name>Delaware Valley Regional Finance Authority</name>
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        <name>Delaware Academy Central School District at Delhi</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Denton TX</name>
        <lei>N/A</lei>
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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>City of Denton TX Utility System Revenue</name>
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          <isin value="US249015B988"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>City of Denton TX Utility System Revenue</name>
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          <isin value="US249015C481"/>
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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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        <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>City &amp; County of Denver CO Pledged Excise Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</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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        <name>Energy Northwest</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Northwest</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Enlarged City School District of the City of Troy</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Essex County Improvement Authority</name>
        <lei>N/A</lei>
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          <isin value="US296807MN73"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>FYI Properties</name>
        <lei>N/A</lei>
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          <isin value="US302716BE40"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fairfax County Economic Development Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Development Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Gulf Coast University Financing Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Local Government Finance Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>5493004G5XFOOUT0LQ57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
        <title>State of Florida Lottery, Series 2016B</title>
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          <isin value="US341507Q872"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
        <title>State of Florida Lottery, Series 2017A</title>
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          <isin value="US341507S365"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Georgetown TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Georgetown Utility System, Series 2026</title>
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          <isin value="US3730642N38"/>
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        <curCd>USD</curCd>
        <valUSD>1101803.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2016A</title>
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          <isin value="US3733844B99"/>
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        <curCd>USD</curCd>
        <valUSD>25150.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2018A</title>
        <cusip>373385CK7</cusip>
        <identifiers>
          <isin value="US373385CK75"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55106.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2022A</title>
        <cusip>373385JZ7</cusip>
        <identifiers>
          <isin value="US373385JZ71"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100194.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia Ports Authority</name>
        <lei>N/A</lei>
        <title>Georgia Ports Authority, Series 2022</title>
        <cusip>373586GZ3</cusip>
        <identifiers>
          <isin value="US373586GZ30"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45083.58000000</valUSD>
        <pctVal>0.000708542519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
        <title>Georgia State Road and Tollway Authority, Series 2020</title>
        <cusip>37358MEH0</cusip>
        <identifiers>
          <isin value="US37358MEH07"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>60000.00000000</valUSD>
        <pctVal>0.000942971946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Glendale AZ Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Glendale Water and Sewer, Senior Lien, Series 2025</title>
        <cusip>378352RZ3</cusip>
        <identifiers>
          <isin value="US378352RZ38"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20509.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Glendale Community College District</name>
        <lei>N/A</lei>
        <title>Glendale Community College District, Election of 2016, Series 2016A</title>
        <cusip>378394GX2</cusip>
        <identifiers>
          <isin value="US378394GX25"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25851.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Gloucester City NJ</name>
        <lei>N/A</lei>
        <title>City of Gloucester City, Series 2026</title>
        <cusip>379640GP4</cusip>
        <identifiers>
          <isin value="US379640GP41"/>
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        <balance>4342000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4391489.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Bonds, Series 2017A-1</title>
        <cusip>38122NZB1</cusip>
        <identifiers>
          <isin value="US38122NZB18"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25631.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gouverneur Central School District</name>
        <lei>N/A</lei>
        <title>Gouverneur Central School District, Series 2025</title>
        <cusip>383622DS3</cusip>
        <identifiers>
          <isin value="US383622DS37"/>
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        <balance>20000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20023262.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2014A</title>
        <cusip>386442VJ3</cusip>
        <identifiers>
          <isin value="US386442VJ37"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
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          <isin value="US386442WL73"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
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          <isin value="US386442WM56"/>
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        <balance>145000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
        <cusip>386442WN3</cusip>
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          <isin value="US386442WN30"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Valley State University</name>
        <lei>5493004492FRREYG5M95</lei>
        <title>Grand Valley State University, Series 2016A</title>
        <cusip>386545KV8</cusip>
        <identifiers>
          <isin value="US386545KV89"/>
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        <balance>1625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1627349.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Sewage Disposal System, Senior Lien, Series 2024A</title>
        <cusip>39081HFJ6</cusip>
        <identifiers>
          <isin value="US39081HFJ68"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority, Water Supply System, Second Lien, Series C</title>
        <cusip>39081JAF5</cusip>
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          <isin value="US39081JAF57"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125235.35000000</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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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US414009MP27"/>
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        <curCd>USD</curCd>
        <valUSD>3003940.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2020C-3</title>
        <cusip>414009PP9</cusip>
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          <isin value="US414009PP99"/>
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        <curCd>USD</curCd>
        <valUSD>3084855.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series 2024C</title>
        <cusip>414009SP6</cusip>
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          <isin value="US414009SP62"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10549833.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Harris County Flood Control District</name>
        <lei>N/A</lei>
        <title>Harris County Flood Control District, Series 2025</title>
        <cusip>414019CQ0</cusip>
        <identifiers>
          <isin value="US414019CQ00"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80529.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Harris County Flood Control District</name>
        <lei>N/A</lei>
        <title>Harris County Flood Control District, Series 2025A</title>
        <cusip>414019CY3</cusip>
        <identifiers>
          <isin value="US414019CY34"/>
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        <curCd>USD</curCd>
        <valUSD>2616306.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <title>Metropolitan Transit Authority of Harris County Sales and Use Tax, Series A</title>
        <cusip>41422EFQ1</cusip>
        <identifiers>
          <isin value="US41422EFQ17"/>
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        <curCd>USD</curCd>
        <valUSD>181739.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <title>Metropolitan Transit Authority of Harris County Sales and Use Tax, Series 2018</title>
        <cusip>41422EHX4</cusip>
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          <isin value="US41422EHX40"/>
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        <curCd>USD</curCd>
        <valUSD>580555.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <title>Metropolitan Transit Authority of Harris County Sales and Use Tax, Series 2018</title>
        <cusip>41422EJA2</cusip>
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          <isin value="US41422EJA29"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax, Series 2026</title>
        <cusip>41422ELH4</cusip>
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          <isin value="US41422ELH44"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Harris Toll Road, First Lien, Series 2021</title>
        <cusip>41423PBK2</cusip>
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          <isin value="US41423PBK21"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Harris Toll Road, First Lien, Series 2023A</title>
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          <isin value="US41423PCS48"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
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          <isin value="US41423PCT21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
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          <isin value="US41423PDD69"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Town of Harrison/Village of Harrison NY</name>
        <lei>N/A</lei>
        <title>Town of Harrison, Series 2025B</title>
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          <isin value="US415361HD92"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Hatfield MA</name>
        <lei>N/A</lei>
        <title>Town of Hatfield</title>
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          <isin value="US418866DH96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-14</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hawaii HI</name>
        <lei>N/A</lei>
        <title>County of Hawaii, Series C</title>
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          <isin value="US419722P728"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series ET</title>
        <cusip>419792AU0</cusip>
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          <isin value="US419792AU08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series EO</title>
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          <isin value="US419792H900"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series 2016FB</title>
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          <isin value="US419792HW90"/>
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        <curCd>USD</curCd>
        <valUSD>125141.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FH</title>
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          <isin value="US419792MH68"/>
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        <curCd>USD</curCd>
        <valUSD>136073.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii State Highway Fund</name>
        <lei>N/A</lei>
        <title>State of Hawaii State Highway Fund, Series B</title>
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          <isin value="US41981CNS51"/>
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        <curCd>USD</curCd>
        <valUSD>35066.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hays TX</name>
        <lei>N/A</lei>
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          <isin value="US421020B319"/>
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        <curCd>USD</curCd>
        <valUSD>116767.77000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Henry County School District</name>
        <lei>N/A</lei>
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        <cusip>426362NT2</cusip>
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          <isin value="US426362NT27"/>
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        <curCd>USD</curCd>
        <valUSD>75170.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hillsborough County Aviation Authority</name>
        <lei>N/A</lei>
        <title>Hillsborough County Aviation Authority, Tampa International Airport, Series 2022A</title>
        <cusip>432308M76</cusip>
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          <isin value="US432308M767"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3081031.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hillsborough County School Board</name>
        <lei>549300E7JND1K3JLOI29</lei>
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          <isin value="US43232VUZ20"/>
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        <balance>3100000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hillsborough County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Hillsborough County Industrial Development Authority, Baycare Health System, Series 2024E</title>
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          <isin value="US43233KAX28"/>
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        <curCd>USD</curCd>
        <valUSD>20000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.79999895</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Hillside NJ</name>
        <lei>N/A</lei>
        <title>Township of Hillside, Series 2025</title>
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          <isin value="US432673HN49"/>
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        <curCd>USD</curCd>
        <valUSD>8576699.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Homewood AL</name>
        <lei>N/A</lei>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60352.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Homewood AL</name>
        <lei>N/A</lei>
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          <isin value="US437884NQ83"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
        <title>City and County of Honolulu, Series A</title>
        <cusip>438687AH8</cusip>
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          <isin value="US438687AH86"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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          <isin value="US438687AJ43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hornell City School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Horry County School District/SC</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Houston County School District</name>
        <lei>N/A</lei>
        <title>Houston County School District, Series 2022</title>
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          <isin value="US442038GF64"/>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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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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        <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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193PE24"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193RP52"/>
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        <curCd>USD</curCd>
        <valUSD>40155.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193VC93"/>
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        <curCd>USD</curCd>
        <valUSD>62642.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Maryland Department of Transportation, Series 2019</title>
        <cusip>574204N25</cusip>
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          <isin value="US574204N251"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25200.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health &amp; Higher Educational Facilities Authority, Series 2017</title>
        <cusip>574218K36</cusip>
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          <isin value="US574218K364"/>
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        <curCd>USD</curCd>
        <valUSD>1000000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health and Higher Educational Facilities Authority, University of Maryland Medical System, Series 2025C-1</title>
        <cusip>57421CHW7</cusip>
        <identifiers>
          <isin value="US57421CHW73"/>
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        <balance>45000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45000000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.90000165</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health and Higher Educational Facilities Authority, University of Maryland Medical System, Series 2025C-2</title>
        <cusip>57421CHX5</cusip>
        <identifiers>
          <isin value="US57421CHX56"/>
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        <balance>19550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19550000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.50000035</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maryland State Transportation Authority</name>
        <lei>254900MKNK0MO0Z4X426</lei>
        <title>Maryland State Transportation Authority, Transport Facilities Project, Series 2024A</title>
        <cusip>574300PB9</cusip>
        <identifiers>
          <isin value="US574300PB92"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25049.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Assessment Revenue</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Assessment, Series 2006A</title>
        <cusip>575577PQ8</cusip>
        <identifiers>
          <isin value="US575577PQ80"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149066.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Assessment Revenue</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Assessment, Series 2006A</title>
        <cusip>575577PS4</cusip>
        <identifiers>
          <isin value="US575577PS47"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80174.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue</name>
        <lei>N/A</lei>
        <title>Massachusetts Transportation Trust Fund Metropolitan Highway System, Commonwealth Contract Assistance Secured, Series 2018A</title>
        <cusip>57563CDF6</cusip>
        <identifiers>
          <isin value="US57563CDF68"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40544.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Consolidated Loan of 2020, Series 2020D</title>
        <cusip>57582RB88</cusip>
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          <isin value="US57582RB886"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135273.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series A</title>
        <cusip>57582RDU7</cusip>
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          <isin value="US57582RDU77"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25045.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2016A</title>
        <cusip>57582RHE9</cusip>
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          <isin value="US57582RHE99"/>
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        <valUSD>110223.01000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2016B</title>
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          <isin value="US57582RKL95"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts Federal Highway, Accelerated Bridge Program, Series C</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2021A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2018B</title>
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        <balance>25000.00000000</balance>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Strategic Fund</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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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US60412APE72"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <cusip>60412APW7</cusip>
        <identifiers>
          <isin value="US60412APW70"/>
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        <curCd>USD</curCd>
        <valUSD>125508.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <cusip>60412AQS5</cusip>
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          <isin value="US60412AQS59"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Various Purpose, Series 2020A</title>
        <cusip>60412ATG8</cusip>
        <identifiers>
          <isin value="US60412ATG84"/>
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        <curCd>USD</curCd>
        <valUSD>241930.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Various Purpose, Series 2025A</title>
        <cusip>60412AU92</cusip>
        <identifiers>
          <isin value="US60412AU929"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10293295.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2025B</title>
        <cusip>60412AX57</cusip>
        <identifiers>
          <isin value="US60412AX576"/>
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        <balance>2535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2609350.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
        <lei>N/A</lei>
        <title>Mission Economic Development Corp., Republic Services, Inc., Project, Series 2020A</title>
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        <identifiers>
          <isin value="US605155BQ24"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6500000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.94999935</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Business Finance Corp.</name>
        <lei>549300DYV074JUDKBQ77</lei>
        <title>Mississippi Business Finance Corp., Waste Management, Inc., Project, Series 2004</title>
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        <identifiers>
          <isin value="US60527MAQ24"/>
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        <curCd>USD</curCd>
        <valUSD>1242039.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.70000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Business Finance Corp.</name>
        <lei>549300DYV074JUDKBQ77</lei>
        <title>Mississippi Business Finance Corp., Gulf Opportunity Zone Industrial Development, Chevron USA, Inc., Project, Series 2007B</title>
        <cusip>60528AAT1</cusip>
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          <isin value="US60528AAT16"/>
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        <curCd>USD</curCd>
        <valUSD>20000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.85000030</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Department of Corrections Walnut Grove Correctional Facility Refunding Bonds Project, Series A</title>
        <cusip>60534WBZ0</cusip>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35120.49000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Department of Corrections East Correctional Facility Refunding Bonds Project, Series C</title>
        <cusip>60534WCE6</cusip>
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          <isin value="US60534WCE66"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Ranking County School District Project, Series 2017</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Desoto County Mississippi Highway Project, Series 2024A</title>
        <cusip>60534XWQ5</cusip>
        <identifiers>
          <isin value="US60534XWQ59"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Desoto County Mississippi Highway Project, Series 2024A</title>
        <cusip>60534XWR3</cusip>
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          <isin value="US60534XWR33"/>
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        <curCd>USD</curCd>
        <valUSD>2114593.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2016B</title>
        <cusip>605581HS9</cusip>
        <identifiers>
          <isin value="US605581HS95"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25288.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2016B</title>
        <cusip>605581HZ3</cusip>
        <identifiers>
          <isin value="US605581HZ39"/>
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        <curCd>USD</curCd>
        <valUSD>20230.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2017A</title>
        <cusip>605581JJ7</cusip>
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          <isin value="US605581JJ78"/>
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        <curCd>USD</curCd>
        <valUSD>50402.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2017A</title>
        <cusip>605581JQ1</cusip>
        <identifiers>
          <isin value="US605581JQ12"/>
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        <balance>20000.00000000</balance>
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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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        <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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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>New Jersey Building Authority</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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of North Carolina</name>
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          <isin value="US65829QGB41"/>
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        <curCd>USD</curCd>
        <valUSD>1532858.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
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          <isin value="US65830RBF55"/>
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        <curCd>USD</curCd>
        <valUSD>506195.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US65887PXA82"/>
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        <curCd>USD</curCd>
        <valUSD>201147.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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          <isin value="US658909YZ32"/>
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        <curCd>USD</curCd>
        <valUSD>124667.78000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
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        <cusip>65956NGQ3</cusip>
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          <isin value="US65956NGQ34"/>
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        <curCd>USD</curCd>
        <valUSD>111322.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Harris County Regional Water Authority</name>
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          <isin value="US65956NGR17"/>
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        <curCd>USD</curCd>
        <valUSD>703322.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>North Harris County Regional Water Authority</name>
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        <cusip>65956NGS9</cusip>
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          <isin value="US65956NGS99"/>
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        <curCd>USD</curCd>
        <valUSD>35408.33000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>North Middlesex Regional School District/MA</name>
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          <isin value="US661139NU51"/>
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        <curCd>USD</curCd>
        <valUSD>11464392.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of North Olmsted OH</name>
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        <cusip>661292ZF2</cusip>
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          <isin value="US661292ZF26"/>
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        <curCd>USD</curCd>
        <valUSD>2876620.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North St Paul-Maplewood-Oakdale Independent School District No. 622</name>
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        <identifiers>
          <isin value="US662152GW17"/>
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        <curCd>USD</curCd>
        <valUSD>262619.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of North Slope AK</name>
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        <curCd>USD</curCd>
        <valUSD>120119.68000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>46143.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Borough of North Slope AK</name>
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          <isin value="US662523P948"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of North Slope AK</name>
        <lei>N/A</lei>
        <title>Borough of North Slope, Series 2025</title>
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          <isin value="US662523X462"/>
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        <curCd>USD</curCd>
        <valUSD>2003584.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-30</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WT309"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WZJ8</cusip>
        <identifiers>
          <isin value="US66285WZJ88"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WZK51"/>
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        <valUSD>51704.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Second Tier, Series 2019B</title>
        <cusip>66285WZL3</cusip>
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          <isin value="US66285WZL35"/>
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        <curCd>USD</curCd>
        <valUSD>428446.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2021A</title>
        <cusip>662903C50</cusip>
        <identifiers>
          <isin value="US662903C502"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26830.49000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2025</title>
        <cusip>662903G72</cusip>
        <identifiers>
          <isin value="US662903G727"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50291.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2016</title>
        <cusip>662903QV8</cusip>
        <identifiers>
          <isin value="US662903QV83"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145846.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2020</title>
        <cusip>662903ZE6</cusip>
        <identifiers>
          <isin value="US662903ZE67"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031182.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Northern Illinois Municipal Power Agency</name>
        <lei>VWCV6ROJUT9NS55JU583</lei>
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        <cusip>665250CK0</cusip>
        <identifiers>
          <isin value="US665250CK01"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96025.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Northern Illinois Municipal Power Agency</name>
        <lei>VWCV6ROJUT9NS55JU583</lei>
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        <cusip>665250CN4</cusip>
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          <isin value="US665250CN40"/>
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        <curCd>USD</curCd>
        <valUSD>1327448.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Nueces River Authority</name>
        <lei>N/A</lei>
        <title>Nueces River Authority, Series 2015</title>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20129.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ogden City School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <lei>5493005LEB5E170OMX59</lei>
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        <valUSD>25556.58000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Infrastructure Improvement, Series 2025A</title>
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        <valUSD>12254685.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Infrastructure Improvement, Series 2025A</title>
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        <balance>7500000.00000000</balance>
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        <valUSD>8145849.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Oklahoma City OK</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oklahoma City Public Property Authority</name>
        <lei>N/A</lei>
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          <isin value="US678604AA76"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma City Water Utilities Trust</name>
        <lei>N/A</lei>
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          <isin value="US678657MV65"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma County Independent School District No. 52 Midwest City-Del City</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>Oklahoma Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Municipal Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma State University</name>
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        <title>Oklahoma State University, Series 2020A</title>
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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>Omaha Public Power District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Omaha Public Power District</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Orange County Health Facilities Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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>Orange County Convention Center/Orlando</name>
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          <isin value="US684545A897"/>
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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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      <invstOrSec>
        <name>Town of Orange MA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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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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        <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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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          <isin value="US70914PZ960"/>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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          <isin value="US709221UE33"/>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission Registration Fee Revenue</name>
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        <lei>549300H8UJ7V5WU5IA90</lei>
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        <name>City of Phoenix Civic Improvement Corp.</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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        <name>Piedmont Municipal Power Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pike Township Multi-School Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pike Township Multi-School Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pima County Regional Transportation Authority Excise Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pima County Unified School District No. 1 Tucson</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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        <name>County of Pima AZ Sewer System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Railsplitter Tobacco Settlement Authority</name>
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        <name>City of Raleigh NC Combined Enterprise System Revenue</name>
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        <name>City of Raleigh NC Combined Enterprise System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Sarasota County School Board</name>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US83715BCJ44"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Conservancy District</name>
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          <isin value="US837545LR11"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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          <isin value="US838810DR74"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant Regional Water District Water Supply System Revenue</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tarrant Regional Water District Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District Water Supply System, Series 2026</title>
        <cusip>876443WF5</cusip>
        <identifiers>
          <isin value="US876443WF54"/>
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        <balance>23790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25298975.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tarrant Regional Water District Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District Water Supply System, Series 2026</title>
        <cusip>876443WG3</cusip>
        <identifiers>
          <isin value="US876443WG38"/>
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        <balance>4395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4756955.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Township of Teaneck NJ</name>
        <lei>N/A</lei>
        <title>Township of Teaneck, Series 2025</title>
        <cusip>878164FJ6</cusip>
        <identifiers>
          <isin value="US878164FJ62"/>
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        <balance>31400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31623737.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Tempe AZ</name>
        <lei>N/A</lei>
        <title>City of Tempe, Series B</title>
        <cusip>8797094B6</cusip>
        <identifiers>
          <isin value="US8797094B62"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35035.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tennessee Energy Acquisition Corp.</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>Tennessee Energy Acquisition Corp., Commodity Project, Series 2021A</title>
        <cusip>88044TAE9</cusip>
        <identifiers>
          <isin value="US88044TAE91"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503489.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Tennessee</name>
        <lei>N/A</lei>
        <title>State of Tennessee, Series B</title>
        <cusip>880541XH5</cusip>
        <identifiers>
          <isin value="US880541XH54"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40153.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Higher Educational Facilities Second Program, Series 2015B</title>
        <cusip>880558HK0</cusip>
        <identifiers>
          <isin value="US880558HK00"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30049.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Higher Educational Facilities Second Program, Series B</title>
        <cusip>880558KC4</cusip>
        <identifiers>
          <isin value="US880558KC47"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56804.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - Texas A&amp;M University System, Series 2023</title>
        <cusip>8821177G3</cusip>
        <identifiers>
          <isin value="US8821177G32"/>
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        <balance>45000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45087.03000000</valUSD>
        <pctVal>0.000708596740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Financing System, Series 2017 C</title>
        <cusip>88213AJE6</cusip>
        <identifiers>
          <isin value="US88213AJE64"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20466.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Financing System, Series 2017C</title>
        <cusip>88213AJF3</cusip>
        <identifiers>
          <isin value="US88213AJF30"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81817.29000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Home Collaborative</name>
        <lei>N/A</lei>
        <title>Texas Home Collaborative, 1518 Apartments, Series 2023</title>
        <cusip>88248CAA8</cusip>
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          <isin value="US88248CAA80"/>
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        <balance>4025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4030115.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
        <lei>549300PTUE847QDBBW22</lei>
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        <cusip>88256PAG5</cusip>
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          <isin value="US88256PAG54"/>
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        <curCd>USD</curCd>
        <valUSD>22765883.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Veterans, Series 2011C</title>
        <cusip>882722Q53</cusip>
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          <isin value="US882722Q534"/>
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        <curCd>USD</curCd>
        <valUSD>10020000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.55000170</annualizedRt>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, College Student Loan, Series 2013B</title>
        <cusip>882723DK2</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Veterans, Series 2013A</title>
        <cusip>882723H85</cusip>
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          <isin value="US882723H853"/>
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        <curCd>USD</curCd>
        <valUSD>8580000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.69999845</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Veterans, Series 2015A</title>
        <cusip>882723J34</cusip>
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          <isin value="US882723J347"/>
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        <balance>13875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13875000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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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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        <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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Transportation Commission</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <name>Texas Water Development Board</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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          <isin value="US88285ACU07"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Tobacco Securitization Authority of Northern California</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US888808HB10"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Tobacco Settlement Financing Corp.</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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        <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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      <invstOrSec>
        <name>University of Michigan</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>University of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US914460TB68"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Minnesota</name>
        <lei>N/A</lei>
        <title>University of Minnesota, Series 2015A</title>
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          <isin value="US914468EU31"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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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>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Board of Regents of the University of Texas System</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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        <fairValLevel>2</fairValLevel>
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        <name>Worcester Regional Transit Authority</name>
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        <name>Wyandotte County Unified School District No. 500 Kansas City</name>
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    </explntrNotes>
    <signature>
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      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
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  <documents>XXXX</documents>
</edgarSubmission>
