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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>TRI-CREEK IN 2002 HIGH SCH BLD</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UTAH ST MUNI PWR AGY PWR SPLYS</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMISSI</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>939783Z82</cusip>
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          <isin value="US939783Z829"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>W HARRIS CNTY TX REGL WTR AUTH</name>
        <lei>N/A</lei>
        <title>West Harris County Regional Water Authority</title>
        <cusip>95308RYX1</cusip>
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          <isin value="US95308RYX15"/>
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        <balance>4500000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4933607.850000000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63608TAR14"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.500000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW BRAUNFELS TX UTILITY REVEN</name>
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        <title>City of New Braunfels TX Utility System Revenue</title>
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          <isin value="US642577H458"/>
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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>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW JERSEY ST ECON DEV AUTH RE</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US645918Z719"/>
          <ticker value="NJSDEV"/>
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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>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US646136WT40"/>
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        <balance>1145000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711975.310000000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured Revenue</title>
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          <isin value="US64971X4D74"/>
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        <balance>7370000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7994145.400000000000</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>
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        <name>NORTH CAROLINA ST</name>
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        <title>State of North Carolina</title>
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          <isin value="US6582565A61"/>
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        <curCd>USD</curCd>
        <valUSD>1585000.000000000000</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>
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      <invstOrSec>
        <name>WILDFLOWER IMPROV ASSN</name>
        <lei>N/A</lei>
        <title>Wildflower Improvement Association</title>
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          <isin value="US96812GAA85"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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        <name>AVON IN CMNTY SCH BLDG CORP</name>
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        <title>Avon Community School Building Corp</title>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA HSG FIN AGY MUNI CT</name>
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          <isin value="US13033DAH89"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>CLAY CNTY MO SCH DIST #R-II SM</name>
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          <isin value="US183513FW50"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <title>State of Connecticut Special Tax Revenue</title>
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          <isin value="US2077582B80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DIST OF COLUMBIA INCOME TAX SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FISHERS TOWN HALL BLDG CORP IN</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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        <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>INLAND EMPIRE CA TOBACCO SECUR</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JOLIET IL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LA PLATA CNTY CO SCH DIST #9-R</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOWER COLORADO RIVER TX AUTH T</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>National Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
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        <title>New York City Municipal Water Finance Authority</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTH EAST TX INDEP SCH DIST</name>
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        <name>OCEANSIDE CA UNIF SCH DIST</name>
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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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PHOENIX AZ CIVIC IMPT CORP DIS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PLATTE CNTY MO REORG SCH DIST#</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>S ESTRN PA TRANSPRTN AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>TEMPE AZ INDL DEV AUTH 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>WASHINGTON ST</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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        <fairValLevel>2</fairValLevel>
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        <name>FRETE 2021-ML08 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>IPS MULTI-SCH BLDG CORP IN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON ST</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CLAY CNTY MO SCH DIST #R-II SM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FEDERAL HOME LOAN MTGE CORP MU</name>
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        <title>Freddie Mac Multifamily ML Certificates</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GREENE CNTY MO REORG SCH DIST#</name>
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        <title>Republic School District No R-3</title>
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        <fairValLevel>2</fairValLevel>
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        <name>INDIANA ST FIN AUTH REVENUE</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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        <title>Indianapolis Local Public Improvement Bond Bank</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SANTA BARBARA CA SECONDARY HIG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SPRINGFIELD MO SCH DIST #R-12</name>
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        <title>Springfield School District No R-12</title>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRGINIA BEACH VA DEV AUTH RSD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE RIDGE IN MULTI-SCH BLDG C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LARIMER WELD &amp; BOULDER CNTY CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLEGHENY CNTY PA SAN AUTH</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>AUSTIN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Austin Independent School District</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Freddie Mac Multifamily</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FRETE 2021-ML10 TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JOBSOHIO BEVERAGE SYS STWD LIQ</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>JOLIET IL</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LAMAR TX CONSOL INDEP SCH DIST</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>PLACENTIA-YORBA LINDA CA UNIF</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>POWAY CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WI 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>LEES SUMMIT MO INDL DEV AUTH S</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>MARYLAND ST STADIUM AUTH REVEN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MIAMI-DADE CNTY FL SPL OBLIG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MOUNT SAN ANTONIO CA CMNTY CLG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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          <isin value="US74442PD510"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA CMNTY CLG DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAN DIEGO CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>S ISLAND SC PUBLIC SVC DIST WT</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>ALASKA ST RAILROAD CORP CRUISE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>AVON IN CMNTY SCH BLDG CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BAY CNTY FL SCH BRD COPS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.875000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>6461362S9</cusip>
        <identifiers>
          <isin value="US6461362S97"/>
        </identifiers>
        <balance>5250000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3146983.880000000000</valUSD>
        <pctVal>0.4204391860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured Revenue</title>
        <cusip>64972JNJ3</cusip>
        <identifiers>
          <isin value="US64972JNJ33"/>
        </identifiers>
        <balance>5000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5509832.500000000000</valUSD>
        <pctVal>0.7361173682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FLC6</cusip>
        <identifiers>
          <isin value="US64990FLC67"/>
        </identifiers>
        <balance>8000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8251616.000000000000</valUSD>
        <pctVal>1.1024215080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTH CAROLINA ST MED CARE COM</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission</title>
        <cusip>65820YSZ0</cusip>
        <identifiers>
          <isin value="US65820YSZ06"/>
        </identifiers>
        <balance>250000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250104.500000000000</valUSD>
        <pctVal>0.0334141312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PORT BEAUMONT TX NAV DIST DOCK</name>
        <lei>549300G8PKBXALUKJY33</lei>
        <title>Port of Beaumont Navigation District</title>
        <cusip>73360CAS3</cusip>
        <identifiers>
          <isin value="US73360CAS35"/>
        </identifiers>
        <balance>1500000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1500126.600000000000</valUSD>
        <pctVal>0.2004179337</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>10.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PXM2</cusip>
        <identifiers>
          <isin value="US74442PXM21"/>
        </identifiers>
        <balance>2000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1952808.800000000000</valUSD>
        <pctVal>0.2608965834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN BERNARDINO CA CMNTY CLG DI</name>
        <lei>549300Y4FPTEP3EQZ007</lei>
        <title>San Bernardino Community College District</title>
        <cusip>796720GG9</cusip>
        <identifiers>
          <isin value="US796720GG99"/>
        </identifiers>
        <balance>12665000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5793034.330000000000</valUSD>
        <pctVal>0.7739533252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CA CMNTY CLG DIST</name>
        <lei>N/A</lei>
        <title>San Diego Community College District</title>
        <cusip>797272KA8</cusip>
        <identifiers>
          <isin value="US797272KA81"/>
        </identifiers>
        <balance>8525000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5323418.350000000000</valUSD>
        <pctVal>0.7112123110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TARRANT CNTY TX CULTURAL EDU F</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp</title>
        <cusip>87638QUE7</cusip>
        <identifiers>
          <isin value="US87638QUE78"/>
        </identifiers>
        <balance>1275000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1359507.770000000000</valUSD>
        <pctVal>0.1816311624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURG CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>Pittsburg Unified School District Financing Authority</title>
        <cusip>724586AW2</cusip>
        <identifiers>
          <isin value="US724586AW25"/>
        </identifiers>
        <balance>3180000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1748594.550000000000</valUSD>
        <pctVal>0.2336134208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURG CALIF UNI SCH DIST</name>
        <lei>N/A</lei>
        <title>Pittsburg Unified School District Financing Authority</title>
        <cusip>724586AZ5</cusip>
        <identifiers>
          <isin value="US724586AZ55"/>
        </identifiers>
        <balance>1940000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010254.220000000000</valUSD>
        <pctVal>0.1349706507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLATTE CNTY MO REORG SCH DIST#</name>
        <lei>N/A</lei>
        <title>Platte County R-III School District</title>
        <cusip>727717LF5</cusip>
        <identifiers>
          <isin value="US727717LF51"/>
        </identifiers>
        <balance>2675000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3105788.420000000000</valUSD>
        <pctVal>0.4149354446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VENICE FL</name>
        <lei>N/A</lei>
        <title>City of Venice FL</title>
        <cusip>922687AH1</cusip>
        <identifiers>
          <isin value="US922687AH14"/>
        </identifiers>
        <balance>850000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850334.220000000000</valUSD>
        <pctVal>0.1136052299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMISSI</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>939783Y42</cusip>
        <identifiers>
          <isin value="US939783Y426"/>
        </identifiers>
        <balance>2000000.000000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1996356.400000000000</valUSD>
        <pctVal>0.2667145724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.200000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The monthly total returns shown in B.5.a. do not reflect the deduction of sales loads or redemption fees.&#10;" noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Trust for Professional Managers</ncom:nameOfApplicant>
      <ncom:signature>/s/ Kelly Strauss</ncom:signature>
      <ncom:signerName>Kelly Strauss</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
