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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>CHICAGO IL MIDWA 5.5% 01/01/36</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO IL MIDWA 5.5% 01/01/37</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL MIDWA 5.5% 01/01/38</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>CHICAGO IL MIDW 5.75% 01/01/41</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>CHICAGO IL TRANSIT 5% 06/01/29</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL WSTWTR  5% 01/01/32</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL TRANSIT 5% 12/01/36</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>CHICAGO IL TRANSIT 5% 12/01/49</name>
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          <isin value="US16772PEP71"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>CHICAGO IL WTRWKS  5% 11/01/41</name>
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          <isin value="US1677362A44"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL WTRWKS  5% 11/01/39</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHILTON CNTY AL HL 5% 11/01/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHIPPEWA OH LOCAL  5% 12/01/41</name>
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        <fairValLevel>2</fairValLevel>
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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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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>DIST OF COLUMBIA R 5% 07/01/37</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DIST OF COLUMBIA  V/R 10/01/57</name>
        <lei>549300OT2FIJQJ5PSH71</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>DIST OF COLUMBIA U 5% 04/01/36</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DOUGLAS CNTY CO SC 5% 12/15/42</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DOUGLAS CNTY NE HO 5% 11/01/38</name>
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        <name>DOUGLAS CNTY NE 5.25% 11/01/43</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DOUGLAS CNTY NE 1.75% 12/15/35</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>FLORIDA ST MID-BAY 5% 10/01/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GUNTERSVILLE AL WT 5% 08/01/34</name>
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        <name>HAMILTON IN S ESTR 5% 07/15/40</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LA SALLE &amp; BUREAU  5% 12/01/33</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LA SALLE &amp; BUREAU  5% 12/01/34</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LA VEGA TX INDEP S 4% 02/15/37</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKE CHARLES LA HA 5% 01/01/27</name>
        <lei>N/A</lei>
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          <isin value="US507739BH28"/>
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        <curCd>USD</curCd>
        <valUSD>443303.52000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LAKE CHARLES LA HA 5% 01/01/28</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <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>LAKE CNTY IL CMNTY 5% 01/01/27</name>
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        <title>LAKE CNTY IL CMNTY UNIT SCH DI REGD B/Q B/E BAM 5.00000000</title>
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          <isin value="US508655KL03"/>
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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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>LAKE CNTY IL CON 5.5% 12/01/39</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LAKE CNTY IL CMNTY 5% 01/01/32</name>
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        <title>LAKE CNTY IL CMNTY UNIT SCH DI REGD N/C B/E BAM 5.00000000</title>
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          <isin value="US509262FW67"/>
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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>LAKE CNTY IL CMNTY 5% 01/01/33</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE CNTY IL CMNTY 5% 01/01/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE CNTY IL CMNTY 5% 01/01/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE CNTY IL CMNTY 5% 01/01/39</name>
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        <cusip>509262GD7</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE CNTY OH 5% 12/01/46</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKES OF SARAS 4.125% 05/01/31</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKEWOOD RANCH 3.125% 05/01/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKEWOOD RANCH 3.125% 05/01/41</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MED UNIV SC HOS 5.25% 05/15/36</name>
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        <name>MED UNIV SC HOS 5.25% 05/15/39</name>
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        <name>MED UNIV SC HOS 5.25% 11/15/41</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MED UNIV SC HOS 5.25% 05/15/46</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MED UNIV SC HOSP 5.5% 11/15/50</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MEDINA VLY TX INDE 5% 02/15/40</name>
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        <name>MEMPHIS-SHELBY CNT 5% 07/01/38</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>MONTANA FAC FIN A V/R 06/01/56</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MONTANA ST BRD OF V/R 07/01/46</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>MONTANA ST BRD OF  4% 06/01/50</name>
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        <valUSD>80570.67000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>MONTANA ST BRD  5.75% 06/01/55</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MONTGOMERY CNTY AL 4% 03/01/35</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>PASCO CNTY FL CA 5.5% 09/01/37</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PASCO CNTY FL CA 5.5% 09/01/38</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PASCO CNTY FL CA 5.5% 09/01/39</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>
        <name>PENNSYLVANIA HGR E 5% 06/01/33</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA HGR E 5% 06/01/34</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNSYLVANIA HG 4.75% 06/01/46</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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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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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>
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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>PORT OF GTR CIN 4.75% 03/01/36</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PRAIRIE PT CMNTY A 5% 12/01/35</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PRAIRIE VLG KS 3.125% 04/01/36</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>SPRINGTOWN TX INDE 5% 02/15/48</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>SUMMIT CNTY OH D 5.5% 07/01/60</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>TEXAS ST PRIV ACTI 4% 12/31/32</name>
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        <name>TEXAS ST PRIV  5.375% 06/30/39</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>TEXAS ST 5% 08/01/42</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>TEXAS ST DEPT  5.125% 07/01/55</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRIDIAN TX MUN 6.25% 12/01/28</name>
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        <name>VIRIDIAN TX MUN 6.25% 12/01/30</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>3</fairValLevel>
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            <writtenOrPur>Purchased</writtenOrPur>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
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      <ncom:nameOfApplicant>Bridge Builder Trust</ncom:nameOfApplicant>
      <ncom:signature>Aaron Masek</ncom:signature>
      <ncom:signerName>Aaron Masek</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
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</edgarSubmission>
