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      <invstOrSec>
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        <curCd>USD</curCd>
        <valUSD>69252.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BAN47"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BEY65"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BJN55"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BJP0</cusip>
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          <isin value="US04052BJP04"/>
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        <curCd>USD</curCd>
        <valUSD>1136844.62000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BJX3</cusip>
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          <isin value="US04052BJX38"/>
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        <curCd>USD</curCd>
        <valUSD>694021.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.38000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BJZ8</cusip>
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          <isin value="US04052BJZ85"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754309.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>04110FAB1</cusip>
        <identifiers>
          <isin value="US04110FAB13"/>
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        <balance>2675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2745097.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
        <lei>N/A</lei>
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        <cusip>041807BH0</cusip>
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          <isin value="US041807BH09"/>
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        <balance>2250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.88000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp</name>
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          <isin value="US041807CF34"/>
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        <curCd>USD</curCd>
        <valUSD>1322500.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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        <name>Aubrey Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Austin TX Airport System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX Water &amp; Wastewater System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Avon Community School Building Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ballston Quarter Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ballston Quarter Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
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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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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
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        <balance>1995000.00000000</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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        <name>Black Desert Public Infrastructure District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Broward FL Airport System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Broward FL Tourist Development Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Broward FL Water &amp; Sewer Utility Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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          <isin value="US118217CX40"/>
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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>Build NYC Resource Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>California Community Choice Financing Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
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          <isin value="US130179GV07"/>
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        <balance>920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1046407.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <isin value="US13034A7E44"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Housing Finance Agency</name>
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          <isin value="US13034DBV55"/>
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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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          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US130483KQ25"/>
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        <curCd>USD</curCd>
        <valUSD>2361626.40000000</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>2037-12-01</maturityDt>
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          <annualizedRt>6.10000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>130483KT6</cusip>
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          <isin value="US130483KT63"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>130483LU2</cusip>
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          <isin value="US130483LU28"/>
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        <balance>700000.00000000</balance>
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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>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH MF HSG REVENUE</title>
        <cusip>130483NS5</cusip>
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          <isin value="US130483NS53"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1350000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>CALIFORNIA ST MUNI FIN AUTH REVENUE</title>
        <cusip>13048VCA4</cusip>
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          <isin value="US13048VCA44"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1301275.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13057GAQ2</cusip>
        <identifiers>
          <isin value="US13057GAQ29"/>
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        <balance>2735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2560970.86000000</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>2059-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.38000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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        <cusip>13063AEB6</cusip>
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          <isin value="US13063AEB61"/>
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        <balance>10000.00000000</balance>
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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>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>California Enterprise Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US13067RCZ47"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077DWH15"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA ST STWD CMNTYS DEV AUTH MFH REVENUE</title>
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          <isin value="US13079PB286"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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          <isin value="US14052WDK09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE</title>
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          <isin value="US14054CFG96"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Celebration Pointe Community Development District No 1</name>
        <lei>N/A</lei>
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        <balance>1100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
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        <lei>N/A</lei>
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        <cusip>16772PBY1</cusip>
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          <isin value="US16772PBY16"/>
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        <curCd>USD</curCd>
        <valUSD>4573227.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>CHICAGO IL WTRWKS REVENUE</title>
        <cusip>1677362M8</cusip>
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          <isin value="US1677362M81"/>
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        <curCd>USD</curCd>
        <valUSD>1354117.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Clackamas County School District No 12 North Clackamas</name>
        <lei>N/A</lei>
        <title>CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS</title>
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          <isin value="US179093LA54"/>
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        <curCd>USD</curCd>
        <valUSD>179375.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clackamas County School District No 12 North Clackamas</name>
        <lei>N/A</lei>
        <title>CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS</title>
        <cusip>179093LF4</cusip>
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          <isin value="US179093LF42"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1478223.50000000</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>2038-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp</name>
        <lei>N/A</lei>
        <title>CLIFTON TX HGR EDU FIN CORP EDU REVENUE</title>
        <cusip>187145SU2</cusip>
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          <isin value="US187145SU21"/>
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        <balance>1155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1033250.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Collier County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>COLLIER CNTY FL HLTH FACS AUTH RSDL CARE FAC REVENUE</title>
        <cusip>19463VAW1</cusip>
        <identifiers>
          <isin value="US19463VAW19"/>
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        <balance>2115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1739649.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</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>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REVENUE</title>
        <cusip>19648FWS9</cusip>
        <identifiers>
          <isin value="US19648FWS90"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2579949.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REVENUE</title>
        <cusip>19648FWT7</cusip>
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          <isin value="US19648FWT73"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>597535.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>COLORADO ST HLTH FACS AUTH REVENUE</title>
        <cusip>19648FWU4</cusip>
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          <isin value="US19648FWU47"/>
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        <balance>3110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3183967.93000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Housing and Finance Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DN992"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
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          <isin value="US20775HH482"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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          <isin value="US2084185M19"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>City of Corpus Christi TX Utility System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Cuyahoga OH</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Dallas Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of DeKalb GA Water &amp; Sewerage Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Del Valle Independent School District TX</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>University of Florida Department of Housing &amp; Residence Education Hsg Sys Rev</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Geisinger Authority</name>
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        <name>Georgia Housing &amp; Finance Authority</name>
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        <name>Glendale Industrial Development 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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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greater Orlando Aviation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Hamilton OH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Henderson KY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Henrico County Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hillsborough County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300ISBFGI8MJJKM98</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45471GAX79"/>
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        <valUSD>2307233.74000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45505MLT17"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iowa Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>Kentucky Public Transportation Infrastructure Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kindred Community Development District II</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>City of Lakeland FL Department of Electric Utilities</name>
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          <isin value="US51166FGT03"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4733281.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US51265KAZ12"/>
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        <curCd>USD</curCd>
        <valUSD>100871.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US51265KBA51"/>
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        <curCd>USD</curCd>
        <valUSD>472907.51000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US51265KBB35"/>
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        <curCd>USD</curCd>
        <valUSD>771182.10000000</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>5.38000000</annualizedRt>
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      <invstOrSec>
        <name>Lakewood Ranch Stewardship District</name>
        <lei>N/A</lei>
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          <isin value="US51265KFJ25"/>
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        <curCd>USD</curCd>
        <valUSD>1385822.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lancaster County Hospital Authority/PA</name>
        <lei>N/A</lei>
        <title>LANCASTER CNTY PA HOSP AUTH</title>
        <cusip>514045W66</cusip>
        <identifiers>
          <isin value="US514045W666"/>
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        <balance>2940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2948723.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>LANCASTER PA INDL DEV AUTH</title>
        <cusip>514349CW7</cusip>
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          <isin value="US514349CW75"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>984056.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No 814</name>
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          <isin value="US51778UAR77"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334721.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</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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      <invstOrSec>
        <name>City of Las Vegas NV Special Improvement District No 814</name>
        <lei>N/A</lei>
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          <isin value="US51778UAS50"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>863391.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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          <isin value="US517845TK98"/>
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        <balance>1405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1468368.31000000</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>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US521841S808"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Lee FL Airport Revenue</name>
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          <isin value="US523470HW56"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lee County Industrial Development Authority/FL</name>
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          <isin value="US52349EES54"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Lee County Industrial Development Authority/FL</name>
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          <isin value="US52349EET38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Lenexa KS</name>
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          <isin value="US526039CU43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Beach Unified School District</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>Longview Independent School District</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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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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          <isin value="US594698QT24"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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          <isin value="US594698QV79"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Middlesex County Improvement Authority</name>
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          <isin value="US596565AE16"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Midland County Fresh Water Supply District No 1</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>
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          <isin value="US650028ZR75"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development 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>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
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          <annualizedRt>5.63000000</annualizedRt>
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        <name>New York Transportation Development Corp</name>
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          <isin value="US650116HQ22"/>
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        <valUSD>5105961.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>New York Transportation Development Corp</name>
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          <isin value="US650116HR05"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp</name>
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          <isin value="US650116HT60"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp</name>
        <lei>N/A</lei>
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          <isin value="US650116JJ60"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US650116JQ04"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Dakota Housing Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Northwest Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Norwalk-La Mirada Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Housing Finance Agency</name>
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          <isin value="US676900WE97"/>
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        <valUSD>786302.94000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>5.63000000</annualizedRt>
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        <name>Ohio Housing Finance Agency</name>
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          <isin value="US676900WJ84"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>State of Ohio</name>
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        <balance>4420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3848230.13000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Oklahoma Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Municipal Power Authority</name>
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        <valUSD>3934790.37000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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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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        <name>Orange County Health Facilities 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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        <name>Patriots Energy Group Financing Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Economic Development Financing 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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        <name>Philadelphia Authority for Industrial Development</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>Industrial Development Authority of the City of Phoenix Arizona/The</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Industrial Development Authority of the County of Pima/The</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>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
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          <isin value="US795576HM22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
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          <isin value="US795576NB92"/>
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        <balance>4685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4887548.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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          <isin value="US79574CFL28"/>
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        <curCd>USD</curCd>
        <valUSD>5184831.00000000</valUSD>
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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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      <invstOrSec>
        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
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        <cusip>79625GMF7</cusip>
        <identifiers>
          <isin value="US79625GMF71"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4722322.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District/CA</name>
        <lei>N/A</lei>
        <title>SAN DIEGO CA UNIF SCH DIST</title>
        <cusip>797355Q31</cusip>
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          <isin value="US797355Q313"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US79739GNW23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <cusip>79766DMA4</cusip>
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          <isin value="US79766DMA45"/>
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        <balance>14215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14455118.36000000</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>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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          <isin value="US79766DYA17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US798755DL57"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Santa Fe NM</name>
        <lei>N/A</lei>
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          <isin value="US802170AP53"/>
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        <balance>425000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
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        <cusip>80329UBK4</cusip>
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          <isin value="US80329UBK43"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seminole Improvement District</name>
        <lei>N/A</lei>
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          <isin value="US816751AB72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
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        <name>Seminole Improvement District</name>
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          <isin value="US816751AC55"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Sierra Vista Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development 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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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US83712GDK22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service 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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        <name>South Dakota Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tahoe-Douglas Visitors Authority</name>
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        <name>City of Tampa FL</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Florida Expressway 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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        <fairValLevel>2</fairValLevel>
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        <name>Energy Southeast A Cooperative District</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>Missouri Housing Development 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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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PORT OF SEATTLE WA REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tampa Bay Water</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Greater Orlando Aviation Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port of Portland OR Airport Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US592647PE51"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-01</maturityDt>
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        <name>Commonwealth of Massachusetts</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System Revenue</name>
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          <isin value="US46615SFN36"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
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          <isin value="US66283ALD62"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Port of Seattle WA</name>
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          <isin value="US7353892S60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Everett WA Water &amp; Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of DeKalb GA Water &amp; Sewerage Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
        <lei>N/A</lei>
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        <identifiers>
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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>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Columbus Regional Airport Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp III</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Texas Department of Housing &amp; Community Affairs</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas State Technical College</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="US888808HQ88"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US888808HT28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp/VA</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HEQ65"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel 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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        <name>University of Kentucky</name>
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        <name>University of Wyoming</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Utah UT</name>
        <lei>N/A</lei>
        <title>UTAH CNTY UT HOSP REVENUE</title>
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        <curCd>USD</curCd>
        <valUSD>2405838.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE</title>
        <cusip>91754TYL1</cusip>
        <identifiers>
          <isin value="US91754TYL15"/>
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        <curCd>USD</curCd>
        <valUSD>181360.72000000</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>
      <invstOrSec>
        <name>Vancouver Housing Authority</name>
        <lei>N/A</lei>
        <title>VANCOUVER WA HSG AUTH</title>
        <cusip>921626QH3</cusip>
        <identifiers>
          <isin value="US921626QH38"/>
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        <curCd>USD</curCd>
        <valUSD>1043974.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Viera Stewardship District</name>
        <lei>N/A</lei>
        <title>VIERA STEWARDSHIP DIST FL SPL ASSMNT REVENUE</title>
        <cusip>92670TAG7</cusip>
        <identifiers>
          <isin value="US92670TAG76"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>772288.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Village Community Development District No 14</name>
        <lei>N/A</lei>
        <title>VLG FL CDD #14 SPL ASSMNT REVENUE</title>
        <cusip>92708JAE0</cusip>
        <identifiers>
          <isin value="US92708JAE01"/>
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        <balance>1605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1619500.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>Village Community Development District No 15</name>
        <lei>N/A</lei>
        <title>VILLAGE CDD NO 15 SPL ASSMNT REVENUE</title>
        <cusip>92708KAE7</cusip>
        <identifiers>
          <isin value="US92708KAE73"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>693831.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR</title>
        <cusip>928097AD6</cusip>
        <identifiers>
          <isin value="US928097AD68"/>
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        <balance>2555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2501436.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-31</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>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE</title>
        <cusip>928103BT6</cusip>
        <identifiers>
          <isin value="US928103BT61"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673433.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Housing Development Authority</name>
        <lei>549300LW3QBOVLQBP895</lei>
        <title>VIRGINIA ST HSG DEV AUTH</title>
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          <isin value="US92812WNV27"/>
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        <balance>1035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001714.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Housing Development Authority</name>
        <lei>549300LW3QBOVLQBP895</lei>
        <title>VIRGINIA HSG DEV AUTH</title>
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          <isin value="US92812XXX55"/>
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        <curCd>USD</curCd>
        <valUSD>1779858.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.90000000</annualizedRt>
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      <invstOrSec>
        <name>Waller Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>WALLER TX INDEP SCH DIST</title>
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          <isin value="US932493LY39"/>
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        <balance>3300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2904783.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Walnut Valley Unified School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>N/A</lei>
        <title>WASHINGTON ST HLTH CARE FACS AUTH</title>
        <cusip>93978HXL4</cusip>
        <identifiers>
          <isin value="US93978HXL40"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1693453.60000000</valUSD>
        <pctVal>0.119689307173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSION</title>
        <cusip>93978UAA4</cusip>
        <identifiers>
          <isin value="US93978UAA43"/>
        </identifiers>
        <balance>1753177.15000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1671792.74000000</valUSD>
        <pctVal>0.118158368666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.09000000</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 State Housing Finance Commission</name>
        <lei>N/A</lei>
        <title>WASHINGTON ST HSG FIN COMMISSION</title>
        <cusip>93978UDT0</cusip>
        <identifiers>
          <isin value="US93978UDT07"/>
        </identifiers>
        <balance>2016223.48000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1896785.43000000</valUSD>
        <pctVal>0.134060321448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.08000000</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>Westchester Tobacco Asset Securitization Corp</name>
        <lei>N/A</lei>
        <title>WESTCHESTER NY TOBACCO ASSET SECURITIZATION</title>
        <cusip>957480BU9</cusip>
        <identifiers>
          <isin value="US957480BU94"/>
        </identifiers>
        <balance>2740000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2356079.97000000</valUSD>
        <pctVal>0.166522176488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.13000000</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>Westside Community Development District</name>
        <lei>N/A</lei>
        <title>WESTSIDE FL CDD SPL ASSMNT REVENUE</title>
        <cusip>96149TAQ9</cusip>
        <identifiers>
          <isin value="US96149TAQ94"/>
        </identifiers>
        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608559.17000000</valUSD>
        <pctVal>0.043011527113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</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>Westside Community Development District</name>
        <lei>N/A</lei>
        <title>WESTSIDE FL CDD SPL ASSMNT REVENUE</title>
        <cusip>96149TAR7</cusip>
        <identifiers>
          <isin value="US96149TAR77"/>
        </identifiers>
        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>591857.28000000</valUSD>
        <pctVal>0.041831076912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.13000000</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>BlackRock Liquidity Funds</name>
        <lei>5493007YVNX55LTRQ706</lei>
        <title>BlackRock Liquidity Funds: MuniCash, Institutional Shares</title>
        <cusip>09248U841</cusip>
        <identifiers>
          <isin value="US09248U8412"/>
        </identifiers>
        <balance>51853772.42000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51858957.80000000</valUSD>
        <pctVal>3.665268850490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wisconsin Housing &amp; Economic Development Authority Home Ownership Revenue</name>
        <lei>549300AT0SEG8YQT2K79</lei>
        <title>WISCONSIN ST HSG &amp; ECON DEV AUTH HOME OWNERSHIP REVENUE</title>
        <cusip>97689QSN7</cusip>
        <identifiers>
          <isin value="US97689QSN78"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1418932.34000000</valUSD>
        <pctVal>0.100286791855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</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>Wisconsin Housing &amp; Economic Development Authority Home Ownership Revenue</name>
        <lei>549300AT0SEG8YQT2K79</lei>
        <title>WISCONSIN ST HSG &amp; ECON DEV AUTH HOME OWNERSHIP REVENUE</title>
        <cusip>97689QWC6</cusip>
        <identifiers>
          <isin value="US97689QWC67"/>
        </identifiers>
        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299348.93000000</valUSD>
        <pctVal>0.021157276488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH &amp; EDUCTNL FACS AUTH REVENUE</title>
        <cusip>97712JEQ2</cusip>
        <identifiers>
          <isin value="US97712JEQ22"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2555707.80000000</valUSD>
        <pctVal>0.180631400777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH &amp; EDUCTNL FACS AUTH REVENUE</title>
        <cusip>97712JKM4</cusip>
        <identifiers>
          <isin value="US97712JKM44"/>
        </identifiers>
        <balance>6120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6296734.58000000</valUSD>
        <pctVal>0.445038352002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wyoming Community Development Authority</name>
        <lei>549300UQ62NB8FGTHW65</lei>
        <title>WYOMING ST CMNTY DEV AUTH HSG REVENUE</title>
        <cusip>98322QE52</cusip>
        <identifiers>
          <isin value="US98322QE520"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495637.40000000</valUSD>
        <pctVal>0.035030482686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</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>Ysleta Independent School District</name>
        <lei>N/A</lei>
        <title>YSLETA TX INDEP SCH DIST</title>
        <cusip>98816PFN7</cusip>
        <identifiers>
          <isin value="US98816PFN78"/>
        </identifiers>
        <balance>9670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8805936.18000000</valUSD>
        <pctVal>0.622382804228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRIGHTLINE WEST EQ WARRANTS</name>
        <lei>N/A</lei>
        <title>BRIGHTLINE WEST EQ WARRANTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BYDVG2V98"/>
        </identifiers>
        <balance>245960.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>491920.00000000</valUSD>
        <pctVal>0.034767745620</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Brightline West</issuerName>
                <issueTitle>Brightline West</issueTitle>
                <identifiers>
                  <other otherDesc="Private Company" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>5.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2035-11-26</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>491920.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Item B.2.c amount includes liabilities associated with tender option bond transactions." noteItem="B.2.c"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock MuniYield Quality Fund III, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
