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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY BD DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY BD DEV CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MADISON CNTY KY PUB PPTYS CORP</name>
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          <isin value="US557233AT05"/>
          <ticker value="MPPFAC"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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        <name>SCOTT CNTY KY PUB PROJS CORP</name>
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          <isin value="US809533AS16"/>
          <ticker value="SCOHSG"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>SCOTT CNTY KY PUB PROJS CORP</name>
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          <isin value="US809533AT98"/>
          <ticker value="SCOHSG"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>SCOTT CNTY KY PUB PROJS CORP</name>
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        <title>KY SCOHSG 4 05/01/2043</title>
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          <ticker value="SCOHSG"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>SCOTT CNTY KY PUB PROJS CORP</name>
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        <title>KY SCOHSG 4.25 05/01/2044</title>
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          <isin value="US809533AV45"/>
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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>TAYLOR COUNTY PUBLIC COURTHOUSE CORP (KY)</name>
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          <isin value="US877024BG38"/>
          <ticker value="TAYGEN"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CLARK COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTON COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTON COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY STATE TPK 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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY STATE TPK AUTHORITY</name>
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          <isin value="US491552P589"/>
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        <curCd>USD</curCd>
        <valUSD>501610</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY STATE TPK AUTHORITY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST TPK AUTH</name>
        <lei>N/A</lei>
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          <isin value="US491552V512"/>
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        <curCd>USD</curCd>
        <valUSD>3300081.75</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>5.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST TPK AUTH</name>
        <lei>N/A</lei>
        <title>KY KYSTRN 5 07/01/2040</title>
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          <isin value="US491552V694"/>
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        <curCd>USD</curCd>
        <valUSD>2271600</valUSD>
        <pctVal>0.3562536101</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST TPK AUTH</name>
        <lei>N/A</lei>
        <title>KY KYSTRN 5 07/01/2041</title>
        <cusip>491552V77</cusip>
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          <isin value="US491552V777"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY STATE TPK AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>491552V85</cusip>
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          <isin value="US491552V850"/>
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        <balance>1400000</balance>
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        <curCd>USD</curCd>
        <valUSD>1401652</valUSD>
        <pctVal>0.2198202083</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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          <isin value="US49151FUX67"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151FUX"/>
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        <balance>4165000</balance>
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        <curCd>USD</curCd>
        <valUSD>4194529.85</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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          <isin value="US49151FUY41"/>
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        <curCd>USD</curCd>
        <valUSD>2739796.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>KENTUCKY (KY), COMMONWEALTH OF</name>
        <lei>549300F6MON81PRPVJ50</lei>
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        <cusip>491449AV6</cusip>
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          <isin value="US491449AV60"/>
          <ticker value="KYSCTF"/>
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        <balance>7535000</balance>
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        <valUSD>7535904.2</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>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>KENTUCKY (KY), COMMONWEALTH OF</name>
        <lei>549300F6MON81PRPVJ50</lei>
        <title>KY KYSCTF 4 04/15/2030</title>
        <cusip>491449BF0</cusip>
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          <isin value="US491449BF02"/>
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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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        <name>KENTUCKY (KY), COMMONWEALTH OF</name>
        <lei>549300F6MON81PRPVJ50</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>KENTUCKY (KY), COMMONWEALTH OF</name>
        <lei>549300F6MON81PRPVJ50</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY INTERLOCAL SCH TRANSN ASSN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WARREN CNTY KY</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HENDERSON KY</name>
        <lei>549300UJ32J1O26W1T80</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARSHALL CNTY KY</name>
        <lei>N/A</lei>
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        <cusip>572148AM6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HENDERSON KY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PADUCAH KY</name>
        <lei>N/A</lei>
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          <isin value="US695309NE04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOMERSET (KY), CITY OF</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RICHMOND KY</name>
        <lei>N/A</lei>
        <title>KY RIC 4.38 06/01/2044</title>
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          <isin value="US764870GK16"/>
          <ticker value="RIC"/>
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        <curCd>USD</curCd>
        <valUSD>1145679.7</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAYLOR CNTY KY PUB LIBR DIST</name>
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          <isin value="US877026AV61"/>
          <ticker value="TAYFAC"/>
          <other otherDesc="Internal" value="877026AV"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>TAYLOR CNTY KY PUB LIBR DIST</name>
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        <title>KY TAYFAC 4 12/01/2045</title>
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          <isin value="US877026AW45"/>
          <ticker value="TAYFAC"/>
          <other otherDesc="Internal" value="877026AW"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TAYLOR CNTY KY PUB LIBR DIST</name>
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          <isin value="US877026AX28"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>TAYLOR CNTY KY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US877029AV01"/>
          <ticker value="TAYSCD"/>
          <other otherDesc="Internal" value="877029AV"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <name>KENTON COUNTY AIRPORT BOARD (KY)</name>
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          <isin value="US491026VJ62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTON COUNTY AIRPORT BOARD (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTON COUNTY AIRPORT BOARD (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY BD DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY BD DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY BD DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON COUNTY METRO GOVERNMENT (KY)</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON COUNTY METRO GOVERNMENT (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
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        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
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          <annualizedRt>3.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2036</title>
        <cusip>491197EW5</cusip>
        <identifiers>
          <isin value="US491197EW51"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197EW"/>
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        <balance>445000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>442294.4</valUSD>
        <pctVal>0.0693647547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2037</title>
        <cusip>491197EX3</cusip>
        <identifiers>
          <isin value="US491197EX35"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197EX"/>
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        <balance>460000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>455105.6</valUSD>
        <pctVal>0.0713739272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2036</title>
        <cusip>4912077D2</cusip>
        <identifiers>
          <isin value="US4912077D29"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077D"/>
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        <balance>965000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>815907.5</valUSD>
        <pctVal>0.1279582640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2037</title>
        <cusip>4912077E0</cusip>
        <identifiers>
          <isin value="US4912077E02"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077E"/>
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        <balance>990000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>824541.3</valUSD>
        <pctVal>0.1293122974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2038</title>
        <cusip>4912077F7</cusip>
        <identifiers>
          <isin value="US4912077F76"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077F"/>
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        <balance>1025000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>832863.75</valUSD>
        <pctVal>0.1306175021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2039</title>
        <cusip>4912077G5</cusip>
        <identifiers>
          <isin value="US4912077G59"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077G"/>
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        <balance>1050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>830833.5</valUSD>
        <pctVal>0.1302990992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2040</title>
        <cusip>4912077H3</cusip>
        <identifiers>
          <isin value="US4912077H33"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077H"/>
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        <balance>1030000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>796272.4</valUSD>
        <pctVal>0.1248789035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2041</title>
        <cusip>4912077J9</cusip>
        <identifiers>
          <isin value="US4912077J98"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077J"/>
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        <balance>1065000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>805012.2</valUSD>
        <pctVal>0.1262495609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2042</title>
        <cusip>4912077K6</cusip>
        <identifiers>
          <isin value="US4912077K61"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077K"/>
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        <balance>420000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>310354.8</valUSD>
        <pctVal>0.0486727496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2043</title>
        <cusip>4912077L4</cusip>
        <identifiers>
          <isin value="US4912077L45"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077L"/>
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        <balance>430000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>312446.6</valUSD>
        <pctVal>0.0490008053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2044</title>
        <cusip>4912077M2</cusip>
        <identifiers>
          <isin value="US4912077M28"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077M"/>
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        <balance>450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>320449.5</valUSD>
        <pctVal>0.0502558951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4 02/01/2047</title>
        <cusip>49120FNU8</cusip>
        <identifiers>
          <isin value="US49120FNU83"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FNU"/>
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        <balance>510000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423039.9</valUSD>
        <pctVal>0.0663450835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLITT COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY BULEDU 4 10/01/2037</title>
        <cusip>120280ZC9</cusip>
        <identifiers>
          <isin value="US120280ZC95"/>
          <ticker value="BULEDU"/>
          <other otherDesc="Internal" value="120280ZC"/>
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        <balance>3075000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2854153.5</valUSD>
        <pctVal>0.4476151119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUTLER COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY BUTEDU 4 03/01/2037</title>
        <cusip>123496MB4</cusip>
        <identifiers>
          <isin value="US123496MB46"/>
          <ticker value="BUTEDU"/>
          <other otherDesc="Internal" value="123496MB"/>
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        <balance>360000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334353.6</valUSD>
        <pctVal>0.0524364664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUTLER CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BUTEDU 4.25 03/01/2040</title>
        <cusip>123496ME8</cusip>
        <identifiers>
          <isin value="US123496ME84"/>
          <ticker value="BUTEDU"/>
          <other otherDesc="Internal" value="123496ME"/>
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        <balance>755000</balance>
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        <curCd>USD</curCd>
        <valUSD>687661.55</valUSD>
        <pctVal>0.1078455317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAMPBELL CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CAMEDU 4 02/01/2045</title>
        <cusip>134290TB1</cusip>
        <identifiers>
          <isin value="US134290TB10"/>
          <ticker value="CAMEDU"/>
          <other otherDesc="Internal" value="134290TB"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>825030</valUSD>
        <pctVal>0.1293889399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMPBELLSVILLE KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CPVEDU 4.5 06/01/2043</title>
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          <isin value="US134515ME21"/>
          <ticker value="CPVEDU"/>
          <other otherDesc="Internal" value="134515ME"/>
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        <balance>685000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632652.3</valUSD>
        <pctVal>0.0992184653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHRISTIAN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CHREDU 4.5 10/01/2042</title>
        <cusip>170704TF7</cusip>
        <identifiers>
          <isin value="US170704TF77"/>
          <ticker value="CHREDU"/>
          <other otherDesc="Internal" value="170704TF"/>
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        <balance>3555000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3319872.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHRISTIAN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CHREDU 4.5 10/01/2043</title>
        <cusip>170704TG5</cusip>
        <identifiers>
          <isin value="US170704TG50"/>
          <ticker value="CHREDU"/>
          <other otherDesc="Internal" value="170704TG"/>
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        <balance>3605000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3330118.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHRISTIAN COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY CHREDU 4.5 10/01/2048</title>
        <cusip>170704TH3</cusip>
        <identifiers>
          <isin value="US170704TH34"/>
          <ticker value="CHREDU"/>
          <other otherDesc="Internal" value="170704TH"/>
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        <balance>3000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2672520</valUSD>
        <pctVal>0.4191296435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLARK COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY CLAEDU 4 03/01/2040</title>
        <cusip>180782LF9</cusip>
        <identifiers>
          <isin value="US180782LF95"/>
          <ticker value="CLAEDU"/>
          <other otherDesc="Internal" value="180782LF"/>
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        <balance>1475000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1304180.25</valUSD>
        <pctVal>0.2045337746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLAY CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CLYEDU 4.25 09/01/2042</title>
        <cusip>183390LW1</cusip>
        <identifiers>
          <isin value="US183390LW19"/>
          <ticker value="CLYEDU"/>
          <other otherDesc="Internal" value="183390LW"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1348440</valUSD>
        <pctVal>0.2114750035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CORBIN KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CRBEDU 4.25 04/01/2042</title>
        <cusip>218183SY8</cusip>
        <identifiers>
          <isin value="US218183SY80"/>
          <ticker value="CRBEDU"/>
          <other otherDesc="Internal" value="218183SY"/>
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        <balance>705000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>622620.75</valUSD>
        <pctVal>0.0976452236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CORBIN KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CRBEDU 4.25 04/01/2043</title>
        <cusip>218183SZ5</cusip>
        <identifiers>
          <isin value="US218183SZ55"/>
          <ticker value="CRBEDU"/>
          <other otherDesc="Internal" value="218183SZ"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437715</valUSD>
        <pctVal>0.0686465702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COVINGTON KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY COVEDU 4 06/01/2041</title>
        <cusip>223400BQ4</cusip>
        <identifiers>
          <isin value="US223400BQ45"/>
          <ticker value="COVEDU"/>
          <other otherDesc="Internal" value="223400BQ"/>
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        <balance>490000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>426486.2</valUSD>
        <pctVal>0.0668855645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAYTON KY INDPT SCH DIST FIN CORP</name>
        <lei>549300DF0BXYB0BCNR91</lei>
        <title>KY DAYEDU 4 04/01/2044</title>
        <cusip>239789NL0</cusip>
        <identifiers>
          <isin value="US239789NL01"/>
          <ticker value="DAYEDU"/>
          <other otherDesc="Internal" value="239789NL"/>
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        <balance>2210000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1827382.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EDMONSON CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY EDMEDU 5 02/01/2046</title>
        <cusip>281150KK7</cusip>
        <identifiers>
          <isin value="US281150KK73"/>
          <ticker value="EDMEDU"/>
          <other otherDesc="Internal" value="281150KK"/>
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        <balance>1045000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004840.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAMPBELLSVILLE KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY CPVEDU 4.5 06/01/2043</title>
        <cusip>134515ME2</cusip>
        <identifiers>
          <isin value="US134515ME21"/>
          <ticker value="CPVEDU"/>
          <other otherDesc="Internal" value="305728GY"/>
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        <balance>530000</balance>
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        <curCd>USD</curCd>
        <valUSD>457326.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FAIRVIEW KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FAIEDU 4 10/01/2042</title>
        <cusip>305728GZ4</cusip>
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          <isin value="US305728GZ49"/>
          <ticker value="FAIEDU"/>
          <other otherDesc="Internal" value="305728GZ"/>
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        <curCd>USD</curCd>
        <valUSD>472976.55</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FAIRVIEW KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FAIEDU 4 10/01/2043</title>
        <cusip>305728HA8</cusip>
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          <isin value="US305728HA88"/>
          <ticker value="FAIEDU"/>
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        <balance>580000</balance>
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        <curCd>USD</curCd>
        <valUSD>489827.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FAIRVIEW KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FAIEDU 4 10/01/2044</title>
        <cusip>305728HB6</cusip>
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          <isin value="US305728HB61"/>
          <ticker value="FAIEDU"/>
          <other otherDesc="Internal" value="305728HB"/>
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        <curCd>USD</curCd>
        <valUSD>430545.15</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY FAYEDU 5 06/01/2047</title>
        <cusip>312432Y84</cusip>
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          <isin value="US312432Y849"/>
          <ticker value="FAYEDU"/>
          <other otherDesc="Internal" value="312432Y8"/>
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        <curCd>USD</curCd>
        <valUSD>955270</valUSD>
        <pctVal>0.1498143978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY FAYEDU 5 06/01/2046</title>
        <cusip>312432Y92</cusip>
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          <isin value="US312432Y922"/>
          <ticker value="FAYEDU"/>
          <other otherDesc="Internal" value="312432Y9"/>
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        <balance>2525000</balance>
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        <curCd>USD</curCd>
        <valUSD>2418091.5</valUSD>
        <pctVal>0.3792277806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLEMING CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FLEEDU 4.25 06/01/2043</title>
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          <isin value="US339162NQ84"/>
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        <curCd>USD</curCd>
        <valUSD>847849</valUSD>
        <pctVal>0.1329676295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLEMING CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FLEEDU 4.25 06/01/2044</title>
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          <isin value="US339162NR67"/>
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        <curCd>USD</curCd>
        <valUSD>879780.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLOYD COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY FLYEDU 3.5 08/01/2031</title>
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        <identifiers>
          <isin value="US343667YA32"/>
          <ticker value="FLYEDU"/>
          <other otherDesc="Internal" value="343667YA"/>
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        <balance>800000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>761528</valUSD>
        <pctVal>0.1194299609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY FKLSCD 5 06/01/2046</title>
        <cusip>35282LAW8</cusip>
        <identifiers>
          <isin value="US35282LAW81"/>
          <ticker value="FKLSCD"/>
          <other otherDesc="Internal" value="35282LAW"/>
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        <balance>2000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1936600</valUSD>
        <pctVal>0.3037157692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FRKEDU 4 02/01/2040</title>
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        <identifiers>
          <isin value="US352840YR75"/>
          <ticker value="FRKEDU"/>
          <other otherDesc="Internal" value="352840YR"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>878500</valUSD>
        <pctVal>0.1377746067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY FRKEDU 4 02/01/2041</title>
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        <identifiers>
          <isin value="US352840YS58"/>
          <ticker value="FRKEDU"/>
          <other otherDesc="Internal" value="352840YS"/>
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        <balance>1020000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877771.2</valUSD>
        <pctVal>0.1376603094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANCOCK CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HANEDU 5 08/01/2041</title>
        <cusip>409877HX8</cusip>
        <identifiers>
          <isin value="US409877HX80"/>
          <ticker value="HANEDU"/>
          <other otherDesc="Internal" value="409877HX"/>
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        <balance>1095000</balance>
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        <curCd>USD</curCd>
        <valUSD>1084750.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANCOCK CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HANEDU 4.5 08/01/2044</title>
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        <identifiers>
          <isin value="US409877JA69"/>
          <ticker value="HANEDU"/>
          <other otherDesc="Internal" value="409877JA"/>
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        <balance>1705000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1528771.2</valUSD>
        <pctVal>0.2397562331</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARDIN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HAREDU 4 02/01/2041</title>
        <cusip>411873D33</cusip>
        <identifiers>
          <isin value="US411873D335"/>
          <ticker value="HAREDU"/>
          <other otherDesc="Internal" value="411873D3"/>
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        <balance>1220000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1049883.2</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARDIN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HAREDU 4 02/01/2042</title>
        <cusip>411873D41</cusip>
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          <isin value="US411873D418"/>
          <ticker value="HAREDU"/>
          <other otherDesc="Internal" value="411873D4"/>
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        <balance>6035000</balance>
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        <curCd>USD</curCd>
        <valUSD>5132888.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HARDIN COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY HAREDU 4 02/01/2044</title>
        <cusip>411873D58</cusip>
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          <isin value="US411873D582"/>
          <ticker value="HAREDU"/>
          <other otherDesc="Internal" value="411873D5"/>
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        <balance>2000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARLAN CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HRLEDU 4.25 09/01/2041</title>
        <cusip>412582EY0</cusip>
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          <isin value="US412582EY09"/>
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        <curCd>USD</curCd>
        <valUSD>500404.8</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARLAN CNTY KY SCH DIST FIN CORP</name>
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        <title>KY HRLEDU 4.38 09/01/2042</title>
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          <isin value="US412582EZ73"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HART CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HRTEDU 5 05/01/2048</title>
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          <isin value="US416080QR36"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>HAZARD KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HAZEDU 4 11/01/2040</title>
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          <isin value="US421388GE32"/>
          <ticker value="HAZEDU"/>
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        <curCd>USD</curCd>
        <valUSD>649021.65</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAZARD KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY HAZEDU 4 11/01/2041</title>
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          <isin value="US421388GF07"/>
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        <balance>735000</balance>
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        <curCd>USD</curCd>
        <valUSD>630394.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      </invstOrSec>
      <invstOrSec>
        <name>HAZARD KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>HENDERSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US424857VX51"/>
          <ticker value="HENEDU"/>
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        <curCd>USD</curCd>
        <valUSD>2092345.15</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOPKINS CNTY KY SCH DIST FIN CORP</name>
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        <title>KY HOPEDU 4 11/01/2047</title>
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          <isin value="US439767YS78"/>
          <ticker value="HOPEDU"/>
          <other otherDesc="Internal" value="439767YS"/>
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        <curCd>USD</curCd>
        <valUSD>1187924.55</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US47309QAU58"/>
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        <curCd>USD</curCd>
        <valUSD>2032668.5</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>JEFFERSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US47309QDW87"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US47309QDX60"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>JOHNSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US478799VU02"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>JOHNSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US478799VV84"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KNOX CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US499463SG30"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>MADISON CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MADISON CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MADISON CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MADISON CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARION COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARION COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <curCd>USD</curCd>
        <valUSD>1053745</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MASON CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCLEAN CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US583030QD63"/>
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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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MEADE COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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          <isin value="US583030QE47"/>
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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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MEADE COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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          <isin value="US583030QF12"/>
          <ticker value="MEAEDU"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MERCER CNTY KY SCH DIST FIN CORP</name>
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        <title>KY MEREDU 4 05/01/2040</title>
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          <isin value="US587825NZ94"/>
          <ticker value="MEREDU"/>
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        <curCd>USD</curCd>
        <valUSD>1367809.1</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MERCER CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US587825PA26"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MERCER CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MERCER CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MERCER CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US587825PZ76"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MONTGOMERY CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MONTGOMERY CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NELSON CNTY KY SCH DIST FIN CORP</name>
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        <title>KY NELEDU 4.12 11/01/2044</title>
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          <isin value="US640345C511"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MADISON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US557250Z754"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NELSON CNTY KY SCH DIST FIN CORP</name>
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        <title>KY NELEDU 4.12 06/01/2042</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEWPORT INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY NEWEDU 3.5 11/01/2028</title>
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          <isin value="US651895DZ46"/>
          <ticker value="NEWEDU"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>OWENSBORO KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>PARIS KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>PARIS KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <name>PARIS KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PIKE COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>POWELL CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NELSON CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US640345C511"/>
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        <fairValLevel>2</fairValLevel>
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        <name>RACELAND-WORTHINGTON INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROBERTSON CNTY KY SCH DIST FIN CORP</name>
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        <name>ROCKCASTLE CNTY KY SCH DIST FIN CORP</name>
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        <name>ROCKCASTLE CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WAYNE CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
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          <isin value="US944480SE36"/>
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        <curCd>USD</curCd>
        <valUSD>905530.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>WILLIAMSTOWN INDEPENDENT SCHOOL DISTRICT (KY)</name>
        <lei>N/A</lei>
        <title>KY WMTEDU 4.12 05/01/2044</title>
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          <isin value="US970347LW88"/>
          <ticker value="WMTEDU"/>
          <other otherDesc="Internal" value="970347LW"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>418616.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODFORD COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY WOOEDU 5 08/01/2038</title>
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          <isin value="US979385NK35"/>
          <ticker value="WOOEDU"/>
          <other otherDesc="Internal" value="979385NK"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1675740</valUSD>
        <pctVal>0.2628052582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODFORD CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY WOOEDU 5 08/01/2039</title>
        <cusip>979385NL1</cusip>
        <identifiers>
          <isin value="US979385NL18"/>
          <ticker value="WOOEDU"/>
          <other otherDesc="Internal" value="979385NL"/>
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        <balance>350000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>351911</valUSD>
        <pctVal>0.0551899825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 3.65 07/01/2027</title>
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          <isin value="US491309CQ15"/>
          <ticker value="KYSSFH"/>
          <other otherDesc="Internal" value="491309CQ"/>
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        <curCd>USD</curCd>
        <valUSD>657980.4</valUSD>
        <pctVal>0.1031906554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.650000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 3.75 07/01/2028</title>
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          <isin value="US491309CS70"/>
          <ticker value="KYSSFH"/>
          <other otherDesc="Internal" value="491309CS"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343478.55</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 3.85 07/01/2029</title>
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          <isin value="US491309CU27"/>
          <ticker value="KYSSFH"/>
          <other otherDesc="Internal" value="491309CU"/>
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        <curCd>USD</curCd>
        <valUSD>445000.5</valUSD>
        <pctVal>0.0697891507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.850000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
        <title>KY KYSSFH 4.25 01/01/2034</title>
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          <isin value="US491309DD92"/>
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        <curCd>USD</curCd>
        <valUSD>245700</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>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
        <title>KY KYSSFH 4.3 07/01/2034</title>
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          <isin value="US491309DE75"/>
          <ticker value="KYSSFH"/>
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        <curCd>USD</curCd>
        <valUSD>318266</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 3.4 07/01/2030</title>
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          <isin value="US491309DZ05"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>549300NTBUU903EKQ287</lei>
        <title>KY KYSSFH 4.4 07/01/2044</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>KENTUCKY HSG CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
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          <isin value="US491309LG32"/>
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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>Fixed</couponKind>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 4.9 07/01/2045</title>
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          <isin value="US491309PQ77"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.900000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 4.8 07/01/2045</title>
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          <isin value="US491309QK98"/>
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        <curCd>USD</curCd>
        <valUSD>2239888.35</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.800000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 4.55 07/01/2046</title>
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          <isin value="US491309RG77"/>
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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>Fixed</couponKind>
          <annualizedRt>4.550000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY HSG CORP</name>
        <lei>N/A</lei>
        <title>KY KYSSFH 4.7 07/01/2046</title>
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          <isin value="US491309SM37"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BOYLE (KY), COUNTY OF</name>
        <lei>N/A</lei>
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          <ticker value="BYLEDU"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>BOYLE CNTY KY EDL FACS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY BOND DEVELOPMENT CORP (KY)</name>
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        <fairValLevel>2</fairValLevel>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND DEVELOPMENT CORP (KY)</name>
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          <isin value="US491208AE47"/>
          <ticker value="KYSMED"/>
          <other otherDesc="Internal" value="491208AE"/>
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        <balance>1340000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1292818.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND DEVELOPMENT CORP (KY)</name>
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        <title>KY KSYEDU 4 06/01/2029</title>
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          <isin value="US49120ABA60"/>
          <ticker value="KSYEDU"/>
          <other otherDesc="Internal" value="49120ABA"/>
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        <balance>320000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>316316.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD DEV CORP</name>
        <lei>N/A</lei>
        <title>KY KSYEDU 4 06/01/2030</title>
        <cusip>49120ABB4</cusip>
        <identifiers>
          <isin value="US49120ABB44"/>
          <ticker value="KSYEDU"/>
          <other otherDesc="Internal" value="49120ABB"/>
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        <balance>170000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166977.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND DEVELOPMENT CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KSYEDU 4 06/01/2038</title>
        <cusip>49120ABJ7</cusip>
        <identifiers>
          <isin value="US49120ABJ79"/>
          <ticker value="KSYEDU"/>
          <other otherDesc="Internal" value="49120ABJ"/>
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        <balance>200000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>174088</valUSD>
        <pctVal>0.0273021124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND DEVELOPMENT CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KSYEDU 4 06/01/2046</title>
        <cusip>49120ABN8</cusip>
        <identifiers>
          <isin value="US49120ABN81"/>
          <ticker value="KSYEDU"/>
          <other otherDesc="Internal" value="49120ABN"/>
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        <balance>2545000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1961686</valUSD>
        <pctVal>0.3076499909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MURRAY STATE UNIV KY GEN RCPTS</name>
        <lei>N/A</lei>
        <title>KY MURHGR 3 09/01/2039</title>
        <cusip>627175HK1</cusip>
        <identifiers>
          <isin value="US627175HK16"/>
          <ticker value="MURHGR"/>
          <other otherDesc="Internal" value="627175HK"/>
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        <balance>1390000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1081447.8</valUSD>
        <pctVal>0.1696027835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MURRAY STATE UNIV KY GEN RCPTS</name>
        <lei>N/A</lei>
        <title>KY MURHGR 3 09/01/2041</title>
        <cusip>627175HL9</cusip>
        <identifiers>
          <isin value="US627175HL98"/>
          <ticker value="MURHGR"/>
          <other otherDesc="Internal" value="627175HL"/>
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        <balance>1470000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1090534.2</valUSD>
        <pctVal>0.1710277979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MURRAY ST UNIV KY GEN RCPTS</name>
        <lei>N/A</lei>
        <title>KY MURHGR 4 03/01/2043</title>
        <cusip>627175JF0</cusip>
        <identifiers>
          <isin value="US627175JF03"/>
          <ticker value="MURHGR"/>
          <other otherDesc="Internal" value="627175JF"/>
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        <balance>1410000</balance>
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        <curCd>USD</curCd>
        <valUSD>1181833.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF KENTUCKY (KY)</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>KY UKYHGR 4 10/01/2030</title>
        <cusip>914378MC5</cusip>
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          <isin value="US914378MC57"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914378MC"/>
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        <curCd>USD</curCd>
        <valUSD>87917.4</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF KENTUCKY (KY)</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>KY UKYHGR 4 10/01/2032</title>
        <cusip>914378ME1</cusip>
        <identifiers>
          <isin value="US914378ME14"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914378ME"/>
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        <balance>750000</balance>
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        <curCd>USD</curCd>
        <valUSD>727012.5</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF KENTUCKY (KY)</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>KY UKYHGR 4 10/01/2036</title>
        <cusip>914378MJ0</cusip>
        <identifiers>
          <isin value="US914378MJ01"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914378MJ"/>
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        <balance>6660000</balance>
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        <curCd>USD</curCd>
        <valUSD>6190470</valUSD>
        <pctVal>0.9708475461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY OF KENTUCKY (KY)</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>KY UKYHGR 4 10/01/2038</title>
        <cusip>914378ML5</cusip>
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          <isin value="US914378ML56"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914378ML"/>
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        <curCd>USD</curCd>
        <valUSD>9801956.45</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY KY</name>
        <lei>N/A</lei>
        <title>KY UKYHGR 4 10/01/2044</title>
        <cusip>914383AV6</cusip>
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          <isin value="US914383AV69"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914383AV"/>
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        <balance>1650000</balance>
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        <curCd>USD</curCd>
        <valUSD>1386132</valUSD>
        <pctVal>0.2173862164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY KY</name>
        <lei>N/A</lei>
        <title>KY UKYHGR 5 04/01/2044</title>
        <cusip>914383BL7</cusip>
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          <isin value="US914383BL78"/>
          <ticker value="UKYHGR"/>
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        <balance>1275000</balance>
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        <curCd>USD</curCd>
        <valUSD>1264723.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSITY KY</name>
        <lei>N/A</lei>
        <title>KY UKYHGR 5 04/01/2045</title>
        <cusip>914383BM5</cusip>
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          <isin value="US914383BM51"/>
          <ticker value="UKYHGR"/>
          <other otherDesc="Internal" value="914383BM"/>
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        <balance>1725000</balance>
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        <curCd>USD</curCd>
        <valUSD>1700436</valUSD>
        <pctVal>0.2666783165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY LOUISVILLE KY</name>
        <lei>N/A</lei>
        <title>KY ULVHGR 4 09/01/2030</title>
        <cusip>914391V61</cusip>
        <identifiers>
          <isin value="US914391V613"/>
          <ticker value="ULVHGR"/>
          <other otherDesc="Internal" value="914391V6"/>
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        <balance>745000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>741237.75</valUSD>
        <pctVal>0.1162478537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY OF LOUISVILLE (KY)</name>
        <lei>N/A</lei>
        <title>KY ULVHGR 3 09/01/2039</title>
        <cusip>914391W78</cusip>
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          <isin value="US914391W785"/>
          <ticker value="ULVHGR"/>
          <other otherDesc="Internal" value="914391W7"/>
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        <balance>1450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1128129</valUSD>
        <pctVal>0.1769237669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY OF LOUISVILLE (KY)</name>
        <lei>N/A</lei>
        <title>KY ULVHGR 3 09/01/2040</title>
        <cusip>914391W86</cusip>
        <identifiers>
          <isin value="US914391W868"/>
          <ticker value="ULVHGR"/>
          <other otherDesc="Internal" value="914391W8"/>
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        <balance>1495000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1146993.9</valUSD>
        <pctVal>0.1798823374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIVERSITY LOUISVILLE KY</name>
        <lei>N/A</lei>
        <title>KY ULVHGR 3 09/01/2042</title>
        <cusip>914391X28</cusip>
        <identifiers>
          <isin value="US914391X288"/>
          <ticker value="ULVHGR"/>
          <other otherDesc="Internal" value="914391X2"/>
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        <balance>1575000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1144552.5</valUSD>
        <pctVal>0.1794994542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WSTRN KY UNIV</name>
        <lei>N/A</lei>
        <title>KY WKUHGR 4 09/01/2034</title>
        <cusip>9585194M9</cusip>
        <identifiers>
          <isin value="US9585194M90"/>
          <ticker value="WKUHGR"/>
          <other otherDesc="Internal" value="9585194M"/>
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        <balance>575000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>554150.5</valUSD>
        <pctVal>0.0869070770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WSTRN KY UNIV</name>
        <lei>N/A</lei>
        <title>KY WKUHGR 4 09/01/2035</title>
        <cusip>9585194N7</cusip>
        <identifiers>
          <isin value="US9585194N73"/>
          <ticker value="WKUHGR"/>
          <other otherDesc="Internal" value="9585194N"/>
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        <balance>595000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>564500.3</valUSD>
        <pctVal>0.0885302297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN KY UNIV</name>
        <lei>N/A</lei>
        <title>KY WKUHGR 4 09/01/2036</title>
        <cusip>9585194P2</cusip>
        <identifiers>
          <isin value="US9585194P22"/>
          <ticker value="WKUHGR"/>
          <other otherDesc="Internal" value="9585194P"/>
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        <balance>620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>579799.2</valUSD>
        <pctVal>0.0909295466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN KY UNIV</name>
        <lei>N/A</lei>
        <title>KY WKUHGR 5 09/01/2029</title>
        <cusip>9585195V8</cusip>
        <identifiers>
          <isin value="US9585195V80"/>
          <ticker value="WKUHGR"/>
          <other otherDesc="Internal" value="9585195V"/>
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        <balance>750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>769612.5</valUSD>
        <pctVal>0.1206978480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN KY UNIV</name>
        <lei>N/A</lei>
        <title>KY WKUHGR 4 09/01/2044</title>
        <cusip>9585195Z9</cusip>
        <identifiers>
          <isin value="US9585195Z94"/>
          <ticker value="WKUHGR"/>
          <other otherDesc="Internal" value="9585195Z"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2083500</valUSD>
        <pctVal>0.3267540045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.38 02/01/2041</title>
        <cusip>49120FPU6</cusip>
        <identifiers>
          <isin value="US49120FPU65"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FPU"/>
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        <balance>920000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>849160</valUSD>
        <pctVal>0.1331732328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.38 02/01/2043</title>
        <cusip>49120FPW2</cusip>
        <identifiers>
          <isin value="US49120FPW22"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FPW"/>
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        <balance>455000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>407966.65</valUSD>
        <pctVal>0.0639811551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.38 02/01/2046</title>
        <cusip>49120FPZ5</cusip>
        <identifiers>
          <isin value="US49120FPZ52"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FPZ"/>
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        <balance>475000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>416465.75</valUSD>
        <pctVal>0.0653140636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.375000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.75 02/01/2045</title>
        <cusip>49120FRD2</cusip>
        <identifiers>
          <isin value="US49120FRD23"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FQA"/>
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        <balance>765000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667164.15</valUSD>
        <pctVal>0.1046309372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.75 02/01/2047</title>
        <cusip>49120FRF7</cusip>
        <identifiers>
          <isin value="US49120FRF70"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FRD"/>
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        <balance>585000</balance>
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        <curCd>USD</curCd>
        <valUSD>544272.3</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4.75 02/01/2047</title>
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          <isin value="US49120FRF70"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FRF"/>
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        <balance>570000</balance>
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        <curCd>USD</curCd>
        <valUSD>526554.6</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5 03/01/2046</title>
        <cusip>49151HCG9</cusip>
        <identifiers>
          <isin value="US49151HCG92"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151HCG"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2451200</valUSD>
        <pctVal>0.3844201660</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</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>REGIONAL AIRPORT AUTHORITY OF LOUISVILLE &amp; JEFFERSON COUNTY (KY)</name>
        <lei>N/A</lei>
        <title>KY LOUFAC 4 06/01/2034</title>
        <cusip>546604FR5</cusip>
        <identifiers>
          <isin value="US546604FR55"/>
          <ticker value="LOUFAC"/>
          <other otherDesc="Internal" value="546604FR"/>
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        <balance>1450000</balance>
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        <curCd>USD</curCd>
        <valUSD>1371758</valUSD>
        <pctVal>0.2151319509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAMPBELL KENTON AND BOONE COUNTIES SANITATION DISTRICT N.1 (KY)</name>
        <lei>N/A</lei>
        <title>KY CAMUTL 4 08/01/2031</title>
        <cusip>134041JF0</cusip>
        <identifiers>
          <isin value="US134041JF02"/>
          <ticker value="CAMUTL"/>
          <other otherDesc="Internal" value="134041JF"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>978860</valUSD>
        <pctVal>0.1535140028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
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          <isin value="US491196S779"/>
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        <curCd>USD</curCd>
        <valUSD>402910.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
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          <isin value="US491196S936"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY RURAL WATER FINANCE CORP</name>
        <lei>N/A</lei>
        <title>KY KYSWTR 5.12 02/01/2035</title>
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          <isin value="US49140MWW53"/>
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        <balance>295000</balance>
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        <curCd>USD</curCd>
        <valUSD>295008.85</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.125000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY RURAL WATER FINANCE CORP</name>
        <lei>N/A</lei>
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          <isin value="US49140NBT37"/>
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        <balance>240000</balance>
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        <curCd>USD</curCd>
        <valUSD>221896.8</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY RURAL WATER FINANCE CORP</name>
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        <title>KY KYSWTR 3 02/01/2033</title>
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          <isin value="US49140NBU00"/>
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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>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>KENTUCKY RURAL WTR FIN CORP</name>
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        <title>KY KYSWTR 5 08/01/2029</title>
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          <isin value="US49140NJH17"/>
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          <other otherDesc="Internal" value="49140NJH"/>
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        <balance>595000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY RURAL WATER FINANCE CORP</name>
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        <title>KY KYSWTR 3 08/01/2036</title>
        <cusip>49140NJQ1</cusip>
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          <isin value="US49140NJQ16"/>
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          <other otherDesc="Internal" value="49140NJQ"/>
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        <balance>285000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY RURAL WATER FINANCE CORP</name>
        <lei>N/A</lei>
        <title>KY KYSWTR 3 08/01/2037</title>
        <cusip>49140NJR9</cusip>
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          <isin value="US49140NJR98"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON COUNTY METROPOLITAN SEWER DISTRICT (KY)</name>
        <lei>5493004O4I11L8BK0A22</lei>
        <title>KY LOUUTL 4 05/15/2037</title>
        <cusip>546589J86</cusip>
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          <isin value="US546589J860"/>
          <ticker value="LOUUTL"/>
          <other otherDesc="Internal" value="546589J8"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9300300</valUSD>
        <pctVal>1.4585602440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MURRAY KY ELEC PLT BRD</name>
        <lei>N/A</lei>
        <title>KY MURPWR 3 12/01/2036</title>
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          <isin value="US627085FA68"/>
          <ticker value="MURPWR"/>
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        <balance>370000</balance>
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        <curCd>USD</curCd>
        <valUSD>308924.1</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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      <invstOrSec>
        <name>MURRAY KY ELEC PLT BRD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MURRAY KY ELEC PLT BRD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MURRAY KY ELEC PLT BRD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MURRAY KY ELEC PLT BRD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MURRAY KY ELEC PLT BRD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MURRAY KY ELEC PLT BRD</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>327221.85</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OWENSBORO-DAVIESS CNTY KY REGL WTR RES AGY</name>
        <lei>N/A</lei>
        <title>KY OWEWTR 4 12/01/2043</title>
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          <isin value="US690882DX09"/>
          <ticker value="OWEWTR"/>
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        <curCd>USD</curCd>
        <valUSD>674832</valUSD>
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        <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>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEPWR 4 01/01/2031</title>
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          <isin value="US691021LW75"/>
          <ticker value="OWEPWR"/>
          <other otherDesc="Internal" value="691021LW"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>242721.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEPWR 4 01/01/2033</title>
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          <isin value="US691021LY32"/>
          <ticker value="OWEPWR"/>
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        <curCd>USD</curCd>
        <valUSD>268441.25</valUSD>
        <pctVal>0.0420994737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEPWR 4 01/01/2034</title>
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          <isin value="US691021LZ07"/>
          <ticker value="OWEPWR"/>
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        <curCd>USD</curCd>
        <valUSD>294352.45</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
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        <title>KY OWEPWR 4 01/01/2035</title>
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          <isin value="US691021MA47"/>
          <ticker value="OWEPWR"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEPWR 4 01/01/2036</title>
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          <isin value="US691021MB20"/>
          <ticker value="OWEPWR"/>
          <other otherDesc="Internal" value="691021MB"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEPWR 4 01/01/2037</title>
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          <isin value="US691021MC03"/>
          <ticker value="OWEPWR"/>
          <other otherDesc="Internal" value="691021MC"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEWTR 4 09/15/2034</title>
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          <isin value="US691106MF24"/>
          <ticker value="OWEWTR"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEWTR 4 09/15/2035</title>
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          <isin value="US691106MG07"/>
          <ticker value="OWEWTR"/>
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        <curCd>USD</curCd>
        <valUSD>2060891.15</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
        <lei>N/A</lei>
        <title>KY OWEWTR 4 09/15/2037</title>
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          <isin value="US691106MJ46"/>
          <ticker value="OWEWTR"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>OWENSBORO (KY), CITY OF</name>
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        <title>KY OWEWTR 4 09/15/2039</title>
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          <isin value="US691106ML91"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>RURAL WTR FING AGY KY</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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      <invstOrSec>
        <name>RURAL WTR FING AGY KY</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BATH COUNTY KENTACKY PUBLIC PROPERTIES CORP (KY)</name>
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          <isin value="US070866AX64"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BATH COUNTY KENTACKY PUBLIC PROPERTIES CORP (KY)</name>
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          <isin value="US070866AY48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUTLER CNTY KY</name>
        <lei>N/A</lei>
        <title>KY BCPDEV 5 06/01/2047</title>
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          <isin value="US123484AW72"/>
          <ticker value="BCPDEV"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY VISITORS &amp; CONVENTION COMMN</name>
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        <cusip>546604GA1</cusip>
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          <isin value="US546604GA12"/>
          <ticker value="LOUFAC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARKING AUTHORITY OF RIVER CITY INC (KY)</name>
        <lei>N/A</lei>
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          <isin value="US76804ADU60"/>
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        <curCd>USD</curCd>
        <valUSD>698343.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIVER CITY INC KY</name>
        <lei>N/A</lei>
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          <isin value="US76804ADV44"/>
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        <curCd>USD</curCd>
        <valUSD>703746.6</valUSD>
        <pctVal>0.1103681400</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 3 02/01/2034</title>
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          <isin value="US491197CS67"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197CS"/>
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        <balance>480000</balance>
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        <curCd>USD</curCd>
        <valUSD>429009.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
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        <title>KY KYSGEN 3 02/01/2035</title>
        <cusip>491197CT4</cusip>
        <identifiers>
          <isin value="US491197CT41"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197CT"/>
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        <balance>505000</balance>
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        <curCd>USD</curCd>
        <valUSD>442496.15</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
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        <title>KY KYSGEN 3 02/01/2036</title>
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          <isin value="US491197CU14"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197CU"/>
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        <balance>510000</balance>
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        <curCd>USD</curCd>
        <valUSD>437727.9</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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        <title>KY KYSFAC 5 09/01/2043</title>
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        <identifiers>
          <isin value="US49151F6P09"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F6P"/>
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        <balance>2500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2494250</valUSD>
        <pctVal>0.3911716706</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>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
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        <title>KY KYSFAC 4.12 09/01/2043</title>
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        <identifiers>
          <isin value="US49151F6Q81"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F6Q"/>
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        <balance>2500000</balance>
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        <curCd>USD</curCd>
        <valUSD>2171875</valUSD>
        <pctVal>0.3406138006</pctVal>
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        <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>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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        <title>KY KYSFAC 5 09/01/2044</title>
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          <isin value="US49151F6R64"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F6R"/>
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        <balance>5000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4964700</valUSD>
        <pctVal>0.7786108021</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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        <title>KY KYSFAC 5 09/01/2045</title>
        <cusip>49151F6S4</cusip>
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          <isin value="US49151F6S48"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F6S"/>
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        <balance>10000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
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        <title>KY KYSFAC 4.25 09/01/2045</title>
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          <isin value="US49151F6T21"/>
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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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          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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      <invstOrSec>
        <name>BARDSTOWN KY INDPT SCH DIST FIN CORP</name>
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        <title>KY BRDEDU 4.75 09/01/2044</title>
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          <isin value="US067449UW63"/>
          <ticker value="BRDEDU"/>
          <other otherDesc="Internal" value="005379KX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BARDSTOWN KY INDPT SCH DIST FIN CORP</name>
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          <isin value="US067449VA35"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ANDERSON COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
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          <isin value="US033678PK35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARDSTOWN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BRDEDU 4 02/01/2040</title>
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          <isin value="US067449TC29"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BARDSTOWN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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          <isin value="US067449TE84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BARDSTOWN KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BRDEDU 4.75 09/01/2044</title>
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          <isin value="US067449UW63"/>
          <ticker value="BRDEDU"/>
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        <curCd>USD</curCd>
        <valUSD>568788.4</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5 09/01/2043</title>
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          <isin value="US49151F6P09"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="067449VA"/>
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        <curCd>USD</curCd>
        <valUSD>2095764</valUSD>
        <pctVal>0.3286773600</pctVal>
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        <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>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 4.12 09/01/2043</title>
        <cusip>49151F6Q8</cusip>
        <identifiers>
          <isin value="US49151F6Q81"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="077006MC"/>
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        <curCd>USD</curCd>
        <valUSD>578370</valUSD>
        <pctVal>0.0907054061</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>4.125000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5 09/01/2044</title>
        <cusip>49151F6R6</cusip>
        <identifiers>
          <isin value="US49151F6R64"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="078010MX"/>
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        <balance>680000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>580155.6</valUSD>
        <pctVal>0.0909854406</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5 09/01/2045</title>
        <cusip>49151F6S4</cusip>
        <identifiers>
          <isin value="US49151F6S48"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="078010MY"/>
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        <balance>710000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>601725</valUSD>
        <pctVal>0.0943681562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BELL CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BELEDU 4.5 09/01/2041</title>
        <cusip>078010PL3</cusip>
        <identifiers>
          <isin value="US078010PL36"/>
          <ticker value="BELEDU"/>
          <other otherDesc="Internal" value="078010PL"/>
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        <balance>1440000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1353312</valUSD>
        <pctVal>0.2122390763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BELL CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BELEDU 5 09/01/2046</title>
        <cusip>078010PR0</cusip>
        <identifiers>
          <isin value="US078010PR06"/>
          <ticker value="BELEDU"/>
          <other otherDesc="Internal" value="078010PR"/>
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        <balance>1725000</balance>
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        <curCd>USD</curCd>
        <valUSD>1714167</valUSD>
        <pctVal>0.2688317407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 4.25 09/01/2045</title>
        <cusip>49151F6T2</cusip>
        <identifiers>
          <isin value="US49151F6T21"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="0988254P"/>
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        <balance>450000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>449415</valUSD>
        <pctVal>0.0704814739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BARDSTOWN KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BRDEDU 4.75 09/01/2044</title>
        <cusip>067449UW6</cusip>
        <identifiers>
          <isin value="US067449UW63"/>
          <ticker value="BRDEDU"/>
          <other otherDesc="Internal" value="101856RR"/>
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        <balance>215000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218758.2</valUSD>
        <pctVal>0.0343077120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.750000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARDSTOWN KY INDPT SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BRDEDU 5 09/01/2048</title>
        <cusip>067449VA3</cusip>
        <identifiers>
          <isin value="US067449VA35"/>
          <ticker value="BRDEDU"/>
          <other otherDesc="Internal" value="101856RS"/>
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        <balance>225000</balance>
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        <curCd>USD</curCd>
        <valUSD>230418</valUSD>
        <pctVal>0.0361363111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOURBON CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BOUEDU 5 08/01/2030</title>
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        <identifiers>
          <isin value="US101856RT17"/>
          <ticker value="BOUEDU"/>
          <other otherDesc="Internal" value="101856RT"/>
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        <balance>185000</balance>
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        <curCd>USD</curCd>
        <valUSD>190513</valUSD>
        <pctVal>0.0298780349</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BOWEDU 5 08/01/2027</title>
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          <isin value="US102669KQ04"/>
          <ticker value="BOWEDU"/>
          <other otherDesc="Internal" value="102669KQ"/>
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        <curCd>USD</curCd>
        <valUSD>695535.15</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BOWEDU 4 08/01/2034</title>
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          <isin value="US102669KX54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BOWEDU 4 08/01/2035</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BOWEDU 4 08/01/2037</title>
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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>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>BOWLING GREEN INDEPENDENT SCHOOL DISTRICT FINANCE CORP (KY)</name>
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        <title>KY BOWEDU 4 04/01/2045</title>
        <cusip>102669NP9</cusip>
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          <isin value="US102669NP93"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BOYD CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BOYEDU 4.25 09/01/2040</title>
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          <isin value="US103285LR12"/>
          <ticker value="BOYEDU"/>
          <other otherDesc="Internal" value="103285LR"/>
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        <balance>500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>458460</valUSD>
        <pctVal>0.0718999956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.250000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRECKINRIDGE CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BRKEDU 4.5 03/01/2049</title>
        <cusip>106628LR9</cusip>
        <identifiers>
          <isin value="US106628LR94"/>
          <ticker value="BRKEDU"/>
          <other otherDesc="Internal" value="106628LR"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877860</valUSD>
        <pctVal>0.1376742359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLITT CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BULEDU 4 03/01/2038</title>
        <cusip>120280D41</cusip>
        <identifiers>
          <isin value="US120280D418"/>
          <ticker value="BULEDU"/>
          <other otherDesc="Internal" value="120280D4"/>
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        <balance>575000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525877.75</valUSD>
        <pctVal>0.0824730793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLITT CNTY KY SCH DIST FIN CORP</name>
        <lei>N/A</lei>
        <title>KY BULEDU 4 02/01/2042</title>
        <cusip>120280J29</cusip>
        <identifiers>
          <isin value="US120280J290"/>
          <ticker value="BULEDU"/>
          <other otherDesc="Internal" value="120280J2"/>
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        <balance>1485000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1265799.15</valUSD>
        <pctVal>0.1985144906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLITT COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY BULEDU 4 10/01/2035</title>
        <cusip>120280ZA3</cusip>
        <identifiers>
          <isin value="US120280ZA30"/>
          <ticker value="BULEDU"/>
          <other otherDesc="Internal" value="120280ZA"/>
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        <balance>1820000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1750639.8</valUSD>
        <pctVal>0.2745517471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLITT COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY BULEDU 4 10/01/2036</title>
        <cusip>120280ZB1</cusip>
        <identifiers>
          <isin value="US120280ZB13"/>
          <ticker value="BULEDU"/>
          <other otherDesc="Internal" value="120280ZB"/>
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        <balance>2985000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2838078.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 4 02/01/2041</title>
        <cusip>49120FNN4</cusip>
        <identifiers>
          <isin value="US49120FNN41"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="49120FNN"/>
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        <balance>620000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538036</valUSD>
        <pctVal>0.0843798500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 4 11/01/2041</title>
        <cusip>49151F2T6</cusip>
        <identifiers>
          <isin value="US49151F2T66"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F2T"/>
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        <balance>1500000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1300560</valUSD>
        <pctVal>0.2039660130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5 11/01/2042</title>
        <cusip>49151F2U3</cusip>
        <identifiers>
          <isin value="US49151F2U30"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F2U"/>
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        <balance>1500000</balance>
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        <curCd>USD</curCd>
        <valUSD>1509855</valUSD>
        <pctVal>0.2367896172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 4 11/01/2043</title>
        <cusip>49151F2V1</cusip>
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          <isin value="US49151F2V13"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F2V"/>
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        <balance>7000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5964070</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 5.25 11/01/2044</title>
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          <isin value="US49151F2W95"/>
          <ticker value="KYSFAC"/>
          <other otherDesc="Internal" value="49151F2W"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.250000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN</name>
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          <isin value="US49151F4L13"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSFAC 4.12 04/01/2045</title>
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          <isin value="US49151F5J57"/>
          <ticker value="KYSFAC"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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      <invstOrSec>
        <name>STATE PROPERTY AND BUILDINGS COMMISSION (KY)</name>
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        <title>KY KYSFAC 5 04/01/2045</title>
        <cusip>49151F5K2</cusip>
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          <isin value="US49151F5K21"/>
          <ticker value="KYSFAC"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASHLAND KY</name>
        <lei>N/A</lei>
        <title>KY ASH 4 11/01/2047</title>
        <cusip>044249EM8</cusip>
        <identifiers>
          <isin value="US044249EM82"/>
          <ticker value="ASH"/>
          <other otherDesc="Internal" value="044249EM"/>
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        <balance>675000</balance>
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        <curCd>USD</curCd>
        <valUSD>562092.75</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COVINGTON KY</name>
        <lei>N/A</lei>
        <title>KY COV 4 12/01/2042</title>
        <cusip>223255KJ8</cusip>
        <identifiers>
          <isin value="US223255KJ80"/>
          <ticker value="COV"/>
          <other otherDesc="Internal" value="223255KJ"/>
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        <balance>955000</balance>
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        <curCd>USD</curCd>
        <valUSD>819370.9</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COVINGTON KY</name>
        <lei>N/A</lei>
        <title>KY COV 4.12 12/01/2043</title>
        <cusip>223255KK5</cusip>
        <identifiers>
          <isin value="US223255KK53"/>
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          <other otherDesc="Internal" value="223255KK"/>
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        <balance>995000</balance>
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        <valUSD>864207.25</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COVINGTON KY</name>
        <lei>N/A</lei>
        <title>KY COV 4.12 12/01/2046</title>
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          <isin value="US223255KN92"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.125000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PADUCAH KY</name>
        <lei>N/A</lei>
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          <isin value="US695309NE04"/>
          <ticker value="PAD"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.250000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ELIZABETHTOWN KY</name>
        <lei>N/A</lei>
        <title>KY ELI 4 09/01/2041</title>
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          <isin value="US286875HQ59"/>
          <ticker value="ELI"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ELIZABETHTOWN KY</name>
        <lei>N/A</lei>
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          <isin value="US286875HR33"/>
          <ticker value="ELI"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ELIZABETHTOWN KY</name>
        <lei>N/A</lei>
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          <isin value="US286875HT98"/>
          <ticker value="ELI"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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        <name>GLASGOW (KY), CITY OF</name>
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          <isin value="US376820AT33"/>
          <ticker value="GLA"/>
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        <curCd>USD</curCd>
        <valUSD>946397.1</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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        <securityLending>
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        <name>HENDERSON KY</name>
        <lei>549300UJ32J1O26W1T80</lei>
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          <isin value="US425074RS25"/>
          <ticker value="HEN"/>
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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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        <name>HENDERSON KY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LAUREL (KY), COUNTY OF</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>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
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          <isin value="US491197EY18"/>
          <ticker value="KYSGEN"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475564.6</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2039</title>
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          <isin value="US491197EZ82"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197EZ"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493303.05</valUSD>
        <pctVal>0.0773644094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2040</title>
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        <identifiers>
          <isin value="US491197FA23"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197FA"/>
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        <balance>535000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505173.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2041</title>
        <cusip>491197FB0</cusip>
        <identifiers>
          <isin value="US491197FB06"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197FB"/>
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        <balance>565000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525342.65</valUSD>
        <pctVal>0.0823891599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2042</title>
        <cusip>491197FC8</cusip>
        <identifiers>
          <isin value="US491197FC88"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197FC"/>
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        <balance>1050000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>967690.5</valUSD>
        <pctVal>0.1517622971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 5 02/01/2039</title>
        <cusip>491197GE3</cusip>
        <identifiers>
          <isin value="US491197GE36"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197GE"/>
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        <balance>550000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>556512</valUSD>
        <pctVal>0.0872774296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2043</title>
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        <identifiers>
          <isin value="US491197GJ23"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197GJ"/>
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        <balance>1455000</balance>
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        <curCd>USD</curCd>
        <valUSD>1319845.05</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4 02/01/2048</title>
        <cusip>491197GP8</cusip>
        <identifiers>
          <isin value="US491197GP82"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197GP"/>
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        <balance>920000</balance>
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        <curCd>USD</curCd>
        <valUSD>734077.2</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY ASSOCIATION OF COUNTIES FINANCE CORP (KY)</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 5 02/01/2030</title>
        <cusip>491197HX0</cusip>
        <identifiers>
          <isin value="US491197HX08"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197HX"/>
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        <balance>250000</balance>
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        <curCd>USD</curCd>
        <valUSD>257642.5</valUSD>
        <pctVal>0.0404059125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4 02/01/2043</title>
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          <isin value="US491197JL42"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197JL"/>
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        <curCd>USD</curCd>
        <valUSD>432898.7</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 5 02/01/2028</title>
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          <isin value="US491197MH92"/>
          <ticker value="KYSGEN"/>
          <other otherDesc="Internal" value="491197MH"/>
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        <curCd>USD</curCd>
        <valUSD>197704.65</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 5 02/01/2029</title>
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          <isin value="US491197MJ58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ASSN OF CNTYS FIN CORP</name>
        <lei>N/A</lei>
        <title>KY KYSGEN 4.5 02/01/2044</title>
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          <isin value="US491197TK58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2035</title>
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          <isin value="US4912074R42"/>
          <ticker value="KYSFIN"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2036</title>
        <cusip>4912074S2</cusip>
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          <isin value="US4912074S25"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912074S"/>
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        <curCd>USD</curCd>
        <valUSD>1048420</valUSD>
        <pctVal>0.1644230542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2038</title>
        <cusip>4912074U7</cusip>
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          <isin value="US4912074U70"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912074U"/>
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        <balance>980000</balance>
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        <curCd>USD</curCd>
        <valUSD>792633.8</valUSD>
        <pctVal>0.1243082641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BOND CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2041</title>
        <cusip>4912074X1</cusip>
        <identifiers>
          <isin value="US4912074X10"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912074X"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>753400</valUSD>
        <pctVal>0.1181552517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENTUCKY BD CORP</name>
        <lei>N/A</lei>
        <title>KY KYSFIN 3 02/01/2035</title>
        <cusip>4912077C4</cusip>
        <identifiers>
          <isin value="US4912077C46"/>
          <ticker value="KYSFIN"/>
          <other otherDesc="Internal" value="4912077C"/>
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        <balance>930000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>803845.5</valUSD>
        <pctVal>0.1260665880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COVINGTON KY</name>
        <lei>N/A</lei>
        <title>KY COV 4 10/01/2040</title>
        <cusip>223255HU7</cusip>
        <identifiers>
          <isin value="US223255HU72"/>
          <ticker value="COV"/>
          <other otherDesc="Internal" value="223255HU"/>
        </identifiers>
        <balance>870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>759188.1</valUSD>
        <pctVal>0.1190629959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVIESS CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY DAVSCD 4 02/01/2044</title>
        <cusip>238726AU7</cusip>
        <identifiers>
          <isin value="US238726AU78"/>
          <ticker value="DAVSCD"/>
          <other otherDesc="Internal" value="238726AU"/>
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        <balance>775000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>653030.5</valUSD>
        <pctVal>0.1024143657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELIZABETHTOWN KY</name>
        <lei>N/A</lei>
        <title>KY ELI 4.62 06/01/2042</title>
        <cusip>286875JL4</cusip>
        <identifiers>
          <isin value="US286875JL45"/>
          <ticker value="ELI"/>
          <other otherDesc="Internal" value="286875JL"/>
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        <balance>745000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>704777.45</valUSD>
        <pctVal>0.1105298076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.625000000000</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>ERLANGER-ELSMERE KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY ELMSCD 5 06/01/2046</title>
        <cusip>29572PAW1</cusip>
        <identifiers>
          <isin value="US29572PAW14"/>
          <ticker value="ELMSCD"/>
          <other otherDesc="Internal" value="29572PAU"/>
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        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>954870</valUSD>
        <pctVal>0.1497516661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERLANGER-ELSMERE KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY ELMSCD 5 06/01/2046</title>
        <cusip>29572PAW1</cusip>
        <identifiers>
          <isin value="US29572PAW14"/>
          <ticker value="ELMSCD"/>
          <other otherDesc="Internal" value="29572PAW"/>
        </identifiers>
        <balance>1695000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1641268.5</valUSD>
        <pctVal>0.2573991144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY FBESCD 4 04/01/2042</title>
        <cusip>312391AT2</cusip>
        <identifiers>
          <isin value="US312391AT29"/>
          <ticker value="FBESCD"/>
          <other otherDesc="Internal" value="312391AT"/>
        </identifiers>
        <balance>1000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>843950</valUSD>
        <pctVal>0.1323561517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY FBESCD 4 04/01/2043</title>
        <cusip>312391AU9</cusip>
        <identifiers>
          <isin value="US312391AU91"/>
          <ticker value="FBESCD"/>
          <other otherDesc="Internal" value="312391AU"/>
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        <balance>4020000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3356016.6</valUSD>
        <pctVal>0.5263219886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY FBESCD 4 04/01/2044</title>
        <cusip>312391AV7</cusip>
        <identifiers>
          <isin value="US312391AV74"/>
          <ticker value="FBESCD"/>
          <other otherDesc="Internal" value="312391AV"/>
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        <balance>4585000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3800185.55</valUSD>
        <pctVal>0.5959807278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAYETTE CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY FBESCD 4 04/01/2048</title>
        <cusip>312391AZ8</cusip>
        <identifiers>
          <isin value="US312391AZ88"/>
          <ticker value="FBESCD"/>
          <other otherDesc="Internal" value="312391AZ"/>
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        <balance>1410000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1125490.2</valUSD>
        <pctVal>0.1765099256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAVES CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY GRBSCD 4.5 05/01/2045</title>
        <cusip>389087AV9</cusip>
        <identifiers>
          <isin value="US389087AV97"/>
          <ticker value="GRBSCD"/>
          <other otherDesc="Internal" value="389087AV"/>
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        <balance>610000</balance>
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        <curCd>USD</curCd>
        <valUSD>543436.8</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.500000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARDIN CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY HARSCD 4 06/01/2040</title>
        <cusip>411852AR7</cusip>
        <identifiers>
          <isin value="US411852AR72"/>
          <ticker value="HARSCD"/>
          <other otherDesc="Internal" value="411852AR"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>888080</valUSD>
        <pctVal>0.1392770321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARDIN CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY HARSCD 4 06/01/2044</title>
        <cusip>411852AV8</cusip>
        <identifiers>
          <isin value="US411852AV84"/>
          <ticker value="HARSCD"/>
          <other otherDesc="Internal" value="411852AV"/>
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        <balance>1000000</balance>
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        <curCd>USD</curCd>
        <valUSD>836770</valUSD>
        <pctVal>0.1312301168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARSHALL CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY MARSCD 4 10/01/2044</title>
        <cusip>572139AT0</cusip>
        <identifiers>
          <isin value="US572139AT09"/>
          <ticker value="MARSCD"/>
          <other otherDesc="Internal" value="572139AT"/>
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        <balance>1230000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025807.7</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCKCASTLE CNTY KY BRD ED</name>
        <lei>N/A</lei>
        <title>KY ROCEDU 4 03/01/2041</title>
        <cusip>772883AS3</cusip>
        <identifiers>
          <isin value="US772883AS38"/>
          <ticker value="ROCEDU"/>
          <other otherDesc="Internal" value="772883AS"/>
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        <balance>1305000</balance>
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        <curCd>USD</curCd>
        <valUSD>1136615.85</valUSD>
        <pctVal>0.1782547543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPENCER CNTY KY BRD ED</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>SPENCER CNTY KY BRD ED</name>
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          <isin value="US84786TBQ22"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US782454QT29"/>
          <ticker value="RUSEDU"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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          <isin value="US782454QU91"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RUSSELLVILLE KY INDPT SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SCOTT COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</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>SHELBY COUNTY SCHOOL DISTRICT FINANCE CORP (KY)</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>UNION CNTY KY SCH DIST FIN CORP</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UNION CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>RUSSELL CNTY KY SCH DIST FIN CORP</name>
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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>Fixed</couponKind>
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    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-10-13</ncom:dateSigned>
      <ncom:nameOfApplicant>Dupree Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Michelle Dragoo</ncom:signature>
      <ncom:signerName>Michelle Dragoo</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
