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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>AZ ST ED REV DORAL ACA NV SR A 144A</name>
        <lei>N/A</lei>
        <title>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>04052BPN8</cusip>
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          <isin value="US04052BPN81"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234539.300000</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>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>AZ ST ED REV DORAL ACA NV SR A 144A</name>
        <lei>N/A</lei>
        <title>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>04052BPM0</cusip>
        <identifiers>
          <isin value="US04052BPM09"/>
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        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95588.180000</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>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>AZ ST ED REV DORAL ACA NV SR A 144A</name>
        <lei>N/A</lei>
        <title>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>04052BPE8</cusip>
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          <isin value="US04052BPE82"/>
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        <balance>120000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119867.590000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>AZ ST ED REV ODYSSEY PREP ACADEMY 144A</name>
        <lei>N/A</lei>
        <title>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>04052BJX3</cusip>
        <identifiers>
          <isin value="US04052BJX38"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170892.820000</valUSD>
        <pctVal>0.0833495741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3750000000</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>AR DEV FIN AUTH-B-AMT AMT 144A</name>
        <lei>N/A</lei>
        <title>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</title>
        <cusip>04110FAD7</cusip>
        <identifiers>
          <isin value="US04110FAD78"/>
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        <balance>375000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368931.340000</valUSD>
        <pctVal>0.1799389235</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>Variable</couponKind>
          <annualizedRt>4.2500000000</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>ARLINGTON CO INDL DEV PUTBOND</name>
        <lei>N/A</lei>
        <title>ARLINGTON COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>04144PDY6</cusip>
        <identifiers>
          <isin value="US04144PDY60"/>
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        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99938.610000</valUSD>
        <pctVal>0.0487430694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.1000000000</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>ARLINGTON HGR EDU-REF 144A</name>
        <lei>N/A</lei>
        <title>ARLINGTON HIGHER EDUCATION FINANCE CORP</title>
        <cusip>041807PU6</cusip>
        <identifiers>
          <isin value="US041807PU63"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202477.320000</valUSD>
        <pctVal>0.0987542858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6250000000</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>ATLANTA DEV WSTSIDE GULCH PRJ SR A1 144A</name>
        <lei>N/A</lei>
        <title>ATLANTA DEVELOPMENT AUTHORITY/THE</title>
        <cusip>04780NMW4</cusip>
        <identifiers>
          <isin value="US04780NMW47"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202932.060000</valUSD>
        <pctVal>0.0989760762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>ATL GA DEV AUTH PROTON TRMT SR A1</name>
        <lei>N/A</lei>
        <title>ATLANTA DEVELOPMENT AUTHORITY/THE</title>
        <cusip>04781GAB7</cusip>
        <identifiers>
          <isin value="US04781GAB77"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84456.000000</valUSD>
        <pctVal>0.0411917343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5000000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATL GA DEV AUTH PROTON TRMT SR A1</name>
        <lei>N/A</lei>
        <title>ATLANTA DEVELOPMENT AUTHORITY/THE</title>
        <cusip>04781GAC5</cusip>
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          <isin value="US04781GAC50"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86484.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.7500000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ATLANTA DEV AUTH-A 144A</name>
        <lei>N/A</lei>
        <title>ATLANTA DEVELOPMENT AUTHORITY/THE</title>
        <cusip>04777LDU7</cusip>
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          <isin value="US04777LDU70"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103995.860000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ATLANTA DEV AUTH-A 144A</name>
        <lei>N/A</lei>
        <title>ATLANTA DEVELOPMENT AUTHORITY/THE</title>
        <cusip>04777LDS2</cusip>
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          <isin value="US04777LDS25"/>
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        <balance>375000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>384703.390000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ATL GA REDEV BELTLINE TRIAL PROJ 144A</name>
        <lei>N/A</lei>
        <title>ATLANTA URBAN REDEVELOPMENT AGENCY</title>
        <cusip>047851BN9</cusip>
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          <isin value="US047851BN94"/>
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        <balance>300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285050.340000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.8750000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>ATL GA REDEV BELTLINE TRIAL PROJ 144A</name>
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        <title>ATLANTA URBAN REDEVELOPMENT AGENCY</title>
        <cusip>047851BP4</cusip>
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          <isin value="US047851BP43"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129261.870000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6250000000</annualizedRt>
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      <invstOrSec>
        <name>AUGUSTA GA ARPT REV SER A</name>
        <lei>N/A</lei>
        <title>AUGUSTA GA AIRPORT REVENUE</title>
        <cusip>051177BT9</cusip>
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          <isin value="US051177BT97"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250130.880000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>AUSTIN CONV CNT 1ST TIER SER A</name>
        <lei>N/A</lei>
        <title>AUSTIN CONVENTION ENTERPRISES INC</title>
        <cusip>052409DM8</cusip>
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          <isin value="US052409DM82"/>
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        <balance>540000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>540997.600000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>AUSTIN CONV CNT 1ST TIER SER A</name>
        <lei>N/A</lei>
        <title>AUSTIN CONVENTION ENTERPRISES INC</title>
        <cusip>052409DK2</cusip>
        <identifiers>
          <isin value="US052409DK27"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250609.730000</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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AUSTIN CONV CNT 1ST TIER SER A</name>
        <lei>N/A</lei>
        <title>AUSTIN CONVENTION ENTERPRISES INC</title>
        <cusip>052409DQ9</cusip>
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          <isin value="US052409DQ96"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300245.400000</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>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>AUSTIN TX CONV CNT SUB 2ND TR SER B</name>
        <lei>N/A</lei>
        <title>AUSTIN CONVENTION ENTERPRISES INC</title>
        <cusip>052409EB1</cusip>
        <identifiers>
          <isin value="US052409EB19"/>
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        <balance>335000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335573.290000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>AVE MARIA STEWARDSHIP</name>
        <lei>N/A</lei>
        <title>AVE MARIA STEWARDSHIP COMMUNITY DISTRICT</title>
        <cusip>05355ABZ9</cusip>
        <identifiers>
          <isin value="US05355ABZ93"/>
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        <balance>315000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306243.220000</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>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3750000000</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>BALDWIN CO IDA-A AMT 144A</name>
        <lei>N/A</lei>
        <title>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>05786PAC7</cusip>
        <identifiers>
          <isin value="US05786PAC77"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197245.400000</valUSD>
        <pctVal>0.0962025209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.3000000000</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>BERKS CNTY PA EXCH TOWER HLTH PJ SR B1</name>
        <lei>N/A</lei>
        <title>BERKS COUNTY MUNICIPAL AUTHORITY/THE</title>
        <cusip>084538JK4</cusip>
        <identifiers>
          <isin value="US084538JK44"/>
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        <balance>421000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319338.100000</valUSD>
        <pctVal>0.1557508070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-30</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>BERKS CO MUNI-A-2A</name>
        <lei>N/A</lei>
        <title>BERKS COUNTY MUNICIPAL AUTHORITY/THE</title>
        <cusip>084538JF5</cusip>
        <identifiers>
          <isin value="US084538JF58"/>
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        <balance>1508000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1578596.420000</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>2034-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</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>BIG CYPRESS DT</name>
        <lei>N/A</lei>
        <title>BIG CYPRESS STEWARDSHIP DISTRICT</title>
        <cusip>08911PAA3</cusip>
        <identifiers>
          <isin value="US08911PAA30"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>485260.150000</valUSD>
        <pctVal>0.2366759869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>BLACK BELT ENERGY-C</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TJX6</cusip>
        <identifiers>
          <isin value="US09182TJX63"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1058322.900000</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>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>BLACK BELT ENERGY-G</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TLB1</cusip>
        <identifiers>
          <isin value="US09182TLB16"/>
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        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>784813.500000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>BLACK BELT ENERGY GAS</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TJC2</cusip>
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          <isin value="US09182TJC27"/>
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        <balance>300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>308392.590000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BLACK BELT ENERGY-A</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182THS9</cusip>
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          <isin value="US09182THS96"/>
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        <balance>680000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>705386.370000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BLACK BELT GAS DT-E</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TGC5</cusip>
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          <isin value="US09182TGC53"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260470.350000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>BLACK BELT ENERGY GAS DST SPLY REV SR B</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
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          <isin value="US09182NCT54"/>
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        <curCd>USD</curCd>
        <valUSD>105969.230000</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>Variable</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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      <invstOrSec>
        <name>BLACK BELT ENERGY-I</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
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          <isin value="US09182TJD00"/>
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        <curCd>USD</curCd>
        <valUSD>419434.200000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS AL PROJ REV SER A</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TCQ8</cusip>
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          <isin value="US09182TCQ85"/>
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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>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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      <invstOrSec>
        <name>BLACK BELT-H-2-1</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
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          <isin value="US09182TKK24"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1040868.700000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS AL PROJ REV SR D</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DISTRICT</title>
        <cusip>09182TEN3</cusip>
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          <isin value="US09182TEN37"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156084.680000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>BUCKHEAD TRAILS II CD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUILD NYC RESOURCE CRP INWOOD SER A 144A</name>
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        <name>CALHOUN CO MI HOSP-REF OAKLAWN HOSP</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>CAPITAL TRUST FL ED REV MIAMI PRJ SR A 144A</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOWRY CROSSING-REV 144A</name>
        <lei>N/A</lei>
        <title>CITY OF LOWRY CROSSING TX</title>
        <cusip>54877WAC0</cusip>
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          <isin value="US54877WAC01"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255860.430000</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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          <maturityDt>2045-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORWOOD OH SPL REV ROOKWOOD EXCH PRJ</name>
        <lei>5493000KZUQ48Z2VEE89</lei>
        <title>CITY OF NORWOOD OH</title>
        <cusip>669681AA6</cusip>
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          <isin value="US669681AA63"/>
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        <balance>160000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161116.420000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3750000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OVERLAND PARK KS BLUHAWK PROJ SR A 144A</name>
        <lei>N/A</lei>
        <title>CITY OF OVERLAND PARK KS SALES TAX REVENUE</title>
        <cusip>69030SAF4</cusip>
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          <isin value="US69030SAF48"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208758.060000</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>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5000000000</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>
        <name>PRINCETON TX REV EASTRIDGE PROJ 4 144A</name>
        <lei>N/A</lei>
        <title>CITY OF PRINCETON TX</title>
        <cusip>742400CZ5</cusip>
        <identifiers>
          <isin value="US742400CZ59"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100580.870000</valUSD>
        <pctVal>0.0490563189</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>4.6000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RENO NV SALES TAX REV RETRAC TRANS 144A</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>CITY OF RENO NV</title>
        <cusip>759861EJ2</cusip>
        <identifiers>
          <isin value="US759861EJ20"/>
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        <balance>2500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395678.000000</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>2058-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BT7</cusip>
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          <isin value="US774223BT72"/>
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        <balance>240000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>241623.380000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>ROCKVILLE MD INGLSDE AT KING SER A1</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223AX9</cusip>
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          <isin value="US774223AX93"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101350.350000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A1</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223AZ4</cusip>
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          <isin value="US774223AZ42"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101126.280000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>ROCKVILLE MD INGLSDE AT KING SER A2</name>
        <lei>N/A</lei>
        <title>CITY OF ROCKVILLE MD</title>
        <cusip>774223BM2</cusip>
        <identifiers>
          <isin value="US774223BM20"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99687.620000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.3750000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>SHAKOPEE-REF</name>
        <lei>N/A</lei>
        <title>CITY OF SHAKOPEE MN SENIOR HOUSING REVENUE</title>
        <cusip>81919TAD8</cusip>
        <identifiers>
          <isin value="US81919TAD81"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102029.970000</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>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VALPARAISO PRATT PAPER REF REV AMT 144A</name>
        <lei>N/A</lei>
        <title>CITY OF VALPARAISO IN</title>
        <cusip>92028RAD7</cusip>
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          <isin value="US92028RAD70"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102368.730000</valUSD>
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        <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>4.5000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENICE FL VILLAGE ISLE PROJ SR B1 144A</name>
        <lei>N/A</lei>
        <title>CITY OF VENICE FL</title>
        <cusip>922687AF5</cusip>
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          <isin value="US922687AF57"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250037.580000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6250000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTMINSTER MD LUTH VLG MILLERS SR A</name>
        <lei>N/A</lei>
        <title>CITY OF WESTMINSTER MD</title>
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          <isin value="US960735AQ15"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</annualizedRt>
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      <invstOrSec>
        <name>CLACKAMAS CO SEN LIVING WILLAMETTE SR A</name>
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        <title>CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY</title>
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          <isin value="US179027WN32"/>
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        <curCd>USD</curCd>
        <valUSD>176947.120000</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>CLVLND CUYAHOGA CNTY PLAYHOUSE FNDTN PRJ</name>
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        <title>CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY</title>
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          <isin value="US18610PAU21"/>
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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>5.2500000000</annualizedRt>
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      <invstOrSec>
        <name>CLVLND CUYAHOGA CNTY PLAYHOUSE FNDTN PRJ</name>
        <lei>549300KI3FXFLUKF3A98</lei>
        <title>CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY</title>
        <cusip>18610PAV0</cusip>
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          <isin value="US18610PAV04"/>
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        <balance>350000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354387.360000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP REV 144A</name>
        <lei>N/A</lei>
        <title>CLIFTON HIGHER EDUCATION FINANCE CORP</title>
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          <isin value="US187145UP08"/>
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        <balance>325000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>321380.090000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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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        <name>COASTAL RIDGE CDD</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DE ST EDA NEWARK CHRTR SCH INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>100244.740000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>DE ST EDA NEWARK CHRTR SCH INC</name>
        <lei>N/A</lei>
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          <isin value="US246372AY25"/>
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        <curCd>USD</curCd>
        <valUSD>234731.060000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>DELAWARE ECO DEV AUTH ASPIRA PROJ SER A</name>
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        <title>DELAWARE STATE ECONOMIC DEVELOPMENT AUTHORITY</title>
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          <isin value="US246372BA30"/>
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        <curCd>USD</curCd>
        <valUSD>182806.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</annualizedRt>
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      <invstOrSec>
        <name>DE ST HLTH FACS AUTH REV BEEBE MED CNTR</name>
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        <title>DELAWARE STATE HEALTH FACILITIES AUTHORITY</title>
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          <isin value="US246388TB80"/>
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        <curCd>USD</curCd>
        <valUSD>1023698.500000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>DENVER CO CONVENTION CTR HOTEL SENIOR</name>
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        <title>DENVER CONVENTION CENTER HOTEL AUTHORITY</title>
        <cusip>249189DQ1</cusip>
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          <isin value="US249189DQ11"/>
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        <curCd>USD</curCd>
        <valUSD>841448.240000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>FULTON CO GA ST DEV AUTH HOSP REV SER A</name>
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        <title>DEVELOPMENT AUTHORITY FOR FULTON COUNTY</title>
        <cusip>36005GAW3</cusip>
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          <isin value="US36005GAW33"/>
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        <balance>555000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557111.160000</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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          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCKDALE CNTY GA DEV 144A AMT</name>
        <lei>N/A</lei>
        <title>DEVELOPMENT AUTHORITY OF ROCKDALE COUNTY</title>
        <cusip>773008AR8</cusip>
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          <isin value="US773008AR86"/>
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        <balance>1540000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1466970.890000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARIETTA GA DEV AUTH LIFE UNI SER A 144A</name>
        <lei>N/A</lei>
        <title>DEVELOPMENT AUTHORITY OF THE CITY OF MARIETTA</title>
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          <isin value="US567656DZ35"/>
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        <curCd>USD</curCd>
        <valUSD>135207.160000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>DIST OF COLUMBIA REV INGLESIDE RC SER A</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DISTRICT OF COLUMBIA</title>
        <cusip>25483VSC9</cusip>
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          <isin value="US25483VSC99"/>
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        <curCd>USD</curCd>
        <valUSD>70361.820000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1250000000</annualizedRt>
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        <name>DIST OF COLUMBIA REV INGLESIDE RC SER A</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DISTRICT OF COLUMBIA</title>
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          <isin value="US25483VSD72"/>
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        <curCd>USD</curCd>
        <valUSD>327877.000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>DIST OF COLUMBIA REV SER A</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DISTRICT OF COLUMBIA</title>
        <cusip>25483VB86</cusip>
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          <isin value="US25483VB862"/>
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        <curCd>USD</curCd>
        <valUSD>266583.070000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>DIST OF COLUMBIA REV INGLESIDE RC SER A</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DISTRICT OF COLUMBIA</title>
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          <isin value="US25483VSE55"/>
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        <curCd>USD</curCd>
        <valUSD>200960.580000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>DOWNTOWN DAYBREAK#1 144A</name>
        <lei>N/A</lei>
        <title>DOWNTOWN DAYBREAK PUBLIC INFRASTRUCTURE DISTRICT NO 1</title>
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          <isin value="US26114MAA71"/>
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        <curCd>USD</curCd>
        <valUSD>991501.800000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>DOWNTWN PUB DT-C 144A</name>
        <lei>N/A</lei>
        <title>DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT</title>
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          <isin value="US26118TBW99"/>
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        <curCd>USD</curCd>
        <valUSD>195073.630000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>DOYLESTOWN PA HOSP AUTH 144A</name>
        <lei>N/A</lei>
        <title>DOYLESTOWN HOSPITAL AUTHORITY</title>
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          <isin value="US261333HH42"/>
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        <curCd>USD</curCd>
        <valUSD>245789.320000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>E NASSAU STEWARDSHIP</name>
        <lei>N/A</lei>
        <title>EAST NASSAU STEWARDSHIP DISTRICT</title>
        <cusip>273794AP2</cusip>
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          <isin value="US273794AP20"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153446.930000</valUSD>
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        <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>6.0000000000</annualizedRt>
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        <name>GEO SMITH II GA CONV CTR AUTH HTL SER B 144A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDEN GEM CDD FL SPL ASSMNT REV</name>
        <lei>N/A</lei>
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          <isin value="US38105CAA53"/>
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        <curCd>USD</curCd>
        <valUSD>253007.230000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREEN VALLEY-A-CABS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
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      <invstOrSec>
        <name>HAMMOCK OAKS CDD FL ASSMNT AREA TWO</name>
        <lei>N/A</lei>
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          <isin value="US40834PAD42"/>
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        <balance>230000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231993.040000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>HAMMOCK OAKS FL ASSMNT AREA THREE 144A</name>
        <lei>N/A</lei>
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          <isin value="US40834PAG72"/>
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        <balance>90000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90525.470000</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>HANOVER CO VA EDA COVENANT WOODS 144A</name>
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          <isin value="US41077CAZ86"/>
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        <curCd>USD</curCd>
        <valUSD>258095.550000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MO HLTH &amp; EDU FACS</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HENRICO CNTY VA WESTMINSTER CANTERBURY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>HILLCREST PRESERVE FL SPL ASSMNT 144A</name>
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          <isin value="US43153EAA29"/>
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        <curCd>USD</curCd>
        <valUSD>160096.000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>HOBE ST LUCIE CONSERVANCY DIST FL</name>
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        <curCd>USD</curCd>
        <valUSD>214574.390000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.7500000000</annualizedRt>
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        <name>PHILADELPHIA PA HOSP TEMPLE UNIV HLTH</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>ST PL HSG EPIS HOME OBLI GRP SER A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTSVILLE FACS-A-REF</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.0000000000</annualizedRt>
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        <name>HUNTSVL ETC SPL CR-B</name>
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        <fairValLevel>2</fairValLevel>
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        <name>IL ST FIN AUTH REV PLYMOUTH PLACE SER A</name>
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        <title>ILLINOIS FINANCE AUTHORITY</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ILLINOIS ST FIN AUTH ADMIRAL LAKE PROJ</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
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          <isin value="US45204EC300"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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        <name>IL FIN AUTH-A-REF</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS FINANCE AUTHORITY</title>
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        <balance>350000.000000</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>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1250000000</annualizedRt>
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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>IL ST FIN AUTH REV PLYMOUTH PLACE SER A</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>IN FIN AUTH OH VLY ELEC CORP PRJ SR A</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>INDIANAPOLIS IN PUB CONVENTION CNTR SR E</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>INLAND EMPIRE TOBACCO CAT BKD SER C-1</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>IOWA FIN AUTH-REF</name>
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        <title>IOWA FINANCE AUTHORITY</title>
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          <isin value="US46247CDV81"/>
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        <curCd>USD</curCd>
        <valUSD>507209.400000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>IVYWOOD CLASSICAL ACADEMY BONDS SER 2023</name>
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          <isin value="US46604DAA28"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>KALAMAZOO ECON DEV-A 144A</name>
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          <isin value="US483228EE87"/>
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        <curCd>USD</curCd>
        <valUSD>248663.030000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>KD52 CDD#1</name>
        <lei>N/A</lei>
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          <isin value="US48668RAD44"/>
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        <curCd>USD</curCd>
        <valUSD>99046.330000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8750000000</annualizedRt>
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      <invstOrSec>
        <name>KY BOND DEV CORP</name>
        <lei>N/A</lei>
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          <isin value="US49120ABM09"/>
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        <curCd>USD</curCd>
        <valUSD>988181.990000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</annualizedRt>
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      <invstOrSec>
        <name>KY ST ECON OWENSBORO MED HLTH SER A</name>
        <lei>N/A</lei>
        <title>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</title>
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          <isin value="US49126KKF74"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>KY ST ECON OWENSBORO MED HLTH SER A</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>KY ST ECON OWENSBORO MED HLTH SER A</name>
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          <isin value="US49126KKE00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KY ST PUB ENERGY GAS SPLY REV SER B</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY PUBLIC ENERGY AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>KY ST PUB ENERGY GAS SPLY REV SER C</name>
        <lei>549300XEJZWHYSY4SL55</lei>
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          <isin value="US74440DCM48"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.0000000000</annualizedRt>
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        <name>KENTWOOD MI ECON DEV HOLLAND HOME GROUP</name>
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          <isin value="US491740FA90"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>KNOXVILLE INDL DEV BR 144A</name>
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          <isin value="US499790AA14"/>
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        <valUSD>495318.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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      <invstOrSec>
        <name>LAKES OF SARASOTA CDD PHASE 1 SER A-1</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</title>
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          <isin value="US51206YAB65"/>
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        <balance>130000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125899.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKES OF SARASOTA FL IMPT REV SER A</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</title>
        <cusip>51206YAR1</cusip>
        <identifiers>
          <isin value="US51206YAR18"/>
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        <balance>255000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255772.650000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7500000000</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>LAKES OF SARASOTA CDD PHASE 1 SER B-1</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT</title>
        <cusip>51206YAG5</cusip>
        <identifiers>
          <isin value="US51206YAG52"/>
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        <balance>130000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128050.050000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.6250000000</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>LAKES OF SARASOTA CDD 2 CAP REV SR A-2</name>
        <lei>N/A</lei>
        <title>LAKES OF SARASOTA COMMUNITY DEVELOPMENT DISTRICT 2</title>
        <cusip>51207BAJ8</cusip>
        <identifiers>
          <isin value="US51207BAJ89"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100064.780000</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>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2000000000</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>LAKEWOOD RANCH DT</name>
        <lei>N/A</lei>
        <title>LAKEWOOD RANCH STEWARDSHIP DISTRICT</title>
        <cusip>51265KGG7</cusip>
        <identifiers>
          <isin value="US51265KGG76"/>
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        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104707.230000</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>5.8000000000</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>LANCASTER CO HOSP AUT</name>
        <lei>N/A</lei>
        <title>LANCASTER COUNTY HOSPITAL AUTHORITY/PA</title>
        <cusip>514045S53</cusip>
        <identifiers>
          <isin value="US514045S532"/>
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        <balance>1290000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1230030.870000</valUSD>
        <pctVal>0.5999230930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7500000000</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>LANCASTER CO HOSP AUT</name>
        <lei>N/A</lei>
        <title>LANCASTER COUNTY HOSPITAL AUTHORITY/PA</title>
        <cusip>514045S79</cusip>
        <identifiers>
          <isin value="US514045S797"/>
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        <balance>130000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121115.750000</valUSD>
        <pctVal>0.0590717982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.0000000000</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>LAS VEGAS NV NEW CONV VIS AUTH REV SER B</name>
        <lei>N/A</lei>
        <title>LAS VEGAS CONVENTION &amp; VISITORS AUTHORITY</title>
        <cusip>517704FH0</cusip>
        <identifiers>
          <isin value="US517704FH08"/>
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        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>254369.530000</valUSD>
        <pctVal>0.1240636791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>LATROBE PA INDL DEV AUTH SETON HALL REV</name>
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        <title>LATROBE INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>518324AP3</cusip>
        <identifiers>
          <isin value="US518324AP35"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135595.500000</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>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>LAUREL ROAD CDD IMPT REV SER A-1</name>
        <lei>N/A</lei>
        <title>LAUREL ROAD COMMUNITY DEVELOPMENT DISTRICT</title>
        <cusip>51888TAB2</cusip>
        <identifiers>
          <isin value="US51888TAB26"/>
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        <balance>160000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151417.360000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEE CO FL IDA SHELL POINT SR 2024B-1</name>
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        <cusip>52349EER7</cusip>
        <identifiers>
          <isin value="US52349EER71"/>
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        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250375.330000</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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.7500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEES SUMMIT INDL-B-1</name>
        <lei>N/A</lei>
        <title>LEES SUMMIT INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>524292BT5</cusip>
        <identifiers>
          <isin value="US524292BT51"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496681.050000</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>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>LA LOC GOVT WESTLAKE CHEM CORP</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES &amp; COMMUNITY DEVELOPMENT AUTH</title>
        <cusip>54628CDX7</cusip>
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          <isin value="US54628CDX74"/>
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        <balance>380000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>366678.680000</valUSD>
        <pctVal>0.1788402334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5000000000</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>LA ST OFFSHORE AUTH SER A</name>
        <lei>N/A</lei>
        <title>LOUISIANA OFFSHORE TERMINAL AUTHORITY</title>
        <cusip>546510FT0</cusip>
        <identifiers>
          <isin value="US546510FT07"/>
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        <balance>300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>302488.500000</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>2033-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.2000000000</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>LOVE FIELD ARPT SWA PROJ  AMT</name>
        <lei>N/A</lei>
        <title>LOVE FIELD AIRPORT MODERNIZATION CORP</title>
        <cusip>54714FAG5</cusip>
        <identifiers>
          <isin value="US54714FAG54"/>
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        <balance>140000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140241.570000</valUSD>
        <pctVal>0.0684000365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>LOWER AL GAS DT-A-REF</name>
        <lei>549300YTI1NTDG2OVU42</lei>
        <title>LOWER ALABAMA GAS DISTRICT/THE</title>
        <cusip>547804AQ7</cusip>
        <identifiers>
          <isin value="US547804AQ73"/>
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        <balance>790000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>808840.080000</valUSD>
        <pctVal>0.3944956622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>LTC RANCH WEST RSDL CMNTY POD 5 SER AA3</name>
        <lei>N/A</lei>
        <title>LTC RANCH WEST RESIDENTIAL COMMUNITY DEVELOPMENT DISTRICT</title>
        <cusip>50218SAJ0</cusip>
        <identifiers>
          <isin value="US50218SAJ06"/>
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        <balance>195000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196618.210000</valUSD>
        <pctVal>0.0958966214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</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>LYCOMING CO AUTH-YY1</name>
        <lei>549300TCAO8EBJY0O782</lei>
        <title>LYCOMING COUNTY AUTHORITY</title>
        <cusip>550809BH9</cusip>
        <identifiers>
          <isin value="US550809BH98"/>
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        <balance>500000.000000</balance>
        <units>PA</units>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FIN AUTH NH VISTA PRJ SR A 144A</name>
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        <curCd>USD</curCd>
        <valUSD>473560.180000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL FIN AUTH CTFS SER 1 CLASS A</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>136446.580000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.8750000000</annualizedRt>
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        <curCd>USD</curCd>
        <valUSD>235269.830000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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        <name>NATIONAL FIN AUTH NH COVANTA 144A AMT B</name>
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          <isin value="US63607YAJ91"/>
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        <curCd>USD</curCd>
        <valUSD>79798.800000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.7500000000</annualizedRt>
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      <invstOrSec>
        <name>NATIONAL FIN AGY-CABS</name>
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        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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          <isin value="US63608TBM18"/>
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        <valUSD>222465.600000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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        <name>NATIONAL FIN AUTH CTSF SER 1-A</name>
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          <isin value="US63607WAA27"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1250000000</annualizedRt>
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        <name>NATIONAL FIN AUTH NH SPL REV THOMAS 144A</name>
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        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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          <isin value="US63608TAH32"/>
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        <curCd>USD</curCd>
        <valUSD>144331.750000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH-1</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
        <cusip>63607DAJ5</cusip>
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          <isin value="US63607DAJ54"/>
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        <curCd>USD</curCd>
        <valUSD>635762.610000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.5000000000</annualizedRt>
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        <name>NATIONAL FIN AUTH CTSF SER 1-A ARC70</name>
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          <isin value="US63607DAB29"/>
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        <curCd>USD</curCd>
        <valUSD>612000.680000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.1500000000</annualizedRt>
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        <name>NATIONAL FIN NH SPL REV WILDFLOWER 144A</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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        <name>NATIONAL FIN AUTH NH CTFS SER A2</name>
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        <cusip>63607WBE3</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>4.1670000000</annualizedRt>
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        <name>NATIONAL FIN AUTH NH VISTA PRJ SR A 144A</name>
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          <isin value="US63607YAF79"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6250000000</annualizedRt>
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        <name>NATIONAL FIN AUTH CTFS SR 2024-4 CLASS A</name>
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        <curCd>USD</curCd>
        <valUSD>231627.600000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.1820000000</annualizedRt>
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        <name>NATIONAL FINANCE AUTH 144A</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.8750000000</annualizedRt>
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        <name>NATIONAL FIN AUTH SOCIAL CERTIF SR 2</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</title>
        <cusip>63607WAE4</cusip>
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          <isin value="US63607WAE49"/>
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        <curCd>USD</curCd>
        <valUSD>160630.390000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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        <name>NH ST HLTH &amp; EDU FACS KENDEL AT HANOVER</name>
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        <title>NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY ACT</title>
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          <isin value="US6446143R87"/>
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        <curCd>USD</curCd>
        <valUSD>100055.270000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>NEW HOPE CULT ED FACS FIN CORP TX SER A</name>
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        <title>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</title>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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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>NC ST MED CR LUTHERAN SVC FOR AGING SR A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NC ST MED CARE COM HLTH CARE COMM SER C</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NC ST MED CR LUTHERAN SVC FOR AGING SR A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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          <isin value="US65821DYF22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NC MED CARE-A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>NORTH CAROLINA MEDICAL CARE COMMISSION</title>
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          <isin value="US65820YVL72"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>NC MED CARE COMM RETMT PEN VIL SER A</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>NORTH CAROLINA MEDICAL CARE COMMISSION</title>
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          <isin value="US65820YTN66"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N E REGL AUTH-B-REF</name>
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          <isin value="US659231CX03"/>
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        <valUSD>307553.490000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NTHRN AK TOBACCO SEC CORP REV SR B-1</name>
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          <isin value="US66585VCA17"/>
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        <valUSD>23986.600000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OH AIR QLTY DEV AUTH PRAT PAPER 144A AMT</name>
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          <isin value="US67754AAC80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>OH AIR QUALITY VY ELEC CORP SER A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OH HSG FIN AGY-A 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASHFORD AT THE ENCLAV 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OH HSG FIN AGY MF REV HAVENS EDGE 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OH HSG FIN AGY-A</name>
        <lei>549300K10X7VPG6JVX38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OHIO ST HSG FIN AGY SANC SPRING PROJ 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OHIO HSG FIN AGY-A 144A</name>
        <lei>549300K10X7VPG6JVX38</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>OH HSG FIN AGY MF REV SILVER BIRCH 144A</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>PREPA-SER CCC-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YDY8</cusip>
        <identifiers>
          <isin value="US74526YDY86"/>
        </identifiers>
        <balance>20000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14800.000000</valUSD>
        <pctVal>0.0072184056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER AAA-RSA-1</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QR61</cusip>
        <identifiers>
          <isin value="US74526QR617"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18500.000000</valUSD>
        <pctVal>0.0090230071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER TT-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YCR4</cusip>
        <identifiers>
          <isin value="US74526YCR45"/>
        </identifiers>
        <balance>15000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11100.000000</valUSD>
        <pctVal>0.0054138042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKN1</cusip>
        <identifiers>
          <isin value="US74526QKN15"/>
        </identifiers>
        <balance>120000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>88800.000000</valUSD>
        <pctVal>0.0433104339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKL5</cusip>
        <identifiers>
          <isin value="US74526QKL58"/>
        </identifiers>
        <balance>215000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>159100.000000</valUSD>
        <pctVal>0.0775978607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2018-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH SR WW</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QVC3</cusip>
        <identifiers>
          <isin value="US74526QVC31"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74000.000000</valUSD>
        <pctVal>0.0360920282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QWE8</cusip>
        <identifiers>
          <isin value="US74526QWE87"/>
        </identifiers>
        <balance>245000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181300.000000</valUSD>
        <pctVal>0.0884254692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER ZZ-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YAT2</cusip>
        <identifiers>
          <isin value="US74526YAT29"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18500.000000</valUSD>
        <pctVal>0.0090230071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.1000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER A-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YDG7</cusip>
        <identifiers>
          <isin value="US74526YDG70"/>
        </identifiers>
        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>555000.000000</valUSD>
        <pctVal>0.2706902117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER WW-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YEP6</cusip>
        <identifiers>
          <isin value="US74526YEP60"/>
        </identifiers>
        <balance>20000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14800.000000</valUSD>
        <pctVal>0.0072184056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR AUTH REV SER CCC</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYW6</cusip>
        <identifiers>
          <isin value="US74526QYW67"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74000.000000</valUSD>
        <pctVal>0.0360920282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER UU-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YAA3</cusip>
        <identifiers>
          <isin value="US74526YAA38"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370000.000000</valUSD>
        <pctVal>0.1804601411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.9530000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>PR ELEC SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QKM3</cusip>
        <identifiers>
          <isin value="US74526QKM32"/>
        </identifiers>
        <balance>135000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99900.000000</valUSD>
        <pctVal>0.0487242381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREPA-SER ZZ-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YAV7</cusip>
        <identifiers>
          <isin value="US74526YAV74"/>
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        <balance>30000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22200.000000</valUSD>
        <pctVal>0.0108276085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</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>PREPA-SER CCC-PSA</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YBD6</cusip>
        <identifiers>
          <isin value="US74526YBD67"/>
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        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37000.000000</valUSD>
        <pctVal>0.0180460141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3750000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC SER TT</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QW99</cusip>
        <identifiers>
          <isin value="US74526QW997"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18500.000000</valUSD>
        <pctVal>0.0090230071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR ELEC PWR-XX</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QP30</cusip>
        <identifiers>
          <isin value="US74526QP306"/>
        </identifiers>
        <balance>60000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44400.000000</valUSD>
        <pctVal>0.0216552169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.6250000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TNDR OPT-CR-74526QCK6 144A</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526YLQ6</cusip>
        <identifiers>
          <isin value="US74526YLQ60"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183750.000000</valUSD>
        <pctVal>0.0896204079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>PR ELEC PWR AUTH REV SER CCC</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYY2</cusip>
        <identifiers>
          <isin value="US74526QYY24"/>
        </identifiers>
        <balance>290000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>214600.000000</valUSD>
        <pctVal>0.1046668819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR SER SS</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QEW8</cusip>
        <identifiers>
          <isin value="US74526QEW87"/>
        </identifiers>
        <balance>130000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130160.040000</valUSD>
        <pctVal>0.0634829708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>PR ELEC PWR AUTH REV SER CCC</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PUERTO RICO ELECTRIC POWER AUTHORITY</title>
        <cusip>74526QYS5</cusip>
        <identifiers>
          <isin value="US74526QYS55"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>74000.000000</valUSD>
        <pctVal>0.0360920282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>358182.000000</valUSD>
        <pctVal>0.1746961467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRH0</cusip>
        <identifiers>
          <isin value="US74529JRH04"/>
        </identifiers>
        <balance>2416000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2361913.490000</valUSD>
        <pctVal>1.1519763291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JQF5</cusip>
        <identifiers>
          <isin value="US74529JQF56"/>
        </identifiers>
        <balance>545000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430804.300000</valUSD>
        <pctVal>0.2101162291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JQD0</cusip>
        <identifiers>
          <isin value="US74529JQD09"/>
        </identifiers>
        <balance>1203000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1095502.450000</valUSD>
        <pctVal>0.5343095317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>PR SALES TAX FING SALES TAX REV SER B2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRM9</cusip>
        <identifiers>
          <isin value="US74529JRM98"/>
        </identifiers>
        <balance>352000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>344119.850000</valUSD>
        <pctVal>0.1678376127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>PUERTO RICO SALES TAX RESTRUCT SER A-2</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JRJ6</cusip>
        <identifiers>
          <isin value="US74529JRJ69"/>
        </identifiers>
        <balance>2863000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2798906.590000</valUSD>
        <pctVal>1.3651110223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3290000000</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>RADIANCE CDD 144A</name>
        <lei>N/A</lei>
        <title>RADIANCE COMMUNITY DEVELOPMENT DISTRICT</title>
        <cusip>75030AAB9</cusip>
        <identifiers>
          <isin value="US75030AAB98"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>102023.460000</valUSD>
        <pctVal>0.0497599135</pctVal>
        <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>6.2000000000</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>RAMPART RANGE CO MET DIST 5</name>
        <lei>N/A</lei>
        <title>RAMPART RANGE METROPOLITAN DISTRICT NO 5</title>
        <cusip>75157WAA0</cusip>
        <identifiers>
          <isin value="US75157WAA09"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>469820.400000</valUSD>
        <pctVal>0.2291455559</pctVal>
        <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>4.0000000000</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>REDTAIL RIDGE MET DIST CO CABS</name>
        <lei>N/A</lei>
        <title>REDTAIL RIDGE METROPOLITAN DISTRICT</title>
        <cusip>75773CAA8</cusip>
        <identifiers>
          <isin value="US75773CAA80"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>326930.000000</valUSD>
        <pctVal>0.1594536053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>RENO-TAHOE NV REF TAHO ARPT SER A AMT</name>
        <lei>N/A</lei>
        <title>RENO-TAHOE AIRPORT AUTHORITY</title>
        <cusip>759874CA6</cusip>
        <identifiers>
          <isin value="US759874CA67"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105996.220000</valUSD>
        <pctVal>0.0516975482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>SALT VERDE AZ FNL CORP SNR GAS REV</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>SALT VERDE FINANCIAL CORP</title>
        <cusip>79575EAS7</cusip>
        <identifiers>
          <isin value="US79575EAS72"/>
        </identifiers>
        <balance>430000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437161.950000</valUSD>
        <pctVal>0.2132170465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>SALT VERDE AZ FNL CORP SNR GAS REV</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>SALT VERDE FINANCIAL CORP</title>
        <cusip>79575EAM0</cusip>
        <identifiers>
          <isin value="US79575EAM03"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100501.750000</valUSD>
        <pctVal>0.0490177297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>SAVANNAH GEORGIA-A</name>
        <lei>N/A</lei>
        <title>SAVANNAH GEORGIA CONVENTION CENTER AUTHORITY</title>
        <cusip>804828AA9</cusip>
        <identifiers>
          <isin value="US804828AA94"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257064.800000</valUSD>
        <pctVal>0.1253782435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>SPARKS-REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ST LOUIS MO LD CLR NTL GEOSPTL INT PROJ</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>ILLINOIS ST SER A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY ST</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>190477.580000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.0000000000</annualizedRt>
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      <invstOrSec>
        <name>OH ST HOSP REV UNIV HLTH SYS SR B DAILY</name>
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          <isin value="US67756CDF23"/>
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        <curCd>USD</curCd>
        <valUSD>170000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-15</maturityDt>
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          <annualizedRt>3.0000000000</annualizedRt>
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      <invstOrSec>
        <name>SUSQUEHANNA PA ARPT SYS  REV AMT</name>
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        <title>SUSQUEHANNA AREA REGIONAL AIRPORT AUTHORITY</title>
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          <isin value="US86909RBG56"/>
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        <valUSD>392169.180000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>TANEY CNTY MO TAX REV INFRA PROJ 144A</name>
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          <isin value="US87539QAA76"/>
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        <curCd>USD</curCd>
        <valUSD>351418.410000</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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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>TEMPE INDL DEV AUTH-A</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.3750000000</annualizedRt>
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        <name>TENNERGY CORP TN GAS SER A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GUAM GOVT HOTEL OCCUP TAX REV SER A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TX CITY IDC REV NRG ENRGY PJ SR 2012</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TX ST GAS ACQ &amp; SPLY CORP III GAS SPLY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TX ST GAS ACQ &amp; SPLY CORP V GAS SPLY REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TX MUNI GAS ACQ VI</name>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>TX PRIV ACT-REF-AMT AMT</name>
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        <balance>875000.000000</balance>
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        <valUSD>905776.200000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOB SETTLE FING CORP NJ SER B</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOB SETTLE FING CORP NJ SER A</name>
        <lei>N/A</lei>
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        <cusip>888808HQ8</cusip>
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          <isin value="US888808HQ88"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHESTERTOWN-REV-REF</name>
        <lei>N/A</lei>
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          <isin value="US166630AW33"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.2500000000</annualizedRt>
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        <name>HAMDEN CT WHITNEY CENTER PROJ</name>
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          <isin value="US4067927W54"/>
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        <curCd>USD</curCd>
        <valUSD>116787.950000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>HAMDEN CT WHITNEY CENTER PROJ</name>
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          <isin value="US4067927Y11"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>TUSCALOOSA CO AL HUNT REFINING SR A 144A</name>
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        <curCd>USD</curCd>
        <valUSD>463751.890000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
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        <name>TWO RIVERS WEST CDD FL SR 2024 PROJ</name>
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          <isin value="US90207HAJ32"/>
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        <curCd>USD</curCd>
        <valUSD>191802.110000</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>4.8000000000</annualizedRt>
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        <name>VILLAGE CDD NO 15 SPL 144A</name>
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          <isin value="US92708KAB35"/>
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        <curCd>USD</curCd>
        <valUSD>112013.400000</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>4.3750000000</annualizedRt>
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      <invstOrSec>
        <name>VLG CMNTY DEV DT#16</name>
        <lei>N/A</lei>
        <title>VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 16</title>
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          <isin value="US92708MAD56"/>
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        <curCd>USD</curCd>
        <valUSD>981368.300000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.8750000000</annualizedRt>
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      <invstOrSec>
        <name>VI HOTEL DEV FIN-A-1</name>
        <lei>N/A</lei>
        <title>VIRGIN ISLANDS HOTEL DEVELOPMENT FINANCING CORP</title>
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          <isin value="US92766AAJ79"/>
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        <curCd>USD</curCd>
        <valUSD>328137.540000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>VA ST CLG BLDG MARYMOUNT UNIV PROJ SER A 144A</name>
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          <isin value="US9277816D10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>VA ST CLG BLDG MARYMOUNT UNI PROJ B 144A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VA ST SMALL BUS AUTH ELIZABETH RVR AMT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VA SMALL BUSINESS-AMT AMT</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT</name>
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          <isin value="US928104PX01"/>
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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>4.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VA ST SMALL BUS AUTH ELIZABETH RVR AMT</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FINANCING AUTHORITY</title>
        <cusip>928104NX2</cusip>
        <identifiers>
          <isin value="US928104NX29"/>
        </identifiers>
        <balance>750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>697867.730000</valUSD>
        <pctVal>0.3403711055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FINANCING AUTHORITY</title>
        <cusip>928104PD4</cusip>
        <identifiers>
          <isin value="US928104PD47"/>
        </identifiers>
        <balance>120000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126682.790000</valUSD>
        <pctVal>0.0617870113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>VA ST SMALL BUS AUTH ELIZABETH RVR AMT</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FINANCING AUTHORITY</title>
        <cusip>928104NM6</cusip>
        <identifiers>
          <isin value="US928104NM63"/>
        </identifiers>
        <balance>525000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>524795.570000</valUSD>
        <pctVal>0.2559586017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>WA ST HSG FIN COMM CERT SER 2024-1 A1</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
        <cusip>93978UAA4</cusip>
        <identifiers>
          <isin value="US93978UAA43"/>
        </identifiers>
        <balance>221394.750000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>209237.010000</valUSD>
        <pctVal>0.1020511902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.2210000000</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>WA ST HSG RADFORD &amp; NORDHEIM PORTFOLIO</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
        <cusip>93978LGT7</cusip>
        <identifiers>
          <isin value="US93978LGT70"/>
        </identifiers>
        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>306650.190000</valUSD>
        <pctVal>0.1495625313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WA ST HSG FIN COM TRANS AGE PRJ SR A 144 144A</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
        <cusip>939783YX8</cusip>
        <identifiers>
          <isin value="US939783YX88"/>
        </identifiers>
        <balance>245000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249724.780000</valUSD>
        <pctVal>0.1217982947</pctVal>
        <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>5.0000000000</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>WA ST HSG FIN COMM SOC CERT SER A-1</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
        <cusip>93978T4M8</cusip>
        <identifiers>
          <isin value="US93978T4M89"/>
        </identifiers>
        <balance>727519.981000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667073.980000</valUSD>
        <pctVal>0.3253520664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.3750000000</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>WA ST HSG FIN COMM SOC CERT SER A-1</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON STATE HOUSING FINANCE COMMISSION</title>
        <cusip>93978TS59</cusip>
        <identifiers>
          <isin value="US93978TS593"/>
        </identifiers>
        <balance>679806.840000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>646680.060000</valUSD>
        <pctVal>0.3154053376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5000000000</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>W VLGS FL IMPT DIST</name>
        <lei>N/A</lei>
        <title>WEST VILLAGES IMPROVEMENT DISTRICT</title>
        <cusip>956454CK6</cusip>
        <identifiers>
          <isin value="US956454CK65"/>
        </identifiers>
        <balance>175000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>176029.160000</valUSD>
        <pctVal>0.0858547218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.5000000000</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>WV ST COMMERCIAL METALS CO PROJ AMT</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</title>
        <cusip>95648VBV0</cusip>
        <identifiers>
          <isin value="US95648VBV09"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253646.280000</valUSD>
        <pctVal>0.1237109283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.6250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTCHESTER CO -A 144A</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP</title>
        <cusip>95737TFZ4</cusip>
        <identifiers>
          <isin value="US95737TFZ49"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>98126.800000</valUSD>
        <pctVal>0.0478593951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTCHESTER CO NY LOC DEV REF MED CTR</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP</title>
        <cusip>95737TFG6</cusip>
        <identifiers>
          <isin value="US95737TFG67"/>
        </identifiers>
        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>215284.500000</valUSD>
        <pctVal>0.1050007331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>WI HLTH &amp; EDUCTNL FAC DICKSON HOLLOW</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN HEALTH &amp; EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>97712JJQ7</cusip>
        <identifiers>
          <isin value="US97712JJQ76"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257643.530000</valUSD>
        <pctVal>0.1256605075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.0000000000</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>WI HLTH EDL SLR CHIARA HSING &amp; SRVS PRJ</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN HEALTH &amp; EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>97671VCN3</cusip>
        <identifiers>
          <isin value="US97671VCN38"/>
        </identifiers>
        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300742.410000</valUSD>
        <pctVal>0.1466811291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6250000000</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>WI HLTH EDUCTNL FACS 144A</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN HEALTH &amp; EDUCATIONAL FACILITIES AUTHORITY</title>
        <cusip>97712JSD6</cusip>
        <identifiers>
          <isin value="US97712JSD62"/>
        </identifiers>
        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1018869.300000</valUSD>
        <pctVal>0.4969332370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-10-09</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE INTERMEDIATE TAX-FREE HIGH YIELD FUND, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
