<SEC-DOCUMENT>0000088053-16-002758.txt : 20161026
<SEC-HEADER>0000088053-16-002758.hdr.sgml : 20161026
<ACCEPTANCE-DATETIME>20161026092921
ACCESSION NUMBER:		0000088053-16-002758
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160831
FILED AS OF DATE:		20161026
DATE AS OF CHANGE:		20161026
EFFECTIVENESS DATE:		20161026

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEUTSCHE MUNICIPAL INCOME TRUST
		CENTRAL INDEX KEY:			0000839533
		IRS NUMBER:				363605060
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05655
		FILM NUMBER:		161951666

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154-0004
		BUSINESS PHONE:		212-454-6778

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154-0004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DWS MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20060206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCUDDER MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20010123

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KEMPER MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>nq083116ce_mit.htm
<DESCRIPTION>DEUTSCHE MUNICIPAL INCOME TRUST
<TEXT>
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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, DC 20549</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM N-Q</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF REGISTERED</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>MANAGEMENT INVESTMENT COMPANY</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_______________________________ </B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Investment Company Act file number: 811-05655</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><U>Deutsche Municipal Income Trust</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified
in charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">345 Park Avenue<BR>
<U>New York, NY 10154</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)
(Zip code)</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Paul Schubert</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">60 Wall Street</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>New York, NY 10005</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name and address of agent for service)</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Registrant's telephone number, including area code:
<U>(212) 250-3220</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Date of fiscal year end: <U>11/30</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 12pt 0 0">Date of reporting period: <U>8/31/2016</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ITEM 1.</B></FONT></TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SCHEDULE OF INVESTMENTS</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 20pt">Investment Portfolio</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 16pt">&#9;</FONT><FONT STYLE="font-size: 9pt"><B>as
of August 31, 2016 (Unaudited)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Deutsche Municipal Income Trust</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 4pt; font-size: 8.5pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; text-align: right; font-size: 8.5pt; font-weight: bold">Principal<BR>
Amount ($)</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; font-size: 8.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; text-align: right; font-size: 8.5pt; font-weight: bold">Value ($)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="padding-top: 8pt; padding-bottom: 4pt; font-size: 9pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="padding-top: 8pt; padding-bottom: 4pt; font-size: 9pt; font-weight: bold"><FONT STYLE="color: White">Municipal
    Bonds and Notes 121.3%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Arizona 1.2%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Arizona, Salt Verde Financial Corp., Gas Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 12/1/2037, GTY: Citigroup, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,050,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,353,030</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.5%, 12/1/2029, GTY: Citigroup, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,400,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,808,772</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Phoenix, AZ, Civic Improvement Corp., Airport Revenue, Series A, 5.0%, 7/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,381,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,543,702</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">California 17.6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, Health Facilities Financing Authority Revenue, Catholic Healthcare West, Series A, 6.0%, 7/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,995,005</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, M-S-R Energy Authority, Series A, 7.0%, 11/1/2034, GTY: Citigroup, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,180,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,875,194</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, San Gorgonio Memorial Healthcare, Election of 2006, Series C, Prerefunded, 7.2%, 8/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,309,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, South Bayside Waste Management Authority, Solid Waste Enterprise Revenue, Shoreway Environmental Center, Series A, 6.25%, 9/1/2029</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,345,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,188,922</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">California, State General Obligation:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 0.6% *, 5/1/2040, LOC: Royal Bank of Canada</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">500,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 11/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,078,650</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.25%, 4/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,295,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,185,182</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.5%, 3/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,370,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,574,884</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">6.0%, 4/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,334,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, State Public Works Board, Lease Revenue, Capital Projects, Series I-1, 6.375%, 11/1/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,346,200</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, State Public Works Board, Lease Revenue, Department of General Services, Buildings 8 &amp; 9, Series A, 6.25%, 4/1/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,640,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,568,471</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">California, Statewide Communities Development Authority Revenue, American Baptist Homes of the West, 6.25%, 10/1/2039, GTY: American Baptist Homes of the Midwest</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,433,325</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Long Beach, CA, Harbor Revenue, Series D, 5.0%, 5/15/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,065,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,305,722</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Los Angeles, CA, Community College District, Election of 2008, Series C, 5.25%, 8/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,494,250</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Los Angeles, CA, Department of Airports Revenue, Los Angeles International Airport, Series B, 5.0%, 5/15/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,673,510</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Port Oakland, CA, Series A, AMT, 5.0%, 11/1/2027, INS: NATL</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,850,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,115,882</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">San Diego County, CA, Regional Airport Authority Revenue, Series B, AMT, 5.0%, 7/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,073,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">San Diego, CA, Community College District, Election of 2006, 5.0%, 8/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,850,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,344,219</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">San Diego, CA, Unified School District, Election 2012, Series C, 5.0%, 7/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,088,950</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">94,485,666</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Colorado 3.6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Colorado, State Board of Governors, Colrado State University System Revenue, Series E-1, 5.0%, 3/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,652,160</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Colorado, State Health Facilities Authority Revenue, School Health Systems, Series A, 5.5%, 1/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,450,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,678,267</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Denver, CO, City &amp; County Airport Revenue, Series A, AMT, 5.25%, 11/15/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,400,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,782,872</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,113,299</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">District of Columbia 0.9%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">District of Columbia, Metropolitan Airport Authority Systems Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, 5.0%, 10/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">800,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">926,264</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, 5.0%, 10/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,400,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,903,404</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,829,668</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Florida 11.9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Florida, State Higher Educational Facilities, Financial Authority Revenue, Nova Southeastern University Project, 5.0%, 4/1/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,350,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,637,280</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Miami-Dade County, FL, Aviation Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, 5.0%, 10/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,857,750</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.5%, 10/1/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,223,200</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Miami-Dade County, FL, Aviation Revenue, Miami International Airport:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, 5.25%, 10/1/2033, INS: AGC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,605,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,155,461</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, Prerefunded, 5.25%, 10/1/2033, INS: AGC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,895,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,071,766</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A-1, 5.375%, 10/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,303,880</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Miami-Dade County, FL, Expressway Authority, Toll Systems Revenue, Series A, 5.0%, 7/1/2035, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,421,590</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">North Brevard County, FL, Hospital District Revenue, Parrish Medical Center Project:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.5%, 10/1/2028</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,520,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,655,386</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Prerefunded, 5.5%, 10/1/2028</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,770,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,152,693</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.75%, 10/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,440,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,569,240</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Prerefunded, 5.75%, 10/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,560,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,939,781</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Orange County, FL, Health Facilities Authority Revenue, Orlando Health, Inc.:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 10/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">720,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">881,338</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 10/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">865,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,057,099</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Orlando &amp; Orange County, FL, Expressway Authority Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series C, 5.0%, 7/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,705,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,056,893</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 7/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,895,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">13,433,023</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Tallahassee, FL, Health Facilities Revenue, Memorial Healthcare, Inc. Project, Series A, 5.0%, 12/1/2055</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">745,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">866,167</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">64,282,547</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Georgia 8.3%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Atlanta, GA, Airport Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 1/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,030,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,153,909</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series C, AMT, 5.0%, 1/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,690,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,906,878</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Atlanta, GA, Water &amp; Wastewater Revenue, Series A, Prerefunded, 6.25%, 11/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,815,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,826,228</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Gainesville &amp; Hall County, GA, Hospital Authority Revenue, Anticipation Certificates, Northeast Georgia Healthcare, Series A, 5.5%, 2/15/2045</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,135,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,412,657</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Georgia, Main Street Natural Gas, Inc., Gas Project Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 3/15/2020, GTY: JPMorgan Chase &amp; Co.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,102,745</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.5%, 9/15/2024, GTY: Merrill Lynch &amp; Co., Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,176,400</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.5%, 9/15/2028, GTY: Merrill Lynch &amp; Co., Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">13,114,300</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Georgia, Medical Center Hospital Authority Revenue, Anticipation Certificates, Columbus Regional Healthcare Systems, 6.5%, 8/1/2038, INS: AGC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,300,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,625,743</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Georgia, Municipal Electric Authority Revenue, Project One, Series A, 5.0%, 1/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,010,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,217,393</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">44,536,253</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Guam 0.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Guam, International Airport Authority Revenue, Series C, AMT, 6.375%, 10/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">535,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>653,636</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Hawaii 1.4%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Hawaii, State Airports Systems Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 7/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,200,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,736,340</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, AMT, 5.0%, 7/1/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,490,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,757,679</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Hawaii, State Department of Budget &amp; Finance, Special Purpose Revenue, Hawaiian Electric Co., Inc., 6.5%, 7/1/2039, GTY: Sisters of Charity Health System</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,132,610</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,626,629</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Idaho 1.0%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Idaho, Health Facilities Authority Revenue, St. Luke's Regional Medical Center:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 7/1/2035, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,810,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">6.75%, 11/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,135,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,387,635</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,198,435</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Illinois 8.7%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Chicago, IL, Airport Revenue, O'Hare International Airport:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.75%, 1/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,851,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 6.0%, 1/1/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,738,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, Finance Authority Revenue, Advocate Health Care Network, Series D, Prerefunded, 6.5%, 11/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,126,230</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, Finance Authority Revenue, Memorial Health Systems, 5.5%, 4/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,200,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,605,006</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, Finance Authority Revenue, Northwest Community Hospital, Series A, Prerefunded, 5.5%, 7/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,750,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,257,898</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, Metropolitan Pier &amp; Exposition Authority, Dedicated State Tax Revenue, Series A, Zero Coupon, 12/15/2034, INS: NATL</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,469,410</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, Railsplitter Tobacco Settlement Authority, 6.0%, 6/1/2028</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">915,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,095,868</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Illinois, State Finance Authority Revenue, Advocate Health Care Network:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 5.375%, 4/1/2044</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,320,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,448,053</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, Prerefunded, 5.375%, 4/1/2044</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,180,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,321,305</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, State Finance Authority Revenue, Ascension Health Credit Group, Series A, 5.0%, 11/15/2032</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">730,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">850,698</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Illinois, State Finance Authority Revenue, OSF Healthcare Systems:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 5/15/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,580,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,786,522</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 11/15/2045</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,745,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,058,437</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Illinois, State Finance Authority Revenue, University of Chicago, Series A, 5.0%, 10/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,445,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,242,966</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Springfield, IL, Electric Revenue, Senior Lien, 5.0%, 3/1/2040, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">970,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,146,521</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,999,214</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Indiana 2.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Indiana, Finance Authority Hospital Revenue, Deaconess Hospital Obligation, Series A, Prerefunded, 6.75%, 3/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,745,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,006,436</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Indiana, State Finance Authority Revenue, Community Foundation of Northwest Indiana, 5.0%, 3/1/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,601,750</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Indiana, State Municipal Power Agency Revenue, Series A, 5.0%, 1/1/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,230,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,917,441</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,525,627</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Kentucky 1.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Kentucky, Economic Development Finance Authority, Louisville Arena Project Revenue, Series A-1, 6.0%, 12/1/2042, INS: AGC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,286,040</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Louisville &amp; Jefferson County, KY, Metropolitan Government Health Systems Revenue, Norton Healthcare, Inc., 5.0%, 10/1/2030</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,020,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,306,040</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Louisiana 0.9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Louisiana, Public Facilities Authority, Hospital Revenue, Lafayette General Medical Center, 5.5%, 11/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,307,260</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Louisiana, St. John Baptist Parish Revenue, Marathon Oil Corp., Series A, 5.125%, 6/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,440,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,474,315</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,781,575</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Maryland 0.5%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Maryland, State Health &amp; Higher Educational Facilities Authority Revenue, Anne Arundel Health Systems, Series A, Prerefunded, 6.75%, 7/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,100,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,286,868</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Maryland, State Health &amp; Higher Educational Facilities Authority Revenue, Washington County Hospital, Prerefunded, 5.75%, 1/1/2033</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,603,155</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,890,023</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Massachusetts 1.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State Development Finance Agency Revenue, Northeastern University, Series A, 5.25%, 3/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,076,950</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State Health &amp; Educational Facilities Authority Revenue, Suffolk University, Series A, 5.75%, 7/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,570,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,967,698</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,044,648</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Michigan 5.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Detroit, MI, Water &amp; Sewerage Department, Sewerage Disposal System Revenue, Series A, 5.25%, 7/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,120,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,284,214</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Michigan, State Building Authority Revenue, Series I-A, 5.375%, 10/15/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,748,600</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Michigan, State Building Authority Revenue, Facilities Program:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series I, 5.0%, 4/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,930,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,335,339</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series H, 5.125%, 10/15/2033</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,495,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,780,278</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series I, 6.0%, 10/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">395,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">437,151</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series I, Prerefunded, 6.0%, 10/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">605,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">673,637</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Michigan, State Finance Authority Revenue, Trinity Health Corp., 5.0%, 12/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">665,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">781,920</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Michigan, State Hospital Finance Authority Revenue, Henry Ford Health Hospital, 5.75%, 11/15/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,697,950</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Royal Oak, MI, Hospital Finance Authority Revenue, William Beaumont Hospital, Prerefunded, 8.25%, 9/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,800,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,073,402</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Wayne County, MI, Airport Authority Revenue, Series F, AMT, 5.0%, 12/1/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,359,860</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,172,351</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Minnesota 0.2%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Minneapolis, MN, Health Care Systems Revenue, Fairview Health Services, Series A, Prerefunded, 6.75%, 11/15/2032</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,140,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1,292,498</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Mississippi 0.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Warren County, MS, Gulf Opportunity Zone, International Paper Co., Series A, 6.5%, 9/1/2032</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,525,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1,681,114</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Missouri 0.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Missouri, State Health &amp; Educational Facilities Authority Revenue, Medical Research, Lutheran Senior Services, Series A, 5.0%, 2/1/2046</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">335,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>390,051</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Nevada 3.9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Clark County, NV, Airport Revenue, Series B, 5.125%, 7/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,305,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,819,404</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Henderson, NV, Health Care Facility Revenue, Catholic Healthcare West, Series B, 5.25%, 7/1/2031</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,296,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Las Vegas Valley, NV, Water District, Series B, 5.0%, 6/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,830,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,763,736</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,879,640</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">New Jersey 1.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New Jersey, Hospital &amp; Healthcare Revenue, General Hospital Center at Passaic, ETM, 6.75%, 7/1/2019, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,190,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,517,549</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New Jersey, State Economic Development Authority Revenue, The Goethals Bridge Replacement Project, AMT, 5.125%, 7/1/2042, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,446,800</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New Jersey, State Transportation Trust Fund Authority, Transportation Systems, Series A, 6.0%, 12/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,955,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,152,162</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New Jersey, State Turnpike Authority Revenue, Series E, 5.25%, 1/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,750,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,908,322</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,024,833</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">New York 9.2%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, General Obligation, Series A-4, 0.55% *, 8/1/2038, LOC: Bank of Tokyo-Mitsubishi UFJ</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">New York, Metropolitan Transportation Authority Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series C, 5.0%, 11/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,132,440</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series D, 5.0%, 11/15/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,090,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,310,006</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series C, 5.0%, 11/15/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,929,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A-1, 5.25%, 11/15/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,901,280</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, State Energy Research &amp; Development Authority Facilities Revenue, Consolidated Edison Co., Inc. Project, Series A-3, 0.62% *, 5/1/2039, LOC: Mizuho Corporate Bank</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">680,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">680,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, State Environmental Facilities Corp., State Clean Water &amp; Drinking Revolving Funds, New York City Municipal Water Finance Authority Projects, 5.0%, 6/15/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,356,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, State Liberty Development Corp. Revenue, World Trade Center Port Authority Construction, 5.25%, 12/15/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,569,200</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">New York, Utility Debt Securitization Authority, Restructuring Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series TE, 5.0%, 12/15/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">800,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">983,320</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series TE, 5.0%, 12/15/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,225,300</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York City, NY, Municipal Water Finance Authority, Water &amp; Sewer Revenue, Second General Resolution, Series AA, 5.0%, 6/15/2044</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,032,700</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York City, NY, Municipal Water Finance Authority, Water &amp; Sewer Systems Revenue, Second General Resolution, Series EE, 5.375%, 6/15/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,750,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,422,300</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Port Authority of New York &amp; New Jersey, One Hundred Eighty-Fourth:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 9/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">205,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">251,106</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 9/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">510,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">623,011</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Port Authority of New York &amp; New Jersey, One Hundred Ninety-Third:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">AMT, 5.0%, 10/15/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,620,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,975,055</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">AMT, 5.0%, 10/15/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">800,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">973,872</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">49,365,490</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">North Carolina 0.6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">North Carolina, Medical Care Commission, Health Care Facilities Revenue, University Health System, Series D, Prerefunded, 6.25%, 12/1/2033</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3,374,370</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">North Dakota 0.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Fargo, ND, Sanford Health Systems Revenue, 6.25%, 11/1/2031</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,240,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3,982,349</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Ohio 2.9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Lucas County, OH, Hospital Revenue, Promedica Healthcare, Series A, 6.5%, 11/15/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,877,595</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Ohio, State Hospital Facility Revenue, Cleveland Clinic Health:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.5%, 1/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,535,950</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 5.5%, 1/1/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,875,165</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Ohio, State Turnpike Commission, Junior Lien, Infrastructure Projects, Series A-1, 5.25%, 2/15/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,520,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,219,002</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,507,712</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Pennsylvania 5.2%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Allegheny County, PA, Hospital Development Authority Revenue, University of Pittsburgh Medical, 5.625%, 8/15/2039</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,700,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,918,314</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Franklin County, PA, Industrial Development Authority Revenue, Chambersburg Hospital Project, 5.375%, 7/1/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,994,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Pennsylvania, Commonwealth Financing Authority, Series A, 5.0%, 6/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,560,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,829,927</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Pennsylvania, State Turnpike Commission Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 12/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,030,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,427,859</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A-1, 5.0%, 12/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,950,750</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series C, 5.0%, 12/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,734,880</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Philadelphia, PA, Airport Revenue, Series A, 5.0%, 6/15/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,835,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,193,486</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,049,216</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Puerto Rico 0.5%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.5%, 8/1/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,255,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,175,351</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 6.0%, 8/1/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,200,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,675,648</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,850,999</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Rhode Island 0.4%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Rhode Island, Health &amp; Educational Building Corp., Higher Education Facility Revenue, University of Rhode Island, Series A, 6.25%, 9/15/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2,213,380</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">South Carolina 6.9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Charleston County, SC, Airport District, Airport System Revenue, Series A, AMT, 5.875%, 7/1/2032</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,560,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,993,163</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Greenwood County, SC, Hospital Revenue, Self Regional Healthcare, Series B, 5.0%, 10/1/2031</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,146,620</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">South Carolina, State Ports Authority Revenue, 5.25%, 7/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,550,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,888,079</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">South Carolina, State Public Service Authority Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 12/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,220,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,703,938</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.0%, 12/1/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,295,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,218,812</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series E, 5.25%, 12/1/2055</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,570,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,140,396</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">South Carolina, State Public Service Authority Revenue, Santee Cooper, Series A, 5.75%, 12/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,220,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,834,152</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">36,925,160</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Tennessee 1.2%</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Jackson, TN, Hospital Revenue, Jackson-Madison Project:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.625%, 4/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,080,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,157,015</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Prerefunded, 5.625%, 4/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,920,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,150,621</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Sullivan County, TN, Health, Educational &amp; Housing Facilities Board, Hospital Revenue, Wellmont Health Systems Project, Series C, 5.25%, 9/1/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,050,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,050,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,357,636</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Texas 16.8%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Central Texas, Regional Mobility Authority Revenue, Senior Lien, Series A, 5.0%, 1/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,155,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,368,479</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Dallas-Fort Worth, International Airport Revenue, Series F, AMT, 5.0%, 11/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,269,360</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Harris County, TX, Health Facilities Development Corp., Hospital Revenue, Memorial Hermann Healthcare System, Series B, Prerefunded, 7.25%, 12/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,146,600</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Harris County, TX, Houston Port Authority, Series A, AMT, 6.25%, 10/1/2029</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,305,340</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Houston, TX, Airport Revenue, People Mover Project, Series A, AMT, 5.5%, 7/15/2017, INS: AGMC</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">730,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">733,007</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">North Texas, Tollway Authority Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 5.0%, 1/1/2040</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,060,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,415,144</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">First Tier, Series A, 5.625%, 1/1/2033</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">430,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">455,796</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">First Tier, Series A, Prerefunded, 5.625%,&nbsp;&nbsp;1/1/2033&nbsp;&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,070,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,273,909</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Second Tier, Series F, Prerefunded, 5.75%, 1/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,942,455</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">First Tier, 6.0%, 1/1/2043</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,921,950</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">North Texas, Tollway Authority Revenue, Special Project Systems, Series D, 5.0%, 9/1/2032</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,348,980</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Texas, Dallas/Fort Worth International Airport Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series H, AMT, 5.0%, 11/1/2042</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,425,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,160,033</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series F, 5.25%, 11/1/2033</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,258,485</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series A, 5.25%, 11/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,619,040</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Texas, Grand Parkway Transportation Corp., System Toll Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 5.0%, 4/1/2053</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">4,091,955</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 5.25%, 10/1/2051</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,980,600</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Texas, Municipal Gas Acquisition &amp; Supply Corp. I, Gas Supply Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series B, 1.137% **, 12/15/2026, GTY: Merrill Lynch &amp; Co., Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,398,525</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Series D, 6.25%, 12/15/2026, GTY: Merrill Lynch &amp; Co., Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,337,700</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Texas, SA Energy Acquisition Public Facility Corp., Gas Supply Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.5%, 8/1/2021, GTY: The Goldman Sachs Group, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,155,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,380,433</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.5%, 8/1/2025, GTY: The Goldman Sachs Group, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">9,170,670</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Texas, Southwest Higher Education Authority, Inc., Southern Methodist University Project, 5.0%, 10/1/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,600,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,831,744</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding-left: 0.2in; text-indent: -0.2in">Texas, State Municipal Gas Acquisition &amp; Supply Corp. III Gas Supply Revenue:</TD>
    <TD COLSPAN="6" STYLE="font-size: 12pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 12/15/2030, GTY: Macquarie Group Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">288,197</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 12/15/2031, GTY: Macquarie Group Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,165,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">3,636,617</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">5.0%, 12/15/2032, GTY: Macquarie Group Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,285,480</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Texas, State Transportation Commission, Turnpike Systems Revenue, Series C, 5.0%, 8/15/2034</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,235,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,464,315</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">West Harris County, TX, Regional Water Authority, Water Systems Revenue, 5.0%, 12/15/2035</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,500,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,270,380</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,355,194</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Virginia 0.4%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Stafford County, VA, Economic Development Authority, Hospital Facilities Revenue, Mary Washington Healthcare, 5.0%, 6/15/2036</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">400,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">483,828</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Washington County, VA, Industrial Development Authority, Hospital Facility Revenue, Mountain States Health Alliance, Series C, 7.75%, 7/1/2038</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,370,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,556,238</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,040,066</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Washington 3.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Washington, State Health Care Facilities Authority Revenue, Virginia Mason Medical Center, Series A, 6.125%, 8/15/2037</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,284,880</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Washington, State Health Care Facilities Authority, Catholic Health Initiatives, Series A, 5.0%, 2/1/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,547,150</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Washington, State Health Care Facilities Authority, Swedish Health Services, Series A, Prerefunded, 6.75%, 11/15/2041</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,825,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">2,316,545</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Washington, State Motor Vehicle Tax-Senior 520 Corridor Program, Series C, 5.0%, 6/1/2031</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,870,400</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,018,975</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Wisconsin 0.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Wisconsin, State Health &amp; Educational Facilities Authority Revenue, Prohealth Care, Inc. Obligation Group, Prerefunded, 6.625%, 2/15/2039</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">1,555,000</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1,780,459</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total Municipal Bonds and Notes</B></FONT> (Cost $563,984,360)</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>653,078,455</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="padding-top: 8pt; padding-bottom: 4pt; font-size: 9pt; font-weight: bold"><FONT STYLE="color: White">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="padding-top: 8pt; padding-bottom: 4pt; font-size: 9pt; font-weight: bold"><FONT STYLE="color: White">Underlying
    Municipal Bonds of Inverse Floaters (a) 33.4%</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">California 2.1%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">University of California, State Revenues, Series K, 4.0%, 5/15/2036 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11,405,600</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: California, Tender Option Bond Trust Receipts/Certificates of Various States, Series 2016-XM0346, 144A, 12.13%, 5/15/2036, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">District of Columbia 2.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">District of Columbia, General Obligation, Series A, 5.0%, 6/1/2041 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12,414,900</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: District of Columbia, Tender Option Bond Trust Receipts/Certificates of Various States, Series 2016-XM0325, 144A, 16.13%, 6/1/2041, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Florida 2.3%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Orange County, FL, School Board, Certificates of Participation, Series C, 5.0%, 8/1/2034 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12,272,300</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Orange County, FL, School Board, Series 2016-XM0182, 144A, 15.92, 8/1/2034, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Massachusetts 9.0%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State Water Pollution Abatement Trust, Series 13, 5.0%, 8/1/2032 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">18,250,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">19,002,020</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State Water Pollution Abatement Trust, Series 13, 5.0%, 8/28/2037 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,206,033</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Massachusetts, State Pollution Control, Water Utility Improvements, Series 3159, 144A, 12.553%, 2/1/2017 Leverage Factor at purchase date: 3 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State General Obligation, Series E, 4.0%, 4/1/2038 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,000,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,201,300</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Massachusetts, Tender Option Bond Trust Receipts/Certificates of Various States, Series 2016-XM0335, 144A, 12.13%, 4/1/2038, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Massachusetts, State Development Finance Agency Revenue, Partners Healthcare System, Inc., Series Q, 5.0%, 7/1/2035 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,425,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">12,889,258</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Massachusetts, State Development Finance Agency Revenue, Series 2016-XM0137, 144A, 16.109%, 1/1/2024, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right">48,298,611</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Nevada 5.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Clark County, NV, General Obligation, Limited Tax-Bond Bank, 5.0%, 6/1/2028 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,296,603</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,093,732</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Clark County, NV, General Obligation, Limited Tax-Bond Bank, 5.0%, 6/1/2029 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,611,433</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,598,419</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Clark County, NV, General Obligation, Limited Tax-Bond Bank, 5.0%, 6/3/2030 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">6,416,920</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,286,606</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Nevada, Tender Option Bond Trust Receipts/Certificates of Various States, Series 2016-XM0280, 144A, 12.409%, 6/1/2030, Leverage Factor at purchase date: 3 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right">30,978,757</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">New York 2.6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, State Dormitory Authority Revenues, State Supported Debt, University Dormitory Facilities, 5.0%, 7/1/2025 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,425,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">5,627,647</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">New York, State Dormitory Authority Revenues, State Supported Debt, University Dormitory Facilities, 5.0%, 7/1/2027 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,080,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,381,823</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: New York, State Dormitory Authority Revenues, Series 3169, 144A, 12.552%, 7/1/2025, Leverage Factor at purchase date: 3 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right">14,009,470</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Tennessee 6.2%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Nashville &amp; Davidson County, TN, Metropolitan Government, 5.0%, 1/1/2027 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,756,695</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,389,383</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Nashville &amp; Davidson County, TN, Metropolitan Government, Series 2631-3, 144A, 16.425%, 7/1/2017 Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Nashville &amp; Davidson County, TN, Metropolitan Government, 5.0%, 1/1/2026 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,200,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,799,964</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Nashville &amp; Davidson County, TN, Metropolitan Government, Series 2631-2, 144A, 16.43%, 7/1/2017, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Nashville &amp; Davidson County, TN, Metropolitan Government, 5.0%, 1/1/2028 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">10,564,925</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">11,186,328</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Nashville &amp; Davidson County, TN, Metropolitan Government, Series 2631-4, 144A, 16.437%, 7/1/2017, Leverage Factor at purchase date: 4 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-weight: bold; text-align: right">33,375,675</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="9" STYLE="padding-top: 6pt; padding-bottom: 2pt; font-size: 9pt; font-weight: bold">Virginia 3.2%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Virginia, State Resource Authority, Clean Water Revenue, 5.0%, 10/1/2027 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,190,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,931,593</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">Virginia, State Resource Authority, Clean Water Revenue, 5.0%, 10/1/2028 (b)</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">7,630,000</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-align: right; text-indent: -0.2in">8,320,886</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in"><I>Trust: Virginia, State Resource Authority, Clean Water Revenue, Series 2917, 144A, 10.532%, 10/1/2028, Leverage Factor at purchase date: 2.5 to 1</I></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.2in; text-indent: -0.2in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-weight: bold; text-align: right">17,252,479</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total Underlying Municipal Bonds of Inverse Floaters</B></FONT> (Cost $171,771,492)</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>180,007,792</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 4pt; font-size: 8.5pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; text-align: right; font-size: 8.5pt; font-weight: bold">% of<BR>
Net Assets</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; font-size: 8.5pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 4pt; text-align: right; font-size: 8.5pt; font-weight: bold">Value ($)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Total Investment Portfolio</B></FONT> (Cost $735,755,852) &dagger;</TD>
    <TD COLSPAN="4" STYLE="text-align: right">154.7</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>833,086,247</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Floating Rate Notes (a)</B></FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: right">(21.3)</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(114,766,576)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Series 2018 MTPS, at Liquidation Value</B></FONT></TD>
    <TD COLSPAN="4" STYLE="text-align: right">(36.9)</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(198,750,000)</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Other Assets and Liabilities, Net </B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: right">3.5</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>18,851,876</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Net Assets</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-bottom: 6pt; text-align: right">100.0</TD>
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>538,421,547</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 70%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 6%; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">*</TD>
    <TD STYLE="vertical-align: bottom; width: 94%; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">Variable rate demand notes are securities whose interest rates are reset periodically at market levels. These securities are often payable on demand and are shown at their current rates as of August 31, 2016.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">**</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">Floating rate securities&rsquo; yields vary with a designated market index or market rate, such as the coupon-equivalent of the U.S. Treasury Bill rate. These securities are shown at their current rate as of August 31, 2016.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">&dagger;</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">The cost for federal income tax purposes was $617,253,947.&nbsp;&nbsp;At August 31, 2016, net unrealized appreciation for all securities based on tax cost was $101,065,724.&nbsp;&nbsp;This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $103,784,851 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $2,719,127.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">(a)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">Securities represent the underlying municipal obligations of inverse floating rate obligations held by the Fund. The Floating Rate Notes represents leverage to the Fund and is the amount owed to the floating rate note holders.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">(b)</TD>
    <TD STYLE="vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">Security forms part of the below inverse floater. The Fund accounts for these inverse floaters as a form of secured borrowing, by reflecting the value of the underlying bond in the investments of the Fund and the amount owed to the floating rate note holder as a liability.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; padding-top: 3pt; padding-bottom: 3pt; font-style: italic">144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">AGC: Assured Guaranty Corp.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">AGMC: Assured Guaranty Municipal Corp.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">AMT: Subject to alternative minimum tax.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">ETM: Bonds bearing the description ETM (escrow to maturity) are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on bonds so designated.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">GTY: Guaranty Agreement</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">INS: Insured</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">NATL: National Public Finance Guarantee Corp.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font-style: italic">Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><B><I>Fair Value Measurements</I></B></P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 0">Various inputs are used in determining the value of the Fund's
investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical
securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates,
prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in
determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk
or liquidity associated with investing in those securities.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><I>The following is a summary of the inputs used as of August 31,
2016 in valuing the Fund's investments. </I></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 49%; border-bottom: Black 1pt solid; font-weight: bold">Assets</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 1</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 2</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Level 3</TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Total</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">Municipal Investments <FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>(c)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">833,086,247</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right">833,086,247</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,086,247</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">$</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">833,086,247</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-style: italic">There have been no transfers between fair value measurement levels during the period ended August 31, 2016.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 3%; font-style: italic">(c)</TD>
    <TD STYLE="width: 97%; font-style: italic">See Investment Portfolio for additional detailed categorizations.</TD></TR>
</TABLE>
<P STYLE="font: italic 8pt Times New Roman, Times, Serif; margin: 3pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Courier New, Courier, Monospace; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ITEM 2.</B></FONT></TD>
    <TD STYLE="width: 84%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>CONTROLS AND PROCEDURES</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.5in; text-indent: -0.5in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a) &#9;The Chief Executive and Financial Officers concluded that the Registrant&rsquo;s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.6pt; text-indent: -30.6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.5in; text-indent: -0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b) &#9;There have been no changes in the registrant&rsquo;s internal control over financial reporting that occurred during the registrant&rsquo;s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&rsquo;s internal controls over financial reporting.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.6pt; text-indent: -30.6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ITEM 3.</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.6pt; text-indent: -30.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>EXHIBITS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 30.6pt; text-indent: -30.6pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Registrant:</FONT></TD>
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Deutsche Municipal Income Trust</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Brian E. Binder</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Brian E. Binder</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">President</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-size: 10pt">October 21, 2016</FONT></TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 67%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Brian E. Binder</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Brian E. Binder</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">President</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">October 21, 2016</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Paul Schubert</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Paul Schubert</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer and Treasurer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">October 21, 2016</FONT></TD></TR>
</TABLE>


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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>ex99cert.htm
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0">CERTIFICATIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">I, Brian E. Binder, certify that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report on Form N-Q of Deutsche Municipal Income Trust;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the report is filed;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report, based on such evaluation; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent functions):</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 69%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Brian E. Binder</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Brian E. Binder</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">President</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><FONT STYLE="font-size: 10pt">October 21, 2016</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-indent: -2in">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-right: 0; margin-left: 0">CERTIFICATIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">I, Paul Schubert, certify that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD>I have reviewed this report on Form N-Q of Deutsche Municipal Income Trust;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with
respect to the period covered by this report;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD>Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments
of the registrant as of the end of the fiscal quarter for which the report is filed;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD>The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting
(as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report, based on such evaluation; and</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD>Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's
internal control over financial reporting; and</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD>The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent functions):</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and</TD></TR></TABLE>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0 1.5in; text-indent: -0.5in">&nbsp;</P>

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    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 69%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/Paul Schubert</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Paul Schubert</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chief Financial Officer and Treasurer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">October 21, 2016</FONT></TD></TR>
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