<SEC-DOCUMENT>0001752724-23-197597.txt : 20230829
<SEC-HEADER>0001752724-23-197597.hdr.sgml : 20230829
<ACCEPTANCE-DATETIME>20230829092408
ACCESSION NUMBER:		0001752724-23-197597
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230630
FILED AS OF DATE:		20230829
DATE AS OF CHANGE:		20230829
PERIOD START:           	20240331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Eaton Vance National Municipal Opportunities Trust
		CENTRAL INDEX KEY:			0001454741
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22269
		FILM NUMBER:		231218669

	BUSINESS ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-482-8260

	MAIL ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Eaton Vance National Municipal Trust
		DATE OF NAME CHANGE:	20090126
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      </invstOrSec>
      <invstOrSec>
        <name>Vermont Economic Development Authority</name>
        <lei>N/A</lei>
        <title>VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE</title>
        <cusip>924157AA8</cusip>
        <identifiers>
          <isin value="US924157AA83"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143258.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Indiana Housing &amp; Community Development Authority</name>
        <lei>549300QRKDYVNHT1OE86</lei>
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        <cusip>45505TG39</cusip>
        <identifiers>
          <isin value="US45505TG390"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1987260.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Jacksonville FL</name>
        <lei>549300XQE0JVN9WV0J40</lei>
        <title>JACKSONVILLE FL EDUCTNL FACS REVENUE</title>
        <cusip>46936RAD4</cusip>
        <identifiers>
          <isin value="US46936RAD44"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886960.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp</name>
        <lei>N/A</lei>
        <title>HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE</title>
        <cusip>414009HH6</cusip>
        <identifiers>
          <isin value="US414009HH65"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30019.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204FUE3</cusip>
        <identifiers>
          <isin value="US45204FUE32"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>753105.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE</title>
        <cusip>74442PZU2</cusip>
        <identifiers>
          <isin value="US74442PZU29"/>
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        <balance>620000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608914.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REVENUE</title>
        <cusip>65000XAV2</cusip>
        <identifiers>
          <isin value="US65000XAV29"/>
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        <balance>3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3726375.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>CHICAGO IL</title>
        <cusip>167486VV8</cusip>
        <identifiers>
          <isin value="US167486VV81"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1876455.00000000</valUSD>
        <pctVal>0.656492490283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
        <lei>5493006JSGNPGVJS7691</lei>
        <title>TEXAS ST TRANSPRTN COMMISSION ST HIGHWAY 249 SYS TOLL REV</title>
        <cusip>88283NAH5</cusip>
        <identifiers>
          <isin value="US88283NAH52"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>423487.00000000</valUSD>
        <pctVal>0.148160246439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE</title>
        <cusip>14054CDF3</cusip>
        <identifiers>
          <isin value="US14054CDF32"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>315389.75000000</valUSD>
        <pctVal>0.110341576210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH NY BRIDGE &amp; TUNNEL AUTH PAYROLL MOBILITY TAX</title>
        <cusip>89602HEN3</cusip>
        <identifiers>
          <isin value="US89602HEN35"/>
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        <balance>2125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2377428.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>BUCKEYE OH TOBACCO SETTLEMENT FING AUTH</title>
        <cusip>118217CZ9</cusip>
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          <isin value="US118217CZ97"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3006129.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tolomato Community Development District</name>
        <lei>N/A</lei>
        <title>TOLOMATO FL CDD</title>
        <cusip>889560EM6</cusip>
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          <isin value="US889560EM65"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>938532.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York Liberty Development Corp</name>
        <lei>N/A</lei>
        <title>LIBERTY DEV CORP NY REVENUE</title>
        <cusip>531127AC2</cusip>
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          <isin value="US531127AC24"/>
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        <balance>2560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2925465.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH REVENUE</title>
        <cusip>63607YAB6</cusip>
        <identifiers>
          <isin value="US63607YAB65"/>
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        <balance>1415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1221711.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp</name>
        <lei>N/A</lei>
        <title>NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE</title>
        <cusip>64542UDT8</cusip>
        <identifiers>
          <isin value="US64542UDT88"/>
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        <balance>1295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1254090.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH REVENUE</title>
        <cusip>63607YAF7</cusip>
        <identifiers>
          <isin value="US63607YAF79"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326646.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE</title>
        <cusip>167593LS9</cusip>
        <identifiers>
          <isin value="US167593LS96"/>
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        <balance>710000.00000000</balance>
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      <invstOrSec>
        <name>Tolomato Community Development District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>MONTEFIORE OBLIGATED GRP</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.28700000</annualizedRt>
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      <invstOrSec>
        <name>County of Miami-Dade FL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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        <cusip>74442EEH9</cusip>
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          <isin value="US74442EEH99"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>397638.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HAA59"/>
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        <valUSD>2383781.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York Transportation Development Corp</name>
        <lei>N/A</lei>
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        <cusip>650116DA1</cusip>
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          <isin value="US650116DA16"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1467525.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64577B7R9</cusip>
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          <isin value="US64577B7R92"/>
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        <balance>4260000.00000000</balance>
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        <valUSD>4483224.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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          <isin value="US74529JPX71"/>
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        <valUSD>3924100.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <cusip>603827H74</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74442PZV0</cusip>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Tolomato Community Development District</name>
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        <name>Camden County Improvement Authority/The</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Geisinger Authority</name>
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          <isin value="US368497HQ95"/>
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        <invCountry>US</invCountry>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US928097AC85"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Morongo Band of Mission Indians/The</name>
        <lei>N/A</lei>
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          <isin value="US617734AG30"/>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp</name>
        <lei>N/A</lei>
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        <cusip>650116CZ7</cusip>
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          <isin value="US650116CZ75"/>
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        <valUSD>4507812.70000000</valUSD>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252LX55"/>
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        <balance>5575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5769623.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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          <isin value="US896035BZ40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>American Samoa Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US02936TAJ07"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-09-01</maturityDt>
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          <annualizedRt>2.47000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74442PZY4</cusip>
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          <isin value="US74442PZY41"/>
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        <balance>5000.00000000</balance>
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        <valUSD>5504.85000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>City of Detroit MI</name>
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        <balance>435000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25483VSD72"/>
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        <balance>185000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>8.75000000</annualizedRt>
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        <name>Leander Independent School District</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>New York Transportation Development Corp</name>
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        <name>New York Transportation Development Corp</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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        <name>Township of Freehold NJ</name>
        <lei>N/A</lei>
        <title>FREEHOLD TWP NJ</title>
        <cusip>356502QG2</cusip>
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          <isin value="US356502QG29"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493148.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
        <title>MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE</title>
        <cusip>592647KN0</cusip>
        <identifiers>
          <isin value="US592647KN06"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2071564.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE</title>
        <cusip>64578CAH4</cusip>
        <identifiers>
          <isin value="US64578CAH43"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1905415.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>NEW YORK ST THRUWAY AUTH GEN REVENUE JUNIOR INDEBTEDNESS OBL</title>
        <cusip>650010CR0</cusip>
        <identifiers>
          <isin value="US650010CR07"/>
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        <balance>4895000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3864259.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp</name>
        <lei>N/A</lei>
        <title>TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE</title>
        <cusip>882667AN8</cusip>
        <identifiers>
          <isin value="US882667AN81"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3999960.00000000</valUSD>
        <pctVal>1.399417359560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GA</title>
        <cusip>62620HGR7</cusip>
        <identifiers>
          <isin value="US62620HGR75"/>
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        <balance>1875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1970400.00000000</valUSD>
        <pctVal>0.689359884918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Mexico Mortgage Finance Authority</name>
        <lei>N/A</lei>
        <title>NEW MEXICO ST MTGE FIN AUTH</title>
        <cusip>647201WD0</cusip>
        <identifiers>
          <isin value="US647201WD04"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>978690.00000000</valUSD>
        <pctVal>0.342402367930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE</title>
        <cusip>939783ZA7</cusip>
        <identifiers>
          <isin value="US939783ZA76"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226593.65000000</valUSD>
        <pctVal>0.079275564599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE</title>
        <cusip>650116FN1</cusip>
        <identifiers>
          <isin value="US650116FN19"/>
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        <balance>1950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2045940.00000000</valUSD>
        <pctVal>0.715788146036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>TRIBOROUGH NY BRIDGE &amp; TUNNEL AUTH REVENUES</title>
        <cusip>89602RGP4</cusip>
        <identifiers>
          <isin value="US89602RGP47"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5365150.00000000</valUSD>
        <pctVal>1.877039782059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yonkers Economic Development Corp</name>
        <lei>N/A</lei>
        <title>YONKERS NY ECON DEV CORP EDUCTNL REVENUE</title>
        <cusip>98608MAF8</cusip>
        <identifiers>
          <isin value="US98608MAF86"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62921.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE</title>
        <cusip>928104NY0</cusip>
        <identifiers>
          <isin value="US928104NY02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935870.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>MET TRANSPRTN AUTH NY REVENUE</title>
        <cusip>59261AG50</cusip>
        <identifiers>
          <isin value="US59261AG500"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1595711.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH REVENUE</title>
        <cusip>63607YAE0</cusip>
        <identifiers>
          <isin value="US63607YAE05"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240688.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Detroit MI</name>
        <lei>549300BQRJP7MKKHOY28</lei>
        <title>DETROIT MI</title>
        <cusip>2510934N7</cusip>
        <identifiers>
          <isin value="US2510934N73"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>702827.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE</title>
        <cusip>235036L65</cusip>
        <identifiers>
          <isin value="US235036L658"/>
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        <balance>1735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1744264.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Niagara Area Development Corp</name>
        <lei>N/A</lei>
        <title>NIAGARA NY AREA DEV CORP SOLID WASTE DISP FAC REVENUE</title>
        <cusip>653542AC4</cusip>
        <identifiers>
          <isin value="US653542AC49"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1755600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>PALM BEACH CNTY FL HLTH FACS AUTH REVENUE</title>
        <cusip>696507VK5</cusip>
        <identifiers>
          <isin value="US696507VK53"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>811495.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yonkers Economic Development Corp</name>
        <lei>N/A</lei>
        <title>YONKERS NY ECON DEV CORP EDUCTNL REVENUE</title>
        <cusip>98608MAG6</cusip>
        <identifiers>
          <isin value="US98608MAG69"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>97498.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp</name>
        <lei>N/A</lei>
        <title>TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE</title>
        <cusip>882667AU2</cusip>
        <identifiers>
          <isin value="US882667AU25"/>
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        <balance>180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>189007.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>CHICAGO IL BRD OF EDU</title>
        <cusip>167505PL4</cusip>
        <identifiers>
          <isin value="US167505PL47"/>
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        <balance>6410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6339041.30000000</valUSD>
        <pctVal>2.217763287180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Samoa Economic Development Authority</name>
        <lei>N/A</lei>
        <title>AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE</title>
        <cusip>02936TAK7</cusip>
        <identifiers>
          <isin value="US02936TAK79"/>
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        <balance>1115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000456.05000000</valUSD>
        <pctVal>0.350017391135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.72000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>CALIFORNIA STWD CMNTYS DEV AUTH REVENUE</title>
        <cusip>13080SEY6</cusip>
        <identifiers>
          <isin value="US13080SEY63"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3953760.00000000</valUSD>
        <pctVal>1.383253927423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Henderson KY</name>
        <lei>549300UJ32J1O26W1T80</lei>
        <title>HENDERSON KY EXEMPT FACS REVENUE</title>
        <cusip>425099AB4</cusip>
        <identifiers>
          <isin value="US425099AB40"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1912280.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Housing Development Corp</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE</title>
        <cusip>64972CG72</cusip>
        <identifiers>
          <isin value="US64972CG725"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>918170.00000000</valUSD>
        <pctVal>0.321228971546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV</title>
        <cusip>70868YAX7</cusip>
        <identifiers>
          <isin value="US70868YAX76"/>
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        <balance>3375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3459543.75000000</valUSD>
        <pctVal>1.210348498462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE</title>
        <cusip>59447PF48</cusip>
        <identifiers>
          <isin value="US59447PF489"/>
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        <balance>2070000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2096599.50000000</valUSD>
        <pctVal>0.733511769204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade FL</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>MIAMI-DADE CNTY FL PROFESSIONAL SPORTS FRANCHISE FACS TAX RE</title>
        <cusip>59333HCD6</cusip>
        <identifiers>
          <isin value="US59333HCD61"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4905080.00000000</valUSD>
        <pctVal>1.716080686315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE</title>
        <cusip>64578CAG6</cusip>
        <identifiers>
          <isin value="US64578CAG69"/>
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        <balance>170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>170088.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon State Facilities Authority</name>
        <lei>N/A</lei>
        <title>OREGON ST FACS AUTH REVENUE</title>
        <cusip>68608JYW5</cusip>
        <identifiers>
          <isin value="US68608JYW51"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1180815.00000000</valUSD>
        <pctVal>0.413117383531</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jackson County School District No 6 Central Point</name>
        <lei>N/A</lei>
        <title>JACKSON CNTY OR SCH DIST #6 CENTRL POINT</title>
        <cusip>467754HW0</cusip>
        <identifiers>
          <isin value="US467754HW04"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320934.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Southwestern Illinois Development Authority</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>S WSTRN IL DEV AUTH HLTH FAC REVENUE</title>
        <cusip>84553AAC6</cusip>
        <identifiers>
          <isin value="US84553AAC62"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>779001.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Austin TX Electric Utility Revenue</name>
        <lei>N/A</lei>
        <title>AUSTIN TX ELEC UTILITY SYS REVENUE</title>
        <cusip>052414VT3</cusip>
        <identifiers>
          <isin value="US052414VT37"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4431280.00000000</valUSD>
        <pctVal>1.550318042448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Muskingum OH</name>
        <lei>N/A</lei>
        <title>MUSKINGUM CNTY OH HOSP FACS</title>
        <cusip>628077CK3</cusip>
        <identifiers>
          <isin value="US628077CK34"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>925690.00000000</valUSD>
        <pctVal>0.323859902491</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE ST BUSINESS FINAUTH SOL WST DISP REVENUE</title>
        <cusip>64468VAK8</cusip>
        <identifiers>
          <isin value="US64468VAK89"/>
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        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504347.20000000</valUSD>
        <pctVal>0.176449821229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
        <lei>549300GAP0JIG7V33754</lei>
        <title>MULTNOMAH CNTY OR HOSP FACS AUTH REVENUE</title>
        <cusip>62551PDA2</cusip>
        <identifiers>
          <isin value="US62551PDA21"/>
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        <balance>1480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1003114.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE</title>
        <cusip>14054CBB4</cusip>
        <identifiers>
          <isin value="US14054CBB46"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>361349.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maryland Economic Development Corp</name>
        <lei>549300JJ16DDBSZWSN94</lei>
        <title>MARYLAND ST ECON DEV CORP ECON DEV REVENUE</title>
        <cusip>57420NDK4</cusip>
        <identifiers>
          <isin value="US57420NDK46"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1223445.00000000</valUSD>
        <pctVal>0.428031823185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uptown Development Authority</name>
        <lei>N/A</lei>
        <title>UPTOWN DEV AUTH TX INCR CONTRACT REVENUE</title>
        <cusip>916856HH3</cusip>
        <identifiers>
          <isin value="US916856HH30"/>
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        <balance>1160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>899614.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.46400000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE</title>
        <cusip>167593Y48</cusip>
        <identifiers>
          <isin value="US167593Y489"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1611420.00000000</valUSD>
        <pctVal>0.563767918064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>MET TRANSPRTN AUTH NY REVENUE</title>
        <cusip>59261AZY6</cusip>
        <identifiers>
          <isin value="US59261AZY62"/>
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        <balance>6225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6095893.50000000</valUSD>
        <pctVal>2.132696123444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE</title>
        <cusip>04110FAB1</cusip>
        <identifiers>
          <isin value="US04110FAB13"/>
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        <balance>2540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2579776.40000000</valUSD>
        <pctVal>0.902554995036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE</title>
        <cusip>235036L57</cusip>
        <identifiers>
          <isin value="US235036L575"/>
        </identifiers>
        <balance>1125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1131210.00000000</valUSD>
        <pctVal>0.395762685453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204EFG8</cusip>
        <identifiers>
          <isin value="US45204EFG89"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2518350.00000000</valUSD>
        <pctVal>0.881064487507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maryland Economic Development Corp</name>
        <lei>549300JJ16DDBSZWSN94</lei>
        <title>MARYLAND ST ECON DEV CORP SPL OBLIG</title>
        <cusip>57422FAF3</cusip>
        <identifiers>
          <isin value="US57422FAF36"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>119501.20000000</valUSD>
        <pctVal>0.041808431526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Onondaga Civic Development Corp</name>
        <lei>N/A</lei>
        <title>ONONDAGA NY CIVIC DEV CORP</title>
        <cusip>682832GW4</cusip>
        <identifiers>
          <isin value="US682832GW47"/>
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        <balance>1610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1184396.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.15800000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH EDU REVENUE</title>
        <cusip>04052BHZ0</cusip>
        <identifiers>
          <isin value="US04052BHZ04"/>
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        <balance>560000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>519545.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE</title>
        <cusip>74442PZR9</cusip>
        <identifiers>
          <isin value="US74442PZR99"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11348.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT</title>
        <cusip>65000BNZ7</cusip>
        <identifiers>
          <isin value="US65000BNZ75"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5410050.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>CHICAGO IL</title>
        <cusip>167486E39</cusip>
        <identifiers>
          <isin value="US167486E397"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5275550.00000000</valUSD>
        <pctVal>1.845692519732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE</title>
        <cusip>650116AM8</cusip>
        <identifiers>
          <isin value="US650116AM80"/>
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        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>460000.00000000</valUSD>
        <pctVal>0.160934605695</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>PALM BEACH CNTY FL HLTH FACS AUTH REVENUE</title>
        <cusip>696507VM1</cusip>
        <identifiers>
          <isin value="US696507VM10"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725992.50000000</valUSD>
        <pctVal>0.253994166794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>11.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DIST OF COLUMBIA REVENUE</title>
        <cusip>25483VVP6</cusip>
        <identifiers>
          <isin value="US25483VVP65"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183229.55000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Urban Development Corp</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>NEW YORK ST URBAN DEV CORP REVENUE</title>
        <cusip>650036CF1</cusip>
        <identifiers>
          <isin value="US650036CF19"/>
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        <balance>6900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7485741.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Hawaii Department of Budget &amp; Finance</name>
        <lei>N/A</lei>
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        <cusip>419800LY1</cusip>
        <identifiers>
          <isin value="US419800LY19"/>
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        <balance>2520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2127182.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY REVENUE</title>
        <cusip>57584YMG1</cusip>
        <identifiers>
          <isin value="US57584YMG16"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>487319.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>NORTH CAROLINA ST TURNPIKE AUTH</title>
        <cusip>65830RAS8</cusip>
        <identifiers>
          <isin value="US65830RAS85"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7798960.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA SMALL BUSINESS FING AUTH PRIV ACTIVITY REVENUE SR</title>
        <cusip>928097AB0</cusip>
        <identifiers>
          <isin value="US928097AB03"/>
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        <balance>4365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4408868.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT</title>
        <cusip>65000BNH7</cusip>
        <identifiers>
          <isin value="US65000BNH77"/>
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        <balance>1770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1860553.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
        <title>CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE</title>
        <cusip>126292BB6</cusip>
        <identifiers>
          <isin value="US126292BB63"/>
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        <balance>4255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2829532.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clackamas County Hospital Facility Authority</name>
        <lei>N/A</lei>
        <title>CLACKAMAS CNTY OR HOSP FAC AUTH REVENUE</title>
        <cusip>179027YM3</cusip>
        <identifiers>
          <isin value="US179027YM31"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115616.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capital Trust Agency Inc</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE</title>
        <cusip>14054CBA6</cusip>
        <identifiers>
          <isin value="US14054CBA62"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>202981.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH REV</title>
        <cusip>64577XEE2</cusip>
        <identifiers>
          <isin value="US64577XEE22"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2102360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tempe Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>TEMPE AZ INDL DEV AUTH REVENUE</title>
        <cusip>87972MAW2</cusip>
        <identifiers>
          <isin value="US87972MAW29"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>640215.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Boyle KY</name>
        <lei>N/A</lei>
        <title>BOYLE CNTY KY EDUCTNL FACS REVENUE</title>
        <cusip>10346PAW6</cusip>
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          <isin value="US10346PAW68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>982210.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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        <cusip>88285ABH0</cusip>
        <identifiers>
          <isin value="US88285ABH05"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5529400.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH REV</title>
        <cusip>64577XEG7</cusip>
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          <isin value="US64577XEG79"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306581.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Finance Authority of Maine</name>
        <lei>N/A</lei>
        <title>MAINE ST FIN AUTH SOL WST DISP REVENUE</title>
        <cusip>56042CAT2</cusip>
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          <isin value="US56042CAT27"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>731554.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlantic Beach FL</name>
        <lei>N/A</lei>
        <title>ATLANTIC BEACH FL HLTH CARE FACS REVENUE</title>
        <cusip>048251AY8</cusip>
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          <isin value="US048251AY88"/>
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        <balance>3405000.00000000</balance>
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        <valUSD>3201789.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST HOSP FIN AUTH</title>
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          <isin value="US956622W345"/>
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        <balance>2025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1957689.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452152YJ42"/>
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        <curCd>USD</curCd>
        <valUSD>3524325.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>TARRANT CNTY TX CULTURAL EDU FACS FIN CORP RETMNT FAC REVENU</title>
        <cusip>87638RKF3</cusip>
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          <isin value="US87638RKF37"/>
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        <curCd>USD</curCd>
        <valUSD>1256021.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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      <invstOrSec>
        <name>GRAND CANYON UNIVERSITY</name>
        <lei>N/A</lei>
        <title>Grand Canyon University</title>
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          <isin value="US38528UAC09"/>
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        <valUSD>1894400.00000000</valUSD>
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          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FTJ39"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>812631.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Freehold NJ</name>
        <lei>N/A</lei>
        <title>FREEHOLD TWP NJ</title>
        <cusip>356502QH0</cusip>
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          <isin value="US356502QH02"/>
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        <balance>1035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>864049.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
        <lei>549300GAP0JIG7V33754</lei>
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        <cusip>62551PCE5</cusip>
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          <isin value="US62551PCE51"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>364392.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <title>SAN FRANCISCO CALIF CITY &amp;CNTY ARPTS COMMN INTL ARPT REV</title>
        <cusip>79766DMB2</cusip>
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          <isin value="US79766DMB28"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6190020.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI SENIOR LIVING REVENUE</title>
        <cusip>74443UAZ6</cusip>
        <identifiers>
          <isin value="US74443UAZ66"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>600138.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA HGR EDU &amp; HLTH AUTH</title>
        <cusip>613603G94</cusip>
        <identifiers>
          <isin value="US613603G947"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3086010.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>74529JQH1</cusip>
        <identifiers>
          <isin value="US74529JQH13"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE</title>
        <cusip>928104NW4</cusip>
        <identifiers>
          <isin value="US928104NW46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>953730.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>NATIONAL FIN AUTH NH REVENUE</title>
        <cusip>63607YAC4</cusip>
        <identifiers>
          <isin value="US63607YAC49"/>
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        <balance>1555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1387371.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE</title>
        <cusip>87638QJC4</cusip>
        <identifiers>
          <isin value="US87638QJC42"/>
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        <valUSD>3513265.00000000</valUSD>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp</name>
        <lei>N/A</lei>
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          <isin value="US38611TAA51"/>
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        <balance>875000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp</name>
        <lei>N/A</lei>
        <title>HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE</title>
        <cusip>414009HG8</cusip>
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          <isin value="US414009HG82"/>
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          <maturityDt>2028-01-01</maturityDt>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST</title>
        <cusip>452152T84</cusip>
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          <isin value="US452152T843"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6024240.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>OMAHA NE PUBLIC PWR DIST ELEC REVENUE</title>
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          <isin value="US682001HP08"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>4402320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>CYPRESS-FAIRBANKS TX INDEP SCH DIST</title>
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          <isin value="US232769MN66"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1571600.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH REVENUE</title>
        <cusip>6459182A0</cusip>
        <identifiers>
          <isin value="US6459182A08"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1257275.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kalispel Tribe of Indians</name>
        <lei>N/A</lei>
        <title>KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE</title>
        <cusip>48340PAS1</cusip>
        <identifiers>
          <isin value="US48340PAS11"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400927.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tulsa County Industrial Authority</name>
        <lei>549300WEYXBXLGN1E271</lei>
        <title>TULSA CNTY OK INDL AUTH SENIOR LIVING CMNTY REVENUE</title>
        <cusip>899530AY5</cusip>
        <identifiers>
          <isin value="US899530AY53"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1018240.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Development Authority of Burke County/The</name>
        <lei>N/A</lei>
        <title>BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE</title>
        <cusip>121342PL7</cusip>
        <identifiers>
          <isin value="US121342PL74"/>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5191042.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY REVENUE</title>
        <cusip>57584X4P3</cusip>
        <identifiers>
          <isin value="US57584X4P39"/>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1454392.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bexar County Health Facilities Development Corp</name>
        <lei>N/A</lei>
        <title>BEXAR CNTY TX HLTH FACS DEV CORP</title>
        <cusip>088354GK5</cusip>
        <identifiers>
          <isin value="US088354GK56"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>783776.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE</title>
        <cusip>442349GA8</cusip>
        <identifiers>
          <isin value="US442349GA89"/>
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        <balance>2980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2711233.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE</title>
        <cusip>54811BH53</cusip>
        <identifiers>
          <isin value="US54811BH537"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3295260.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE</title>
        <cusip>928104PQ5</cusip>
        <identifiers>
          <isin value="US928104PQ59"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>900488.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Military Installation Development Authority</name>
        <lei>N/A</lei>
        <title>MILITARY INSTALLATION DEV AUTH UT TAX ALLOCATION REVENUE</title>
        <cusip>599772AB6</cusip>
        <identifiers>
          <isin value="US599772AB61"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406920.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE</title>
        <cusip>54811BZS3</cusip>
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          <isin value="US54811BZS32"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2218080.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE</title>
        <cusip>74442PZQ1</cusip>
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          <isin value="US74442PZQ17"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39719.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bexar County Health Facilities Development Corp</name>
        <lei>N/A</lei>
        <title>BEXAR CNTY TX HLTH FACS DEV CORP</title>
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          <isin value="US088354GL30"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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        <cusip>88285ABJ6</cusip>
        <identifiers>
          <isin value="US88285ABJ60"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1598100.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1059160.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1225620.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Joaquin Hills Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV</title>
        <cusip>798111GK0</cusip>
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          <isin value="US798111GK05"/>
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        <balance>6400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6606848.00000000</valUSD>
        <pctVal>2.311457560370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>NEW YORK ST PWR AUTH REVENUE</title>
        <cusip>64989KLF1</cusip>
        <identifiers>
          <isin value="US64989KLF11"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1939840.00000000</valUSD>
        <pctVal>0.678668229374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
        <title>BALTIMORE MD SPL OBLIG</title>
        <cusip>05923TDA4</cusip>
        <identifiers>
          <isin value="US05923TDA43"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>307932.80000000</valUSD>
        <pctVal>0.107732703801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE</title>
        <cusip>939783TD8</cusip>
        <identifiers>
          <isin value="US939783TD89"/>
        </identifiers>
        <balance>1335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1035973.35000000</valUSD>
        <pctVal>0.362443396942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204EFF0</cusip>
        <identifiers>
          <isin value="US45204EFF07"/>
        </identifiers>
        <balance>1190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1200555.30000000</valUSD>
        <pctVal>0.420023682219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Salt Verde Financial Corp</name>
        <lei>549300VEWOZY6TQOIF03</lei>
        <title>SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE</title>
        <cusip>79575EAS7</cusip>
        <identifiers>
          <isin value="US79575EAS72"/>
        </identifiers>
        <balance>1605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1679889.30000000</valUSD>
        <pctVal>0.587722439364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH</title>
        <cusip>74514L3L9</cusip>
        <identifiers>
          <isin value="US74514L3L92"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1864060.00000000</valUSD>
        <pctVal>0.652156002375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>CHICAGO IL</title>
        <cusip>167486MM8</cusip>
        <identifiers>
          <isin value="US167486MM83"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1551914.00000000</valUSD>
        <pctVal>0.542949277529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.78100000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH EDU REVENUE</title>
        <cusip>04052BLS1</cusip>
        <identifiers>
          <isin value="US04052BLS15"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>139416.00000000</valUSD>
        <pctVal>0.048775780407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Township of Freehold NJ</name>
        <lei>N/A</lei>
        <title>FREEHOLD TWP NJ</title>
        <cusip>356502QJ6</cusip>
        <identifiers>
          <isin value="US356502QJ67"/>
        </identifiers>
        <balance>975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>790578.75000000</valUSD>
        <pctVal>0.276590172614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>CHATTANOOGA TN HLTH EDUCTNL &amp;HSG FAC BRD REVENUE</title>
        <cusip>162410EM2</cusip>
        <identifiers>
          <isin value="US162410EM28"/>
        </identifiers>
        <balance>670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>626684.50000000</valUSD>
        <pctVal>0.219250484571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Mexico Hospital Equipment Loan Council</name>
        <lei>N/A</lei>
        <title>NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL 1ST MTGE REVENUE</title>
        <cusip>647377AK6</cusip>
        <identifiers>
          <isin value="US647377AK66"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>47949.50000000</valUSD>
        <pctVal>0.016775508425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE</title>
        <cusip>650028XE8</cusip>
        <identifiers>
          <isin value="US650028XE80"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>986510.00000000</valUSD>
        <pctVal>0.345138256227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp</name>
        <lei>N/A</lei>
        <title>GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT</title>
        <cusip>38122ND90</cusip>
        <identifiers>
          <isin value="US38122ND906"/>
        </identifiers>
        <balance>780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>813095.40000000</valUSD>
        <pctVal>0.284467799112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Eaton Vance National Municipal Opportunities Trust</ncom:nameOfApplicant>
      <ncom:signature>James Kirchner</ncom:signature>
      <ncom:signerName>James Kirchner</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>NPORT_FH2F_85866183_0623.htm
<TEXT>
<HTML>
<HEAD>
<!--Document created using ArcReporting-->
<!--Copyright 2023 DFIN-->
<TITLE>
</TITLE>
</HEAD>
<BODY bgcolor="white">
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of Investments&#160;(Unaudited)</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:20pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:200%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:11pt;padding-left:0pt;padding-top:3pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Corporate Bonds &#8212; 2.3%
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Education &#8212; 0.7%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Grand Canyon University, 4.125%, 10/1/24
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,894,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;1,894,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Hospital &#8212; 0.7%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Montefiore Obligated Group, 4.287%, 9/1/50
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,240
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,026,768
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;2,026,768
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Other &#8212; 0.9%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Morongo Band of Mission Indians, 7.00%, 10/1/39<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,430
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,593,247
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;2,593,247
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Total Corporate Bonds<BR>
(identified cost $8,133,054)
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;6,514,415
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;&nbsp;&nbsp;</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:200%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:11pt;padding-left:0pt;padding-top:3pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Tax-Exempt Municipal Obligations &#8212; 107.3%
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Education &#8212; 2.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Arizona Industrial Development Authority, (Doral Academy of Nevada), 5.00%, 7/15/49<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;560
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$&#8201;&#8199;&#8199;&#8199;519,546
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Arizona Industrial Development Authority, (Pinecrest Academy of Nevada), 4.00%, 7/15/50<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;185
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;139,416
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Boyle County, KY, (Centre College), 4.50%, 6/1/53
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;982,210
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Capital Trust Agency, FL, (Florida Charter Educational Foundation, Inc.):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.375%, 6/15/38<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;210
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;202,982
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.375%, 6/15/48<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;395
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;361,350
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Capital Trust Agency, FL, (Liza Jackson Preparatory School, Inc.), 5.00%, 8/1/55
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;325
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;315,390
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">District of Columbia, (District of Columbia International School), 5.00%, 7/1/49
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;185
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;183,229
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">District of Columbia, (KIPP DC), 4.00%, 7/1/44
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;410
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;357,713
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Illinois Finance Authority, (DePaul College Prep Foundation), 5.625%, 8/1/53<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;750
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;753,105
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Jacksonville, FL, (Jacksonville University), 5.00%, 6/1/53<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;886,960
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Public Finance Authority, WI, (North Carolina Leadership Academy), 5.00%, 6/15/54<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;455
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;397,638
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Public Finance Authority, WI, (Roseman University of Health Sciences):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.00%, 4/1/52<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;245
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;189,586
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 4/1/40<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;620
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.40pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8201;
&#8199;&#8199;&#8199;608,914
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Education (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Public Finance Authority, WI, (Roseman University of Health Sciences):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>(continued)
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 4/1/50<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;165
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;154,377
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Yonkers Economic Development Corp., NY, (Lamartine/Warburton, LLC - Charter School of Educational Excellence):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 10/15/49
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;70
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;62,922
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 10/15/54
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;110
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;&#8199;97,498
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;6,212,836
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Electric Utilities &#8212; 7.1%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Austin, TX, Electric Utility Revenue, 5.25%, 11/15/53<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;4,431,280
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Burke County Development Authority, GA, (Oglethorpe Power Corp.), 4.125%, 11/1/45
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;5,750
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;5,191,043
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Hawaii Department of Budget and Finance, (Hawaiian Electric Co., Inc.), 3.20%, 7/1/39
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,520
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,127,182
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Lower Colorado River Authority, TX, (LCRA Transmission Services Corp.), 5.50%, 5/15/47
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,218,080
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">New York Power Authority, Green Bonds, 4.00%, 11/15/55
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,939,840
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Omaha Public Power District, NE, 5.00%, 2/1/47<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;4,402,320
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;20,309,745
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Escrowed/Prerefunded &#8212; 2.7%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Economic Development Authority, (School Facilities Construction), Prerefunded to 12/15/28, 5.00%, 6/15/43
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;275
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;306,581
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Public Finance Authority, WI, (Roseman University of Health Sciences):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Prerefunded to 4/1/30, 5.00%, 4/1/40<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;35
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;39,720
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Prerefunded to 4/1/30, 5.00%, 4/1/50<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;10
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;11,348
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Prerefunded to 4/1/32, 4.00%, 4/1/52<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;&#8199;5
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;&#8199;5,505
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">San Joaquin Hills Transportation Corridor Agency, CA, Prerefunded to 1/15/25, 5.00%, 1/15/50
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,400
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;6,606,848
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Southwestern Illinois Development Authority, (Memorial Group, Inc.), Prerefunded to
11/1/23, 7.25%, 11/1/33
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;770
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;779,001
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;7,749,003
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">General Obligations &#8212; 11.8%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Chicago Board of Education, IL, 5.00%, 12/1/42
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,410
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;6,339,041
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Chicago, IL, 5.50%, 1/1/49
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;5,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;5,275,550
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Cypress-Fairbanks Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/48
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,600
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,571,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Detroit, MI:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.50%, 4/1/36
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;435
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;458,581
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.50%, 4/1/40
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;680
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;702,828
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Illinois:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.25%, 12/1/37
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8199;
&#8199;6,024,240
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:7.5pt;font-style:Normal;font-weight:Normal;line-height:10.5pt;margin-top:21pt;text-align:center;text-decoration:none;text-transform:none;">1</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of
Investments&#160;(Unaudited)&nbsp;&#8212;&nbsp;continued</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:46pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">General Obligations (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Illinois:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>(continued)
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 5/1/36
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,500
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;3,524,325
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Jackson County School District No. 6, OR, 0.00%, 6/15/41
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;710
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;320,934
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Leander Independent School District, TX, (PSF Guaranteed), 5.00%, 8/15/47<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;4,342,640
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Puerto Rico:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">0.00%, 7/1/33
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,225,620
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.00%, 7/1/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,864,060
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Township of Freehold, NJ:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">1.00%, 10/15/29
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;575
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;493,149
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">1.00%, 10/15/30
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,035
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;864,049
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">1.00%, 10/15/31
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;975
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;790,579
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;33,797,196
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Hospital &#8212; 6.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Camden County Improvement Authority, NJ, (Cooper Health System), 5.75%, 2/15/42
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;665
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;665,831
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Chattanooga Health, Educational and Housing Facility Board, TN, (CommonSpirit Health), 4.00%, 8/1/44
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;670
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;626,685
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Geisinger Authority, PA, (Geisinger Health System), 4.00%, 2/15/47
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,105
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,027,540
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Illinois Finance Authority, (Presence Health Network):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">3.75%, 2/15/34
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,190
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,200,555
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.00%, 2/15/36
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,518,350
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Montgomery County Higher Education and Health Authority, PA, (Thomas Jefferson University Obligated Group), 5.00%, 5/1/57
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,086,010
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Muskingum County, OH, (Genesis HealthCare System Obligated Group), 5.00%, 2/15/48
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;925,690
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Dormitory Authority, (Northwell Health Obligated Group), 5.00%, 5/1/52
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,770
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,860,553
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Pennsylvania Economic Development Financing Authority, (UPMC), 4.00%, 5/15/48
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;468,690
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Tarrant County Cultural Education Facilities Finance Corp., TX, (Cook Children's Medical Center), 5.25%, 12/1/39<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,513,265
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">West Virginia Hospital Finance Authority, (West Virginia Health System Obligated
Group), 4.375%, 6/1/53
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,025
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;1,957,689
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;17,850,858
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Housing &#8212; 2.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">CSCDA Community Improvement Authority, CA, (City of Orange Portfolio), Essential Housing Revenue, Social Bonds, 3.00%,
3/1/57<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,255
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,829,532
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Indiana Housing and Community Development Authority, SFMR, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.70%, 7/1/53
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8199;
&#8199;1,987,260
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Housing (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Mexico Mortgage Finance Authority, (FHLMC), (FNMA), (GNMA), 4.25%, 9/1/43
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;978,690
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York City Housing Development Corp., NY, 3.85%, 11/1/42
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;918,170
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;6,713,652
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Industrial Development Revenue &#8212; 10.3%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Arkansas Development Finance Authority, (United States Steel Corp.), Green Bonds, (AMT), 5.70%, 5/1/53
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,540
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,579,776
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Henderson, KY, (Pratt Paper, LLC), (AMT), 4.70%, 1/1/52<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,912,280
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Houston, TX, (United Airlines, Inc.), (AMT), 4.00%, 7/15/41
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,980
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,711,234
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Iowa Finance Authority, (Iowa Fertilizer Co.), 5.00%, 12/1/50
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,523,535
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Maine Finance Authority, (Casella Waste Systems, Inc.), (AMT), 5.125% to 8/1/25 (Put Date), 8/1/35<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;725
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;731,554
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">National Finance Authority, NH, (Covanta):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.625%, 11/1/42<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,415
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,221,711
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 4.875%, 11/1/42<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,555
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,387,371
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Hampshire Business Finance Authority, (Casella Waste Systems, Inc.), 2.95%, 4/1/29<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;560
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;504,347
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Economic Development Authority, (Continental Airlines):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.125%, 9/15/23
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;170
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;170,088
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.25%, 9/15/29
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,900
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,905,415
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Liberty Development Corp., (Goldman Sachs Group, Inc.), 5.25%, 10/1/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,560
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,925,466
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Transportation Development Corp., (Delta Air Lines, Inc. - LaGuardia Airport Terminals C&amp;D
Redevelopment):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 4.375%, 10/1/45
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,467,525
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.00%, 10/1/40
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,405
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;4,507,813
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Niagara Area Development Corp., NY, (Covanta), (AMT), 4.75%, 11/1/42<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,755,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Phenix City Industrial Development Board, AL, (MeadWestvaco Coated Board), (AMT), 4.125%, 5/15/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,935
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,882,153
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Vermont Economic Development Authority, (Casella Waste Systems, Inc.), (AMT), 4.625% to
4/3/28 (Put Date), 4/1/36<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;145
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;143,259
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;29,329,127
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Education &#8212; 1.9%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Dormitory Authority, (School Districts Financing Program), (BAM), 5.00%,
10/1/42<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;5,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;5,410,050
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;5,410,050
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:7.5pt;font-style:italic;font-weight:Normal;line-height:10.5pt;margin-top:30pt;text-align:center;text-decoration:none;text-transform:none;">2</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of
Investments&#160;(Unaudited)&nbsp;&#8212;&nbsp;continued</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:46pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Electric Utilities &#8212; 3.1%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Georgia Municipal Electric Authority, (Plant Vogtle Units 3 &amp; 4 Project J), (AGM), 5.00%, 7/1/64
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,875
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,970,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Lower Colorado River Authority, TX, (LCRA Transmission Services Corp.), (AGM), 5.25%, 5/15/53<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,295,260
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Power Authority, Green Transmission Revenue, (AGM), 4.00%, 11/15/47<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,750
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;3,726,375
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;8,992,035
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Other Revenue &#8212; 0.1%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York City Industrial Development Agency, NY, (Queens Baseball Stadium), (AGM),
3.00%, 1/1/46
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;280
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;215,390
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8201;&#8199;&#8199;&#8199;215,390
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Special Tax Revenue &#8212; 5.5%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Metropolitan Pier and Exposition Authority, IL, (McCormick Place), (BAM), 4.00%, 12/15/42
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,944,560
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Miami-Dade County, FL, Professional Sports Franchise Facilities:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGC), 6.875%, 10/1/34
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;4,905,080
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGC), 7.00%, 10/1/39
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;7,292,580
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Tolomato Community Development District, FL:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGM), 3.75%, 5/1/39
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;720
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;700,005
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGM), 3.75%, 5/1/40
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;855
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;822,211
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;15,664,436
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Transportation &#8212; 9.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Chicago, IL, (O'Hare International Airport), (AGM), 5.50%, 1/1/43
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;710
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;710,731
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Metropolitan Transportation Authority, NY, Green Bonds, (AGM), 4.00%, 11/15/48
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,225
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;6,095,894
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">New York Thruway Authority, (AGM), 3.00%, 1/1/46
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,895
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,864,260
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGM), (AMT), 4.00%, 7/1/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;460
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;460,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGM), (AMT), 4.00%, 7/1/37
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,295
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,265,888
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">North Carolina Turnpike Authority, (Triangle Expressway System):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGC), 0.00%, 1/1/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,541,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AGC), 0.00%, 1/1/36
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.22%;">13,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;7,798,960
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Pennsylvania Economic Development Financing Authority, (PennDOT Major Bridges Package
One), (AGM), (AMT), 5.00%, 12/31/57
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,375
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;3,459,544
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;26,196,877
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Lease Revenue/Certificates of Participation &#8212; 6.5%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Baltimore, MD, (Harbor Point), 4.875%, 6/1/42
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;320
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;307,933
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Lease Revenue/Certificates of Participation (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Economic Development Authority, (Portal North Bridge), 5.00%, 11/1/52
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,000
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,102,360
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Economic Development Authority, (School Facilities Construction):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 6/15/43
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;465
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;484,065
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 6/15/44
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,260
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;4,483,224
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Transportation Trust Fund Authority, (Transportation Program), 4.25%, 6/15/44
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;800
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;792,648
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Transportation Trust Fund Authority, (Transportation System), 0.00%,
12/15/38
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:14.22%;">20,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;10,295,000
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;18,465,230
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Other Revenue &#8212; 2.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Buckeye Tobacco Settlement Financing Authority, OH, 5.00%, 6/1/55
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,205
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;3,006,130
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Golden State Tobacco Securitization Corp., CA, 5.00%, 6/1/51
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;780
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;813,096
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Kalispel Tribe of Indians, WA, Series A, 5.25%, 1/1/38<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;390
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;400,928
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Military Installation Development Authority, UT, 4.00%, 6/1/41
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;406,920
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Morongo Band of Mission Indians, CA, 5.00%, 10/1/42<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;605
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;596,203
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Salt Verde Financial Corp., AZ, Senior Gas Revenue, 5.00%, 12/1/37
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,605
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;1,679,889
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;6,903,166
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Senior Living/Life Care &#8212; 7.3%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Atlantic Beach, FL, (Fleet Landing), 5.00%, 11/15/37
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;3,405
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;3,201,790
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Bexar County Health Facilities Development Corp., TX, (Army Retirement Residence Foundation):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/15/37
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;850
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;783,776
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/15/42
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;700
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;615,419
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Clackamas County Hospital Facility Authority, OR, (Rose Villa), 5.25%, 11/15/50
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;125
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;115,616
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Colorado Health Facilities Authority, (Aberdeen Ridge), 5.00%, 5/15/58
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,110
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;812,631
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">District of Columbia, (Ingleside at Rock Creek), 5.00%, 7/1/32
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;185
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;180,425
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Harris County Cultural Education Facilities Finance Corp., TX, (Brazos Presbyterian Homes, Inc.):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.75%, 1/1/28
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;165
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;165,053
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">6.375%, 1/1/33
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;30
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;30,020
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Iowa Finance Authority, (Lifespace Communities, Inc.), 4.125%, 5/15/38
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,105,410
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Massachusetts Development Finance Agency, (Linden Ponds, Inc.):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 11/15/33<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;470
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;487,319
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 11/15/38<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;310
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8201;
&#8199;&#8199;&#8199;315,134
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:7.5pt;font-style:italic;font-weight:Normal;line-height:10.5pt;margin-top:29pt;text-align:center;text-decoration:none;text-transform:none;">3</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of
Investments&#160;(Unaudited)&nbsp;&#8212;&nbsp;continued</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:46pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Senior Living/Life Care (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Massachusetts Development Finance Agency, (NewBridge on the Charles, Inc.), 5.00%, 10/1/57<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,650
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,454,392
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Multnomah County Hospital Facilities Authority, OR, (Mirabella at South Waterfront), Escrowed to Maturity, 5.00%, 10/1/24
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;360
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;364,392
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Multnomah County Hospital Facilities Authority, OR, (Terwilliger Plaza), 4.00%, 12/1/51
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,480
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,003,114
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">National Finance Authority, NH, (The Vista):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.25%, 7/1/39<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;265
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;240,689
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.625%, 7/1/46<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;360
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;326,646
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.75%, 7/1/54<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;780
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;703,342
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Hope Cultural Education Facilities Finance Corp., TX, (Longhorn Village):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 1/1/31
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,235
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,204,878
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 1/1/32
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,295
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,254,091
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Mexico Hospital Equipment Loan Council, (Haverland Carter Lifestyle Group):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/1/32
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;80
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;77,247
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/1/33
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;50
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;47,950
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/1/34
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;&#8199;55
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;&#8199;52,362
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Palm Beach County Health Facilities Authority, FL, (Green Cay Life Plan Village), 11.50%, 7/1/27<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;750
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;725,992
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Palm Beach County Health Facilities Authority, FL, (Toby &amp; Leon Cooperman Sinai Residences of Boca Raton), 4.00%,
6/1/41
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,030
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;811,496
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Public Finance Authority, WI, (Mary's Woods at Marylhurst), 5.25%, 5/15/37<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;630
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;600,138
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">South Carolina Jobs-Economic Development Authority, (Kiawah Life Plan Village, Inc.), 8.75%, 7/1/25<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;100
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;110,088
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Tarrant County Cultural Education Facilities Finance Corp., TX, (MRC Stevenson Oaks), 6.625%, 11/15/41
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,335
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,256,021
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Tempe Industrial Development Authority, AZ, (Mirabella at ASU), 6.00%, 10/1/37<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;900
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;640,215
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Tulsa County Industrial Authority, OK, (Montereau, Inc.), 5.25%, 11/15/37
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,018,240
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Washington Housing Finance Commission, (Bayview Manor Homes), 5.00%, 7/1/51<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,335
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,035,973
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Washington Housing Finance Commission, (Transforming Age), 5.00%, 1/1/49<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;305
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;226,594
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;20,966,453
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Special Tax Revenue &#8212; 6.8%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Maryland Economic Development Corp., (Port Covington), 4.00%, 9/1/50
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;140
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;119,501
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York State Urban Development Corp., Personal Income Tax Revenue, 5.00%, 3/15/44<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,900
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;7,485,741
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Thruway Authority, Personal Income Tax Revenue, 4.00%, 3/15/44
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8201;
&#8199;&#8199;&#8199;986,510
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Special Tax Revenue (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Puerto Rico Sales Tax Financing Corp.:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">0.00%, 7/1/51
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,250
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;264,250
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 7/1/58
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,015
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;3,924,100
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Tolomato Community Development District, FL, 3.25%, 5/1/40
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,200
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;938,532
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Triborough Bridge and Tunnel Authority, NY:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.00%, 5/15/46
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,430
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,383,781
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Green Bonds, 5.25%, 5/15/47<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,125
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,377,429
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Triborough Bridge and Tunnel Authority, NY, Sales Tax Revenue, 4.00%, 5/15/48
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8201;&#8199;&#8199;&#8199;978,780
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;19,458,624
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Transportation &#8212; 18.6%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Chicago, IL, (O'Hare International Airport), (AMT), 5.50%, 1/1/55<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,611,420
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Dallas and Fort Worth, TX, (Dallas/Fort Worth International Airport):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.25%, 11/1/30
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,125
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,131,210
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.25%, 11/1/31
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,735
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,744,265
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Grand Parkway Transportation Corp., TX, 5.125%, 10/1/43
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;875
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;876,102
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Houston, TX, (United Airlines, Inc.), (AMT), 5.00%, 7/1/29
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,060
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,067,375
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Illinois Toll Highway Authority, 5.00%, 1/1/41<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;5,575
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;5,769,623
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Metropolitan Transportation Authority, NY, Green Bonds, 5.25%, 11/15/55
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,520
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,595,711
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Metropolitan Washington Airports Authority, D.C., (AMT), 4.00%, 10/1/51
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,200
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,071,564
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Minneapolis-St. Paul Metropolitan Airports Commission, MN, 4.25%, 1/1/52
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;982,750
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New Jersey Economic Development Authority, (The Goethals Bridge Replacement), (AMT), 5.125%, 1/1/34
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,250
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,257,275
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Transportation Development Corp., (LaGuardia Airport Terminal B Redevelopment):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.00%, 12/1/39
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;450
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;470,021
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.25%, 1/1/50
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,115
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,117,707
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">New York Transportation Development Corp., (Terminal 4 John F. Kennedy International Airport), (AMT), 5.00%, 12/1/38
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,950
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;2,045,940
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">San Francisco City and County Airport Commission, CA, (San Francisco International Airport), (AMT), 5.00%, 5/1/49
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;6,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;6,190,020
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">South Jersey Transportation Authority, NJ, 5.25%, 11/1/52
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,059,160
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Managed Lanes Project), 5.00%, 12/31/35
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;180
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;189,007
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Texas Private Activity Bond Surface Transportation Corp., (North Tarrant Express Segment 3C), (AMT), 5.00%, 6/30/58
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:3pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;">&#8199;
&#8199;3,999,960
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:7.5pt;font-style:italic;font-weight:Normal;line-height:10.5pt;margin-top:20pt;text-align:center;text-decoration:none;text-transform:none;">4</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of
Investments&#160;(Unaudited)&nbsp;&#8212;&nbsp;continued</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:46pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Transportation (continued)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Texas Transportation Commission, (Central Texas Turnpike System), 0.00%, 8/1/38
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;850
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;423,487
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Triborough Bridge and Tunnel Authority, NY, 5.00%, 11/15/51<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;8,800
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;9,442,664
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Virginia Small Business Financing Authority, (95 Express Lanes, LLC), (AMT), 4.00%, 1/1/39
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;955
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;900,489
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Virginia Small Business Financing Authority, (Elizabeth River Crossings Opco, LLC):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 4.00%, 1/1/38
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;953,730
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 4.00%, 1/1/40
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8201;&#8199;&#8199;&#8199;935,870
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Virginia Small Business Financing Authority, (Transform 66 P3):<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.00%, 12/31/49
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,365
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;4,408,868
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">(AMT), 5.00%, 12/31/52
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;1,008,970
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;53,253,188
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Water and Sewer &#8212; 3.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Michigan Finance Authority, (Detroit Water and Sewerage Department), 5.00%, 7/1/34
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:2.65pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;2,070
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:2.65pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;2,096,600
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Texas Water Development Board:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">4.80%, 10/15/52
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;
line-height:11pt;padding-bottom:1.75pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;width:20.04%;
">&#8199;&#8199;1,598,100
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">5.00%, 10/15/47<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;5,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;5,529,400
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;9,224,100
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Total Tax-Exempt Municipal Obligations<BR>
(identified cost $299,634,321)
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$306,711,966
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;&nbsp;&nbsp;</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:6pt;width:200%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;padding-bottom:11pt;padding-left:0pt;padding-top:3pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Taxable Municipal Obligations &#8212; 4.6%
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">General Obligations &#8212; 1.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Chicago, IL:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">7.375%, 1/1/33
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,750
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,876,455
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">7.781%, 1/1/35
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,400
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;1,551,914
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;3,428,369
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Hospital &#8212; 1.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">California Statewide Communities Development Authority, (Loma Linda University Medical
Center), 6.00%, 12/1/24
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;4,000
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;3,953,760
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;3,953,760
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:62.12%;">Security
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:3pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.24%;" colspan="2">Principal<BR>
Amount<BR>
(000's omitted)
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:3pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:20.04%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Education &#8212; 0.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Onondaga Civic Development Corp., NY, (Upstate Properties Development, Inc.), (BAM),
3.158%, 12/1/41
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,610
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,184,397
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;1,184,397
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Housing &#8212; 0.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Oregon Facilities Authority, (CHF-Ashland, LLC - Southern Oregon University), (AGM),
3.508%, 7/1/41
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,180,815
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;1,180,815
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Insured - Special Tax Revenue &#8212; 0.3%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Houston Uptown Development Authority, TX, Tax Increment Contract Revenue, (AGM),
3.464%, 9/1/40
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,160
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;899,615
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8201;&#8199;&#8199;&#8199;899,615
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Special Tax Revenue &#8212; 0.5%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:1.5pt;padding-top:2.65pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">American Samoa Economic Development Authority:<FONT
style="font-family:Arial;font-size:9pt;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:1.5pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:6pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.65pt;text-align:right;vertical-align:bottom;width:20.04%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:8pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">2.47%, 9/1/24<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:6pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8201;&#8199;&#8199;475
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8201;&#8199;&#8199;&#8199;458,047
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">3.72%, 9/1/27<SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:1.75pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,115
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:2.60pt;padding-left:9.91pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:20.04%;">&#8199;&#8199;1,000,456
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;1,458,503
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #00A5FA;color:#00A5FA;font-family:Arial Narrow;font-size:8.5pt;font-style:Normal;font-weight:Normal;line-height:11.5pt;padding-bottom:2.60pt;padding-left:0pt;padding-top:2.48pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:100%;" colspan="4">Transportation &#8212; 0.4%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Maryland Economic Development Corp., (Seagirt Marine Terminal), 4.75%, 6/1/42
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:1.5pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:6.02%;">$
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:1.5pt;padding-right:6pt;
padding-top:2.65pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:14.22%;">&#8199;1,500
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.65pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:0.52pt;"></FONT>&#8199;&#8199;1,223,445
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;line-height:9pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:left;vertical-align:bottom;width:62.12%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;&#8199;1,223,445
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Total Taxable Municipal Obligations<BR>
(identified cost $14,557,596)
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$&#8199;13,328,904
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:8pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-indent:-8pt;text-transform:none;vertical-align:bottom;width:62.12%;">Total Investments &#8212; 114.2%<BR>
(identified cost $322,324,971)
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$326,555,285
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Other Assets, Less Liabilities &#8212; (14.2)%
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$<FONT
style="padding-left:1.13pt;"></FONT>(40,724,902)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.60pt;padding-left:0pt;padding-right:1.5pt;
padding-top:2.48pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:62.12%;">Net Assets &#8212; 100.0%
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:8pt;padding-bottom:2.60pt;padding-right:1.5pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:6.02%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;line-height:0pt;padding-bottom:2.60pt;padding-right:6pt;padding-top:2.48pt;text-align:right;vertical-align:bottom;width:14.22%;">&#160;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#00A5FA;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:2.60pt;padding-left:6pt;padding-top:2.48pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:20.04%;">$285,830,383
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-top:6pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;" colspan="2">The percentage shown for each investment category in the Portfolio of Investments is based on net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:3.38%;"><SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(1)</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:97.22%;">Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from
registration (normally to qualified institutional buyers). At June 30, 2023, the aggregate value of these securities is $26,671,504 or 9.3% of the Trust's&#160;net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:6pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:3.38%;"><SUP
style="font-size:6pt;font-style:Normal;text-transform:none;">(2)</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:6pt;padding-left:1.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:97.22%;">Security represents the municipal bond held by a trust that issues residual interest bonds.
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:7.5pt;font-style:italic;font-weight:Normal;line-height:10.5pt;margin-top:47pt;text-align:center;text-decoration:none;text-transform:none;">5</DIV>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;text-align:left;text-decoration:none;text-transform:none;">Eaton Vance<BR>
</DIV>
<DIV
style="color:#00A5FA;font-family:Arial;font-size:14pt;font-style:Normal;font-weight:Normal;line-height:17pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">National Municipal Opportunities
Trust</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:2pt;text-align:left;text-decoration:none;text-transform:none;">June 30, 2023</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#00A5FA;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:Normal;line-height:13pt;text-align:left;text-decoration:none;text-transform:none;">Portfolio of
Investments&#160;(Unaudited)&nbsp;&#8212;&nbsp;continued</DIV>
<HR
noshade="noshade" style="background-color:#00A5FA;border-bottom:0pt;border-left:0pt;border-right:0pt;border-top:2pt solid #00A5FA;height:2pt;width:100%;" align="Left">
</DIV>
<DIV
style="margin-top:31pt;">
<DIV
style="float:left;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:6pt;padding-left:0pt;padding-top:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:100%;" colspan="2">At June 30, 2023, the concentration of the Trust&#8217;s investments in the various states and territories, determined as a percentage of total
investments, is as follows:
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:1.5pt;padding-top:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:90.37%;">New York
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:1.5pt;padding-top:6pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:10.23%;">20.7%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:90.37%;">Texas
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:1.5pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:10.23%;">14.0%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:90.37%;">Illinois
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:1.5pt;padding-top:1.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:10.23%;">12.2%
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:3pt;padding-left:0pt;padding-right:1.5pt;padding-top:1.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:90.37%;">Others, representing less than 10% individually
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:3pt;padding-left:1.5pt;padding-top:1.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.23%;">51.1%
</TD></TR></TABLE>
</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:6pt;padding-left:0pt;padding-top:6pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:100.0%;" colspan="2">The Trust invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations
may be affected by economic developments in a specific industry or municipality. At June 30, 2023, 18.3% of total investments are backed by bond insurance of various financial institutions and financial guaranty
assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 2.6% to 8.8% of total investments.
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="float:right;overflow:hidden;position:relative;width:47.47%;" type="Block">
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:bold;line-height:10.60pt;padding-left:0pt;padding-top:10pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:100%;" colspan="2">Abbreviations:
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:3.25pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">AGC
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:3.25pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Assured Guaranty Corp.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">AGM
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Assured Guaranty Municipal Corp.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">AMT
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:10.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-indent:-8pt;
text-transform:none;vertical-align:top;width:90.19%;">&#8211;&#8194;Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">BAM
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Build America Mutual Assurance Co.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">FHLMC
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Federal Home Loan Mortgage Corp.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">FNMA
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Federal National Mortgage Association
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">GNMA
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Government National Mortgage Association
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">PSF
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:90.19%;">&#8211;&#8194;Permanent School Fund
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:6pt;padding-left:0pt;padding-right:2.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;white-space:nowrap;width:10.81%;">SFMR
</TD><TD
style="color:#000000;font-family:Arial;font-size:7.60pt;font-style:Normal;font-weight:Normal;line-height:10.60pt;padding-bottom:6pt;padding-left:2.5pt;padding-top:1.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:90.19%;">&#8211;&#8194;Single Family Mortgage Revenue
</TD></TR></TABLE>
</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;">&nbsp;
<DIV
style="clear:both;padding-top:18.40pt;width:92.99%;" type="Block">
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">The Trust did not have
any open derivative instruments at June 30, 2023.</DIV>
<DIV
style="clear:both;color:#00A5FA;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">Fair Value
Measurements</DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">Under generally accepted
accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs
is summarized in the three broad levels listed below.</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:2pt;width:100%;" cellpadding="8" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:0.95%;">&#8226;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:99.05%;">
Level 1 &#8211; quoted prices in active markets for identical investments
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:0.95%;">&#8226;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:99.05%;">
Level 2 &#8211; other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:0.95%;">&#8226;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:99.05%;"> Level 3 &#8211; significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)
</TD></TR></TABLE>
</DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">In cases where the inputs
used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The
inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.</DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">At June 30, 2023, the
hierarchy of inputs used in valuing the Trust's investments, which are carried at value, were as follows:</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:99.81%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:6pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:56.11%;">Asset Description<FONT
style="font-size:9pt;font-weight:Normal;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:6pt;padding-right:9pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.13%;">Level 1<FONT
style="font-size:9pt;font-weight:Normal;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:9pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">Level 2<FONT
style="font-size:9pt;font-weight:Normal;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:9pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.70%;">Level 3<FONT
style="font-size:9pt;font-weight:Normal;line-height:12pt;">&#8201;</FONT>
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:9pt;padding-right:10pt;text-align:center;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">Total<FONT
style="font-size:9pt;font-weight:Normal;line-height:12pt;">&#8201;</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:6pt;padding-top:2.70pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:56.11%;">Corporate Bonds
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:6pt;padding-right:9pt;padding-top:2.70pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.13%;">$<FONT
style="padding-left:0.03pt;"></FONT>&#8195;&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9pt;padding-right:9pt;padding-top:2.70pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">$<FONT
style="padding-left:0.35pt;"></FONT>&#8199;&#8199;6,514,415
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9pt;padding-right:9pt;padding-top:2.70pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.70%;">$<FONT
style="padding-left:0.03pt;"></FONT>&#8195;&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9pt;padding-right:10pt;padding-top:2.70pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">$<FONT
style="padding-left:0.35pt;"></FONT>&#8199;&#8199;6,514,415
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:6pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:56.11%;">Tax-Exempt Municipal Obligations
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:10.85pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:8.13%;">&#8195;&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:14.16pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:13.53%;">306,711,966
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:13.85pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:8.70%;">&#8195;&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.75pt;padding-left:14.16pt;padding-right:10pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:13.53%;">306,711,966
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:5.20pt;padding-left:0pt;padding-right:6pt;padding-top:1.75pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:56.11%;">Taxable Municipal Obligations
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-bottom:5.20pt;padding-left:10.85pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:8.13%;">&#8195;&#8212;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-bottom:5.20pt;padding-left:14.16pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:13.53%;">&#8199;13,328,904
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-bottom:5.20pt;padding-left:13.85pt;padding-right:9pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;white-space:nowrap;width:8.70%;">&#8195;&#8212;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-bottom:5.20pt;padding-left:14.16pt;padding-right:10pt;padding-top:1.75pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;
vertical-align:bottom;width:13.53%;">&#8199;13,328,904
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5.20pt;padding-left:0pt;padding-right:6pt;padding-top:3.12pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:56.11%;">Total Investments
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5.20pt;padding-left:6pt;padding-right:9pt;padding-top:3.12pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.13%;">$&#8195;&#8212;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5.20pt;padding-left:9pt;padding-right:9pt;padding-top:3.12pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">$326,555,285
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5.20pt;padding-left:9pt;padding-right:9pt;padding-top:3.12pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.70%;">$&#8195;&#8212;
</TD><TD
style="border-bottom:0.30pt solid #000000;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:5.20pt;padding-left:9pt;padding-right:10pt;padding-top:3.12pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:13.53%;">$326,555,285
</TD></TR></TABLE>
</DIV>
<DIV
style="clear:both;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:8pt;text-align:left;text-decoration:none;text-transform:none;">For information on the
Trust's policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust's most recent financial statements included in its semiannual or annual report to
shareholders.</DIV>
</DIV>
</DIV>
<DIV
style="width:92.99%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:7.5pt;font-style:italic;font-weight:Normal;line-height:10.5pt;margin-top:150pt;text-align:center;text-decoration:none;text-transform:none;">6</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
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</SEC-DOCUMENT>
