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        <name>Denver City &amp; County Housing Authority, Colorado, Capital Fund Program Revenue Bonds, Three Tower Rehabilitation, Series 2007</name>
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        <name>Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016</name>
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      <invstOrSec>
        <name>Denver City and County School District 1, Colorado, Lease Purchase Program Certificates of Participation, Series 2015B</name>
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        <cusip>24919PJN5</cusip>
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        <name>Eagle County Air Terminal Corporation, Colorado, Airport Terminal Project Revenue Bonds, Refunding Series 2011A</name>
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        <cusip>26947EAS9</cusip>
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        <name>Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds,  Colorado Springs Utilities, Series 2008</name>
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        <name>Eagle River Water and Sanitation District, Eagle County, Colorado, General Obligation Bonds, Series 2016</name>
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        <cusip>26983AAW3</cusip>
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        <cusip>26983ABF9</cusip>
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        <name>East Cherry Creek Valley Water and Sanitation District, Arapahoe County, Colorado, Water Revenue Bonds, Refunding Series 2015</name>
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        <cusip>271579CV4</cusip>
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        <name>East Cherry Creek Valley Water and Sanitation District, Arapahoe County, Colorado, Water Revenue Bonds, Refunding Series 2015</name>
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        <name>El Paso County School District 20, Academy, Colorado, General Obligation Bonds, Series 2017</name>
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        <name>El Paso County School District 49 Falcon, Colorado, Certificates of Participation, Series 2017B</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Erie, Boulder and Weld Counties, Colorado, Water Enterprise Revenue Bonds, Refunding Series 2015</name>
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      <invstOrSec>
        <name>Erie, Colorado, Certificates of Participation, Series 2010</name>
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          <isin value="US29502MAZ68"/>
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      <invstOrSec>
        <name>Foothills Park and Recreation District, Subdistrict A, Jefferson County, Colorado, General Obligation Bonds, Refunding Series 2015</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Foothills Park and Recreation District, Subdistrict A, Jefferson County, Colorado, General Obligation Bonds, Refunding Series 2015</name>
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      <invstOrSec>
        <name>Glen Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2016A</name>
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        <cusip>377675AE3</cusip>
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        <name>Grand Junction Regional Airport Authority, Colorado, General Airport Revenue Bonds, Refunding Series 2016A</name>
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        <cusip>385785AN0</cusip>
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          <isin value="US385785AN09"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Junction Regional Airport Authority, Colorado, General Airport Revenue Bonds, Refunding Series 2016A</name>
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        <name>Grand Junction Regional Airport Authority, Colorado, General Airport Revenue Bonds, Refunding Series 2016A</name>
        <lei>N/A</lei>
        <title>Grand Junction Regional Airport Authority, Colorado, General Airport Revenue Bonds, Refunding Series 2016A</title>
        <cusip>385785AQ3</cusip>
        <identifiers>
          <isin value="US385785AQ30"/>
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      <invstOrSec>
        <name>Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2016</name>
        <lei>N/A</lei>
        <title>Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2016</title>
        <cusip>544186AL3</cusip>
        <identifiers>
          <isin value="US544186AL32"/>
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        <invCountry>US</invCountry>

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        <name>Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series 2017</name>
        <lei>N/A</lei>
        <title>Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series 2017</title>
        <cusip>546659FP3</cusip>
        <identifiers>
          <isin value="US546659FP36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Mountain Shadows Metropolitan District, Weld County, Colorado, Limited Tax General Obligation Bonds, Series 2015</name>
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        <cusip>62426NAC9</cusip>
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          <isin value="US62426NAC92"/>
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        <name>Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Refunding Series 2013</name>
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        <cusip>72818QAX1</cusip>
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        <name>Red Sky Ranch Metropolitan District, Eagle County, Colorado, General Obligation Bonds, Refunding &amp; Improvement Series 2015</name>
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        <cusip>757022AR9</cusip>
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          <isin value="US757022AR99"/>
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        <name>Reserve Metropolitan District 2, Mount Crested Butte, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2016A</name>
        <lei>549300G0BX5H6M52J851</lei>
        <title>Reserve Metropolitan District 2, Mount Crested Butte, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2016A</title>
        <cusip>76106RAA1</cusip>
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          <isin value="US76106RAA14"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Se</name>
        <lei>N/A</lei>
        <title>Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Se</title>
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          <isin value="US884769BR06"/>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thornton Development Authority, Colorado, Tax Increment Revenue Bonds, North Washington Street Corridor Project, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Thornton Development Authority, Colorado, Tax Increment Revenue Bonds, North Washington Street Corridor Project, Refunding Series 2015</title>
        <cusip>885277DV2</cusip>
        <identifiers>
          <isin value="US885277DV26"/>
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        <balance>770000.00000000</balance>
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        <name>University of Northern Colorado at Greeley, Institutional Enterprise System Revenue Bonds, Refunding Series 2015A</name>
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        <name>Westminster, Colorado, Certificates of Participation, Series 2015A</name>
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          <isin value="US96065PGP36"/>
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          <isin value="US96065PGS74"/>
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        <name>Wheatlands Metropolitan District 2, Aurora, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2015</name>
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        <name>Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &amp; Improvement Series 2017</name>
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        <name>North Range Metropolitan District 2, Adams County, Colorado , Limited Tax General Obligation Bonds, Refunding Special Revenue &amp; Improvement Series 201</name>
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        <name>Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University of Denver, Series 2017A</name>
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        <name>Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, Senior Lien Series 2017</name>
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        <name>High Plains Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2017</name>
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        <name>Southwest Timnath Metropolitan District 4, Timnath, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2017A</name>
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        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016</name>
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        <name>Weld County School District 6, Greeley, Colorado, General Obligation Bonds, Series 2020</name>
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        <name>Colorado State, Certificates of Participation, Lease Purchase Agreement Department of Transportation Second Amended &amp; Restated Headquaters Facilities,</name>
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        <name>Thompson Crossing Metropolitan District 6, Larimer County, Colorado, General Obligation Limited Tax Bonds, Refunding &amp; Improvement Convertible to Unli</name>
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        <name>Pueblo Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, EVRAZ Project, Series 2021A</name>
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      <invstOrSec>
        <name>Nexus North at DIA Metropolitan District, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2021</name>
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        <name>Roaring Fork Transporation Authority, Colorado, Property Tax Revenue Bonds, Series 2021A</name>
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        <title>Roaring Fork Transporation Authority, Colorado, Property Tax Revenue Bonds, Series 2021A</title>
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          <isin value="US77016CAW38"/>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2021A</name>
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        <name>Riverview Metropolitan District, Steamboat Springs, Routt County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Tax Refundi</name>
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          <isin value="US769432AA30"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Series 2021A</name>
        <lei>N/A</lei>
        <title>Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Series 2021A</title>
        <cusip>24917DCG6</cusip>
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          <isin value="US24917DCG60"/>
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        <name>Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A</name>
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        <name>Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A</name>
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        <name>Alpine Mountain Ranch Metropolitan District, Routt County, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Refunding Serie</name>
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        <cusip>020853AB3</cusip>
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        <name>Erie Farm Metropolitan District, Erie, Boulder County, Colorado, General Obligation Limited Tax Bonds, Refunding &amp; Improvement, Series 2021</name>
        <lei>N/A</lei>
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          <isin value="US295244AT41"/>
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        <name>Prairiestar Metropolitan District 2, Larimer County, Colorado, Limited Tax General Obligation Bonds, Refunding &amp; Improvement Series 2021A</name>
        <lei>N/A</lei>
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        <name>Grand County School District 2 East Grand, Colorado, General Obligation Bonds, Series 2022</name>
        <lei>N/A</lei>
        <title>Grand County School District 2 East Grand, Colorado, General Obligation Bonds, Series 2022</title>
        <cusip>385334GE1</cusip>
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      <invstOrSec>
        <name>Monument, El Paso County,  Colorado, Certificate of Participation, Series 2020</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>

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        <name>Northern Colorado Water Conservancy District, Certificates of Participation, Series 2022</name>
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        <name>Gold Hill Mesa Metropolitan District 2, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refundin</name>
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        <name>Denver School District 1, Colorado, General Obligation Bonds, Series 2022A</name>
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        <cusip>249174YP2</cusip>
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        <name>Foothills Park and Recreation District, Jefferson County, Colorado, Lease Revenue Bonds, Certificates of Participation, Series 2021</name>
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        <name>Pueblo County, Colorado, Certificates of Participation, County Judicial Complex Project, Series 2022A</name>
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        <name>Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022A</name>
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        <name>Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022B</name>
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        <name>Future Legends Sports Park Business Improvement District, Limited Tax General Obligation Bonds, Series 2022A and Subordinate Limited Tax General Oblig</name>
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        <name>Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation Bonds, Subordinate Series 2022</name>
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        <name>Copperleaf Metropolitan District 2, Arapahoe County, Colorado, Limited Tax General Obligation Bonds, Refunding Convertible to Unlimited Tax Series 202</name>
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        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Intermountain Healthcare, Series 2022A</name>
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      <invstOrSec>
        <name>Larimer and Weld Counties School District Re-5J, Colorado, General Obligation Bonds, Series 2021</name>
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        <name>Four Corners Business Improvement District, Erie, Boulder County, Colorado, Limited Tax Supported Revenue Bonds, Series 2022</name>
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        <name>Falcon Area Water and Wastewater Authority (El Paso County, Colorado), Tap Fee Revenue Bonds, Series 2022A</name>
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        <name>West Globeville Metropolitan District 1, Denver, Colorado, General Obligation Limited Tax Bonds, Series 2022</name>
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        <name>Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Series 2021A</name>
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        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2022A</name>
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        <name>Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022D</name>
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        <name>Denver City and County Board of Water Commissioners, Colorado, Water Revenue Bonds, Series 2022A</name>
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        <name>Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2022B</name>
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        <name>Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Improvement Bonds, Series 2022</name>
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        <name>Pueblo County, Colorado, Certificates of Participation, Community Improvement Projects, Series 2023A</name>
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        <name>Delta County Joint School District 50 Delta, Gunnison, Montrose and Mesa Counties, Colorado, General Obligation Bonds, Series 2023</name>
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        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2023A-2</name>
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        <name>Roaring Fork School District RE-1, Garfield, Pitkin, and Eagle Counties, Colorado, Certificates of Participation, Series 2023</name>
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        <name>Denver City and County Housing Authority, Colorado, Multifamily Housing Revenue Bonds, Flo Senior Apartments Project, Sustainability Green Series 2023</name>
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        <name>Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise Revenue Bonds, Series 2023C</name>
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        <name>Colorado Water Resources and Power Development Authority, Water Resources Revenue Bonds, City of Sterling Wastewater Utility Enterprise Project, Serie</name>
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        <name>Bromley Park Metropolitan District No. 2, In the City of Brighton, Adams and Weld Counties, Colorado, Senior General Obligation Limited Tax Refunding </name>
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        <name>Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University of Denver, Series 2017A</name>
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        <name>Weld County School District RE-4, Windsor, Colorado, General Obligation Bonds, Series 2023</name>
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        <name>Ravenna Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Refunding Limited Tax Series 2023</name>
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        <name>Arista Metropolitan District, Broomfield County, Colorado, General Obligation Limited Tax Bonds, Refunding Convertible to Unlimited Tax Series 2023A</name>
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        <name>Kremmling Memorial Hospital District, Colorado, Certificates of Participation, Series 2024</name>
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        <name>Crowfoot Valley Ranch Metropolitan District No. 2,  Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2024A</name>
        <lei>N/A</lei>
        <title>Crowfoot Valley Ranch Metropolitan District No. 2,  Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2024A</title>
        <cusip>22802CAW7</cusip>
        <identifiers>
          <isin value="US22802CAW73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1876822.20000000</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>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</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>Cottonwood Highlands Metropolitan District 1, Parker, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Refunding Series 20</name>
        <lei>N/A</lei>
        <title>Cottonwood Highlands Metropolitan District 1, Parker, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Refunding Series 20</title>
        <cusip>221865AU2</cusip>
        <identifiers>
          <isin value="US221865AU26"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cottonwood Highlands Metropolitan District 1, Parker, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Refunding Series 20</name>
        <lei>N/A</lei>
        <title>Cottonwood Highlands Metropolitan District 1, Parker, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Refunding Series 20</title>
        <cusip>221865AV0</cusip>
        <identifiers>
          <isin value="US221865AV09"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2293533.50000000</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>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bennett, Colorado, Wastewater Revenue Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Bennett, Colorado, Wastewater Revenue Bonds, Series 2024</title>
        <cusip>082162AU2</cusip>
        <identifiers>
          <isin value="US082162AU22"/>
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        <balance>3250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3024250.45000000</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>2054-12-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Del Norte, Colorado, Healthcare Facilities Revenue Bonds, Rio Grande Hospital Refunding Project, Refunding Series 2024</name>
        <lei>N/A</lei>
        <title>Del Norte, Colorado, Healthcare Facilities Revenue Bonds, Rio Grande Hospital Refunding Project, Refunding Series 2024</title>
        <cusip>245256AC6</cusip>
        <identifiers>
          <isin value="US245256AC65"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370381.76000000</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>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>Lanterns Metropolitan District 1, Castle Rock, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 2024</name>
        <lei>N/A</lei>
        <title>Lanterns Metropolitan District 1, Castle Rock, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 2024</title>
        <cusip>51654AAX7</cusip>
        <identifiers>
          <isin value="US51654AAX72"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2765139.00000000</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>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bromley Park Metropolitan District 3, Adams County, Colorado, General Obligation Bonds, Limited Tax Refunding Series 2024</name>
        <lei>N/A</lei>
        <title>Bromley Park Metropolitan District 3, Adams County, Colorado, General Obligation Bonds, Limited Tax Refunding Series 2024</title>
        <cusip>11222PAM5</cusip>
        <identifiers>
          <isin value="US11222PAM59"/>
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        <balance>5055000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4754714.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Douglas County School District, Number RE1, Douglas and Elbert Counties. Colorado, General Obligation Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Douglas County School District, Number RE1, Douglas and Elbert Counties. Colorado, General Obligation Bonds, Series 2024</title>
        <cusip>258885S78</cusip>
        <identifiers>
          <isin value="US258885S788"/>
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        <balance>2580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2790993.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2025A</name>
        <lei>549300WFV5S7GIR4OS67</lei>
        <title>Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2025A</title>
        <cusip>24918EEN6</cusip>
        <identifiers>
          <isin value="US24918EEN67"/>
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        <balance>7250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7357460.95000000</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>2050-12-01</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>
        <name>Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2025A</name>
        <lei>549300WFV5S7GIR4OS67</lei>
        <title>Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2025A</title>
        <cusip>24918EEP1</cusip>
        <identifiers>
          <isin value="US24918EEP16"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476576.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>Brighton, Colorado, Water Activity Enterprise Revenue Bonds, Water System Project, Series 2025</name>
        <lei>N/A</lei>
        <title>Brighton, Colorado, Water Activity Enterprise Revenue Bonds, Water System Project, Series 2025</title>
        <cusip>10932PHR0</cusip>
        <identifiers>
          <isin value="US10932PHR01"/>
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        <balance>1290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1243911.01000000</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>2055-06-01</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>Village Metropolitan District In the Town of Avon, Eagle County, Colorado, Special Revenue and Limited Property Tax Bonds, Improvement Series 2025A</name>
        <lei>N/A</lei>
        <title>Village Metropolitan District In the Town of Avon, Eagle County, Colorado, Special Revenue and Limited Property Tax Bonds, Improvement Series 2025A</title>
        <cusip>92708CAD7</cusip>
        <identifiers>
          <isin value="US92708CAD74"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504951.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Refunding &amp; Improvement Senior Series 2025A</name>
        <lei>N/A</lei>
        <title>Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Refunding &amp; Improvement Senior Series 2025A</title>
        <cusip>85950NCC2</cusip>
        <identifiers>
          <isin value="US85950NCC20"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039757.40000000</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>2055-12-01</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>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Project, Refunding Bonds Series 2025A</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Project, Refunding Bonds Series 2025A</title>
        <cusip>19648FA87</cusip>
        <identifiers>
          <isin value="US19648FA871"/>
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        <balance>1500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Craig Hospital Project, Series 2025A</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Colorado, Revenue Bonds, Craig Hospital Project, Series 2025A</title>
        <cusip>19648FE34</cusip>
        <identifiers>
          <isin value="US19648FE345"/>
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        <balance>3300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3459780.39000000</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>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aurora, Colorado, Sewer Revenue Bonds, First Lien Series 2025</name>
        <lei>N/A</lei>
        <title>Aurora, Colorado, Sewer Revenue Bonds, First Lien Series 2025</title>
        <cusip>051589DQ9</cusip>
        <identifiers>
          <isin value="US051589DQ90"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1922349.80000000</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>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust I</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
