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        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2020B</name>
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        <name>Albuquerque, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2022B</name>
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        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2026C</name>
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        <name>Roswell, New Mexico, Joint Water and Sewerage Revenue Bonds, Improvement Series 2017</name>
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          <isin value="US778561KL39"/>
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        <name>Rio Rancho, New Mexico, Water and Wastewater System Revenue Bonds, Refunding &amp; Improvement Series 2026</name>
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          <isin value="US767175JG89"/>
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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Junior Lien Series 2026B</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Junior Lien Series 2026B</title>
        <cusip>64711PVM9</cusip>
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          <isin value="US64711PVM93"/>
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        <name>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2017A</name>
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      <invstOrSec>
        <name>New Mexico State University, Revenue Bonds, Refunding &amp; Improvement Series 2017A</name>
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        <title>New Mexico State University, Revenue Bonds, Refunding &amp; Improvement Series 2017A</title>
        <cusip>647429Y60</cusip>
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        <name>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2017A</name>
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        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2023B</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <name>Albuquerque, New Mexico, General Obligation Bonds, Storm Sewer Series 2025B</name>
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        <name>Silver City Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds, School Building Series 2017</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Building Series 2018</name>
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        <name>Los Ranchos de Albuquerque, New Mexico, Educational Facilities Revenue Bonds, Albuquerque Acadamy Project, Refunding Series 2020</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>Los Diamantes Public Improvement District, New Mexico, Revenue Bonds, Rio Rancho Special Levy Improvement Series 2024</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Santa Fe, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Senior Lien Series 2018A</name>
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          <isin value="US802072SQ28"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Boulders Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2015</name>
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          <isin value="US101567AD71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Boulders Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013</name>
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          <isin value="US101567AA33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aspire Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2024</name>
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          <isin value="US04538GAC15"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Fiesta Public Improvement District, Los Lunas, New Mexico, Special Levy Revenue Bonds, Improvement Area 1, Series 2025</name>
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        <title>Fiesta Public Improvement District, Los Lunas, New Mexico, Special Levy Revenue Bonds, Improvement Area 1, Series 2025</title>
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          <isin value="US31659QAL59"/>
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        <balance>500000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santa Fe, New Mexico, Water Utility System Revenue Bonds, Refunding Series 2016</name>
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        <title>Santa Fe, New Mexico, Water Utility System Revenue Bonds, Refunding Series 2016</title>
        <cusip>80216PAY2</cusip>
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          <isin value="US80216PAY25"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</name>
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        <title>Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A</title>
        <cusip>57665NAG0</cusip>
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          <isin value="US57665NAG07"/>
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        <balance>230000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2019</name>
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        <title>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2019</title>
        <cusip>827513GW6</cusip>
        <identifiers>
          <isin value="US827513GW69"/>
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        <balance>675000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2022C</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <cusip>64711PLZ1</cusip>
        <identifiers>
          <isin value="US64711PLZ17"/>
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        <balance>1000000.00000000</balance>
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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>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2026A</name>
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        <title>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2026A</title>
        <cusip>64720ABE1</cusip>
        <identifiers>
          <isin value="US64720ABE10"/>
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        <balance>750000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.60000000</annualizedRt>
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      <invstOrSec>
        <name>Los Lunas, Valencia County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvment Series 2016</name>
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        <title>Los Lunas, Valencia County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvment Series 2016</title>
        <cusip>545559DY9</cusip>
        <identifiers>
          <isin value="US545559DY97"/>
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        <balance>125000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Senior Lien Series 2022</name>
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        <cusip>97535RAF7</cusip>
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          <isin value="US97535RAF73"/>
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        <balance>500000.00000000</balance>
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        <name>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2026</name>
        <lei>N/A</lei>
        <title>Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds,  School Building Series 2026</title>
        <cusip>827513JN3</cusip>
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          <isin value="US827513JN34"/>
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        <balance>500000.00000000</balance>
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      <invstOrSec>
        <name>Saltillo Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018</name>
        <lei>N/A</lei>
        <title>Saltillo Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018</title>
        <cusip>79576AAN5</cusip>
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          <isin value="US79576AAN54"/>
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        <balance>970000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Roswell, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2017</name>
        <lei>N/A</lei>
        <title>Roswell, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2017</title>
        <cusip>77854PBC2</cusip>
        <identifiers>
          <isin value="US77854PBC23"/>
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        <balance>770000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Petroglyphs Public Improvements District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Fe, New Mexico, Net Wastewater Utility System Environmental Services Gross Receipts Tax Improvement Revenue Bonds, Climate Certified Green Serie</name>
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          <isin value="US802089AQ52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2022A</name>
        <lei>549300IPOV320QCKW060</lei>
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          <isin value="US400653KK63"/>
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      <invstOrSec>
        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019C</name>
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          <isin value="US647201FW77"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>University of New Mexico, Revenue Bonds, System Improvement Series 2023</name>
        <lei>549300WZXG6PIBC7KB43</lei>
        <title>University of New Mexico, Revenue Bonds, System Improvement Series 2023</title>
        <cusip>9146925T1</cusip>
        <identifiers>
          <isin value="US9146925T17"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tierra Del Oro Public Improvement District, Rio Rancho, New Mexico, Special Levy Improvement Revenue Bonds, Series 2025</name>
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        <title>Tierra Del Oro Public Improvement District, Rio Rancho, New Mexico, Special Levy Improvement Revenue Bonds, Series 2025</title>
        <cusip>886517AA9</cusip>
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          <isin value="US886517AA97"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>McKinley County, New Mexico, Gross Receipts Revenue Bonds, Tax Improvement Series 2023</name>
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        <title>McKinley County, New Mexico, Gross Receipts Revenue Bonds, Tax Improvement Series 2023</title>
        <cusip>581615EK3</cusip>
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          <isin value="US581615EK32"/>
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        <balance>675000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement Residences Project, Series 2012</name>
        <lei>N/A</lei>
        <title>Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement Residences Project, Series 2012</title>
        <cusip>802170AJ9</cusip>
        <identifiers>
          <isin value="US802170AJ93"/>
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        <balance>1365000.00000000</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>2042-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</name>
        <lei>N/A</lei>
        <title>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</title>
        <cusip>767169FN0</cusip>
        <identifiers>
          <isin value="US767169FN09"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537267.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central New Mexico Community College, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, Limited Tax Series 2023</name>
        <lei>N/A</lei>
        <title>Central New Mexico Community College, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, Limited Tax Series 2023</title>
        <cusip>154626EQ4</cusip>
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          <isin value="US154626EQ47"/>
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        <balance>2400000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2024</name>
        <lei>N/A</lei>
        <title>Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2024</title>
        <cusip>92871AAQ3</cusip>
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          <isin value="US92871AAQ31"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2025C</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2025C</title>
        <cusip>64711PTU4</cusip>
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          <isin value="US64711PTU48"/>
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        <balance>1575000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mesa Del Sol Public Improvement District 1, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013</name>
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        <title>Mesa Del Sol Public Improvement District 1, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013</title>
        <cusip>59065CAB7</cusip>
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          <isin value="US59065CAB72"/>
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        <balance>680000.00000000</balance>
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      <invstOrSec>
        <name>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, San Juan Regional Medical Center, Refunding &amp; Improvement Series 2020</name>
        <lei>N/A</lei>
        <title>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, San Juan Regional Medical Center, Refunding &amp; Improvement Series 2020</title>
        <cusip>647370KL8</cusip>
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        <balance>785000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1</title>
        <cusip>74514L3P0</cusip>
        <identifiers>
          <isin value="US74514L3P07"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</title>
        <cusip>74529JPX7</cusip>
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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Junior Lien Series 2026B</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Junior Lien Series 2026B</title>
        <cusip>64711PVL1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <name>Guam Power Authority, Revenue Bonds, Refunding Series 2024A</name>
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      <invstOrSec>
        <name>Government of Guam, Business Privilege Tax Bonds, Refunding Series 2025G</name>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017</name>
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          <isin value="US40065FDD33"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Colfax County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2015</name>
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      <invstOrSec>
        <name>Rio Rancho, New Mexico, Gross Receipts Tax Revenue Bonds, Shared Gross Receipts Improvement Series 2025</name>
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        <name>San Juan County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2015B</name>
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          <isin value="US79835HHN08"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds, Series 1997</name>
        <lei>N/A</lei>
        <title>Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds, Series 1997</title>
        <cusip>80189AAT9</cusip>
        <identifiers>
          <isin value="US80189AAT97"/>
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        <balance>555000.00000000</balance>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2024A</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2024A</title>
        <cusip>64711PPU8</cusip>
        <identifiers>
          <isin value="US64711PPU83"/>
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        <balance>715000.00000000</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>2044-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Series 2025A</name>
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        <title>Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Series 2025A</title>
        <cusip>013595A45</cusip>
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          <isin value="US013595A456"/>
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        <balance>200000.00000000</balance>
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        <name>Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A</name>
        <lei>N/A</lei>
        <title>Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A</title>
        <cusip>927676RR9</cusip>
        <identifiers>
          <isin value="US927676RR98"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Albuquerque Benralillo County Water Utility Authority, New Mexico, Joint Water and Sewer System Revenue Bonds, Refunding &amp; Improvement Senior Lien Ser</name>
        <lei>N/A</lei>
        <title>Albuquerque Benralillo County Water Utility Authority, New Mexico, Joint Water and Sewer System Revenue Bonds, Refunding &amp; Improvement Senior Lien Ser</title>
        <cusip>013493HN4</cusip>
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          <isin value="US013493HN45"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A</name>
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        <title>Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A</title>
        <cusip>04052EAY4</cusip>
        <identifiers>
          <isin value="US04052EAY41"/>
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        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2022A</name>
        <lei>N/A</lei>
        <title>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2022A</title>
        <cusip>647201RJ3</cusip>
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          <isin value="US647201RJ39"/>
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        <name>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018C</name>
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        <title>New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018C</title>
        <cusip>647201CF7</cusip>
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          <isin value="US647201CF71"/>
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        <balance>295000.00000000</balance>
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        <name>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2017A</name>
        <lei>N/A</lei>
        <title>New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2017A</title>
        <cusip>647370HX6</cusip>
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        <issuerCat>MUN</issuerCat>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Santa Fe, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Senior Lien Series 2018A</name>
        <lei>N/A</lei>
        <title>Santa Fe, New Mexico, Gross Receipts Tax Revenue Bonds Improvement Senior Lien Series 2018A</title>
        <cusip>802072SP4</cusip>
        <identifiers>
          <isin value="US802072SP45"/>
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        <balance>500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montecito Estates Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2016</name>
        <lei>N/A</lei>
        <title>Montecito Estates Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2016</title>
        <cusip>61237RAN7</cusip>
        <identifiers>
          <isin value="US61237RAN70"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000760.50000000</valUSD>
        <pctVal>1.411905644750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-31</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>
