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      <invstOrSec>
        <name>Louisville and Jefferson County Metropolitan Government, Kentucky, General Obligation Bonds, Series 2023A</name>
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      <invstOrSec>
        <name>Kentucky State University, Certificates of Participation, Series 2021</name>
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        <title>Kentucky State University, Certificates of Participation, Series 2021</title>
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          <isin value="US491588AT65"/>
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        <name>Kentucky Bond Development Corporation, Hospital Revenue Bonds, Baptist Healthcare System Williamsburg Series 2025A</name>
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          <isin value="US49121DAC65"/>
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      <invstOrSec>
        <name>Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Refunding Series 2016</name>
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        <title>Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Refunding Series 2016</title>
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          <isin value="US491026UV00"/>
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      <invstOrSec>
        <name>Henderson, Kentucky, Facilities Revenue Bonds, Pratt Paper LLC Project, Series 2022A</name>
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        <name>Shelby County Board of Education, Kentucky, General Obligation Bonds, Series 2025</name>
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        <title>Shelby County Board of Education, Kentucky, General Obligation Bonds, Series 2025</title>
        <cusip>821601AS0</cusip>
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          <isin value="US821601AS00"/>
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      <invstOrSec>
        <name>Kentucky Bond Development Corporation, Kentucky, Industrial Building Revenue Bonds, Kentucky Communications Network Authority, Series 2019</name>
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        <title>Kentucky Bond Development Corporation, Kentucky, Industrial Building Revenue Bonds, Kentucky Communications Network Authority, Series 2019</title>
        <cusip>491211BR8</cusip>
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          <isin value="US491211BR87"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Louisville and Jefferson County Metropolitan Government, Kentucky, General Obligation Bonds, Series 2022A</name>
        <lei>N/A</lei>
        <title>Louisville and Jefferson County Metropolitan Government, Kentucky, General Obligation Bonds, Series 2022A</title>
        <cusip>546585VU1</cusip>
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          <isin value="US546585VU12"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Series 2019A</title>
        <cusip>49130NEJ4</cusip>
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      <invstOrSec>
        <name>University of Kentucky, General Receipts Bonds, Series 2026B</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>University of Kentucky, General Receipts Bonds, Series 2026B</title>
        <cusip>914378TA2</cusip>
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          <isin value="US914378TA29"/>
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        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1</name>
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        <title>Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1</title>
        <cusip>49126PGE4</cusip>
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        <invCountry>US</invCountry>

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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisville and Jefferson County Metropolitan Government Board of Water Works, Kentucky, Water System Revenue Bonds, Series 2025</name>
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        <title>Louisville and Jefferson County Metropolitan Government Board of Water Works, Kentucky, Water System Revenue Bonds, Series 2025</title>
        <cusip>54659RGD7</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Refunding Series 2021A</name>
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        <title>Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Refunding Series 2021A</title>
        <cusip>934864BD0</cusip>
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        <name>Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation First Tier Se</name>
        <lei>N/A</lei>
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        <cusip>491397AT2</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Murray State University, Kentucky, General Receipts Bonds, Series 2015A</name>
        <lei>N/A</lei>
        <title>Murray State University, Kentucky, General Receipts Bonds, Series 2015A</title>
        <cusip>627175FN7</cusip>
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          <isin value="US627175FN72"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Princeton Electric Plant Board, Kentucky, Revenue Bonds, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Princeton Electric Plant Board, Kentucky, Revenue Bonds, Refunding Series 2015</title>
        <cusip>742149DR5</cusip>
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          <isin value="US742149DR54"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>University of Kentucky, General Receipts Bonds, Series 2016A</name>
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        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2</name>
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        <name>University of Louisville, Kentucky, Revenue Bonds, General Receipts Series 2025A</name>
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        <title>University of Louisville, Kentucky, Revenue Bonds, General Receipts Series 2025A</title>
        <cusip>9143912E6</cusip>
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        <name>Logan County School District Finance Corporation, Kentucky, Revenue Bonds, School Building Series 2023</name>
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        <cusip>540790NA6</cusip>
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          <isin value="US540790NA69"/>
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        <name>Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Refunding Series 2018A</name>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A</name>
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        <title>Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A</title>
        <cusip>491214AX0</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Paducah, Kentucky, Electric Plant Board Revenue Bonds, Refunding Series 2016A</name>
        <lei>549300XTPDPORT8VIQ62</lei>
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        <cusip>695317DX2</cusip>
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          <isin value="US695317DX29"/>
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      <invstOrSec>
        <name>Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series 2017</name>
        <lei>N/A</lei>
        <title>Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series 2017</title>
        <cusip>49151FTN0</cusip>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series 2017A</name>
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        <cusip>49127KBV1</cusip>
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      <invstOrSec>
        <name>Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Series 2024A</name>
        <lei>N/A</lei>
        <title>Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Series 2024A</title>
        <cusip>491026WJ5</cusip>
        <identifiers>
          <isin value="US491026WJ53"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Senior Series 2021A-1</name>
        <lei>N/A</lei>
        <title>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Senior Series 2021A-1</title>
        <cusip>49130NFM6</cusip>
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          <isin value="US49130NFM65"/>
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      <invstOrSec>
        <name>Boone-Florence Water Commission, Kentucky, Water Supply System Revenue Bonds, Refunding Series 2024A</name>
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        <title>Boone-Florence Water Commission, Kentucky, Water Supply System Revenue Bonds, Refunding Series 2024A</title>
        <cusip>099003DB8</cusip>
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          <isin value="US099003DB86"/>
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        <invCountry>US</invCountry>

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        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</title>
        <cusip>49126PEQ9</cusip>
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        <name>Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series 2017</name>
        <lei>N/A</lei>
        <title>Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series 2017</title>
        <cusip>49151FTG5</cusip>
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      <invstOrSec>
        <name>Rural Water Financing Agency, Kentucky, Public Projects Revenue Bonds, Flexible Term Program, Series 2025C</name>
        <lei>N/A</lei>
        <title>Rural Water Financing Agency, Kentucky, Public Projects Revenue Bonds, Flexible Term Program, Series 2025C</title>
        <cusip>781741FQ1</cusip>
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      <invstOrSec>
        <name>Princeton Electric Plant Board, Kentucky, Revenue Bonds, Refunding Series 2015</name>
        <lei>N/A</lei>
        <title>Princeton Electric Plant Board, Kentucky, Revenue Bonds, Refunding Series 2015</title>
        <cusip>742149DZ7</cusip>
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      <invstOrSec>
        <name>Owen County, Kentucky, Water Facilities Revenue Bonds, Kentucky-American Water Company Project, Refunding Series 2020</name>
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        <name>Louisville and Jefferson County Metropolitan Government Board of Water Works, Kentucky, Water System Revenue Bonds, Series 2025</name>
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        <title>Louisville and Jefferson County Metropolitan Government Board of Water Works, Kentucky, Water System Revenue Bonds, Series 2025</title>
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        <name>Logan County School District Finance Corporation, Kentucky, Revenue Bonds, School Building Series 2023</name>
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        <title>Logan County School District Finance Corporation, Kentucky, Revenue Bonds, School Building Series 2023</title>
        <cusip>540790NC2</cusip>
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          <isin value="US540790NC26"/>
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        <name>Bowling Green, Kentucky, Water and Sewer Revenue Bonds, Series 2019</name>
        <lei>N/A</lei>
        <title>Bowling Green, Kentucky, Water and Sewer Revenue Bonds, Series 2019</title>
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        <name>Nelson County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Nelson County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2024</title>
        <cusip>640345A20</cusip>
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          <isin value="US640345A200"/>
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        <invCountry>US</invCountry>

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        <name>Berea, Kentucky, Revenue Bonds, Berea College Project, Educational Facilities Series 2002A</name>
        <lei>N/A</lei>
        <title>Berea, Kentucky, Revenue Bonds, Berea College Project, Educational Facilities Series 2002A</title>
        <cusip>083536AB8</cusip>
        <identifiers>
          <isin value="US083536AB89"/>
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        <invCountry>US</invCountry>

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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>McCracken County, Kentucky, General Obligation Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>McCracken County, Kentucky, General Obligation Bonds, Series 2024A</title>
        <cusip>579814DT8</cusip>
        <identifiers>
          <isin value="US579814DT86"/>
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        <balance>1680000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Georgetown, Kentucky, Water And Sewer Revenue Bonds, Refunding Series 2025A</name>
        <lei>N/A</lei>
        <title>Georgetown, Kentucky, Water And Sewer Revenue Bonds, Refunding Series 2025A</title>
        <cusip>372787JD4</cusip>
        <identifiers>
          <isin value="US372787JD40"/>
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        <invCountry>US</invCountry>

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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Louisville and Jefferson County Metropolitan Government, Kentucky, Hospital Revenue Bonds, UofL Health Project, Series 2022A</name>
        <lei>N/A</lei>
        <title>Louisville and Jefferson County Metropolitan Government, Kentucky, Hospital Revenue Bonds, UofL Health Project, Series 2022A</title>
        <cusip>54660DAT6</cusip>
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          <isin value="US54660DAT63"/>
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        <balance>4500000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Jefferson County School District, Kentucky, General Obligation Bonds, Series 2024A</name>
        <lei>N/A</lei>
        <title>Jefferson County School District, Kentucky, General Obligation Bonds, Series 2024A</title>
        <cusip>47309RAR0</cusip>
        <identifiers>
          <isin value="US47309RAR03"/>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Montgomery County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2026</name>
        <lei>N/A</lei>
        <title>Montgomery County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2026</title>
        <cusip>613331RQ2</cusip>
        <identifiers>
          <isin value="US613331RQ27"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>University of Louisville, Kentucky, Revenue Bonds, Refunding General Reciepts Series 2016C</name>
        <lei>N/A</lei>
        <title>University of Louisville, Kentucky, Revenue Bonds, Refunding General Reciepts Series 2016C</title>
        <cusip>914391M53</cusip>
        <identifiers>
          <isin value="US914391M539"/>
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        <invCountry>US</invCountry>

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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Hazard, Kentucky, Healthcare Revenue Bonds, Appalachian Regional Healthcare Project, Series 2021</name>
        <lei>N/A</lei>
        <title>Hazard, Kentucky, Healthcare Revenue Bonds, Appalachian Regional Healthcare Project, Series 2021</title>
        <cusip>421381BD5</cusip>
        <identifiers>
          <isin value="US421381BD50"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2025A</title>
        <cusip>74440DFN9</cusip>
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          <isin value="US74440DFN93"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</title>
        <cusip>74529JRH0</cusip>
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          <isin value="US74529JRH04"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.32900000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2012A</name>
        <lei>N/A</lei>
        <title>Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2012A</title>
        <cusip>934864AC3</cusip>
        <identifiers>
          <isin value="US934864AC35"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2</name>
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        <name>Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Projects, Refunding Series 2026A</name>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A</name>
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      <invstOrSec>
        <name>Kentucky State University, Certificates of Participation, Series 2021</name>
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        <title>Kentucky State University, Certificates of Participation, Series 2021</title>
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          <isin value="US491588AS82"/>
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        <name>Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024B</title>
        <cusip>74440DFC3</cusip>
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        <name>Lexington-Fayette Urban County Government, Kentucky, General Obligation Bonds, Various Purpose Series 2025A</name>
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        <name>Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation First Tier Se</name>
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        <name>Louisville and Jefferson County Metropolitan Government, Kentucky, Hospital Revenue Bonds, UofL Health Project, Series 2022A</name>
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        <name>Covington, Kentucky, General Obligation Bonds, Series 2024C</name>
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        <name>Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A</name>
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        <cusip>49126KKE0</cusip>
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        <name>University of Kentucky, Lease Purchase Obligations Bonds, UK Healthcare Cancer Center Parking Project, Series 2024</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>University of Kentucky, Lease Purchase Obligations Bonds, UK Healthcare Cancer Center Parking Project, Series 2024</title>
        <cusip>914383AW4</cusip>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>Campbellsville, Kentucky, Industrial Building Revenue Bonds, Campbellsville University Project, Series 2017</name>
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        <title>Campbellsville, Kentucky, Industrial Building Revenue Bonds, Campbellsville University Project, Series 2017</title>
        <cusip>134517DG3</cusip>
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      <invstOrSec>
        <name>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Series 2019A</name>
        <lei>N/A</lei>
        <title>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Series 2019A</title>
        <cusip>49130NEK1</cusip>
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        <name>Murray, Kentucky, Hospital Facilities Revenue Bonds, Murray-Calloway County Public Hospital Corporation Project, Refunding Series 2016</name>
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      <invstOrSec>
        <name>Union Kentucky, Special Obligation Revenue Bonds, Union Promenade Project, Series 2022B</name>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series 2017A</name>
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      <invstOrSec>
        <name>Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund Revenue Bonds, Series 2018A</name>
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        <cusip>491311AN6</cusip>
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        <name>Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Senior Series 2021A-1</name>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Project, Refunding Series 2017B</name>
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        <cusip>491552R23</cusip>
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        <name>Kentucky Municipal Energy Agency, Power System Revenue Bonds, Energy Center I Project, Series 2025</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky Bond Development Corporation, Educational Facilities Revenue Bonds, City of Danville, Centre College Project, Series 2021</name>
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        <cusip>49120ABP3</cusip>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</name>
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        <title>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</title>
        <cusip>49126PEZ9</cusip>
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        <name>Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Series 2014A</name>
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        <cusip>5465892Z4</cusip>
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        <invCountry>US</invCountry>

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        <name>Louisville Regional Airport Authority, Kentucky, Airport System Revenue Bonds, Refunding Series 2014A</name>
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        <cusip>546850DA3</cusip>
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        <name>Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 20</name>
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        <cusip>546749AT9</cusip>
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        <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>74529JQF5</cusip>
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        <name>Kentucky Housing Corporation, Housing Revenue Bonds, Taxable Series 2021B</name>
        <lei>549300NTBUU903EKQ287</lei>
        <title>Kentucky Housing Corporation, Housing Revenue Bonds, Taxable Series 2021B</title>
        <cusip>49130TWC6</cusip>
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        <name>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</name>
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        <title>Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A</title>
        <cusip>49126PFA3</cusip>
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        <name>Paducah, Kentucky, Electric Plant Board Revenue Bonds, Series 2009A</name>
        <lei>549300XTPDPORT8VIQ62</lei>
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        <cusip>695317EB9</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <name>Richmond, Kentucky, General Obligation Bonds, Series 2025</name>
        <lei>N/A</lei>
        <title>Richmond, Kentucky, General Obligation Bonds, Series 2025</title>
        <cusip>764870GE5</cusip>
        <identifiers>
          <isin value="US764870GE55"/>
        </identifiers>
        <balance>1795000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1949470.16000000</valUSD>
        <pctVal>0.887622910962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</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>
    <signature>
      <ncom:dateSigned>2026-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust IV</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>
