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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Weld County School District No. 6 Greeley</name>
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      <invstOrSec>
        <name>City of Atlanta Department of Aviation</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia Income Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Minneapolis MN</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Cook</name>
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        <name>State of Washington</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of New York</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>University of California</name>
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        <name>County of Fairfax VA</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
        <title>Clark County School District, Series 2021A</title>
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          <isin value="US181059V786"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20242.88000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2021E-2</title>
        <cusip>797356ED0</cusip>
        <identifiers>
          <isin value="US797356ED02"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22398.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966QXJ4</cusip>
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          <isin value="US64966QXJ48"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32538.82000000</valUSD>
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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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2021B</title>
        <cusip>709225CP9</cusip>
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          <isin value="US709225CP95"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27324.69000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2024A</title>
        <cusip>544647HN3</cusip>
        <identifiers>
          <isin value="US544647HN36"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38863.43000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WP679"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10862.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anaheim Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Anaheim Public Financing Authority, Series 1997C</title>
        <cusip>03255LBR9</cusip>
        <identifiers>
          <isin value="US03255LBR96"/>
          <other otherDesc="Inhouse Asset ID" value="03255LBR9"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67646.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Series 2021A</title>
        <cusip>57584YR27</cusip>
        <identifiers>
          <isin value="US57584YR272"/>
          <other otherDesc="Inhouse Asset ID" value="57584YR27"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21888.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>State of Rhode Island, Series 2021E</title>
        <cusip>762223LV5</cusip>
        <identifiers>
          <isin value="US762223LV55"/>
          <other otherDesc="Inhouse Asset ID" value="762223LV5"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25530.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
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        <cusip>592112UX2</cusip>
        <identifiers>
          <isin value="US592112UX24"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10139.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <curCd>USD</curCd>
        <valUSD>10227.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Charlotte</name>
        <lei>N/A</lei>
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          <isin value="US161036RJ99"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <cusip>650028YH0</cusip>
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          <isin value="US650028YH03"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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          <isin value="US544532JB10"/>
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        <valUSD>10623.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2024A</title>
        <cusip>574193WK0</cusip>
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          <isin value="US574193WK01"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33263.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <balance>10000.00000000</balance>
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        <valUSD>10813.54000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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      <invstOrSec>
        <name>University of Washington</name>
        <lei>T8YS5W0N70BYCTHPA429</lei>
        <title>University of Washington, Series 2024A</title>
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          <isin value="US91523NYD29"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10990.54000000</valUSD>
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      <invstOrSec>
        <name>County of Miami-Dade Water &amp; Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
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      <invstOrSec>
        <name>City of Oklahoma City OK</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regional Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Water District of Southern California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Las Vegas Valley Water District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
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        <name>County of Wake NC</name>
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        <name>Austin Independent School District</name>
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        <balance>25000.00000000</balance>
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        <valUSD>27545.14000000</valUSD>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>Arizona Board of Regents</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
        <lei>549300MSDPX3EYMUYV38</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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      <invstOrSec>
        <name>City of Dallas TX</name>
        <lei>N/A</lei>
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        <balance>20000.00000000</balance>
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        <name>County of Prince George's</name>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>County of Charleston</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532CE22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>Clear Creek Independent School District</name>
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          <isin value="US184541DU17"/>
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        <balance>10000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
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        <balance>5000.00000000</balance>
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        <valUSD>5516.68000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>King County School District No. 405 Bellevue</name>
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          <isin value="US495098F424"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11105.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506EDV20"/>
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        <balance>20000.00000000</balance>
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        <valUSD>21872.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476GU42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DC30</cusip>
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          <isin value="US13063DC300"/>
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        <valUSD>66568.06000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority, Series 2021C</title>
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          <isin value="US646067CF35"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5192.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22197.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series 2021C</title>
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        <name>City of Seattle</name>
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        <name>State of Michigan Trunk Line Revenue</name>
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        <name>County of Johnston</name>
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        <name>Virginia Public School Authority</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>University of California</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Southern California Public Power Authority</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Empire State Development Corp.</name>
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        <name>Fort Bend Grand Parkway Toll Road Authority</name>
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        <name>JEA Electric System Revenue</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Michigan State University</name>
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        <name>Lone Star College System</name>
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        <name>State of Illinois</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Ohio State University (The)</name>
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        <name>Nassau County Interim Finance Authority</name>
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        <name>Auburn University</name>
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        <name>Ohio Water Development Authority</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Virginia College Building Authority</name>
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        <name>Norwalk-La Mirada Unified School District</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>City of Charlotte</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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          <isin value="US575579K715"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>Intermountain Power Agency</name>
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        <name>County of Washoe</name>
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        <name>City &amp; County of Honolulu</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2024A</title>
        <cusip>59261AY50</cusip>
        <identifiers>
          <isin value="US59261AY503"/>
          <other otherDesc="Inhouse Asset ID" value="59261AY50"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10865.89000000</valUSD>
        <pctVal>0.290572754755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2024A</title>
        <cusip>29270C5P6</cusip>
        <identifiers>
          <isin value="US29270C5P66"/>
          <other otherDesc="Inhouse Asset ID" value="29270C5P6"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22089.22000000</valUSD>
        <pctVal>0.590704075395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County of San Francisco CA</name>
        <lei>549300RA28ZEFOB6M782</lei>
        <title>City &amp; County of San Francisco</title>
        <cusip>79765D5D8</cusip>
        <identifiers>
          <isin value="US79765D5D82"/>
          <other otherDesc="Inhouse Asset ID" value="79765D5D8"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15520.95000000</valUSD>
        <pctVal>0.415057137327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Series 2019A</title>
        <cusip>682001GR7</cusip>
        <identifiers>
          <isin value="US682001GR72"/>
          <other otherDesc="Inhouse Asset ID" value="682001GR7"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21228.90000000</valUSD>
        <pctVal>0.567697625636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
        <lei>N/A</lei>
        <title>City &amp; County Honolulu Wastewater System, Series 2022A</title>
        <cusip>4387012J2</cusip>
        <identifiers>
          <isin value="US4387012J26"/>
          <other otherDesc="Inhouse Asset ID" value="4387012J2"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22065.62000000</valUSD>
        <pctVal>0.590072970440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1</title>
        <cusip>64971XZJ0</cusip>
        <identifiers>
          <isin value="US64971XZJ08"/>
          <other otherDesc="Inhouse Asset ID" value="64971XZJ0"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19931.32000000</valUSD>
        <pctVal>0.532998084676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Cleveland</name>
        <lei>N/A</lei>
        <title>City of Cleveland, Series 2021A-1</title>
        <cusip>186387XB7</cusip>
        <identifiers>
          <isin value="US186387XB75"/>
          <other otherDesc="Inhouse Asset ID" value="186387XB7"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20548.59000000</valUSD>
        <pctVal>0.549504955658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</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>
      <invstOrSec>
        <name>City of Portland OR</name>
        <lei>254900RPNQMJF9NBMF52</lei>
        <title>City of Portland, Series 2022A</title>
        <cusip>736740WF4</cusip>
        <identifiers>
          <isin value="US736740WF43"/>
          <other otherDesc="Inhouse Asset ID" value="736740WF4"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28206.54000000</valUSD>
        <pctVal>0.754291827904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2021D</title>
        <cusip>13068XDS5</cusip>
        <identifiers>
          <isin value="US13068XDS53"/>
          <other otherDesc="Inhouse Asset ID" value="13068XDS5"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26149.15000000</valUSD>
        <pctVal>0.699273649006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Milwaukee Metropolitan Sewerage District</name>
        <lei>N/A</lei>
        <title>Milwaukee Metropolitan Sewerage District, Series 2022A</title>
        <cusip>602409NG5</cusip>
        <identifiers>
          <isin value="US602409NG56"/>
          <other otherDesc="Inhouse Asset ID" value="602409NG5"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>32666.51000000</valUSD>
        <pctVal>0.873559165327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
