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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
        <title>Alameda Corridor Transportation Authority, Series A</title>
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          <isin value="US010869MJ12"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1352158.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Alameda County Fire Department</name>
        <lei>N/A</lei>
        <title>Alameda County Fire Department, Series 2025</title>
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          <isin value="US010892AM95"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107394.13000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Alamo Community College District</name>
        <lei>N/A</lei>
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          <isin value="US011415TE66"/>
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        <curCd>USD</curCd>
        <valUSD>3524602.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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      <invstOrSec>
        <name>City of Albuquerque NM Gross Receipts Tax Revenue</name>
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          <isin value="US01354PJL94"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1081998.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alvin Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US0224474C72"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105739.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alvord Unified School District</name>
        <lei>549300Q9J0UCO75DL276</lei>
        <title>Alvord Unified School District, Series 2011B</title>
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          <isin value="US022555UL87"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26887.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Antelope Valley Community College District</name>
        <lei>N/A</lei>
        <title>Antelope Valley Community College District, Series B</title>
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          <isin value="US03667PHA30"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2264490.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Arizona Department of Transportation State Highway Fund, Series 2026</title>
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          <isin value="US040654ZG32"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6115834.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Arizona Department of Transportation State Highway Fund, Series 2026</title>
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          <isin value="US040654ZK44"/>
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        <balance>4730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5105139.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
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        <title>Arizona Board of Regents, Series 2026A</title>
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          <isin value="US040664QB36"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119095.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta</name>
        <lei>549300GHLQ0J51NUBM84</lei>
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          <isin value="US047772K567"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3272445.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Atlanta</name>
        <lei>N/A</lei>
        <title>City of Atlanta Department of Aviation, Series 2025A</title>
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          <isin value="US04780M2E84"/>
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        <balance>1700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta Water &amp; Wastewater</name>
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        <title>City of Atlanta Water &amp; Wastewater, Series 2026</title>
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          <isin value="US047870UH13"/>
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        <balance>1590000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-01</maturityDt>
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      <invstOrSec>
        <name>City of Aurora</name>
        <lei>N/A</lei>
        <title>City of Aurora, Series 2021</title>
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        <valUSD>1255387.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>N/A</lei>
        <title>City of Austin, Series 2026A</title>
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          <isin value="US052398KR40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Series 2023</title>
        <cusip>052430VY8</cusip>
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          <isin value="US052430VY89"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2725856.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Series 2023</title>
        <cusip>052430WD3</cusip>
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          <isin value="US052430WD34"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332590.59000000</valUSD>
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        <name>Austin Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Baltimore</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barbers Hill Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Area Toll Authority</name>
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        <name>BlackRock Liquidity Funds</name>
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        <fairValLevel>1</fairValLevel>
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        <name>City of Boston</name>
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        <name>California Educational Facilities Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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      <invstOrSec>
        <name>California School Facilities Financing Authority</name>
        <lei>N/A</lei>
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        <name>California State University</name>
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        <name>Carlsbad Unified School District</name>
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        <name>Carrollton-Farmers Branch Independent School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Cartersville GA Water &amp; Sewer Revenue</name>
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          <isin value="US146501RY97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cedar Hill Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cedar Rapids Community School District Infrastructure Sales Services &amp; Use Tax</name>
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          <isin value="US150539ER16"/>
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        <curCd>USD</curCd>
        <valUSD>435069.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Celina</name>
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          <isin value="US151141P699"/>
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        <curCd>USD</curCd>
        <valUSD>1555200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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          <isin value="US155048EE71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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          <isin value="US155048EG20"/>
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        <balance>6000000.00000000</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>2046-11-01</maturityDt>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
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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>2051-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Cerritos Community College District</name>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Cerritos Community College District</name>
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        <balance>650000.00000000</balance>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>Chambers County Justice Center Public Facilities Corp.</name>
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        <name>City of Chandler</name>
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        <name>City of Charlotte</name>
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        <name>City of Charlotte</name>
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        <name>Arapahoe County School District No. 5 Cherry Creek</name>
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        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <name>Clemson University</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>Comal Independent School District</name>
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          <maturityDt>2039-02-01</maturityDt>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-15</maturityDt>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax</name>
        <lei>5493007GRO6CU0IKP741</lei>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Conroe Independent School District</name>
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        <name>Cook County Community College District No. 508</name>
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        <name>County of Cook</name>
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        <name>Corona-Norco Unified School District</name>
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        <name>City of Corpus Christi Utility System</name>
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        <name>Crowley Independent School District</name>
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        <name>State of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glendale Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Parkway Transportation Corp.</name>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand River Dam Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal Sys</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenville-Spartanburg Airport District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenville Independent School District</name>
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        <name>City of Griffin</name>
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        <name>County of Harris</name>
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        <name>Harris County Flood Control District</name>
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        <name>Harris County Flood Control District</name>
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      <invstOrSec>
        <name>Hidalgo County Regional Mobility Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506ERL91"/>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506ERN57"/>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2026A</title>
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          <isin value="US45506ERP06"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567269.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Series 2022A</title>
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          <isin value="US45884AB937"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>JEA Water &amp; Sewer System, Series 2024A</title>
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          <isin value="US46615SFP83"/>
          <other otherDesc="Inhouse Asset ID" value="46615SFP8"/>
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        <balance>140000.00000000</balance>
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        <valUSD>149374.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
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        <title>JEA Water &amp; Sewer System, Series 2025A</title>
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          <isin value="US46615SGE28"/>
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        <balance>265000.00000000</balance>
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        <valUSD>290668.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
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          <isin value="US46615SGL60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Jacksonville</name>
        <lei>549300XQE0JVN9WV0J40</lei>
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          <isin value="US469487VC34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
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        <name>County of Jefferson</name>
        <lei>N/A</lei>
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        <name>County of Jefferson</name>
        <lei>N/A</lei>
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        <name>JobsOhio Beverage System</name>
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        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
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      <invstOrSec>
        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
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          <isin value="US478740VR15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>City of Kansas City</name>
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        <name>Katy Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>Lansing Board of Water &amp; Light</name>
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        <name>City of Las Vegas</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-09-01</maturityDt>
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        <name>Las Vegas Valley Water District</name>
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        <title>Las Vegas Valley Water District, Series 2025A</title>
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          <isin value="US517845TK98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-01</maturityDt>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
        <title>Las Vegas Valley Water District, Series 2026A</title>
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          <isin value="US517845UC53"/>
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        <curCd>USD</curCd>
        <valUSD>2922000.84000000</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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      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
        <title>Leander Independent School District, Series 2025A</title>
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        <curCd>USD</curCd>
        <valUSD>33647.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Series 2024</title>
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          <isin value="US52882PGA03"/>
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        <curCd>USD</curCd>
        <valUSD>159351.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-15</maturityDt>
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      <invstOrSec>
        <name>Liberty Hill Independent School District</name>
        <lei>N/A</lei>
        <title>Liberty Hill Independent School District, Series 2025</title>
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          <isin value="US530574TY84"/>
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        <curCd>USD</curCd>
        <valUSD>5174074.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Little Rock School District</name>
        <lei>N/A</lei>
        <title>Little Rock School District</title>
        <cusip>5374284Z4</cusip>
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          <isin value="US5374284Z40"/>
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        <balance>3810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3574194.15000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Livermore Valley Joint Unified School District</name>
        <lei>N/A</lei>
        <title>Livermore Valley Joint Unified School District, Series 2021</title>
        <cusip>538310N90</cusip>
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          <isin value="US538310N905"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140420.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Los Angeles</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Wastewater System, Series 2022A</title>
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          <isin value="US53945CKY56"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>803001.56000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles Wastewater System</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Wastewater System, Series 2025A</title>
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          <isin value="US53945CMC19"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217792.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-01</maturityDt>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series 2026</title>
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          <isin value="US542433H349"/>
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        <balance>3440000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
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        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series C</title>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority, Series 2023E</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-15</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
        <lei>N/A</lei>
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        <balance>1495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1563145.84000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority</name>
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      <invstOrSec>
        <name>Los Angeles County Facilities 2, Inc.</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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          <isin value="US54531PAU30"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Loudoun</name>
        <lei>N/A</lei>
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          <isin value="US54589TRH76"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BN980"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <lei>549300QJFPW2NNBYR215</lei>
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        <lei>549300QJFPW2NNBYR215</lei>
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        <lei>549300QJFPW2NNBYR215</lei>
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        <name>Mabank Independent School District</name>
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        <name>Mansfield Independent School District</name>
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        <name>Mansfield Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Higher Education Finance Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York Power Authority</name>
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        <name>New York Power Authority</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2021A-1</title>
        <cusip>650028XM0</cusip>
        <identifiers>
          <isin value="US650028XM07"/>
          <other otherDesc="Inhouse Asset ID" value="650028XM0"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82519.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2022A</title>
        <cusip>650028ZD8</cusip>
        <identifiers>
          <isin value="US650028ZD89"/>
          <other otherDesc="Inhouse Asset ID" value="650028ZD8"/>
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        <balance>2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2064921.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2022C</title>
        <cusip>650028ZR7</cusip>
        <identifiers>
          <isin value="US650028ZR75"/>
          <other otherDesc="Inhouse Asset ID" value="650028ZR7"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91631.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2020A</title>
        <cusip>650036AP1</cusip>
        <identifiers>
          <isin value="US650036AP19"/>
          <other otherDesc="Inhouse Asset ID" value="650036AP1"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4643173.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2020C</title>
        <cusip>650036CF1</cusip>
        <identifiers>
          <isin value="US650036CF19"/>
          <other otherDesc="Inhouse Asset ID" value="650036CF1"/>
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        <balance>4610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4841273.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2023A</title>
        <cusip>650036JB3</cusip>
        <identifiers>
          <isin value="US650036JB32"/>
          <other otherDesc="Inhouse Asset ID" value="650036JB3"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104788.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Series 2019</title>
        <cusip>65830VAN0</cusip>
        <identifiers>
          <isin value="US65830VAN01"/>
          <other otherDesc="Inhouse Asset ID" value="65830VAN0"/>
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        <balance>1825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>753259.81000000</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>2045-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2025A</title>
        <cusip>66285WU79</cusip>
        <identifiers>
          <isin value="US66285WU794"/>
          <other otherDesc="Inhouse Asset ID" value="66285WU79"/>
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        <balance>1495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1660022.59000000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District, Series 2025</title>
        <cusip>667826HG9</cusip>
        <identifiers>
          <isin value="US667826HG94"/>
          <other otherDesc="Inhouse Asset ID" value="667826HG9"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156591.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Oakland</name>
        <lei>549300BRTTFKDQCGL048</lei>
        <title>City of Oakland, Series 2023D</title>
        <cusip>672240YN2</cusip>
        <identifiers>
          <isin value="US672240YN27"/>
          <other otherDesc="Inhouse Asset ID" value="672240YN2"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106901.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2025A</title>
        <cusip>677523LV2</cusip>
        <identifiers>
          <isin value="US677523LV29"/>
          <other otherDesc="Inhouse Asset ID" value="677523LV2"/>
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        <balance>1135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1242063.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series Z</title>
        <cusip>677523RT1</cusip>
        <identifiers>
          <isin value="US677523RT19"/>
          <other otherDesc="Inhouse Asset ID" value="677523RT1"/>
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        <balance>6865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7841050.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2026A</title>
        <cusip>677523SR4</cusip>
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          <isin value="US677523SR44"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2567702.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission, Series A</title>
        <cusip>67756DM52</cusip>
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          <isin value="US67756DM527"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1272679.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>Ohio Turnpike &amp; Infrastructure Commission, Series 2013A-2</title>
        <cusip>67760HKB6</cusip>
        <identifiers>
          <isin value="US67760HKB68"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58598.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
        <title>Oklahoma Capitol Improvement Authority, Series 2025A</title>
        <cusip>678514EM8</cusip>
        <identifiers>
          <isin value="US678514EM85"/>
          <other otherDesc="Inhouse Asset ID" value="678514EM8"/>
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        <balance>9460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10141981.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>Oklahoma Turnpike Authority, Series 2025A</title>
        <cusip>679111E59</cusip>
        <identifiers>
          <isin value="US679111E590"/>
          <other otherDesc="Inhouse Asset ID" value="679111E59"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16058.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
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          <isin value="US679111E913"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Oklahoma Water Resources Board</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
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          <isin value="US682001NH18"/>
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        <balance>6250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5835715.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Series 2026A</title>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Onondaga County Trust for Cultural Resources</name>
        <lei>N/A</lei>
        <title>Onondaga County Trust for Cultural Resources, Series 2019</title>
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          <isin value="US68276FDP27"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104287.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Series 2025</title>
        <cusip>682832LL2</cusip>
        <identifiers>
          <isin value="US682832LL27"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1081735.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US68607DUN38"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146597.49000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Orlando</name>
        <lei>G8GZFWRIKS3AFD6AWU52</lei>
        <title>City of Orlando, Series 2026B</title>
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          <isin value="US68641HPP37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104864.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Orlando</name>
        <lei>G8GZFWRIKS3AFD6AWU52</lei>
        <title>City of Orlando, Series 2026B</title>
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          <isin value="US68641HPQ10"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5299091.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Oxnard School District</name>
        <lei>N/A</lei>
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        <balance>4345000.00000000</balance>
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        <valUSD>4249131.49000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>City of Palm Coast</name>
        <lei>N/A</lei>
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        <valUSD>537468.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Palm Coast</name>
        <lei>N/A</lei>
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        <balance>750000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palo Alto Unified School District</name>
        <lei>N/A</lei>
        <title>Palo Alto Unified School District, Series 2022</title>
        <cusip>697379YP4</cusip>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2784964.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Weatherford College of the Parker County Junior College District</name>
        <lei>N/A</lei>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524473.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Pasadena Unified School District</name>
        <lei>N/A</lei>
        <title>Pasadena Unified School District, Series D</title>
        <cusip>702282RZ9</cusip>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170057.46000000</valUSD>
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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>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Pasadena Unified School District</name>
        <lei>N/A</lei>
        <title>Pasadena Unified School District, Series D</title>
        <cusip>702282SB1</cusip>
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          <isin value="US702282SB15"/>
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        <balance>3500000.00000000</balance>
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        <name>Pennsylvania Turnpike Commission</name>
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      <invstOrSec>
        <name>Peralta Community College District</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>School District of Philadelphia (The)</name>
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      <invstOrSec>
        <name>City of Philadelphia</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pierce County School District No. 403 Bethel</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>Plano Independent School District</name>
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        <name>Platte River Power Authority</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Port Freeport</name>
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        <name>Port Authority of Houston of Harris County Texas</name>
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        <name>Port Authority of Houston of Harris County Texas</name>
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      <invstOrSec>
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      <invstOrSec>
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        <name>Salinas Union High School District</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of San Antonio Electric &amp; Gas Systems</name>
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          <isin value="US79625GJK04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of San Antonio Electric &amp; Gas Systems</name>
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          <isin value="US79625GKP71"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of San Antonio</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
        <title>City of San Antonio Electric &amp; Gas Systems, Series 2026A</title>
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          <isin value="US79625GNP45"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>San Antonio Water System, Series 2025A</title>
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          <isin value="US79642GSC77"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
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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>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Bernardino Community College District</name>
        <lei>549300Y4FPTEP3EQZ007</lei>
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          <isin value="US796720QY95"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Bernardino Community College District</name>
        <lei>549300Y4FPTEP3EQZ007</lei>
        <title>San Bernardino Community College District, Series F</title>
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          <isin value="US796720RZ51"/>
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        <balance>150000.00000000</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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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>San Diego Community College District</name>
        <lei>N/A</lei>
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          <isin value="US797272TE13"/>
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        <balance>160000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
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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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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US79730CMU52"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2020D2</title>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2022O-2</title>
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          <isin value="US797356FF41"/>
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        <balance>1300000.00000000</balance>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series ZR-7</title>
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          <isin value="US797356UM27"/>
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        <balance>2540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3025064.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series ZR-7</title>
        <cusip>797356UN0</cusip>
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          <isin value="US797356UN00"/>
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        <balance>4190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4950925.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority, Series 2021A</title>
        <cusip>79739GMW3</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
        <cusip>8371514B2</cusip>
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          <isin value="US8371514B27"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2987841.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series 2024B</title>
        <cusip>8371514T3</cusip>
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          <isin value="US8371514T35"/>
          <other otherDesc="Inhouse Asset ID" value="8371514T3"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75630.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series 2025A</title>
        <cusip>8371515V7</cusip>
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          <isin value="US8371515V71"/>
          <other otherDesc="Inhouse Asset ID" value="8371515V7"/>
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        <balance>4055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4127769.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series 2026A</title>
        <cusip>83715BAV9</cusip>
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          <isin value="US83715BAV99"/>
          <other otherDesc="Inhouse Asset ID" value="83715BAV9"/>
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        <balance>4245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4379392.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Dakota Conservancy District</name>
        <lei>N/A</lei>
        <title>South Dakota Conservancy District, Series 2025A</title>
        <cusip>837545SW3</cusip>
        <identifiers>
          <isin value="US837545SW33"/>
          <other otherDesc="Inhouse Asset ID" value="837545SW3"/>
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        <balance>6250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6518715.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Dakota Conservancy District</name>
        <lei>N/A</lei>
        <title>South Dakota Conservancy District, Series 2026B</title>
        <cusip>837545UC4</cusip>
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          <isin value="US837545UC41"/>
          <other otherDesc="Inhouse Asset ID" value="837545UC4"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4213884.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South San Francisco Public Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>South San Francisco Public Facilities Financing Authority, Series 2021A</title>
        <cusip>840035BU2</cusip>
        <identifiers>
          <isin value="US840035BU27"/>
          <other otherDesc="Inhouse Asset ID" value="840035BU2"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98410.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority, Series 2026-1</title>
        <cusip>842469EN4</cusip>
        <identifiers>
          <isin value="US842469EN40"/>
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        <balance>5285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5471919.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southwestern Community College District</name>
        <lei>N/A</lei>
        <title>Southwestern Community College District, Series C</title>
        <cusip>845389EW1</cusip>
        <identifiers>
          <isin value="US845389EW15"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5644.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spartanburg County School District No. 4</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No. 4, Series 2022A</title>
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          <isin value="US847031CU33"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3138110.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spartanburg County School District No. 7</name>
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          <isin value="US847082MN12"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35625.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spring Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US850001AY49"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104367.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Stockton Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US861419ZJ18"/>
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        <balance>1820000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
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      <invstOrSec>
        <name>City of Tacoma Electric System</name>
        <lei>N/A</lei>
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          <isin value="US873519PZ97"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120035.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tarrant Regional Water District</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District, Series 2025</title>
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          <isin value="US876448HY06"/>
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        <balance>2895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2822272.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant Regional Water District</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District, Series 2025</title>
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          <isin value="US876448JB84"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239361.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Series 2022A</title>
        <cusip>880558QJ3</cusip>
        <identifiers>
          <isin value="US880558QJ36"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105055.38000000</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>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas City Independent School District</name>
        <lei>N/A</lei>
        <title>Texas City Independent School District, Series 2023</title>
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          <isin value="US882270XW66"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7672714.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882725DA91"/>
          <other otherDesc="Inhouse Asset ID" value="882725DA9"/>
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        <balance>9065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10182593.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882725DE14"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3315370.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas State Technical College</name>
        <lei>N/A</lei>
        <title>Texas State Technical College, Series 2022A</title>
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          <isin value="US88276RFJ68"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209602.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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          <isin value="US88278PR488"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609231.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Commission</name>
        <lei>5493006JSGNPGVJS7691</lei>
        <title>Texas Transportation Commission, Series 2026</title>
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          <isin value="US882830CY62"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1103249.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, Series 2024C</title>
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          <isin value="US88283KCH95"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1078589.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
        <lei>N/A</lei>
        <title>Texas Transportation Finance Corp., Series 2025A</title>
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          <isin value="US88283PAK30"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447359.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
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          <isin value="US88283PAL13"/>
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        <balance>655000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
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          <isin value="US88283PAM95"/>
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        <balance>3675000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
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          <isin value="US88283PAP27"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-01</maturityDt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <isin value="US8828544U35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-15</maturityDt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US882854V410"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US88285ABF49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-15</maturityDt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US88285AFT07"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US88285AFZ66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Western Maricopa Education Center District No. 402</name>
        <lei>N/A</lei>
        <title>Western Maricopa Education Center District No. 402, Series 2026A</title>
        <cusip>95855RDV5</cusip>
        <identifiers>
          <isin value="US95855RDV50"/>
          <other otherDesc="Inhouse Asset ID" value="95855RDV5"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1649051.25000000</valUSD>
        <pctVal>0.101880347907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</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>Wyandotte County Unified School District No. 500 Kansas City</name>
        <lei>N/A</lei>
        <title>Wyandotte County Unified School District No. 500 Kansas City, Series 2025</title>
        <cusip>982696SX5</cusip>
        <identifiers>
          <isin value="US982696SX58"/>
          <other otherDesc="Inhouse Asset ID" value="982696SX5"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>103924.19000000</valUSD>
        <pctVal>0.006420560084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>2026-05-31</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>
  <documents>XXXX</documents>
</edgarSubmission>
