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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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        <curCd>USD</curCd>
        <valUSD>1053313.60000000</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>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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        <curCd>USD</curCd>
        <valUSD>875936.96000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AHY10"/>
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        <curCd>USD</curCd>
        <valUSD>1044432.60000000</valUSD>
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        <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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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AJB98"/>
          <other otherDesc="Inhouse Asset ID" value="07133AJB9"/>
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        <balance>10600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10600000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
        <title>Battery Park City Authority, Series 2019D-2</title>
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          <isin value="US07133AJC71"/>
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        <curCd>USD</curCd>
        <valUSD>310000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
        <title>Battery Park City Authority, Series 2023A</title>
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          <isin value="US07133AJH68"/>
          <other otherDesc="Inhouse Asset ID" value="07133AJH6"/>
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        <balance>1230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1360374.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
        <title>Battery Park City Authority, Series 2023A</title>
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          <isin value="US07133AJK97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1091458.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
        <title>Battery Park City Authority, Series 2023A</title>
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        <identifiers>
          <isin value="US07133AJL70"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1376873.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AJW36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1127429.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AJX19"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1144646.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AKF83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AKG66"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AKK78"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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        <valUSD>369630.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
        <title>Battery Park City Authority, Series 2025</title>
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          <isin value="US07133AKQ49"/>
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        <balance>1325000.00000000</balance>
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        <valUSD>1415154.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BlackRock Liquidity Funds</name>
        <lei>549300RWBJ885673DL84</lei>
        <title>BlackRock Liquidity MuniCash Funds: Institutional Shares</title>
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          <isin value="US09248U8412"/>
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        <balance>64649.60000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64656.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Town of Brookhaven</name>
        <lei>5493005Q69V4RYTEJZ98</lei>
        <title>Town of Brookhaven, Series 2015</title>
        <cusip>113152VX7</cusip>
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          <isin value="US113152VX78"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601132.98000000</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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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Buffalo &amp; Fort Erie Public Bridge Authority</name>
        <lei>N/A</lei>
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          <isin value="US119427BV39"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2009167.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Buffalo Municipal Water Finance Authority</name>
        <lei>N/A</lei>
        <title>Buffalo Municipal Water Finance Authority, Series 2019A</title>
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          <isin value="US119699KP03"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1753204.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buffalo Municipal Water Finance Authority</name>
        <lei>N/A</lei>
        <title>Buffalo Municipal Water Finance Authority, Series 2021A</title>
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          <isin value="US119699NK88"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1556265.62000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Buffalo Municipal Water Finance Authority</name>
        <lei>N/A</lei>
        <title>Buffalo Municipal Water Finance Authority, Series 2026-A</title>
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          <isin value="US119699QX72"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>430213.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Buffalo Municipal Water Finance Authority</name>
        <lei>N/A</lei>
        <title>Buffalo Municipal Water Finance Authority, Series 2026B</title>
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          <isin value="US119699QZ21"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>820840.72000000</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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        <securityLending>
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      <invstOrSec>
        <name>Buffalo Municipal Water Finance Authority</name>
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          <isin value="US119699RA60"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>420877.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dutchess County Local Development Corp., Series 2017</title>
        <cusip>267045JX1</cusip>
        <identifiers>
          <isin value="US267045JX12"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757922.55000000</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>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dutchess County Local Development Corp., Series 2022</title>
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          <isin value="US267045QX39"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007960.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Erie</name>
        <lei>N/A</lei>
        <title>County of Erie, Series 2025A</title>
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          <isin value="US295084ZE00"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1170457.60000000</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>2036-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Erie County Fiscal Stability Authority</name>
        <lei>N/A</lei>
        <title>Erie County Fiscal Stability Authority, Series 2017D</title>
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          <isin value="US29508RKU94"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454668.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Erie County Fiscal Stability Authority</name>
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        <title>Erie County Fiscal Stability Authority, Series 2017D</title>
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          <isin value="US29508RKV77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Erie County Fiscal Stability Authority</name>
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          <isin value="US29508RKW50"/>
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        <balance>1360000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Erie County Industrial Development Agency (The)</name>
        <lei>N/A</lei>
        <title>Erie County Industrial Development Agency (The), Series 2021A</title>
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          <isin value="US29509PLE78"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511044.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Erie County Industrial Development Agency (The)</name>
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        <title>Erie County Industrial Development Agency (The), Series 2021A</title>
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          <isin value="US29509PLG27"/>
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        <valUSD>1066239.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
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        <name>Erie County Industrial Development Agency (The)</name>
        <lei>N/A</lei>
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          <isin value="US29509PLX59"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1533133.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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      <invstOrSec>
        <name>Geneva Development Corp.</name>
        <lei>N/A</lei>
        <title>Geneva Development Corp., Series 2026</title>
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          <isin value="US37217PCM59"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1032801.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Geneva Development Corp.</name>
        <lei>N/A</lei>
        <title>Geneva Development Corp., Series 2026</title>
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          <isin value="US37217PCN33"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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          <isin value="US61075TSH22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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          <isin value="US61075TSZ20"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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          <isin value="US61075TWT14"/>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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          <isin value="US61075TYA05"/>
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        <name>Monroe County Industrial Development Corp.</name>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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      <invstOrSec>
        <name>MTA Hudson Rail Yards Trust Obligations</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-15</maturityDt>
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      <invstOrSec>
        <name>County of Nassau</name>
        <lei>549300ICRCGQYCPS7T40</lei>
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        <valUSD>2196848.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>New York Convention Center Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>City of New York</name>
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        <name>State of New York</name>
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          <isin value="US649791UD08"/>
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        <name>State of New York</name>
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          <isin value="US649791UM07"/>
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      <invstOrSec>
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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 State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Power Authority</name>
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          <isin value="US65000XAD21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Power Authority</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Power Authority</name>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <isin value="US65000XBG43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority, Series 2023A</title>
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          <isin value="US65000XBU37"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1286488.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority, Series 2023A</title>
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          <isin value="US65000XBV10"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>645615.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2016A</title>
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        <identifiers>
          <isin value="US650010BA80"/>
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        <balance>585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>513892.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2019B</title>
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          <isin value="US650010BS98"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>731067.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010CA71"/>
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        <valUSD>1511195.40000000</valUSD>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010CD11"/>
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        <name>New York State Thruway Authority</name>
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          <isin value="US650010CK53"/>
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        <name>New York State Thruway Authority</name>
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          <isin value="US650010DA62"/>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010DC29"/>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010DD02"/>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010DJ71"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-01-01</maturityDt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650010DM01"/>
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        <name>New York State Thruway Authority</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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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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        <fairValLevel>2</fairValLevel>
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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>
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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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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650028ZR75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2021A-1</title>
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          <isin value="US650028ZU05"/>
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        <balance>115000.00000000</balance>
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        <valUSD>117185.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <name>Empire State Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire State Development Corp.</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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          <isin value="US650036JT40"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Onondaga County Water Authority</name>
        <lei>N/A</lei>
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          <isin value="US682760JQ71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Onondaga County Trust for Cultural Resources</name>
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          <isin value="US68276FDL13"/>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Onondaga Civic Development Corp.</name>
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        <name>Town of Oyster Bay</name>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <curCd>USD</curCd>
        <valUSD>200476.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358W2S21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358W3M42"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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        <cusip>73358W4Q4</cusip>
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          <isin value="US73358W4Q47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 217</title>
        <cusip>73358W4T8</cusip>
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          <isin value="US73358W4T85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 222</title>
        <cusip>73358W6E9</cusip>
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          <isin value="US73358W6E98"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>560723.12000000</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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 222</title>
        <cusip>73358W6J8</cusip>
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          <isin value="US73358W6J85"/>
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        <balance>585000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 198</title>
        <cusip>73358WD92</cusip>
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          <isin value="US73358WD929"/>
          <other otherDesc="Inhouse Asset ID" value="73358WD92"/>
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        <curCd>USD</curCd>
        <valUSD>1003595.00000000</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>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 200</title>
        <cusip>73358WH23</cusip>
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          <isin value="US73358WH235"/>
          <other otherDesc="Inhouse Asset ID" value="73358WH23"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502600.60000000</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>2057-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 20TH</title>
        <cusip>73358WN34</cusip>
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          <isin value="US73358WN340"/>
          <other otherDesc="Inhouse Asset ID" value="73358WN34"/>
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        <balance>2435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2509439.65000000</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>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 183</title>
        <cusip>73358WSF2</cusip>
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          <isin value="US73358WSF22"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>396616.40000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 183</title>
        <cusip>73358WSK1</cusip>
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          <isin value="US73358WSK17"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 209</title>
        <cusip>73358WV92</cusip>
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          <isin value="US73358WV921"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 211</title>
        <cusip>73358WX74</cusip>
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          <isin value="US73358WX745"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 212</title>
        <cusip>73358WZ56</cusip>
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          <isin value="US73358WZ567"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 224</title>
        <cusip>73358XBQ4</cusip>
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          <isin value="US73358XBQ43"/>
          <other otherDesc="Inhouse Asset ID" value="73358XBQ4"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1367756.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 224</title>
        <cusip>73358XBS0</cusip>
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          <isin value="US73358XBS09"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1318303.05000000</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>2061-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isin value="US73358XRP95"/>
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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>
      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358XRS35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358XRV63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358XRX20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-08-15</maturityDt>
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      <invstOrSec>
        <name>City of Rochester</name>
        <lei>N/A</lei>
        <title>City of Rochester, Series 2022II</title>
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          <isin value="US771694QA72"/>
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        <curCd>USD</curCd>
        <valUSD>1093759.20000000</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>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Saratoga County Water Authority</name>
        <lei>N/A</lei>
        <title>Saratoga County Water Authority, Series 2016</title>
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          <isin value="US80348QCH65"/>
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        <balance>4600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4276272.70000000</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>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Schenectady County Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Schenectady County Capital Resource Corp., Series 2022</title>
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          <isin value="US806418BE82"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1618315.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2015B</title>
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        <identifiers>
          <isin value="US86476PPS10"/>
          <other otherDesc="Inhouse Asset ID" value="86476PPS1"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24980.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2024A</title>
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          <isin value="US86476PR423"/>
          <other otherDesc="Inhouse Asset ID" value="86476PR42"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4723432.00000000</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>2038-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2025A</title>
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          <isin value="US86476PS660"/>
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        <curCd>USD</curCd>
        <valUSD>1010013.00000000</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>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2025A</title>
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          <isin value="US86476PT999"/>
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        <valUSD>420299.56000000</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>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2025A</title>
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          <isin value="US86476PU302"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Suffolk</name>
        <lei>N/A</lei>
        <title>County of Suffolk, Series 2017D</title>
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          <isin value="US86476PWT10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk County Water Authority</name>
        <lei>N/A</lei>
        <title>Suffolk County Water Authority, Series 2013</title>
        <cusip>864784DQ3</cusip>
        <identifiers>
          <isin value="US864784DQ32"/>
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        <balance>1305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1305263.22000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Suffolk County Water Authority</name>
        <lei>N/A</lei>
        <title>Suffolk County Water Authority, Series 2015</title>
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          <isin value="US864784EW90"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1916950.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Suffolk County Water Authority</name>
        <lei>N/A</lei>
        <title>Suffolk County Water Authority, Series 2015</title>
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          <isin value="US864784EX73"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>630104.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Suffolk County Water Authority</name>
        <lei>N/A</lei>
        <title>Suffolk County Water Authority, Series 2015A</title>
        <cusip>864784FB4</cusip>
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          <isin value="US864784FB45"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500104.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Yonkers</name>
        <lei>N/A</lei>
        <title>City of Yonkers, Series 2019A</title>
        <cusip>986082B20</cusip>
        <identifiers>
          <isin value="US986082B209"/>
          <other otherDesc="Inhouse Asset ID" value="986082B20"/>
        </identifiers>
        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>299643.46000000</valUSD>
        <pctVal>0.022642333016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Yonkers</name>
        <lei>N/A</lei>
        <title>City of Yonkers, Series 2019A</title>
        <cusip>986082B61</cusip>
        <identifiers>
          <isin value="US986082B613"/>
          <other otherDesc="Inhouse Asset ID" value="986082B61"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2041096.80000000</valUSD>
        <pctVal>0.154233946788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <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>
