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        <name>Trinity River Authority</name>
        <lei>N/A</lei>
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        <name>Oklahoma County Finance Authority</name>
        <lei>549300KPR05JUN0F1289</lei>
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        <name>Trinity River Authority</name>
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        <name>Township of Woodbridge NJ</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
        <lei>N/A</lei>
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        <name>Massachusetts Clean Water Trust (The)</name>
        <lei>549300SYPEROLSQU0261</lei>
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          <isin value="US575829DQ64"/>
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        <balance>8280000.00000000</balance>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District Sales Tax Revenue</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco Bay Area Rapid Transit District, Sales Tax</title>
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          <isin value="US797669WA21"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Trinity River Authority</name>
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        <name>N/A</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <name>Fort Wayne Redevelopment Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Town of Stafford CT</name>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Sales Tax Asset Receivable Corp.</name>
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          <isin value="US794665FT14"/>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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          <isin value="US20282EAG17"/>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Sanford NC Utility Systems Revenue</name>
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        <name>Fairview School District</name>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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          <isin value="US649519CF09"/>
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        <name>Commonwealth of Massachusetts</name>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>City of San Antonio TX</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Commonwealth Financing Authority</name>
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        <title>USCPI</title>
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          <maturityDt>2033-05-15</maturityDt>
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          <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</title>
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          <isin value="US650010AJ09"/>
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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>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Morris NJ</name>
        <lei>N/A</lei>
        <title>County of Morris</title>
        <cusip>618024AW3</cusip>
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          <isin value="US618024AW37"/>
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        <curCd>USD</curCd>
        <valUSD>21295.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2018A</title>
        <cusip>246381MM6</cusip>
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          <isin value="US246381MM65"/>
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        <balance>1370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1756161.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Colorado</name>
        <lei>N/A</lei>
        <title>State of Colorado, Building Excellent Schools Today, Series 2018M</title>
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        <identifiers>
          <isin value="US19668QKE43"/>
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        <balance>3150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3982198.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
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        <cusip>44420RAV2</cusip>
        <identifiers>
          <isin value="US44420RAV24"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1821105.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Stewart Manor NY</name>
        <lei>N/A</lei>
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          <isin value="US860384DF03"/>
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        <curCd>USD</curCd>
        <valUSD>23547.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northeast Ohio Regional Sewer District</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Regional Sewer District</title>
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          <isin value="US663903EX67"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>655499.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Fulton GA Water &amp; Sewerage Revenue</name>
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        <title>County of Fulton, Water &amp; Sewerage</title>
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          <isin value="US360066MU58"/>
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        <balance>2700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2818881.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority</title>
        <cusip>89657PJC8</cusip>
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          <isin value="US89657PJC86"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421980.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
        <lei>N/A</lei>
        <title>Missouri State Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water</title>
        <cusip>60636UBN8</cusip>
        <identifiers>
          <isin value="US60636UBN81"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20121.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Series 2015A</title>
        <cusip>38122NYG1</cusip>
        <identifiers>
          <isin value="US38122NYG14"/>
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        <balance>4950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5808181.50000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District</title>
        <cusip>54438CSH6</cusip>
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          <isin value="US54438CSH69"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159191.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147980.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma County Finance Authority</name>
        <lei>549300KPR05JUN0F1289</lei>
        <title>Oklahoma County Finance Authority, Educational Facilities, Lease Midwest City-Del City Public Schools Project</title>
        <cusip>67868UFX6</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609325.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>Illinois State Toll Highway Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WVX1</cusip>
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          <isin value="US66285WVX19"/>
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        <curCd>USD</curCd>
        <valUSD>717870.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
        <lei>N/A</lei>
        <title>Syracuse Industrial Development Agency</title>
        <cusip>871683EQ7</cusip>
        <identifiers>
          <isin value="US871683EQ79"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11467.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</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>State of New Mexico Severance Tax Permanent Fund</name>
        <lei>N/A</lei>
        <title>State of New Mexico Severance Tax, Series 2018A</title>
        <cusip>6473102T7</cusip>
        <identifiers>
          <isin value="US6473102T70"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27462.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Various Purpose</title>
        <cusip>13063CSW1</cusip>
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          <isin value="US13063CSW19"/>
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        <balance>10370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12252362.40000000</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>2030-08-01</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>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water and Power</title>
        <cusip>544495Z23</cusip>
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          <isin value="US544495Z231"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>868990.30000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority</name>
        <lei>549300D2U0XBUXGX8P68</lei>
        <title>Massachusetts Bay Transportation Authority</title>
        <cusip>575577HY0</cusip>
        <identifiers>
          <isin value="US575577HY07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2060580.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Terrebonne Parish Recreation District No. 5</name>
        <lei>N/A</lei>
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        <cusip>881246AH5</cusip>
        <identifiers>
          <isin value="US881246AH57"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24318.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark NV</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark</title>
        <cusip>181003PE8</cusip>
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          <isin value="US181003PE85"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12167.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sussex County Municipal Utilities Authority (The)</name>
        <lei>N/A</lei>
        <title>Sussex County Municipal Utilities Authority, Wastewater Facilities</title>
        <cusip>869267GN8</cusip>
        <identifiers>
          <isin value="US869267GN86"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192843.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>Town of Queen Creek</title>
        <cusip>74823YBP9</cusip>
        <identifiers>
          <isin value="US74823YBP97"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12113.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2013TE</title>
        <cusip>91802RAG4</cusip>
        <identifiers>
          <isin value="US91802RAG48"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4589840.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Marion OR</name>
        <lei>N/A</lei>
        <title>County of Marion</title>
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          <isin value="US569127BF95"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115377.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Columbus OH</name>
        <lei>N/A</lei>
        <title>City of Columbus, Series 2013-1</title>
        <cusip>199492DL0</cusip>
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          <isin value="US199492DL07"/>
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        <balance>4750000.00000000</balance>
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        <valUSD>5399705.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, State Sales Tax, Series 2014A</title>
        <cusip>64990ACA1</cusip>
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          <isin value="US64990ACA16"/>
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        <balance>4225000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2017A</title>
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          <isin value="US25476FUD85"/>
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        <balance>600000.00000000</balance>
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        <valUSD>738702.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
        <title>Massachusetts School Building Authority, Senior Dedicated Sales Tax</title>
        <cusip>576000NH2</cusip>
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          <isin value="US576000NH21"/>
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        <balance>7420000.00000000</balance>
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        <valUSD>8152947.60000000</valUSD>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Community Medical Centers, Series 2017A</title>
        <cusip>13048TR21</cusip>
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        <balance>1750000.00000000</balance>
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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>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Central Connecticut Regional Water Authority</name>
        <lei>N/A</lei>
        <title>South Central Connecticut Regional Water Authority</title>
        <cusip>837227YJ0</cusip>
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          <isin value="US837227YJ03"/>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>Silver Bow County School District No. 1</name>
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        <name>County of Arlington VA</name>
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        <name>Wellsville Central School District/NY</name>
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        <name>Turlock Irrigation District</name>
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        <name>Broward County FL Water &amp; Sewer Utility Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>City of Sanford NC Utility Systems Revenue</name>
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        <name>Lake Ridge School Building Corp.</name>
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        <name>Island Park Union Free School District</name>
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        <name>City of Chicago IL Motor Fuel Tax Revenue</name>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Los Angeles Department of Water and Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
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          <isin value="US89657PJD69"/>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8894000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-01</maturityDt>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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          <isin value="US254845JC58"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5519150.00000000</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>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp./NJ</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HC9</cusip>
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          <isin value="US888808HC92"/>
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        <balance>2800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3404688.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Regional Transportation Authority</name>
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          <isin value="US759911TL45"/>
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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>2024-07-01</maturityDt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <cusip>54628CBL5</cusip>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30743.25000000</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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        <name>Massachusetts Bay Transportation Authority</name>
        <lei>549300D2U0XBUXGX8P68</lei>
        <title>Massachusetts Bay Transportation Authority</title>
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          <isin value="US575577HU84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York NY</name>
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        <name>Tyler Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>N/A</name>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>City of Richmond VA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Seattle WA Drainage &amp; Wastewater Revenue</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Douglas County School District No. Re-1 Douglas &amp; Elbert Counties</name>
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          <isin value="US258885B925"/>
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        <curCd>USD</curCd>
        <valUSD>2895887.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RRX60"/>
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        <curCd>USD</curCd>
        <valUSD>3739530.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lompoc Valley Medical Center</name>
        <lei>N/A</lei>
        <title>Lompoc Valley Medical Center</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Linn &amp; Benton Counties School District No. 8J Greater Albany</name>
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        <cusip>391554BR2</cusip>
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          <isin value="US391554BR27"/>
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        <valUSD>1460049.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma County Finance Authority</name>
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        <title>Oklahoma County Finance Authority, Educational Facilities, Lease Midwest City-Del City Public Schools Project</title>
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        <balance>180000.00000000</balance>
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        <valUSD>204417.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Crandall Independent School District</name>
        <lei>N/A</lei>
        <title>Crandall Independent School District, Series 2012A</title>
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        <valUSD>998625.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>San Joaquin County Transportation Authority</name>
        <lei>N/A</lei>
        <title>San Joaquin County Transportation Authority, Measure K Sales Tax</title>
        <cusip>798110CC4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>New York State Thruway Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Washington County School District No. 1 West Union</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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          <isin value="US91802RAQ20"/>
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      <invstOrSec>
        <name>City of Washington Court House OH</name>
        <lei>N/A</lei>
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          <maturityDt>2020-12-01</maturityDt>
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        <name>Yakima County School District No. 7 Yakima</name>
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        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
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        <name>City of Houston TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Texas System (The)</name>
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          <isin value="US91514ABL89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>South Placer Wastewater Authority/CA</name>
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        <name>Commonwealth Financing Authority</name>
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        <name>State of Michigan Trunk Line Revenue</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Pueblo County School District No. 70</name>
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        <name>New York Convention Center Development Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <valUSD>5513900.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Baltimore MD</name>
        <lei>N/A</lei>
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          <isin value="US05914FQ606"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
        <lei>N/A</lei>
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          <isin value="US576553CD11"/>
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          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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        <title>California Municipal Finance Authority, California Lutheran University</title>
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          <isin value="US13048VDN55"/>
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        <curCd>USD</curCd>
        <valUSD>279920.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
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          <isin value="US93978HUQ63"/>
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        <curCd>USD</curCd>
        <valUSD>1499537.50000000</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>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>City of Chicago, 2nd Lien Water, Project</title>
        <cusip>167736A98</cusip>
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          <isin value="US167736A989"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438220.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
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          <isin value="US93974DX604"/>
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        <curCd>USD</curCd>
        <valUSD>1101708.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Crandall Independent School District</name>
        <lei>N/A</lei>
        <title>Crandall Independent School District, Series 2012A</title>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Center Unified School District</name>
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          <isin value="US151847EF31"/>
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        <balance>750000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>State of Rhode Island</name>
        <lei>N/A</lei>
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        <name>County of El Paso TX</name>
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        <title>County of El Paso</title>
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          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>Sales Tax Asset Receivable Corp.</name>
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        <name>District of Columbia</name>
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        <name>County of Suffolk NY</name>
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        <name>Du Page &amp; Will Counties Community School District No. 204 Indian Prairie</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Spartanburg County Tourist Public Facilities Corp.</name>
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      <invstOrSec>
        <name>State of Delaware</name>
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      <invstOrSec>
        <name>North Brunswick Township Board of Education</name>
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          <maturityDt>2022-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
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          <isin value="US44420RAW07"/>
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        <curCd>USD</curCd>
        <valUSD>48433.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582P4D90"/>
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        <curCd>USD</curCd>
        <valUSD>5341000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Berks County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136R862"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <name>Weber Basin Water Conservancy District</name>
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        <name>City of San Antonio TX</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <name>Trinity River Authority</name>
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        <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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          <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>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1078969SD"/>
        </identifiers>
        <balance>46468000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75496.64000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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            <swapFlag>Y</swapFlag>
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            <upfrontRcpt>0.00000000</upfrontRcpt>
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            <notionalAmt>46468000.00000000</notionalAmt>
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            <unrealizedAppr>75496.64000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2010</title>
        <cusip>64972FL46</cusip>
        <identifiers>
          <isin value="US64972FL462"/>
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        <balance>6335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6487800.20000000</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>2024-06-15</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>
      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2015</title>
        <cusip>64972GFQ2</cusip>
        <identifiers>
          <isin value="US64972GFQ29"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3567120.00000000</valUSD>
        <pctVal>0.477339565860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2011C</title>
        <cusip>71884AUP2</cusip>
        <identifiers>
          <isin value="US71884AUP29"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1063500.00000000</valUSD>
        <pctVal>0.142313863366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</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>
      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
        <title>Salt River Project Agricultural Improvement and Power District, Electric System</title>
        <cusip>79574CCM3</cusip>
        <identifiers>
          <isin value="US79574CCM38"/>
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        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>235292.25000000</valUSD>
        <pctVal>0.031485988827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</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>Village of Stewart Manor NY</name>
        <lei>N/A</lei>
        <title>Village of Stewart Manor</title>
        <cusip>860384DD5</cusip>
        <identifiers>
          <isin value="US860384DD54"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24659.40000000</valUSD>
        <pctVal>0.003299834962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>City of Los Angeles, Department of Water and Power, Power System</title>
        <cusip>5444952E3</cusip>
        <identifiers>
          <isin value="US5444952E39"/>
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        <balance>8580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10708955.40000000</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>2029-07-01</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>
      <invstOrSec>
        <name>City of Santa Rosa CA</name>
        <lei>N/A</lei>
        <title>City of Santa Rosa, Wastewater, Capital Appreciation</title>
        <cusip>802649NY5</cusip>
        <identifiers>
          <isin value="US802649NY50"/>
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        <balance>4750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4516870.00000000</valUSD>
        <pctVal>0.604431800681</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp., Series 2013B</title>
        <cusip>38611TAC1</cusip>
        <identifiers>
          <isin value="US38611TAC18"/>
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        <balance>7660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8592298.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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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>
        <name>Pima County Regional Transportation Authority</name>
        <lei>N/A</lei>
        <title>Pima County Regional Transportation Authority</title>
        <cusip>72178RBK0</cusip>
        <identifiers>
          <isin value="US72178RBK05"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22669.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northeast Ohio Regional Sewer District</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Regional Sewer District</title>
        <cusip>663903EZ1</cusip>
        <identifiers>
          <isin value="US663903EZ16"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1762245.00000000</valUSD>
        <pctVal>0.235817483919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Health &amp; Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health &amp; Educational Building Corp.</title>
        <cusip>762197GU9</cusip>
        <identifiers>
          <isin value="US762197GU97"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>700981.00000000</valUSD>
        <pctVal>0.093802834279</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="0914449SD"/>
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        <balance>40000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4052637.40000000</valUSD>
        <pctVal>-0.54230981214</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>Deutsche Bank</counterpartyName>
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            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="USCPI" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Town of Greenwich CT</name>
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        <title>Town of Greenwich</title>
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          <isin value="US396784FJ40"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200598.00000000</valUSD>
        <pctVal>0.026843325212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-11-29</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust I</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
