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        <name>Florida Gulf Coast University Financing Corp.</name>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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          <couponKind>Fixed</couponKind>
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        <name>Pima County Unified School District No. 16 Catalina Foothills</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston TX</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Terrebonne Parish Recreation District No. 5</name>
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        <name>N/A</name>
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        <title>USCPI</title>
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        <name>State of Washington</name>
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        <name>Trinity River Authority</name>
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        <name>District of Columbia</name>
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        <name>Florida Department of Management Services</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Los Angeles Community College District/CA</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority</title>
        <cusip>92818HTC5</cusip>
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          <isin value="US92818HTC50"/>
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        <curCd>USD</curCd>
        <valUSD>4963951.50000000</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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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority System, Second Tier, Series 2017B</title>
        <cusip>66285WWX0</cusip>
        <identifiers>
          <isin value="US66285WWX00"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358208.70000000</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>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Duluth Economic Development Authority</title>
        <cusip>26444VAE0</cusip>
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          <isin value="US26444VAE02"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191241.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lakewood OH</name>
        <lei>549300ZW46UCCG619014</lei>
        <title>City of Lakewood</title>
        <cusip>512606S21</cusip>
        <identifiers>
          <isin value="US512606S210"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346918.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</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>
      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>New York City Water and Sewer System, Second General Resolution, Fiscal Year 2015</title>
        <cusip>64972GFQ2</cusip>
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          <isin value="US64972GFQ29"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3524339.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Walker-Calloway System</title>
        <cusip>89657PHZ9</cusip>
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          <isin value="US89657PHZ99"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>357600.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tyler Independent School District</name>
        <lei>N/A</lei>
        <title>Tyler Independent School District</title>
        <cusip>902273WZ0</cusip>
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          <isin value="US902273WZ00"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>216956.25000000</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>2028-02-15</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>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority, Providence St. Joseph Health, Series 2018B</title>
        <cusip>93978HUS2</cusip>
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          <isin value="US93978HUS20"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3158177.25000000</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>2027-10-01</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>Turlock Irrigation District</name>
        <lei>5493001J7IGC81HEQJ12</lei>
        <title>Turlock Irrigation District, First Priority</title>
        <cusip>900190HG7</cusip>
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          <isin value="US900190HG71"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10202.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-01</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>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Transportation Program</title>
        <cusip>6461367M7</cusip>
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          <isin value="US6461367M72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1267388.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, State Highway Improvement</title>
        <cusip>546486AK7</cusip>
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          <isin value="US546486AK76"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43653.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</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>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399KQ8</cusip>
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          <isin value="US546399KQ82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648139.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
        <cusip>650010AL5</cusip>
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          <isin value="US650010AL54"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149797.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spartanburg County Tourist Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Spartanburg County Tourist Public Facilities Corp.</title>
        <cusip>847111BE0</cusip>
        <identifiers>
          <isin value="US847111BE03"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11439.37000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Lutheran University</title>
        <cusip>13048VDN5</cusip>
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          <isin value="US13048VDN55"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282952.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>New York State Environmental Facilities Corp., State Clean Water &amp; Drinking Water Revolving Funds, New York City Municipal Water Finance Authority</title>
        <cusip>64986DDK8</cusip>
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          <isin value="US64986DDK81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2525172.80000000</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>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority</title>
        <cusip>92818HJV4</cusip>
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          <isin value="US92818HJV42"/>
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        <balance>500000.00000000</balance>
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        <valUSD>630587.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>546399KP0</cusip>
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          <isin value="US546399KP00"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007417.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990GAZ5</cusip>
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          <isin value="US64990GAZ54"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1068612.30000000</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>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; Borough of Juneau AK</name>
        <lei>N/A</lei>
        <title>City &amp; Borough of Juneau</title>
        <cusip>481718YR9</cusip>
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          <isin value="US481718YR97"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475595.46000000</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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority, Enso Village Project</title>
        <cusip>13057GAE9</cusip>
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          <isin value="US13057GAE98"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102046.85000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority</title>
        <cusip>928104MU9</cusip>
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          <isin value="US928104MU98"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1478697.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</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>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2015A</title>
        <cusip>373384Z66</cusip>
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          <isin value="US373384Z662"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151775.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Triangle Expressway System, Senior Lien</title>
        <cusip>65830RBH1</cusip>
        <identifiers>
          <isin value="US65830RBH12"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>856219.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Coffee TN</name>
        <lei>N/A</lei>
        <title>County of Coffee</title>
        <cusip>192162YP4</cusip>
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          <isin value="US192162YP44"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129512.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>JEA Electric System Revenue, Series 2017B</title>
        <cusip>46613SGM6</cusip>
        <identifiers>
          <isin value="US46613SGM61"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4974598.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Bond Development Corp.</title>
        <cusip>49120AAZ2</cusip>
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          <isin value="US49120AAZ21"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149838.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YW0</cusip>
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          <isin value="US665245YW09"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401265.41000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <title>Los Angeles Department of Water and Power, Power System</title>
        <cusip>5444952E3</cusip>
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          <isin value="US5444952E39"/>
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        <balance>3580000.00000000</balance>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
        <title>North Carolina Capital Facilities Finance Agency, High Point University</title>
        <cusip>65818PNN5</cusip>
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          <isin value="US65818PNN59"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Weber Basin Water Conservancy District</name>
        <lei>549300FO1ZUV2HMQR857</lei>
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          <isin value="US947628EY59"/>
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        <balance>470000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Coffee TN</name>
        <lei>N/A</lei>
        <title>County of Coffee</title>
        <cusip>192162YG4</cusip>
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          <isin value="US192162YG45"/>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Lutheran University</title>
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          <isin value="US13048VDP04"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Walker-Calloway System</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
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          <isin value="US93978HUQ63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District</title>
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          <isin value="US84136FAV94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
        <title>Hudson Yards Infrastructure Corp., Second Indenture</title>
        <cusip>44420RAW0</cusip>
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          <isin value="US44420RAW07"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48763.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Junior Lien</title>
        <cusip>650010AJ0</cusip>
        <identifiers>
          <isin value="US650010AJ09"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28929.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Kaiser Permanente, Series 2017A</title>
        <cusip>13032UMM7</cusip>
        <identifiers>
          <isin value="US13032UMM70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1179633.20000000</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>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>Maine Municipal Bond Bank</title>
        <cusip>56045R2A6</cusip>
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          <isin value="US56045R2A66"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1710135.75000000</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>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oconee County School District</name>
        <lei>N/A</lei>
        <title>Oconee County School District</title>
        <cusip>675566DK6</cusip>
        <identifiers>
          <isin value="US675566DK65"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482732.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Silver Bow County School District No. 1</name>
        <lei>N/A</lei>
        <title>Silver Bow County School District No. 1</title>
        <cusip>827422AK2</cusip>
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          <isin value="US827422AK28"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6501.59000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Headquarters Building Projects</title>
        <cusip>544648VF2</cusip>
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          <isin value="US544648VF29"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84354.59000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Butler County Port Authority</name>
        <lei>549300LIKUQ3LQUKO260</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WVS24"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fairview School District</name>
        <lei>N/A</lei>
        <title>Fairview School District</title>
        <cusip>305879GT9</cusip>
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          <isin value="US305879GT93"/>
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        <balance>10000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Walker-Calloway System</title>
        <cusip>89657PJB0</cusip>
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          <isin value="US89657PJB04"/>
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        <balance>320000.00000000</balance>
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        <valUSD>401682.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York</title>
        <cusip>64966QVQ0</cusip>
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          <isin value="US64966QVQ09"/>
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        <balance>1020000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2040-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Grand Rapids Public Schools</name>
        <lei>N/A</lei>
        <title>Grand Rapids Public Schools</title>
        <cusip>386280RG8</cusip>
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          <isin value="US386280RG80"/>
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        <balance>5000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Wellsville Central School District/NY</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-06-15</maturityDt>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
        <lei>N/A</lei>
        <title>Duluth Independent School District No. 709</title>
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        <balance>65000.00000000</balance>
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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>2023-02-01</maturityDt>
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      <invstOrSec>
        <name>County of Coffee TN</name>
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      <invstOrSec>
        <name>City of Santa Rosa CA Wastewater Revenue</name>
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        <name>City of Milwaukee WI Sewerage System Revenue</name>
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        <name>Island Park Union Free School District</name>
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        <name>N/A</name>
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        <name>Clayton County Development Authority</name>
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        <name>California Public Finance Authority</name>
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        <name>Eastern Michigan University</name>
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        <name>Watervliet Public Schools</name>
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        <name>San Antonio Education Facilities Corp.</name>
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      <invstOrSec>
        <name>Lake Ridge School Building Corp.</name>
        <lei>N/A</lei>
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        <name>Pinal County Electric District No. 3</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Health Care Facilities Authority of Sayre</name>
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        <name>Duluth Economic Development Authority</name>
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        <name>Bexar County Hospital District</name>
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        <name>Polk School District</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <name>State of West Virginia</name>
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        <name>Central Plains Energy Project</name>
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        <name>Indiana Finance Authority</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <name>N/A</name>
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        <name>City of Sanford NC Utility Systems Revenue</name>
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        <name>County of Coffee TN</name>
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        <name>Kentucky Bond Development Corp.</name>
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        <name>Albany-Dougherty Inner City Authority</name>
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        <name>Kentucky Bond Development Corp.</name>
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      <invstOrSec>
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        <name>North Texas Tollway Authority</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Denver Health &amp; Hospital Authority</name>
        <lei>549300WFV5S7GIR4OS67</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County Industrial Development Authority, Tower Health Project</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358WZH05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
        <cusip>71883RRA3</cusip>
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          <isin value="US71883RRA31"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2735559.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</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 Coffee TN</name>
        <lei>N/A</lei>
        <title>County of Coffee</title>
        <cusip>192162YF6</cusip>
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          <isin value="US192162YF61"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200278.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
        <lei>549300J83EP2PBDYH615</lei>
        <title>Oklahoma Turnpike Authority, Second Senior, Series 2017A</title>
        <cusip>679111XB5</cusip>
        <identifiers>
          <isin value="US679111XB56"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2362113.60000000</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>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>El Paso County School District No. 49 Falcon</name>
        <lei>N/A</lei>
        <title>El Paso County School District No. 49 Falcon</title>
        <cusip>283484EV1</cusip>
        <identifiers>
          <isin value="US283484EV14"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>138519.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority System, First Tier, Series 2017A</title>
        <cusip>66285WVX1</cusip>
        <identifiers>
          <isin value="US66285WVX19"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730101.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <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>4459076.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PQS7</cusip>
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          <isin value="US74442PQS73"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>987289.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank, Stormwater Project, Series 2013D</title>
        <cusip>45528UJW2</cusip>
        <identifiers>
          <isin value="US45528UJW27"/>
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        <balance>4050000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Reunion Metropolitan District</name>
        <lei>N/A</lei>
        <title>Reunion Metropolitan District</title>
        <cusip>76133UAA1</cusip>
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          <isin value="US76133UAA16"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502015.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Asset Receivable Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Asset Receivable Corp., Fiscal Year 2015</title>
        <cusip>794665FT1</cusip>
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          <isin value="US794665FT14"/>
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        <balance>1890000.00000000</balance>
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          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45470EAB1</cusip>
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          <isin value="US45470EAB11"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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 Permanent Fund, Series 2018A</title>
        <cusip>6473102T7</cusip>
        <identifiers>
          <isin value="US6473102T70"/>
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        <balance>25000.00000000</balance>
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        <valUSD>26128.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Burlington County Bridge Commission</name>
        <lei>N/A</lei>
        <title>Burlington County Bridge Commission, Governmental Leasing Program</title>
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          <isin value="US121651NB57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wayne-Westland Community Schools</name>
        <lei>N/A</lei>
        <title>Wayne-Westland Community Schools</title>
        <cusip>946498HJ4</cusip>
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          <isin value="US946498HJ47"/>
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        <balance>10000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Alexandria LA Utilities Revenue</name>
        <lei>N/A</lei>
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        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US544495D683"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Higher Education</name>
        <lei>N/A</lei>
        <title>Colorado Higher Education</title>
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          <isin value="US196737AH31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York Convention Center Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US649451GW53"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Bay Transportation Authority</name>
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          <isin value="US575577HY07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2109345.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>El Paso County School District No. 49 Falcon</name>
        <lei>N/A</lei>
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          <isin value="US283484EU31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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          <isin value="US544495Y994"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority</title>
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          <isin value="US56682HBT59"/>
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        <balance>5345000.00000000</balance>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Linn &amp; Benton Counties School District No. 8J Greater Albany</name>
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        <name>Mecklenburg County Public Facilities Corp.</name>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>California Public Finance Authority</name>
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        <name>State of California</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <name>County of Coffee TN</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pinal County Electric District No. 3</name>
        <lei>N/A</lei>
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          <isin value="US722021CS91"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Branchburg NJ</name>
        <lei>N/A</lei>
        <title>Township of Branchburg</title>
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        <curCd>USD</curCd>
        <valUSD>44428.44000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Joaquin County Transportation Authority</name>
        <lei>N/A</lei>
        <title>San Joaquin County Transportation Authority, Measure K Sales Tax</title>
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          <isin value="US798110CD25"/>
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        <curCd>USD</curCd>
        <valUSD>2466281.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Gulf Coast University Financing Corp.</name>
        <lei>N/A</lei>
        <title>Florida Gulf Coast University Financing Corp., Housing Project</title>
        <cusip>34073XGF9</cusip>
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          <isin value="US34073XGF96"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613055.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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          <isin value="US542691CM07"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10936.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, School Facilities Construction</title>
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          <isin value="US6459186B45"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5635589.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
        <title>Alabama Public School and College Authority</title>
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          <isin value="US010609DC64"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40561.26000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Regional Transportation Authority</name>
        <lei>549300FOIPI62F5YFO59</lei>
        <title>Regional Transportation Authority</title>
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          <isin value="US759911TL45"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>868554.23000000</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>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, State Revolving Fund</title>
        <cusip>46246K3E0</cusip>
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          <isin value="US46246K3E06"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24443.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Lutheran University</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency Telecommunications and Franchise Tax</title>
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          <isin value="US917466CC63"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Onekama Consolidated Schools</name>
        <lei>N/A</lei>
        <title>Onekama Consolidated Schools</title>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Burlington County Bridge Commission</name>
        <lei>N/A</lei>
        <title>Burlington County Bridge Commission</title>
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          <isin value="US121651NC31"/>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
        <lei>N/A</lei>
        <title>Milledgeville &amp; Baldwin County Development Authority</title>
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        <name>City of San Luis AZ</name>
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        <name>Lafayette Public Power Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
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        <name>Build NYC Resource Corp.</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <name>Oklahoma County Finance Authority</name>
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        <name>County of Coffee TN</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Town of South Windsor CT</name>
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        <name>Erie County Industrial Development Agency (The)</name>
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        <name>Commonwealth Financing Authority</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>County of Coffee TN</name>
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        <name>County of Clark NV</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>City of Chicago, 2nd Lien Waterworks Project</title>
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          <isin value="US167736B896"/>
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        <valUSD>1134513.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency</title>
        <cusip>917467BW1</cusip>
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          <isin value="US917467BW10"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603937.90000000</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>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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>University of Texas System (The)</name>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
        <title>University of Texas System (The), Board of Regents, Financing System, Series 2014B</title>
        <cusip>91514ABL8</cusip>
        <identifiers>
          <isin value="US91514ABL89"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6141787.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority</title>
        <cusip>54811BWN7</cusip>
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          <isin value="US54811BWN71"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289080.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Western Michigan University</name>
        <lei>N/A</lei>
        <title>Western Michigan University</title>
        <cusip>958638XT0</cusip>
        <identifiers>
          <isin value="US958638XT09"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267343.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston TX Combined Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Houston, Combined Utility System, Junior Lien</title>
        <cusip>4424362G5</cusip>
        <identifiers>
          <isin value="US4424362G59"/>
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        <balance>5550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8389332.83000000</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>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rhode Island Turnpike &amp; Bridge Authority</name>
        <lei>N/A</lei>
        <title>Rhode Island Turnpike &amp; Bridge Authority</title>
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        <identifiers>
          <isin value="US762322AP07"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12012.69000000</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>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Gallaudet University Project</title>
        <cusip>25483VYQ1</cusip>
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          <isin value="US25483VYQ12"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242904.80000000</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>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <title>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</title>
        <cusip>592029AJ1</cusip>
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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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Western Michigan University</name>
        <lei>N/A</lei>
        <title>Western Michigan University</title>
        <cusip>958638XS2</cusip>
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          <isin value="US958638XS26"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of North Carolina at Greensboro</name>
        <lei>N/A</lei>
        <title>University of North Carolina at Greensboro</title>
        <cusip>914719VA4</cusip>
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          <isin value="US914719VA49"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11715.85000000</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>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Howard MD</name>
        <lei>N/A</lei>
        <title>County of Howard</title>
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          <isin value="US44256PUN13"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19026.14000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health and Higher Educational Facilities Authority, Stevenson University Issue</title>
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          <isin value="US57421CBW38"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Trinity River Authority</name>
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          <isin value="US89657PJC86"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth Financing Authority</name>
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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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    <signature>
      <ncom:dateSigned>2021-08-30</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>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
