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        <name>Golden State Tobacco Securitization Corp.</name>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
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        <name>Windler Public Improvement Authority</name>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>California Public Finance Authority</name>
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          <isin value="US13057GAF63"/>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>New York State Thruway Authority</name>
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          <maturityDt>2025-01-01</maturityDt>
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        <name>Westchester County Local Development Corp.</name>
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          <isin value="US95737TEX00"/>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>3.20000000</annualizedRt>
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        <name>Northeast Ohio Medical University</name>
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          <maturityDt>2035-12-01</maturityDt>
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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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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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        <name>California Public Finance Authority</name>
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          <maturityDt>2027-11-15</maturityDt>
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        <name>City of Baltimore MD</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>South Placer Wastewater Authority/CA</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-11-01</maturityDt>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>County of St Lawrence NY</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Military Installation Development Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Western Michigan University</name>
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        <name>Hillsboro School District No. 1J</name>
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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>University of Washington</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>County of Coffee TN</name>
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        <name>Butler County Port Authority</name>
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      <invstOrSec>
        <name>Lawrence Township School Building Corp.</name>
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        <name>Virginia Public School Authority</name>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2026-07-01</maturityDt>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>City of Lakewood OH</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York City Water &amp; Sewer System</name>
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          <isin value="US64972GFQ29"/>
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          <maturityDt>2031-06-15</maturityDt>
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        <name>Trinity River Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>State of Louisiana</name>
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        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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        <name>Baytown Municipal Development District</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <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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        <curCd>USD</curCd>
        <valUSD>146886.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584YR27</cusip>
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          <isin value="US57584YR272"/>
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        <curCd>USD</curCd>
        <valUSD>658807.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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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        <curCd>USD</curCd>
        <valUSD>11332.11000000</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>
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        <title>California Municipal Finance Authority, Lutheran University</title>
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          <isin value="US13048VDN55"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275869.78000000</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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        <securityLending>
          <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>2464690.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <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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        <curCd>USD</curCd>
        <valUSD>615456.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</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>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="2129919SD"/>
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        <balance>2468000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114243.82000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest</title>
        <cusip>29270MEL3</cusip>
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          <isin value="US29270MEL37"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11521.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc.</title>
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          <isin value="US56035DCZ33"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5854309.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>County of Lancaster PA</name>
        <lei>549300W9YR5FSCHLO756</lei>
        <title>County of Lancaster, Series 2016-A</title>
        <cusip>514040P57</cusip>
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          <isin value="US514040P570"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16550.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129WQD5</cusip>
        <identifiers>
          <isin value="US45129WQD55"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>977878.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clayton County Development Authority</name>
        <lei>549300MRIVF01QB6RF86</lei>
        <title>Clayton County Development Authority</title>
        <cusip>184150GB0</cusip>
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          <isin value="US184150GB01"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Bondurant IA</name>
        <lei>N/A</lei>
        <title>City of Bondurant</title>
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        <valUSD>109031.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Second Tier, Series 2017B</title>
        <cusip>66285WXA9</cusip>
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        <curCd>USD</curCd>
        <valUSD>463184.92000000</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>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>Port of Seattle, Intermediate Lien, Series 2015B</title>
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          <isin value="US735389VR63"/>
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        <curCd>USD</curCd>
        <valUSD>4187175.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Butler County Port Authority</name>
        <lei>549300LIKUQ3LQUKO260</lei>
        <title>Butler County Port Authority, Community First Solutions</title>
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        <balance>110000.00000000</balance>
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        <valUSD>127429.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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        <balance>1375000.00000000</balance>
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        <name>St. Tammany Parish Hospital Service District No. 1</name>
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        <name>Sacramento Municipal Utility District</name>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>City of Hazard KY</name>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>Borough of Matanuska-Susitna AK</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584YQ779"/>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>City of Charleston SC Waterworks &amp; Sewer System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US546399KP00"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-05-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>City &amp; Borough of Juneau AK</name>
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        <name>California Public Finance Authority</name>
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        <title>California Public Finance Authority, Enso Village Project, Green Bond</title>
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        <name>Virginia Small Business Financing Authority</name>
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        <title>Virginia Small Business Financing Authority</title>
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        <name>Conroe Local Government Corp.</name>
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        <name>State of Georgia</name>
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        <name>North Carolina Turnpike Authority</name>
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        <name>County of Coffee TN</name>
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        <name>JEA Electric System Revenue</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Bond Development Corp.</title>
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          <isin value="US49120AAZ21"/>
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        <curCd>USD</curCd>
        <valUSD>146109.69000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Wildwood Utility Dependent District</name>
        <lei>N/A</lei>
        <title>Wildwood Utility Dependent District</title>
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          <isin value="US968214AE61"/>
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        <curCd>USD</curCd>
        <valUSD>159339.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
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        <cusip>665245YW0</cusip>
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          <isin value="US665245YW09"/>
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        <curCd>USD</curCd>
        <valUSD>393580.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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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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      <invstOrSec>
        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
        <lei>549300GAP0JIG7V33754</lei>
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        <cusip>62551PDD6</cusip>
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          <isin value="US62551PDD69"/>
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        <balance>5800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5678750.42000000</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>0.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
        <lei>N/A</lei>
        <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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        <curCd>USD</curCd>
        <valUSD>4334855.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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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        <curCd>USD</curCd>
        <valUSD>1178940.10000000</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>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Weber Basin Water Conservancy District</name>
        <lei>549300FO1ZUV2HMQR857</lei>
        <title>Weber Basin Water Conservancy District, Series 2017B</title>
        <cusip>947628EY5</cusip>
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          <isin value="US947628EY59"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573565.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="2135799SD"/>
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        <balance>7072000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>273763.10000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <swapDeriv derivCat="SWP">
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <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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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206540.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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>
        <cusip>13048VDP0</cusip>
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          <isin value="US13048VDP04"/>
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        <balance>225000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Walker-Calloway System</title>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <title>Hudson Yards Infrastructure Corp., Second Indenture</title>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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        <name>Butler County Port Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Grand Rapids Public Schools</name>
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        <name>City of Milwaukee WI Sewerage System Revenue</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>University of Washington</name>
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          <maturityDt>2023-06-01</maturityDt>
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        <name>Lake Ridge School Building Corp.</name>
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        <name>Pinal County Electric District No. 3</name>
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        <name>N/A</name>
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        <name>North Hudson Sewerage Authority/NJ</name>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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        <name>Berks County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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      <invstOrSec>
        <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>Town of Stafford CT</name>
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        <name>N/A</name>
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        <name>Lower Colorado River Authority</name>
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        <name>East Moriches Union Free School District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Long Beach Bond Finance Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>Baytown Municipal Development District</name>
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      <invstOrSec>
        <name>Briggs Elementary School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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          <isin value="US20282EAG17"/>
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        <name>Savannah Economic Development Authority</name>
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      <invstOrSec>
        <name>City of Chicago IL Motor Fuel Tax Revenue</name>
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          <isin value="US16756KEC71"/>
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        <name>State of Illinois</name>
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          <maturityDt>2039-03-01</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>District of Columbia</name>
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        <name>State of Ohio</name>
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          <isin value="US677522XP40"/>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>City of Sterling IL</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Savannah Economic Development Authority</name>
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        <name>City of Sanford NC Utility Systems Revenue</name>
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        <name>Michigan Strategic Fund</name>
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          <maturityDt>2061-10-01</maturityDt>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>County of Coffee TN</name>
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        <title>County of Coffee</title>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>Lower Colorado River Authority</name>
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        <name>Windler Public Improvement Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Clayton County Development Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</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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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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          <isin value="US592029AL65"/>
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        <curCd>USD</curCd>
        <valUSD>227078.98000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lakeview School District/MI</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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          <isin value="US544495H312"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <curCd>USD</curCd>
        <valUSD>39363.79000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Springdale Public Facilities Board</name>
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        <name>City of Aurora CO</name>
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        <name>N/A</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>District of Columbia</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Florida Atlantic University Finance Corp.</name>
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        <name>Military Installation Development Authority</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Fort Bend County Municipal Utility District No. 169</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Reunion Metropolitan District</name>
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      <invstOrSec>
        <name>Sales Tax Asset Receivable Corp.</name>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45470EAB11"/>
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          <isin value="US6473102T70"/>
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        <name>Burlington County Bridge Commission</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Wayne-Westland Community Schools</name>
        <lei>N/A</lei>
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          <isin value="US946498HJ47"/>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cabot AR Sales &amp; Use Tax Revenue</name>
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        <name>City of Alexandria LA Utilities Revenue</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <name>New York Convention Center Development Corp.</name>
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        <name>Massachusetts Bay Transportation Authority Assessment Revenue</name>
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        <name>N/A</name>
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        <name>El Paso County School District No. 49 Falcon</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
        <lei>5493004WIZ1HV87IVF85</lei>
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          <isin value="US54628CBL54"/>
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        <curCd>USD</curCd>
        <valUSD>30820.22000000</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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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Linn &amp; Benton Counties School District No. 8J Greater Albany</name>
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          <isin value="US391554BQ44"/>
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        <curCd>USD</curCd>
        <valUSD>608659.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Mecklenburg County Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Mecklenburg County Public Facilities Corp.</title>
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        <identifiers>
          <isin value="US58401ABQ22"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11844.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tri-County Metropolitan Transportation District of Oregon</name>
        <lei>N/A</lei>
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          <isin value="US89546RPA67"/>
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        <curCd>USD</curCd>
        <valUSD>54382.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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, Green Bond</title>
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          <isin value="US13057GAB59"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113374.39000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mida Golf and Equestrian Center Public Infrastructure District</name>
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          <isin value="US59561BAA08"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ARS32"/>
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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>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063CSW19"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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          <isin value="US592029AK82"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Coffee TN</name>
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          <isin value="US192162YH28"/>
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          <maturityDt>2029-06-01</maturityDt>
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      <invstOrSec>
        <name>Pinal County Electric District No. 3</name>
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          <isin value="US722021CS91"/>
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        <name>Township of Branchburg NJ</name>
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        <name>San Joaquin County Transportation Authority</name>
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        <name>N/A</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
        <lei>N/A</lei>
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        <name>Long Island Power Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EGR5</cusip>
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          <isin value="US74442EGR53"/>
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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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <isin value="US6459186B45"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5545561.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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        <curCd>USD</curCd>
        <valUSD>39758.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regional Transportation Authority</name>
        <lei>549300FOIPI62F5YFO59</lei>
        <title>Regional Transportation Authority</title>
        <cusip>759911TL4</cusip>
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          <isin value="US759911TL45"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>859697.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, State Revolving Fund</title>
        <cusip>46246K3E0</cusip>
        <identifiers>
          <isin value="US46246K3E06"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23896.77000000</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>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Lutheran University</title>
        <cusip>13048VDM7</cusip>
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          <isin value="US13048VDM72"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278009.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency Telecommunications and Franchise Tax</title>
        <cusip>917466CC6</cusip>
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          <isin value="US917466CC63"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284097.13000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onekama Consolidated Schools</name>
        <lei>N/A</lei>
        <title>Onekama Consolidated Schools</title>
        <cusip>682675DH3</cusip>
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          <isin value="US682675DH31"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16744.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Burlington County Bridge Commission</name>
        <lei>N/A</lei>
        <title>Burlington County Bridge Commission</title>
        <cusip>121651NC3</cusip>
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          <isin value="US121651NC31"/>
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        <curCd>USD</curCd>
        <valUSD>563619.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <valUSD>630701.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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        <title>Milledgeville &amp; Baldwin County Development Authority</title>
        <cusip>60039GAX1</cusip>
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          <isin value="US60039GAX16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of San Luis AZ</name>
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          <isin value="US79854WCC29"/>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>Lafayette Public Power Authority</name>
        <lei>N/A</lei>
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          <isin value="US506479JZ81"/>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Medical University</title>
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          <isin value="US66433RBB33"/>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59259Y6C86"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>North Texas Tollway Authority</name>
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        <name>Trinity River Authority</name>
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        <name>Military Installation Development Authority</name>
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        <name>County of Coffee TN</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Northern Illinois University</name>
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        <name>County of Carroll KY</name>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Florida Development Finance Corp.</name>
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      <invstOrSec>
        <name>Milledgeville &amp; Baldwin County Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US60039GAT04"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>City of Atlanta</title>
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          <isin value="US047870ND81"/>
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        <curCd>USD</curCd>
        <valUSD>115801.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Coffee TN</name>
        <lei>N/A</lei>
        <title>County of Coffee</title>
        <cusip>192162XV2</cusip>
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          <isin value="US192162XV21"/>
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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>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <cusip>64986DDJ1</cusip>
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          <isin value="US64986DDJ19"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4306891.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of South Windsor CT</name>
        <lei>N/A</lei>
        <title>Town of South Windsor</title>
        <cusip>840772W78</cusip>
        <identifiers>
          <isin value="US840772W785"/>
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        <balance>1760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2087552.54000000</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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Erie County Industrial Development Agency (The)</name>
        <lei>N/A</lei>
        <title>Erie County Industrial Development Agency (The), City School District of the City of Buffalo Project</title>
        <cusip>29509PKH1</cusip>
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          <isin value="US29509PKH19"/>
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        <curCd>USD</curCd>
        <valUSD>44596.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Baytown Municipal Development District</name>
        <lei>N/A</lei>
        <title>Baytown Municipal Development District</title>
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          <isin value="US073201AH88"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1104352.23000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
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          <isin value="US93978HUR47"/>
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        <curCd>USD</curCd>
        <valUSD>1803318.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Pima AZ</name>
        <lei>N/A</lei>
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          <isin value="US721882EP92"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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          <isin value="US20282EAH99"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission, Rockwood Retirement Communities Project</title>
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          <isin value="US939783C950"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Coffee TN</name>
        <lei>N/A</lei>
        <title>County of Coffee</title>
        <cusip>192162XZ3</cusip>
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          <isin value="US192162XZ35"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lompoc Valley Medical Center</name>
        <lei>N/A</lei>
        <title>Lompoc Valley Medical Center</title>
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          <isin value="US54178MBJ27"/>
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        <balance>15000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clayton County Development Authority</name>
        <lei>549300MRIVF01QB6RF86</lei>
        <title>Clayton County Development Authority, Clayton State University</title>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>County of Clark NV</name>
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        <title>County of Clark, Nevada Improvement District No. 158</title>
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        <invCountry>US</invCountry>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Westminster Project</title>
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          <isin value="US64542UFM18"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>City of Chicago, 2nd Lien Waterworks Project</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency</title>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585327.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
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          <isin value="US126292AV37"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Board of Regents of the University of Texas System</name>
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          <isin value="US91514ABL89"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority</title>
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          <isin value="US54811BWN71"/>
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        <curCd>USD</curCd>
        <valUSD>279164.42000000</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>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Western Michigan University</name>
        <lei>N/A</lei>
        <title>Western Michigan University</title>
        <cusip>958638XT0</cusip>
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          <isin value="US958638XT09"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <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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          <isCashCollateral>N</isCashCollateral>
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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>
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          <isin value="US4424362G59"/>
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        <balance>5550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8095125.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>Rhode Island Turnpike &amp; Bridge Authority</name>
        <lei>N/A</lei>
        <title>Rhode Island Turnpike &amp; Bridge Authority</title>
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          <isin value="US762322AP07"/>
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        <curCd>USD</curCd>
        <valUSD>11755.40000000</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>
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          <isin value="US25483VYQ12"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235780.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</title>
        <cusip>592029AJ1</cusip>
        <identifiers>
          <isin value="US592029AJ10"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166678.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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        <curCd>USD</curCd>
        <valUSD>259846.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <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>
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          <isin value="US914719VA49"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11450.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <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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        <assetCat>DBT</assetCat>
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        <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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        <assetCat>DBT</assetCat>
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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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          <isin value="US89657PJC86"/>
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        <balance>340000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Milledgeville &amp; Baldwin County Development Authority</name>
        <lei>N/A</lei>
        <title>Milledgeville &amp; Baldwin County Development Authority</title>
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          <isin value="US60039GBB86"/>
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        <balance>1600000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
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        <valUSD>1322735.50000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-11-30</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>
    </signature>
  </formData>
</edgarSubmission>
